AP News & Events

Ampco-Pittsburgh announced that its wholly owned subsidiary, Air and Liquid Systems Corporation, booked $28M in customer orders during January 2026. This performance marks the highest monthly order volume in the subsidiary's history, surpassing the previous record by $7M - a 33% increase. The surge in activity reflects sustained demand for the company's specialized, custom-engineered solutions across key industrial sectors. Overall, Ampco-Pittsburgh's customer orders were $49M for the month. "We are seeing an incredibly strong start to the year for our Air and Liquid business," said Brett McBrayer, Ampco-Pittsburgh's Chief Executive Officer. "This record-breaking activity was driven by significant new orders from both the military and pharmaceutical markets. The momentum underscores the value of our custom-engineered products and the robust demand within these critical industries."

Reports Q3 revenue $108.0M vs. $96.2M last year. Commenting on the quarter, Ampco-Pittsburgh's CEO, Brett McBrayer, said, "Roll pricing and volume growth at higher margins in the Air and Liquid Processing segment have been key factors in our adjusted EBITDA improvement. While the steel cycle remains sluggish, forged engineered products sales have recently helped to counterbalance. The major headline is that we have taken definitive steps to right-size our operating footprint with demand. In mid-October we accelerated and completed the exit from our U.K. cast roll facility and before the end of the year we expect to complete the exit from a small steel distribution business. In doing so, we will have fundamentally changed the earnings power of our portfolio. We expect $7 to $8 million per full year Adjusted EBITDA improvement following the U.K. exit. As trade policy further clarifies for our steel customers, we are well positioned for sustainable elevated profitability prior to heading into 2026."

Ampco-Pittsburgh reported that on November 5, its board of directors elected David Anderson to the position of Vice President, CFO, Treasurer and Assistant Secretary, effective January 1, 2026, succeeding Michael McAuley, who will assume the role of Strategic Advisor to the CEO until his planned retirement June 30, 2026. Anderson will also retain his current role as President of Air & Liquid Systems Corporation, a wholly-owned subsidiary of Ampco-Pittsburgh.