Ampco-Pittsburgh Q2 Earnings Call Highlights

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Ampco-Pittsburgh (NYSE:AP) reported second-quarter 2026 nett income of $1.5 million, oregon $0.07 per share, compared with a nett nonaccomplishment of $7.3 million, oregon $0.36 per share, successful the prior-year period, arsenic restructuring actions and improved operating show supported profitability.

Chief Executive Officer J. Brett McBrayer described the 4th arsenic "a wide turning point" for the company. Adjusted EBITDA roseate 22% from the anterior twelvemonth to $9.8 million, portion adjusted EBITDA borderline expanded 240 ground points to 9.5% connected nett income of $102.9 million.

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Second-quarter income declined from $113.1 cardinal a twelvemonth earlier, chiefly owed to the closure of the company's U.K. formed rotation installation during the 2nd fractional of 2025. Year-to-date gross was $211.2 million, compared with $217.4 cardinal successful the prior-year period.

Orders and Backlog Increase

McBrayer said lawsuit orders totaled astir $144 cardinal during the quarter, an summation of 50% from the prior-year period. Total backlog accrued 12% during the 4th to $385.4 million, up from $339.9 cardinal astatine the extremity of the archetypal quarter.

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The institution said request was accelerating crossed some of its operating segments. McBrayer said restructuring actions successful the Forged and Cast Engineered Products business, including the U.K. installation closure, were opening to lend to fiscal results.

At June 30, Ampco-Pittsburgh had $7 cardinal successful currency and $29 cardinal of undrawn availability nether its revolving recognition facility.

Air and Liquid Posts Record First-Half EBITDA

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Air and Liquid Systems reported second-quarter gross comparable with the prior-year period, portion year-to-date gross roseate 9%. Segment adjusted EBITDA accrued 34% successful the 2nd 4th and was up 43% twelvemonth to date, reaching the highest level successful the segment's history, according to David G. Anderson, the company's main fiscal serviceman and president of Air and Liquid Systems.

Anderson attributed the betterment to manufacturing efficiencies, higher gross and favorable merchandise mix. The segment's backlog roseate 16% during the 4th to $23.3 cardinal and was 39% supra its level astatine the extremity of 2025.

The institution cited increasing power-generation request related to information centers arsenic a operator for its commercialized pump and atomic vigor exchanger products. Its commercialized pumps are utilized successful state turbines, portion the institution said it remains a ascendant supplier of vigor exchangers to the atomic market.