Ampco-Pittsburgh Corporation reported a substantial decline in its share price, dropping 13.8% following its Q2 2025 earnings release. For the quarter ended June 30, 2025, the company revealed a net loss of $7.3 million, or $0.36 per share, compared to a net income of $2 million, or $0.10 per share, during the same period last year. Revenue rose slightly to $113.1 million, a 1.9% increase from the prior year, despite a significant $6.8 million restructuring charge related to the closure of its U.K. cast roll operations, expected to improve annual operating income by at least $5 million once completed.
Key Financial Data
For Q2 2025, Ampco-Pittsburgh’s adjusted EBITDA was $7.9 million, down 21.2% from $10.1 million year-over-year. The Forged and Cast Engineered Products segment generated $77.9 million in revenue, a 2.9% increase, but overall profitability was pressured by tariff-related uncertainties and lower demand in the roll market. The company reported $9.9 million in cash and $34.2 million available under its amended revolving credit facility at the end of June 2025.
Segment Performance and Future Outlook
The Air and Liquid Processing (ALP) segment generated $35.2 million in revenue, slightly down from $35.3 million but improved profitability due to a favorable product mix. Management anticipates a better operating environment in 2026 with clarity on tariffs and benefits from restructuring. However, the formal exit from the U.K. cast roll business is projected to reduce revenue by approximately $20 million to $25 million annually, which will be partly mitigated by production relocation to Sweden.
