Ampco-Pittsburgh Corporation (AP)

In the past six months, Ampco-Pittsburgh Corp. stock has been influenced by several key events. The company reported strong Q3 2025 financial results, leading to a stock price surge. Strategic exits from underperforming operations were announced to enhance profitability. Air and Liquid Systems Corporation booked record customer orders in January 2026. Several company directors and the CEO purchased shares of Ampco-Pittsburgh common stock in late 2025. David G. Anderson was elected as the new Vice President and Chief Financial Officer, effective January 2026.

Demand for Ampco-Pittsburgh's products experiences some seasonality, particularly in the FCEP segment due to summer shutdowns in Europe, leading to sales decreases in the third quarter. The ALP segment has shown robust demand in sectors like nuclear power generation, naval defense, pharmaceutical, and military. Global steel demand is projected to have modest growth in 2024 and 2025. The ALP segment also sees strong demand from data center cooling and semiconductor fabrication.

Ampco-Pittsburgh Corp. is a global manufacturer specializing in high-performance metal products and customized equipment, operating in the Basic Materials sector, specifically the Metals & Mining industry. The company operates through two segments: Forged and Cast Engineered Products (FCEP), a leading producer of forged hardened steel rolls, cast rolls, and forged engineered products, and Air and Liquid Processing (ALP), which designs and manufactures custom-engineered finned tube heat exchange coils, large custom air handling systems, and specialized centrifugal pumps.

Ampco-Pittsburgh Corp. is headquartered in Carnegie, Pennsylvania, U.S., and has a global presence with manufacturing facilities in the United States (Pennsylvania, Indiana, Virginia, and New York), England, Sweden, and Slovenia. It also participates in operating joint ventures in China, with sales offices across North and South America, Asia, Europe, and the Middle East.

Ampco-Pittsburgh has a strong brand reputation within its specialized industrial segments. Union Electric Steel Corporation is recognized as a world leader in the forged steel roll market. The Air and Liquid Processing segment's divisions are dedicated to continuously improving their reputations as leaders. Record-breaking customer orders for the Air and Liquid Systems Corporation underscore the value and demand for their products. Strategic exits from underperforming operations aim to enhance profitability and improve the company's overall reputation.

Institutional investors hold a significant portion of Ampco-Pittsburgh's stock, ranging from 49.16% to 60.24%, with major shareholders including Gamco Investors Inc. ET AL, Gabelli Funds LLC, Ameriprise Financial Inc., Ancora Advisors LLC, Vanguard Group Inc., Renaissance Technologies LLC, and Dimensional Fund Advisors LP. Insider ownership accounts for approximately 25.82% of the stock. Louis Berkman Investment Co. is also noted as a major shareholder.