Mon, May 12, 8:45 PM (37 days ago)
**AMPCO-PITTSBURGH CORPORATION (AP) Q1 2025 Financial Performance** **Financial Health & Performance:** - **Revenue:** $104,265 (down 5.5% from $110,215 in Q1 2024). - **Profit Margins:** Gross margins improved for both segments. - **Net Income:** $1,142 (up from a loss of $2,717 in Q1 2024). - **EPS:** $0.06 (up from a loss of $0.14 in Q1 2024). - **Cash Flow:** Net cash used in operations was $(5,280) (down from $4,535 in Q1 2024). **Segment Performance:** - **Forged and Cast Engineered Products (FCEP):** Revenue down 6.5% to $72,287. Income from operations up $2,329 to $3,905. - **Air and Liquid Processing (ALP):** Revenue down 3.2% to $31,978. Income from operations up $1,512 to $3,494. **Trends & Uncertainties:** - Global steel manufacturing capacity exceeds consumption. - Tariffs on forged and cast rolls shipped from European facilities to the U.S. and on U.S. forged and cast rolls shipped to China. - Inflation and increasing production costs in the ALP segment. - Geopolitical conflicts and economic conditions may impact operations. **Future Operations & Impact:** - FCEP segment focusing on improving profitability and operational efficiency. - ALP segment aiming to grow revenues and strengthen engineering capabilities. - Monitoring changes in tariffs, geopolitical matters, and economic conditions. - Expecting to finance operational requirements, debt service costs, and capital expenditures through funds on hand, generated cash, and revolving credit facility. **Liquidity & Capital Resources:** - Cash and cash equivalents decreased by $8,298 to $7,129. - Remaining availability under the revolving credit facility approximated $28,586. - Commitments for future capital expenditures approximated $5,200. **Risk Factors:** - Inability to maintain adequate liquidity. - Economic downturns and cyclical demand for products. - Liability for asbestos-related claims. - Inability to obtain necessary capital or financing. - Increases in commodity prices and insufficient hedging. - Potential attacks on information technology infrastructure. - Fluctuations in the value of the U.S. dollar relative to other currencies. - Changes in the existing regulatory environment. - Consequences of pandemics and geopolitical conflicts. - Work stoppages or industrial actions by unions. - Failure to maintain an effective system of internal control. - Changes in the global economic environment, inflation, elevated interest rates, recessions, or prolonged periods of slow economic growth, and global instability and actual and threatened geopolitical conflict.