Story
Ampco-Pittsburgh Shares Rise on 32% Surge in Customer Orders
Summary
Ampco-Pittsburgh Corporation (NYSE:AP) stock rose after the company announced a 32% year-over-year increase in customer order activity for the first half of 2026, driven by growth in both of its operating segments.
Shares of Ampco-Pittsburgh Corporation rose 12% in after-hours trading on Wednesday following an announcement of a significant increase in customer orders. The company reported approximately $268 million in customer order activity for the first six months of 2026, a 32% increase from the $204 million recorded in the same period last year.
The growth was observed across both of the company's business segments. The Forged and Cast Engineered Products segment saw customer orders of approximately $153 million, a 25% increase year-over-year. The company noted improved activity for roll products in North America and solid demand for specialty forged engineered products. It also anticipates a positive impact from recent quota and tariff protections on European steel production.
The Air and Liquid Processing segment experienced even stronger growth, with orders of approximately $116 million, up 42% compared to the prior year. This increase was attributed to demand for commercial pumps for the power generation market, pumps supporting U.S. Navy programs, and continued strength in its air handling business. The company's Buffalo Air Handling unit secured the largest order in its history during this period.
Ad"We are pleased by the continued improvement in customer order activity during the first half of 2026," said Brett McBrayer, CEO of Ampco-Pittsburgh. "The increase reflects improving demand across several of our key end markets and continued execution by our teams. Together with our healthy backlog, these trends emphasize our confidence in the direction of the business."