Ampco-Pittsburgh Corp (AP) 11.77 $AP
Ampco-Pittsburgh Corporation Announces Second Quarter Results
BusinessWire - Wed Aug 03, 6:52AM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales for the three and six months ended June 30, 2016 of $93,301,000 and $156,879,000, respectively, compared to $59,973,000 and $125,060,000, respectively, for the three and six months ended June 30, 2015. The current year periods include sales of $40,441,000 and $53,024,000, respectively, for the three and six months ended June 30, 2016, associated with the March 3, 2016, acquisition of Akers AB and certain of its affiliated companies ("Akers"
. The Corporation reported a loss from operations of $4,856,000 and $9,819,000, respectively, for the three and six months ended June 30, 2016, compared to a loss from operations of $806,000 and $304,000 for the comparable prior year periods. The current year operating loss includes unfavorable pre-tax purchase accounting, transaction-related and other acquisition-related costs of approximately $3,000,000 and $6,400,000 for the three and six months ended June 30, 2016, respectively, related to the Akers acquisition. Net loss for the three and six months ended June 30, 2016, was $6,486,000 or $0.53 per common share and $9,376,000 or $0.81 per common share, respectively. Net loss for the three and six months ended June 30, 2015, equaled $520,000 or $0.05 per common share and $448,000 or $0.04, respectively. The income tax provision for the current year periods includes full valuation allowances recorded against the net deferred tax assets of certain of our international operations.
AP: 11.77 (+0.47)
Ampco-Pittsburgh to Present at the East Coast IDEAS Investor Conference on June 28th in Boston
BusinessWire - Thu Jun 16, 3:27PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) today announced that John Stanik, Chief Executive Officer, will be presenting at the East Coast IDEAS Investor Conference on Tuesday, June 28, 2016, at the Boston Park Plaza in Boston, Massachusetts.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Has Returned 25.0% Since SmarTrend Recommendation (AP)
Comtex SmarTrend(R) - Tue Jun 14, 12:50PM CDT
SmarTrend identified a Downtrend for Ampco-Pittsburgh (NYSE:AP) on May 9th, 2016 at $17.29. In approximately 1 month, Ampco-Pittsburgh has returned 25.04% as of today's recent price of $12.96.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces the Closing of New Credit Facility
BusinessWire - Mon May 23, 3:45PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) today announced the closing of a new five-year senior secured asset-based revolving credit facility of up to $100.0 million (the "Credit Facility", with a $50.0 million "accordion feature." For the Credit Facility, PNC Capital Markets LLC and F.N.B. Capital Markets served as Joint Lead Arrangers, First National Bank of Pennsylvania served as Syndication Agent, and Citizens Bank of Pennsylvania served as Documentation Agent. PNC Bank, National Association, will serve as Administrative Agent for the Credit Facility. K&L Gates LLP served as the Corporation's lead counsel. Clark Hill PLC served as lead counsel for PNC Bank, National Association.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces First Quarter Results
BusinessWire - Thu May 05, 4:36PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales of $63,578,000 for the three months ended March 31, 2016 compared to $65,087,000 for the three months ended March 31, 2015. For the first quarter of 2016, the Corporation incurred an operating loss of $4,963,000, including pre-tax transaction-related costs of approximately $1,800,000 and pre-tax purchase accounting impacts of approximately $1,600,000 associated with the acquisition of Akers AB and certain of its affiliated companies ("Akers" consummated on March 3, 2016. For the same period of the prior year, operating income approximated $502,000, which included a pre-tax curtailment charge of approximately $1,217,000 associated with a partial freezing of the U.S. defined benefit plan and benefited from a pre-tax credit of approximately $750,000 relating to the collection of accounts receivable previously written off. For the three months ended March 31, 2016, the Corporation incurred a net loss of $2,890,000 or $0.26 per common share which includes the after-tax impact of both transaction-related costs and purchase accounting of approximately $2,807,000 or $0.26 per common share. For the three months ended March 31, 2015, the Corporation earned net income of $72,000 or $0.01 per common share and includes an after-tax impact for the aforementioned curtailment charge and collection of accounts receivable previously written off of approximately $314,000 or $0.03 per common share.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Up 83.1% Since SmarTrend Uptrend Call (AP)
Comtex SmarTrend(R) - Tue May 03, 12:09AM CDT
SmarTrend identified an Uptrend for Ampco-Pittsburgh (NYSE:AP) on January 29th, 2016 at $10.33. In approximately 3 months, Ampco-Pittsburgh has returned 83.06% as of today's recent price of $18.91.
AP: 11.77 (+0.47)
Ampco-Pittsburgh First Quarter Results Conference Call
BusinessWire - Mon Apr 25, 4:16PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Friday, May 6, 2016 at 10:30 a.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2016.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces Appointment of Michael G. McAuley as Chief Financial Officer and Treasurer
BusinessWire - Mon Apr 25, 4:13PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) today announced the appointment of Michael G. McAuley as Chief Financial Officer (CFO) and Treasurer, effective April 25, 2016.
