Ampco-Pittsburgh Expects Strong Sequential Earnings Improvement In Q2 2024 Compared To Q1 2024
Ampco-Pittsburgh Expects Strong Sequential Earnings Improvement In Q2 2024 Compared To Q1 2024
Remarking on this outlook, Brett McBrayer, Ampco-Pittsburgh's Chief Executive Officer, said, "As we expected, Q2 2024 earnings should improve sequentially versus Q1 2024 with the impact of the Q1 foundry fire in our Sweden plant largely behind us, along with sequential improvement in Air & Liquid Processing segment margins."
Ampco-Pittsburgh首席執行官Brett McBrayer在談到這一前景時表示：“正如我們所預料的那樣，2024年第二季度的收益將與2024年第一季度相比連續改善，瑞典工廠第一季度鑄造廠大火的影響基本已經過去，空氣和液體處理板塊的利潤率也將連續提高。”
"We experienced a full-quarter benefit of the new machinery in our U.S. forged operation in Q2. Although we are still experiencing excess capacity in our European cast roll business relative to demand, this is consistent with our experience the last few quarters."
“第二季度，我們在美國鍛造業務中受益於新機器。儘管相對於需求，我們的歐洲鑄軋業務仍然存在產能過剩的情況，但這與我們過去幾個季度的經歷一致。”