AP Ampco-Pittsburgh
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Company profile
Ticker
AP, AP-WT
Exchange
Website
CEO
James Brett McBrayer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
251117717
AP stock data
()
News
Top 20 Trending Stocks On WallStreetBets As Of Tuesday, Apr. 6, 2021 (Via Swaggy Stocks)
6 Apr 21
Top 20 Trending Stocks On WallStreetBets As Of Tuesday, Mar. 23, 2021 (Via Swaggy Stocks)
23 Mar 21
Top 20 Trending Stocks On WallStreetBets As Of Friday, Mar. 19, 2021 (Via Swaggy Stocks)
19 Mar 21
Ampco-Pittsburgh: Q4 Earnings Insights
18 Mar 21
Ampco-Pittsburgh Q4 EPS $0.12 Beats $0.05 Estimate, Sales $87.03M Beat $86.10M Estimate
18 Mar 21
Calendar
26 Mar 21
12 Apr 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Diluted EPS |
Financial data from company earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 16.84M | 16.84M | 16.84M | 16.84M | 16.84M | 16.84M |
Cash burn (monthly) | 479.33K | (positive/no burn) | (positive/no burn) | (positive/no burn) | 103K | (positive/no burn) |
Cash used (since last report) | 1.64M | n/a | n/a | n/a | 352.09K | n/a |
Cash remaining | 15.2M | n/a | n/a | n/a | 16.49M | n/a |
Runway (months of cash) | 31.7 | n/a | n/a | n/a | 160.1 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Feb 21 | Lyon Samuel | Common Stock | Payment of exercise | Dispose F | No | No | 7.36 | 2,160 | 15.9K | 45,697 |
30 Sep 20 | CRAWFORD UNITED | Common Stock | Buy | Aquire P | No | No | 3.5672 | 4,303 | 15.35K | 280,000 |
29 Sep 20 | CRAWFORD UNITED | Common Stock | Buy | Aquire P | No | No | 3.5334 | 41,400 | 146.28K | 275,697 |
22 Sep 20 | Abel James J | Common Stock | Aquire X | No | No | 3.5 | 17,081 | 59.78K | 78,347 | |
22 Sep 20 | Abel James J | Series A Warrant Common Stock | Aquire X | No | No | 2.5668 | 38,266 | 98.22K | 38,266 | |
22 Sep 20 | Abel James J | Subscription Rights Units consisting of Common Stock and Series A Warrants | Dispose X | No | No | 1.5624 | 38,266 | 59.79K | 0 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
36.1% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 19 |
Opened positions | 3 |
Closed positions | 23 |
Increased positions | 1 |
Reduced positions | 13 |
13F shares |
Current |
---|---|
Total value | 8.98M |
Total shares | 6.8M |
Total puts | 0 |
Total calls | 1.6K |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
GBL Gamco Investors | 2.23M | $1.96M |
Susquehanna International | 1.28M | $1.12M |
AMP Ameriprise Financial | 1.11M | $974K |
Gabelli Funds | 800K | $704K |
Dimensional Fund Advisors | 648.35K | $3.55M |
RBF Capital | 211.65K | $186K |
Invenomic Capital Management | 193.74K | $171K |
Warberg Asset Management | 92.9K | $40K |
Yakira Capital Management | 58.54K | $52K |
TETAA Teton Advisors | 47K | $41K |
Financial report summary
?Risks
- Risks Related to Our Business and Industry
- Cyclical demand for products and economic downturns could reduce the demand for, and sales of, our products, which could adversely affect our margins and profitability.
- Excess global capacity in the steel industry could lower prices for our products, which could adversely affect our sales, margins and profitability, as well as collectability of receivables and salability of in-process inventory.
- A reduction in the level of export sales, as well as other economic factors in foreign countries, could have an adverse impact on our financial results.
- Fluctuation of the value of the U.S. dollar relative to other currencies could adversely affect our business, results of operations and financial condition.
- Commodity price increases, as well as any reductions in electricity, gas supply or shortage of key production materials, could adversely impact our production, which could result in lower profitability or higher losses.
- A work stoppage or another industrial action on the part of any of our unions could be disruptive to our operations.