AP: 11.77 (+0.47), RTI: 28.26 (-0.70)
73.3% Return Seen to Date on SmarTrend Ampco-Pittsburgh Call (AP)
Comtex SmarTrend(R) - Mon Apr 25, 12:38PM CDT
SmarTrend identified an Uptrend for Ampco-Pittsburgh (NYSE:AP) on January 29th, 2016 at $10.33. In approximately 3 months, Ampco-Pittsburgh has returned 73.28% as of today's recent price of $17.90.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Shares Up 75.4% Since SmarTrend's Buy Recommendation (AP)
Comtex SmarTrend(R) - Fri Apr 15, 12:41PM CDT
SmarTrend identified an Uptrend for Ampco-Pittsburgh (NYSE:AP) on January 29th, 2016 at $10.33. In approximately 3 months, Ampco-Pittsburgh has returned 75.41% as of today's recent price of $18.12.
AP: 11.77 (+0.47)
Insiders Seeing Green With AP At New 52-Week High
MarketNewsVideo.com - Wed Apr 13, 3:07PM CDT
In trading on Wednesday, shares of Ampco-Pittsburgh Corp. touched a new 52-week high of $17.43/share.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Up 35.7% Since SmarTrend Uptrend Call (AP)
Comtex SmarTrend(R) - Thu Mar 31, 12:16AM CDT
SmarTrend identified an Uptrend for Ampco-Pittsburgh (NYSE:AP) on January 29th, 2016 at $10.33. In approximately 2 months, Ampco-Pittsburgh has returned 35.72% as of today's recent price of $14.02.
AP: 11.77 (+0.47)
Ampco-Pittsburgh declares dividend of USD0.18 per share for quarter
M2 - Fri Dec 18, 6:25AM CST
Ampco-Pittsburgh Corporation (NYSE:AP) announced on Friday that it will pay a dividend of USD0.18 per share on its common stock.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces Quarterly Dividend
BusinessWire - Thu Dec 17, 3:56PM CST
Ampco-Pittsburgh Corporation (NYSE: AP) today announced the declaration of a quarterly dividend of eighteen cents ($.18) per share on the common stock of the Corporation. The dividend will be paid on January 29, 2016 to shareholders of record on January 15, 2016.
AP: 11.77 (+0.47)
Ampco-Pittsburgh signs acquisition agreement for Akers AB for cash and stock
M2 - Thu Dec 03, 6:42AM CST
Ampco-Pittsburgh Corporation (NYSE:AP) revealed on Thursday the signing of a definitive agreement to acquire Akers AB and some of its affiliated companies.but not including its France and Belgium operations, from Altor Fund II GP Limited, private equity funds advised by Altor Equity Partners.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation to Acquire Akers AB
BusinessWire - Wed Dec 02, 4:12PM CST
Ampco-Pittsburgh Corporation (NYSE: AP) today announced that it has entered into a definitive agreement to acquire Akers AB and certain of its affiliated companies (excluding Akers AB's operations in France and Belgium) from Altor Fund II GP Limited. The acquisition is expected to approximately double the sales of Union Electric Steel Corporation, a wholly owned operating subsidiary of Ampco and a leading producer of forged and cast engineered products for the worldwide steel and aluminum industries. The base purchase price of $80 million (which is subject to certain post-closing adjustments) is payable $30 million in cash, $30 million in the form of a three-year note, and $20 million in shares of Ampco-Pittsburgh common stock. The stock portion of the consideration is subject to certain transfer and other restrictions. It is expected that this acquisition will be immediately accretive. The closing of the transaction, which is expected to occur in the first quarter of 2016, is subject to regulatory filings and closing conditions.
AP: 11.77 (+0.47)
CORRECTING and REPLACING Ampco-Pittsburgh Corporation to Present 2016-2018 Strategic Plan in New York on November 10
BusinessWire - Mon Nov 02, 4:40PM CST
In the first paragraph of the release, the time of the presentation should read 8:00 AM Eastern Standard Time.
