AP News & Events

Reports that the easing chokehold on a critical global energy supply that is the Straight of Hormuz helped sentiment recover on Monday as WTI Crude Oil prices fell over $7 below $93 per barrel and major indices bounced for the first time in five trading sessions.   Some of the higher-beta areas of the market outperformed and even Energy names traded firmer, while the more defensively oriented consumer staples underperformed.  Tech Hardware and Semis were especially strong, with names like Sandiskup 6.4% and Micronup 3.7% approaching 2026 highs.In the opening hour of the evening session, sentiment is less exuberant - both S&P 500 and Nasdaq 100 futures are down by over a decimal.   WTI has also come off its Monday lows to trade above $94.50, while precious metals are seeing little volatility as USD rally appears to have stalled.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Babcock & Wilcox Enterprisesup 8.5%ALSO HIGHER -New Era Energy & Digitalup 8.9% after naming new CFODOWN AFTER EARNINGS -Bakktdown 6.6%Ampco-Pittsburghdown 6.0%ALSO LOWER -LENSARdown 24.2% after terminating Alcon mergerRhythm Pharmaceuticalsdown 5.0% after announcing EMANATE trial substudies did not meet primary endpoints

Reports Q4 revenue $108.8M vs. $100.9M last year. Commenting on the performance, Ampco-Pittsburgh's CEO, Brett McBrayer, said, "While Q4 has significant one time non cash charges due to right sizing our operating footprint, we have accomplished the significant steps needed to fundamentally change the earnings power of our portfolio. We are currently shifting about 50% of the volume from the now former UK facility into our Sweden operating plant. As we emerge from the slowdown in the steel market, we expect closing the U.K. facility will have a positive annual EBITDA impact of $7 to $8 million. Meanwhile, our Air and Liquid Processing business continues to show growth potential as full year revenue increased for the fourth consecutive year and adjusted operating income was at a new record high in 2025. Ampco's adjusted EBITDA has risen by 54% over the last three years."

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."