- Dependence on certain equipment may cause an interruption in our production if such equipment is out of operation for an extended period of time, which could result in lower sales and profitability.
- The ultimate liability of our subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of our subsidiaries could have a material adverse effect on our financial condition or liquidity in the future.
- A change in the existing regulatory environment could negatively affect our operations and financial performance.
- New trade restrictions and regulatory burdens associated with “Brexit” could adversely impact our operations and financial performance.
- We may not be able to achieve expected benefits of restructuring our operations or consummating future divestitures of operations which become non-core to our portfolio.
- We could face limitations in availability of capital to fund our strategic plans, including plant and equipment modernization. Additionally, deterioration in our credit profile or increases in interest rates could increase our costs of borrowing and further limit our access to the capital markets and commercial credit.
- We have significant international operations and sales, and face risks related to global health epidemics such as the coronavirus.
- The COVID-19 pandemic has caused disruptions in manufacturing industries.
- Risks Related to Ownership of Our Securities
- Actions of activist shareholders with respect to us or our securities could be disruptive and potentially costly and the possibility that activist shareholders may contest, or seek changes that conflict with, our strategic direction could cause uncertainty about the strategic direction of our business.
- We may not continue to satisfy the continued listing requirements of the New York Stock Exchange and NYSE American for our common stock and Series A warrants, respectively.
- Holders of Series A warrants will have no rights as holders of common stock until they exercise their Series A warrants and acquire common stock.
- The market price of our common stock may not exceed the exercise price of the Series A warrants at such time as the holder desires to exercise such Series A warrants.
- We have not declared dividends since mid-2017 and do not expect to declare dividends in the future. Any return on the investment in our common stock may be limited to the value of our common stock.
- Because the Series A warrants are executory contracts, they may have no value in a bankruptcy or reorganization proceeding.
- Potential attacks on information technology infrastructure and other cyber-based business disruptions could have a material adverse effect on our financial condition and results of operations.
- If we fail to maintain an effective system of internal control, we may not be able to accurately determine our financial results or prevent fraud. As a result, our shareholders could lose confidence in our financial results, which could harm the business and the value of our securities.
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Bad
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New words:
absenteeism, accuracy, activist, adjudicated, advantage, Aid, ARPA, attempt, Bachelor, Bastyr, Behavioral, Biden, bond, border, bottomed, bring, CDA, Commonwealth, confidence, confirmation, conflict, contest, costly, county, culture, devote, discourage, discover, disease, divert, doctrine, duration, duty, effort, embracing, emergency, emerging, enjoy, essential, exacerbating, executory, exploited, Facilitation, FCEP, fiduciary, foreseeable, forum, furlough, furloughed, furloughing, goal, harm, heightened, holder, Homeland, implicit, inapplicable, incidence, inoperability, insufficient, knowledge, Lagging, led, macroeconomic, mandated, manifested, manner, modernization, month, OSHA, pandemic, parent, payroll, PBCL, perception, placement, postponing, prevailing, proceeding, prompted, prosperity, pursuit, quickly, rapid, recession, rejection, renegotiate, reorganization, repayment, Rescue, resell, residual, resume, safety, Satisfaction, science, show, showed, sitting, skill, social, source, speed, statistically, stemming, strength, teamwork, Tennessee, training, UCI, unenforceable, unreported, validity, valuable, vi, warrant, workforce, WS
