Ampco-Pittsburgh (AP) Reports Q1 Loss Per Share of $0.26
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Ampco-Pittsburgh Corporation Announces First Quarter Results
May 5, 2016 5:36 PM EDTCARNEGIE, Pa.--(BUSINESS WIRE)-- Ampco-Pittsburgh Corporation (NYSE: AP) reported sales of $63,578,000 for the three months ended March 31, 2016 compared to $65,087,000 for the three months ended March 31, 2015. For the first quarter of 2016, the Corporation incurred an operating loss of $4,963,000, including pre-tax transaction-related costs of approximately $1,800,000 and pre-tax purchase accounting impacts of approximately $1,600,000 associated with the acquisition of Ã…kers AB and certain of its affiliated companies (Ã…kers) consummated on March 3, 2016. For the same period of the prior year, operating income approximated $502,000, which included a pre-tax curtailment charge of approximately $1,217,000 associated with a partial freezing... More
