NEWS
Ampco-Pittsburgh Corporation Provides Preliminary Results on its Second Quarter 2024 Earnings and Current Liquidity Position
Positive
Expected net sales for Q2 2024 in the range of $107 million to $112 million, comparable to previous quarters.
Expected net sales for Q2 2024 in the range of $107 million to $112 million, comparable to previous quarters.
Projected income from operations between $3.8 million and $4.8 million, a significant increase from Q1 2024.
Estimated net income for Q2 2024 between $1.1 million and $2.1 million, a substantial improvement from Q1 2024.
Improved liquidity position with $8.6 million in cash and $27.2 million available on a revolving credit facility.
Negative
Continued excess capacity in the European cast roll business relative to demand.
Continued excess capacity in the European cast roll business relative to demand.
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