Removed:
acquisition, amortize, Appointment, Canadian, carry, classification, converting, default, expired, forging, freeze, GILTI, Goodrich, Hamilton, hire, integration, LLP, lump, matching, maximizing, minimizing, November, participant, practical, preceding, proceed, provisional, Rabinovitz, ratification, reached, recently, referenced, relationship, relied, remeasurement, repatriation, retrospective, revaluation, salaried, Seal, sum, support, unknown, untaxed, upstream, Vertical
Financial reports
10-K
2020 FY
Annual report
26 Mar 21
10-Q
2020 Q3
Quarterly report
16 Nov 20
10-Q
2020 Q2
Quarterly report
10 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
16 Mar 20
10-Q
2019 Q3
Quarterly report
8 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
10 May 19
10-K
2018 FY
Annual report
18 Mar 19
10-Q
2018 Q3
Quarterly report
9 Nov 18
Current reports
8-K
Results of Operations and Financial Condition
18 Mar 21
8-K
Results of Operations and Financial Condition
16 Nov 20
8-K
Ampco-Pittsburgh Corporation Announces Second Quarter 2020 Results
5 Aug 20
8-K
Entry into a Material Definitive Agreement
24 Jun 20
8-K
Regulation FD Disclosure
2 Jun 20
8-K
Submission of Matters to a Vote of Security Holders
8 May 20
8-K
Ampco-Pittsburgh Corporation Announces First Quarter 2020 Results
6 May 20
8-K
Regulation FD Disclosure
16 Mar 20
8-K
Ampco-Pittsburgh Corporation Announces Fourth Quarter and Full Year 2019 Results
11 Mar 20
8-K
Changes in Registrant's Certifying Accountant
10 Mar 20
Registration and prospectus
8-A12B
Registration of securities on exchange
21 Sep 20
FWP
Free writing prospectus
17 Sep 20
424B3
Prospectus supplement
17 Aug 20
S-1/A
IPO registration (amended)
13 Aug 20
S-1/A
IPO registration (amended)
21 Jul 20
S-1
IPO registration
26 Jun 20
RW
Registration withdrawal request
10 Jul 19
S-1
IPO registration
26 Sep 18
S-3
Shelf registration
18 Jan 18
S-8
Registration of securities for employees
8 May 16
Proxies
DEFC14A
Proxy in contested situation
26 Mar 21
PREC14A
Preliminary proxy with contested solicitation
12 Mar 21
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEF 14A
Definitive proxy
27 Mar 20
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 19
PRE 14A
Preliminary proxy
11 Mar 19
DEF 14A
Definitive proxy
25 Mar 18
DEFA14A
Additional proxy soliciting materials
25 Mar 18
DEF 14A
Definitive proxy
23 Mar 17
Other
EFFECT
Notice of effectiveness
14 Aug 20
CORRESP
Correspondence with SEC
12 Aug 20
UPLOAD
Letter from SEC
29 Jun 20
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
23 May 19
SD
Conflict minerals disclosure
11 May 18
EFFECT
Notice of effectiveness
12 Feb 18
CORRESP
Correspondence with SEC
8 Feb 18
UPLOAD
Letter from SEC
8 Feb 18
SD
Conflict minerals disclosure
22 May 17
Ownership
SC 13D/A
AMPCO PITTSBURGH / 2006 Irrevocable Trust of Laura W. Van Loan for the Benefit of Mary M. Crawford ownership change
8 Apr 21
SC 13D/A
AMPCO PITTSBURGH / GAMCO INVESTORS, INC. ET AL ownership change
19 Mar 21
SC 13D/A
AMPCO PITTSBURGH / GAMCO INVESTORS, INC. ET AL ownership change
16 Mar 21
SC 13G/A
AMPCO PITTSBURGH / DIMENSIONAL FUND ADVISORS ownership change
12 Feb 21
4
AMPCO PITTSBURGH / Samuel Lyon ownership change
5 Feb 21
SC 13D/A
AMPCO PITTSBURGH / 2006 Irrevocable Trust of Laura W. Van Loan for the Benefit of Mary M. Crawford ownership change
1 Feb 21
SC 13G/A
AMPCO PITTSBURGH / AMERIPRISE FINANCIAL ownership change
11 Jan 21
SC 13G/A
AMPCO PITTSBURGH / AMERIPRISE FINANCIAL ownership change
9 Oct 20
SC 13D/A
AMPCO PITTSBURGH / Louis Berkman Investment ownership change
6 Oct 20
4
Change in insider ownership
1 Oct 20
Transcripts
2020 Q4
Earnings call transcript
18 Mar 21
2020 Q3
Earnings call transcript
17 Nov 20
2020 Q2
Earnings call transcript
9 Aug 20
2020 Q1
Earnings call transcript
10 May 20
2019 Q4
Earnings call transcript
12 Mar 20
2019 Q3
Earnings call transcript
10 Nov 19
2019 Q2
Earnings call transcript
9 Aug 19
2019 Q1
Earnings call transcript
10 May 19
2018 Q4
Earnings call transcript
14 Mar 19
2018 Q3
Earnings call transcript
10 Nov 18
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