AP: 11.77 (+0.47)
Ampco-Pittsburgh promotes Rose Hoover as president
M2 - Mon Nov 02, 8:10AM CST
Ampco-Pittsburgh Corporation (NYSE:AP) on Saturday disclosed the promotion of Rose Hoover as president from 1 August 2015.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces Election of Rose Hoover to President
BusinessWire - Fri Oct 30, 2:26PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) has announced the election of Rose Hoover to President of the Corporation effective August 1, 2015. She will continue to serve as Chief Administrative Officer.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces Second Quarter Results
BusinessWire - Wed Aug 03, 6:52AM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales for the three and six months ended June 30, 2016 of $93,301,000 and $156,879,000, respectively, compared to $59,973,000 and $125,060,000, respectively, for the three and six months ended June 30, 2015. The current year periods include sales of $40,441,000 and $53,024,000, respectively, for the three and six months ended June 30, 2016, associated with the March 3, 2016, acquisition of Akers AB and certain of its affiliated companies ("Akers"
. The Corporation reported a loss from operations of $4,856,000 and $9,819,000, respectively, for the three and six months ended June 30, 2016, compared to a loss from operations of $806,000 and $304,000 for the comparable prior year periods. The current year operating loss includes unfavorable pre-tax purchase accounting, transaction-related and other acquisition-related costs of approximately $3,000,000 and $6,400,000 for the three and six months ended June 30, 2016, respectively, related to the Akers acquisition. Net loss for the three and six months ended June 30, 2016, was $6,486,000 or $0.53 per common share and $9,376,000 or $0.81 per common share, respectively. Net loss for the three and six months ended June 30, 2015, equaled $520,000 or $0.05 per common share and $448,000 or $0.04, respectively. The income tax provision for the current year periods includes full valuation allowances recorded against the net deferred tax assets of certain of our international operations. AP: 11.77 (+0.47)
Ampco-Pittsburgh to Present at the East Coast IDEAS Investor Conference on June 28th in Boston
BusinessWire - Thu Jun 16, 3:27PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) today announced that John Stanik, Chief Executive Officer, will be presenting at the East Coast IDEAS Investor Conference on Tuesday, June 28, 2016, at the Boston Park Plaza in Boston, Massachusetts.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Has Returned 25.0% Since SmarTrend Recommendation (AP)
Comtex SmarTrend(R) - Tue Jun 14, 12:50PM CDT
SmarTrend identified a Downtrend for Ampco-Pittsburgh (NYSE:AP) on May 9th, 2016 at $17.29. In approximately 1 month, Ampco-Pittsburgh has returned 25.04% as of today's recent price of $12.96.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces the Closing of New Credit Facility
BusinessWire - Mon May 23, 3:45PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) today announced the closing of a new five-year senior secured asset-based revolving credit facility of up to $100.0 million (the "Credit Facility"
, with a $50.0 million "accordion feature." For the Credit Facility, PNC Capital Markets LLC and F.N.B. Capital Markets served as Joint Lead Arrangers, First National Bank of Pennsylvania served as Syndication Agent, and Citizens Bank of Pennsylvania served as Documentation Agent. PNC Bank, National Association, will serve as Administrative Agent for the Credit Facility. K&L Gates LLP served as the Corporation's lead counsel. Clark Hill PLC served as lead counsel for PNC Bank, National Association. AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces First Quarter Results
BusinessWire - Thu May 05, 4:36PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) reported sales of $63,578,000 for the three months ended March 31, 2016 compared to $65,087,000 for the three months ended March 31, 2015. For the first quarter of 2016, the Corporation incurred an operating loss of $4,963,000, including pre-tax transaction-related costs of approximately $1,800,000 and pre-tax purchase accounting impacts of approximately $1,600,000 associated with the acquisition of Akers AB and certain of its affiliated companies ("Akers"
consummated on March 3, 2016. For the same period of the prior year, operating income approximated $502,000, which included a pre-tax curtailment charge of approximately $1,217,000 associated with a partial freezing of the U.S. defined benefit plan and benefited from a pre-tax credit of approximately $750,000 relating to the collection of accounts receivable previously written off. For the three months ended March 31, 2016, the Corporation incurred a net loss of $2,890,000 or $0.26 per common share which includes the after-tax impact of both transaction-related costs and purchase accounting of approximately $2,807,000 or $0.26 per common share. For the three months ended March 31, 2015, the Corporation earned net income of $72,000 or $0.01 per common share and includes an after-tax impact for the aforementioned curtailment charge and collection of accounts receivable previously written off of approximately $314,000 or $0.03 per common share. AP: 11.77 (+0.47)
Ampco-Pittsburgh Up 83.1% Since SmarTrend Uptrend Call (AP)
Comtex SmarTrend(R) - Tue May 03, 12:09AM CDT
SmarTrend identified an Uptrend for Ampco-Pittsburgh (NYSE:AP) on January 29th, 2016 at $10.33. In approximately 3 months, Ampco-Pittsburgh has returned 83.06% as of today's recent price of $18.91.
AP: 11.77 (+0.47)
Ampco-Pittsburgh First Quarter Results Conference Call
BusinessWire - Mon Apr 25, 4:16PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Friday, May 6, 2016 at 10:30 a.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2016.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces Appointment of Michael G. McAuley as Chief Financial Officer and Treasurer
BusinessWire - Mon Apr 25, 4:13PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) today announced the appointment of Michael G. McAuley as Chief Financial Officer (CFO) and Treasurer, effective April 25, 2016.
