Shares of Ampco-Pittsburgh (NYSE:AP) remained unaffected at $3.25 after the company reported Q1 results.Quarterly Results Earnings per share increased 333.33% over the past year to $0.28, which beat the estimate of $0.11.Revenue of $91,063,000 less by 15.29% year over year, which missed the estimate of $103,300,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Ampco-Pittsburgh hasn't issued any revenue guidance for the time being.Conference Call Details Date: May 06, 2020View more earnings on APWebcast URL: https://78449.choruscall.com/dataconf/productusers/ap/mediaframe/36980/indexr.htmlRecent Stock Performance 52-week high: $4.9252-week low: $1.94Price action over last quarter: Up 1.56%Company Profile Ampco-Pittsburgh Corp is a US-based company engaged in manufacturing and selling of engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment.See more from Benzinga * Recap: Norbord Q1 Earnings * Scorpio Tankers: Q1 Earnings Insights * CBIZ: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Ampco-Pittsburgh Corporation (NYSE: AP) reports sales from continuing operations of $91.1 million for the three months ended March 31, 2020, compared to $107.5 million for the three months ended March 31, 2019. The decrease is principally attributable to a lower volume of shipments for the Forged and Cast Engineered Products segment due to weaker demand in the flat rolled steel and oil and gas markets.
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