Ampco-Pittsburgh Customer Orders Reach $268 Million in First Half of 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Ampco-Pittsburgh "announced that customer order activity during the first six months of 2026 totaled approximately $268 million, an increase of 32% compared to approximately $204 million for the same period in 2025. The increase in customer order activity reflected strength across both of the Company's operating segments. During the first six months of 2026, Forged and Cast Engineered Products experienced customer order activity of approximately $153 million, up 25% compared to the prior-year period, while Air and Liquid Processing experienced customer order activity of approximately $116 million, up 42% year over year. Within FCEP, the Company continues to see improving order activity for roll products, particularly in North America, while demand for its specialty forged engineered products remains solid. The recent quota and tariff protections in Europe will positively impact production of steel in one of our largest markets."
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Analyst Views on AP
About AP
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. The Company's segments include Forged and Cast Engineered Products (FCEP) and Air and Liquid Processing (ALP). The FCEP segment produces forged hardened steel rolls, cast rolls and forged engineered products (FEP). Forged hardened steel rolls are used primarily in hot and cold rolling mills. Cast rolls, which are produced in a variety of iron and steel qualities. The ALP segment includes Aerofin, Buffalo Air Handling and Buffalo Pumps, all divisions of Air & Liquid Systems Corporation, a subsidiary of the Company. Aerofin produces custom-engineered finned tube heat exchange coils and related heat transfer products for a variety of industries, including original equipment manufacturers and commercial, nuclear power generation and industrial manufacturing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ampco-Pittsburgh Sees 32% Order Growth in H1 2026
- Strong Order Activity: Ampco-Pittsburgh reported a 32% year-over-year increase in customer order activity for H1 2026, reaching $268 million, reflecting robust performance across both operating segments, particularly in the North American market.
- Forged and Cast Products: The Forged and Cast Engineered Products segment saw a 25% year-over-year increase in orders to $153 million in H1 2026, indicating solid market demand, especially for roll products, which continues to improve.
- Air and Liquid Processing: Orders in the Air and Liquid Processing segment surged 42% to $116 million, driven by demand for commercial pumps supporting the power generation market and U.S. Navy programs, showcasing significant growth potential in this area.
- Historic Orders: Buffalo Air Handling secured the largest air handling equipment order in its history during H1, enhancing the company's market position and laying a strong foundation for future business growth.
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- Product Line Performance: Forged and Cast Engineered Products (FCEP) orders reached $153 million, up 25% year-over-year, while Air and Liquid Processing recorded $116 million in orders, a 42% increase, demonstrating the company's sustained competitiveness in the market.
- Strong Market Demand: Strengthened demand for roll products in North America and recent quota and tariff protections in Europe are expected to further support steel production, solidifying the company's market position in these regions.
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- Strong Order Activity: Ampco-Pittsburgh reported a 32% year-over-year increase in customer order activity for H1 2026, reaching $268 million, reflecting robust performance across both operating segments, particularly in the North American market.
- Forged and Cast Products: The Forged and Cast Engineered Products segment saw a 25% year-over-year increase in orders to $153 million in H1 2026, indicating solid market demand, especially for roll products, which continues to improve.
- Air and Liquid Processing: Orders in the Air and Liquid Processing segment surged 42% to $116 million, driven by demand for commercial pumps supporting the power generation market and U.S. Navy programs, showcasing significant growth potential in this area.
- Historic Orders: Buffalo Air Handling secured the largest air handling equipment order in its history during H1, enhancing the company's market position and laying a strong foundation for future business growth.
See More
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- Positive Market Reaction: The significant price increase reflects a restoration of investor confidence in Lion Group, potentially linked to recent strategic adjustments or market dynamics, thereby strengthening its position in a competitive landscape.
- Increased Investor Attention: With the stock's rebound, market interest in Lion Group has notably risen, likely attracting more investors and further driving up the stock price while enhancing liquidity.
- Potential Growth Opportunities: The rebound in Lion Group's stock price may signal more growth opportunities ahead, prompting investors to monitor its subsequent financial performance and market strategies to assess long-term investment value.
See More
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- Walmart Market Performance: Walmart's stock increased by 17% in the past year, surpassing the 12.9% growth of the supermarket sector, with its robust store network and digital transformation enhancing customer experience, despite potential short-term profitability impacts from fuel costs and policy uncertainties.
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- Order Activity Growth: Ampco-Pittsburgh reported approximately $268 million in customer orders for the first half of 2026, representing a 32% increase from $204 million in the same period of 2025, indicating robust demand across multiple markets.
- Product Line Performance: Forged and Cast Engineered Products (FCEP) orders reached $153 million, up 25% year-over-year, while Air and Liquid Processing recorded $116 million in orders, a 42% increase, demonstrating the company's sustained competitiveness in the market.
- Strong Market Demand: Strengthened demand for roll products in North America and recent quota and tariff protections in Europe are expected to further support steel production, solidifying the company's market position in these regions.
- Historic Order Achievement: Buffalo Air Handling secured the largest air handling equipment order in its history during the first half of 2026, reflecting strong demand in power generation and U.S. Navy programs, which enhances future growth potential.
See More
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- Executive Appointment: Allied Properties announced the appointment of Craig MacIntyre as the new Senior Vice President and Chief Financial Officer, effective July 29, 2026, aiming to strengthen the company's financial management and strategic development.
- Experience Background: MacIntyre brings nearly two decades of real estate and capital markets experience, most recently serving as Vice President of Investments and Corporate Development at Choice Properties REIT, and his extensive industry background is expected to provide Allied Properties with new perspectives and growth opportunities.
- Successor Background: MacIntyre succeeds Nanthini Mahalingam, who made significant contributions to the implementation of financial strategies during her tenure, and this change may influence the company's financial policies and future direction.
- Market Reaction: The market has responded positively to this appointment, with investors anticipating that MacIntyre will leverage his expertise to enhance the company's performance in the competitive real estate market, thereby increasing shareholder value.
See More
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- Financial Overview: Ampco-Pittsburgh reported Q1 net sales of $108.3 million, a 3.9% increase year-over-year, but adjusted EBITDA fell to $8 million, primarily due to ramp-up costs in Sweden and a weaker mix in Forged and Cast products, indicating challenges in restoring profitability.
- Product Line Growth: Despite the overall EBITDA decline, the Air and Liquid Processing (ALP) segment achieved record adjusted EBITDA and customer orders, demonstrating strong performance under robust demand, which may support future revenue growth for the company.
- Market Dynamics Shift: The company maintains a dominant position in supplying heat exchangers to the nuclear market, while a European competitor is in receivership and a South American competitor has exited the cast roll market, providing Ampco-Pittsburgh with opportunities to expand market share and enhance competitiveness.
- Future Outlook: Management anticipates a stronger remainder of 2026, particularly with large roll orders recovering in Q2, targeting an annual adjusted EBITDA improvement of $7 million to $8 million, while planning to reduce debt by $8 million to $10 million in 2026, reflecting a commitment to financial health.
See More
