Mar. 9 at 1:22 PM
$AP Stock is still only trading at 5x EBITDA and .4x sales. Cheap with great order growth!
Ampco-Pittsburgh Corporation ( AP ) (“Ampco-Pittsburgh”) today announced that its order activity in the first two months of 2026 increased 38% versus the same period last year. Both of Ampco-Pittsburgh’s operating segments saw increased activity as the Forged and Cast Engineered Products segment’s order activity increased 18% year over year while the Air and Liquid Processing segment saw order activity increase 73% year over year.
"Customer order activity has increased across multiple markets in the first two months of the year. Demand for our Forged Engineered Products (FEP)—our specialized non-rolled product line—has increased significantly in response to recent tariffs. At the same time, demand for our traditional roll products is recovering from the temporary pause we saw in the second half of 2025 as the market adjusted to the new trade landscape. Our Air and Liquid Processing segment is also seeing exceptionally strong, sustained demand from the nuclear, military, pharmaceutical, and data center sectors," said Brett McBrayer, Ampco-Pittsburgh’s Chief Executive Officer. “The momentum we are seeing in early 2026 validates the strategic steps we took in late 2025. By eliminating underperforming locations, we have fundamentally strengthened our operational foundation and are now focused on markets with the highest long-term growth potential. This performance reinforces our confidence that Ampco-Pittsburgh ( AP ) is well-positioned to grow even stronger in the quarters ahead."