Ampco-Pittsburgh Stock Price Falls 10% Due to Fourth Quarter Loss, One-Time Charges Weigh on Performance

LootboxPhobia · 2026-03-16T22:20:02+00:00

Ampco-Pittsburgh Corporation in Pennsylvania reported a net loss of $57.7 million for the fourth quarter, primarily due to one-time charges that weighed on results, with stock price declining 10%. Despite revenue growth of 8% year-over-year, adjusted EBITDA declined. The company posted a full-year net loss of $66.1 million, with the CEO stating that measures have been taken to improve profitability.

LootboxPhobia

2026-03-16 22:20:02

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Carnegie, Pennsylvania - Ampco-Pittsburgh Corporation (NYSE: AP) announced a fourth-quarter loss, with one-time charges dragging down performance. The stock fell 10% after the announcement.

The company reported a net loss of $57.7 million for the quarter ending December 31, 2025, or a loss of $2.85 per share. The loss includes $42.4 million related to exiting the UK cast roll business and a $11.9 million after-tax non-cash asbestos revaluation expense. Revenue for the quarter reached $108.8 million, up 8% year-over-year from $100.9 million.

The company explained that adjusted EBITDA for the quarter was $3.2 million, down from $6 million in the same period last year, mainly due to reduced production days amid tariffs impacting the steel market, which lowered overhead absorption rates.

For the full year 2025, Ampco-Pittsburgh reported a net loss of $66.1 million, or $3.28 per share, with revenue of $434.2 million. In 2024, net profit was $0.4 million, or $0.02 per share, with revenue of $418.3 million. The full-year adjusted EBITDA increased by 4%, from $28.1 million to $29.2 million.

CEO Brett McBrayer stated, “Although the fourth quarter involved significant one-time non-cash charges due to operational scale adjustments, we have taken important steps to fundamentally improve the profitability of our investment portfolio.” He noted that the company is transferring about 50% of production from the former UK plant to the Swedish plant, and expects closing the UK plant will positively impact annual EBITDA by $7 million to $8 million.

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