AP: 11.77 (+0.47), RTI: 28.26 (-0.70)
73.3% Return Seen to Date on SmarTrend Ampco-Pittsburgh Call (AP)
Comtex SmarTrend(R) - Mon Apr 25, 12:38PM CDT
SmarTrend identified an Uptrend for Ampco-Pittsburgh (NYSE:AP) on January 29th, 2016 at $10.33. In approximately 3 months, Ampco-Pittsburgh has returned 73.28% as of today's recent price of $17.90.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Shares Up 75.4% Since SmarTrend's Buy Recommendation (AP)
Comtex SmarTrend(R) - Fri Apr 15, 12:41PM CDT
SmarTrend identified an Uptrend for Ampco-Pittsburgh (NYSE:AP) on January 29th, 2016 at $10.33. In approximately 3 months, Ampco-Pittsburgh has returned 75.41% as of today's recent price of $18.12.
AP: 11.77 (+0.47)
Insiders Seeing Green With AP At New 52-Week High
MarketNewsVideo.com - Wed Apr 13, 3:07PM CDT
In trading on Wednesday, shares of Ampco-Pittsburgh Corp. touched a new 52-week high of $17.43/share.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Up 35.7% Since SmarTrend Uptrend Call (AP)
Comtex SmarTrend(R) - Thu Mar 31, 12:16AM CDT
SmarTrend identified an Uptrend for Ampco-Pittsburgh (NYSE:AP) on January 29th, 2016 at $10.33. In approximately 2 months, Ampco-Pittsburgh has returned 35.72% as of today's recent price of $14.02.
AP: 11.77 (+0.47)
Ampco-Pittsburgh declares dividend of USD0.18 per share for quarter
M2 - Fri Dec 18, 6:25AM CST
Ampco-Pittsburgh Corporation (NYSE:AP) announced on Friday that it will pay a dividend of USD0.18 per share on its common stock.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces Quarterly Dividend
BusinessWire - Thu Dec 17, 3:56PM CST
Ampco-Pittsburgh Corporation (NYSE: AP) today announced the declaration of a quarterly dividend of eighteen cents ($.18) per share on the common stock of the Corporation. The dividend will be paid on January 29, 2016 to shareholders of record on January 15, 2016.
AP: 11.77 (+0.47)
Ampco-Pittsburgh signs acquisition agreement for Akers AB for cash and stock
M2 - Thu Dec 03, 6:42AM CST
Ampco-Pittsburgh Corporation (NYSE:AP) revealed on Thursday the signing of a definitive agreement to acquire Akers AB and some of its affiliated companies.but not including its France and Belgium operations, from Altor Fund II GP Limited, private equity funds advised by Altor Equity Partners.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation to Acquire Akers AB
BusinessWire - Wed Dec 02, 4:12PM CST
Ampco-Pittsburgh Corporation (NYSE: AP) today announced that it has entered into a definitive agreement to acquire Akers AB and certain of its affiliated companies (excluding Akers AB's operations in France and Belgium) from Altor Fund II GP Limited. The acquisition is expected to approximately double the sales of Union Electric Steel Corporation, a wholly owned operating subsidiary of Ampco and a leading producer of forged and cast engineered products for the worldwide steel and aluminum industries. The base purchase price of $80 million (which is subject to certain post-closing adjustments) is payable $30 million in cash, $30 million in the form of a three-year note, and $20 million in shares of Ampco-Pittsburgh common stock. The stock portion of the consideration is subject to certain transfer and other restrictions. It is expected that this acquisition will be immediately accretive. The closing of the transaction, which is expected to occur in the first quarter of 2016, is subject to regulatory filings and closing conditions.
AP: 11.77 (+0.47)
CORRECTING and REPLACING Ampco-Pittsburgh Corporation to Present 2016-2018 Strategic Plan in New York on November 10
BusinessWire - Mon Nov 02, 4:40PM CST
In the first paragraph of the release, the time of the presentation should read 8:00 AM Eastern Standard Time.
AP: 11.77 (+0.47)
Ampco-Pittsburgh promotes Rose Hoover as president
M2 - Mon Nov 02, 8:10AM CST
Ampco-Pittsburgh Corporation (NYSE:AP) on Saturday disclosed the promotion of Rose Hoover as president from 1 August 2015.
AP: 11.77 (+0.47)
Ampco-Pittsburgh Corporation Announces Election of Rose Hoover to President
BusinessWire - Fri Oct 30, 2:26PM CDT
Ampco-Pittsburgh Corporation (NYSE: AP) has announced the election of Rose Hoover to President of the Corporation effective August 1, 2015. She will continue to serve as Chief Administrative Officer.
AP: 11.77 (+0.47)
