Ampco-Pittsburgh Subsidiary Books $28M in January Orders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 03 2026
0mins
Should l Buy AP?
Ampco-Pittsburgh announced that its wholly owned subsidiary, Air and Liquid Systems Corporation, booked $28M in customer orders during January 2026. This performance marks the highest monthly order volume in the subsidiary's history, surpassing the previous record by $7M - a 33% increase. The surge in activity reflects sustained demand for the company's specialized, custom-engineered solutions across key industrial sectors. Overall, Ampco-Pittsburgh's customer orders were $49M for the month. "We are seeing an incredibly strong start to the year for our Air and Liquid business," said Brett McBrayer, Ampco-Pittsburgh's Chief Executive Officer. "This record-breaking activity was driven by significant new orders from both the military and pharmaceutical markets. The momentum underscores the value of our custom-engineered products and the robust demand within these critical industries."
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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. 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.
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- Segment Performance: Both operating segments experienced growth, with the Forged and Cast Engineered Products segment seeing an 18% year-over-year increase in orders, while the Air and Liquid Processing segment surged by 73%, highlighting the company's competitive strength across different market areas.
- Positive Market Reaction: Following the significant order activity growth, Ampco-Pittsburgh's stock rose 2.42% in premarket trading to $8.05, reflecting investor optimism regarding the company's future performance.
- Strategic Implications: This growth trend not only strengthens the company's position in the industry but also lays the groundwork for future profitability and market share expansion, particularly in the context of rising demand.
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- Order Activity Surge: Ampco-Pittsburgh reported a 38% year-over-year increase in order activity for the first two months of 2026, with the Forged and Cast Engineered Products segment up 18% and the Air and Liquid Processing segment soaring 73%, indicating robust demand across multiple markets.
- Market Recovery: CEO Brett McBrayer highlighted that demand for Forged Engineered Products has surged due to recent tariffs, while traditional rolled products are recovering from a temporary pause in the latter half of 2025, reflecting the market's adjustment to the new trade landscape.
- Strategic Restructuring Success: By eliminating underperforming locations at the end of 2025, Ampco-Pittsburgh has fundamentally strengthened its operational foundation and is now focused on markets with the highest long-term growth potential, which is expected to drive further growth in the upcoming quarters.
- Positive Industry Outlook: The sustained strong demand for air and liquid processing products from sectors such as nuclear, military, pharmaceuticals, and data centers indicates Ampco-Pittsburgh's increasing competitiveness and market share in the high-performance metal products sector.
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- Order Activity Growth: Ampco-Pittsburgh reported a 38% increase in order activity for the first two months of 2026 compared to the same period last year, indicating a robust recovery in overall business and market demand.
- Segment Performance: Both operating segments experienced growth, with the Forged and Cast Engineered Products segment seeing an 18% year-over-year increase in orders, while the Air and Liquid Processing segment surged by 73%, highlighting the company's competitive strength across different market areas.
- Positive Market Reaction: Following the significant order activity growth, Ampco-Pittsburgh's stock rose 2.42% in premarket trading to $8.05, reflecting investor optimism regarding the company's future performance.
- Strategic Implications: This growth trend not only strengthens the company's position in the industry but also lays the groundwork for future profitability and market share expansion, particularly in the context of rising demand.
See More
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- Order Activity Surge: Ampco-Pittsburgh reported a 38% year-over-year increase in order activity for the first two months of 2026, with the Forged and Cast Engineered Products segment up 18% and the Air and Liquid Processing segment soaring 73%, indicating robust demand across multiple markets.
- Market Recovery: CEO Brett McBrayer highlighted that demand for Forged Engineered Products has surged due to recent tariffs, while traditional rolled products are recovering from a temporary pause in the latter half of 2025, reflecting the market's adjustment to the new trade landscape.
- Strategic Restructuring Success: By eliminating underperforming locations at the end of 2025, Ampco-Pittsburgh has fundamentally strengthened its operational foundation and is now focused on markets with the highest long-term growth potential, which is expected to drive further growth in the upcoming quarters.
- Positive Industry Outlook: The sustained strong demand for air and liquid processing products from sectors such as nuclear, military, pharmaceuticals, and data centers indicates Ampco-Pittsburgh's increasing competitiveness and market share in the high-performance metal products sector.
See More
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- Buyback Timeline: The normal course issuer bid (NCIB) will commence on February 26, 2026, and expire on February 25, 2027, providing the company with flexibility to respond to market changes and optimize its capital structure.
- Historical Buyback Performance: Under its previous NCIB launched on February 26, 2025, Allied was authorized to buy back up to 12.62 million units, repurchasing 1,062 units at a weighted average price of $16.86 per unit, reflecting the company's cautious approach to capital management.
- Strategic Implications: This buyback not only allows Allied to meet employee program needs but may also enhance earnings per share by reducing the number of units in circulation, thereby boosting investor confidence and supporting stock price stability.
See More
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- Net Loss Situation: The company recorded a net and comprehensive loss of $1.0117 billion, reflecting significant pressure on its financial health due to operational costs and market challenges, which may impact investor confidence moving forward.
- Future Outlook: Despite the financial hurdles, management anticipates a smoother development phase in 2026, suggesting that the company is implementing measures to enhance operational efficiency and financial health, potentially attracting long-term investor interest.
- Market Reaction: The market's response to the earnings report may be influenced by the net loss, as the revenue beat could be overshadowed by ongoing losses, leading to stock price volatility, prompting investors to closely monitor subsequent strategic adjustments and market performance.
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- Conference Call Timing: The company has scheduled a conference call for February 11, 2026, at 10:00 a.m. (ET) to discuss the financial results, enhancing transparency and communication with investors.
- Access Information: Investors can join the call by dialing 1 (800) 715-9871 or (647) 932-3411, with conference ID #2415499, ensuring smooth access for participants.
- Webcast and Archiving: The conference will be available via live audio webcast on the company’s website, with the recording archived for 90 days, allowing investors who cannot attend live to review the discussion.
See More
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- Payment Date: The distribution will be payable on February 17, 2026, to unitholders of record as of January 30, 2026, ensuring timely returns for investors and bolstering investor confidence.
- Company Positioning: As a leading owner-operator of distinctive urban workspace in Canada's major cities, Allied is committed to providing sustainable work environments for knowledge-based organizations, showcasing its competitive advantage in the market.
- Corporate Mission: Allied's mission focuses on creating workspaces that promote human wellness, creativity, connectivity, and diversity, aiming to continuously contribute to cities and culture, thereby enhancing human value.
See More
