|
|
 | | | |
- close
- close
- close
- close
This excerpt taken from the AP 8-K filed Jul 28, 2009. Ampco-Pittsburgh
Announces Earnings for the Second Quarter.
Ampco-Pittsburgh
Corporation (NYSE: AP) announces sales for the three and six months ended June
30, 2009 of $74,979,000 and $160,734,000, respectively, against $102,689,000 and
$200,519,000 for the comparable prior year periods. Net income for
the three months ended June 30, 2009 and 2008 was $7,793,000 or $0.77 per share
and $11,609,000 or $1.14 per share, respectively, and for the six months ended
June 30, 2009 and 2008 was $15,112,000 or $1.48 per share and $21,752,000 or
$2.14 per share. Income from operations approximated $12,755,000 and
$26,296,000 for the three and six months ended June 30, 2009, respectively,
against $17,751,000 and $33,571,000 for the same periods in
2008.
Operating results for the quarter
and year-to-date for the Forged and Cast Rolls segment were solid but continue
to be impacted by the deferral of orders from customers throughout the world.
Earnings for the Air and Liquid Processing group improved slightly from the
comparable prior year periods as a result of a more favorable product mix and
lower material costs.
The global economic environment
remains weak; however, the Corporation continues to maximize opportunities as
they occur. Additionally, the financial condition of the Corporation is
strong.
The matters
discussed herein may contain forward-looking statements that are subject to
risks and uncertainties that could cause actual results to differ materially
from expectations. Some of these risks are set forth in the Corporation's Annual
Report on Form 10-K as well as the Corporation's other reports filed with the
Securities and Exchange Commission.
|
| |||||||
