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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
CEO
James Brett McBrayer
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
ITTFlowserveXylemIdexColfaxGracoGorman-Rupp ...
SEC CIK
IRS number
251117717

AP stock data

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Calendar

26 Mar 21
12 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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

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 Prev Q Change
Total holders 19 39 -51.3%
Opened positions 3 8 -62.5%
Closed positions 23 3 +666.7%
Increased positions 1 13 -92.3%
Reduced positions 13 7 +85.7%
13F shares
Current Prev Q Change
Total value 8.98M 27.88M -67.8%
Total shares 6.8M 13.4M -49.2%
Total puts 0 0
Total calls 1.6K 1.6K
Total put/call ratio
Largest owners
Shares Value Change
GBL Gamco Investors 2.23M $1.96M -50.0%
Susquehanna International 1.28M $1.12M -2.8%
AMP Ameriprise Financial 1.11M $974K -57.0%
Gabelli Funds 800K $704K -50.7%
Dimensional Fund Advisors 648.35K $3.55M -2.3%
RBF Capital 211.65K $186K +0.3%
Invenomic Capital Management 193.74K $171K -32.1%
Warberg Asset Management 92.9K $40K NEW
Yakira Capital Management 58.54K $52K -5.8%
TETAA Teton Advisors 47K $41K -46.6%
Largest transactions
Shares Bought/sold Change
GBL Gamco Investors 2.23M -2.23M -50.0%
AMP Ameriprise Financial 1.11M -1.47M -57.0%
Gabelli Funds 800K -823.12K -50.7%
Vanguard 0 -609.27K EXIT
Renaissance Technologies 0 -604.92K EXIT
BLK Blackrock 0 -223.96K EXIT
Geode Capital Management 0 -124.87K EXIT
Acadian Asset Management 0 -101.12K EXIT
Warberg Asset Management 92.9K +92.9K NEW
Invenomic Capital Management 193.74K -91.58K -32.1%

Financial report summary

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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
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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