Quarterly ResultMay 12, 2026, 07:02 AM
Ampco-Pittsburgh Q1 Net Loss $(0.87)M; Sales $108.3M
AI Summary
Ampco-Pittsburgh Corporation reported a net loss of $(0.87) million for the first quarter of 2026, a decline from net income of $1.14 million in the same period last year. This was despite an increase in total net sales to $108.3 million from $104.3 million year-over-year. The results were impacted by a $0.88 million Deconsolidation Charge related to UES-UK.
Key Highlights
- Ampco-Pittsburgh reported a net loss of $(0.87) million in Q1 2026, compared to net income of $1.14 million in Q1 2025.
- Total net sales increased to $108.3 million in Q1 2026 from $104.3 million in Q1 2025.
- Basic net loss per share was $(0.04) in Q1 2026, down from $0.06 earnings per share in Q1 2025.
- Income from operations decreased to $2.56 million in Q1 2026 from $3.85 million in Q1 2025.
- A Deconsolidation Charge of $0.88 million was recorded in Q1 2026 related to UES-UK.
- Net cash flows provided by operating activities improved to $1.65 million in Q1 2026 from $(5.28) million used in Q1 2025.
- Cash and cash equivalents stood at $9.23 million as of March 31, 2026, a decrease from $10.70 million at December 31, 2025.