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Why Is Ampco-Pittsburgh (AP) Stock Up 49% Today?
Investor Place· 2024-07-10 11:41
Ampco-Pittsburgh (NYSE:AP) stock is taking off on Wednesday after the company announced new contracts and sales order backlog growth.That includes subsidiary Union Electric Steel securing contracts to provide initial provisioning of rolls for two mill projects under construction.The first is with Ternium Mexico S.A. de C.V. and it is worth $6.7 million. It is set to start in the first half of 2025. The second is with a major European OEM mill builder and is worth $5 million. It will start in the first half ...
Allied Properties: 11% Yield Is Not Enticing
Seeking Alpha· 2024-07-09 15:51
Downtown Vancouver, British Columbia, Canada. edb3_16/iStock via Getty Images On our last coverage of Allied Properties (TSX:AP.UN:CA), we gave you three compelling reasons why we had a preference for another REIT. While H&R REIT (HR.UN:CA) did not boast of such a lofty yield as Allied, we felt it offered a better risk-reward. Those who have followed our work know that we look at the actual yield last, after we have looked at everything else. We want a sound company with a good capital structure that is g ...
CalciMedica Announces Positive Topline Data from Phase 2b CARPO Trial of Auxora™ in Acute Pancreatitis (AP)
Prnewswire· 2024-06-27 12:00
Primary objective of the trial met with statistically significant dose response with up to 43.6% relative reduction (2.1 day improvement) in median time to solid food tolerance versus placebo in hyper-inflamed patients Statistically significant dose response with up to 61.7% reduction in severe organ failure in all patients versus placebo Up to 100% reduction in hospital stays longer than 21 daysPlanning End-of-Phase 2 meeting with the FDA in preparation for a pivotal trialConference call to discuss the CAR ...
Ampco-Pittsburgh(AP) - 2024 Q1 - Earnings Call Transcript
2024-05-14 18:36
Ampco-Pittsburgh Corporation (NYSE:AP) Q1 2024 Results Conference Call May 14, 2024 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Brett McBrayer - Chief Executive Officer Mike McAuley - Senior Vice President, Chief Financial Officer and Treasurer Sam Lyon - President, Union Electric Steel Corporation David Anderson - President, Air & Liquid Systems Corporation Conference Call Participants Justin Bergner - Gabelli Funds John Bair - Assante Wealth Advisors Operator Welcome to the Ampco-Pitts ...
Ampco-Pittsburgh(AP) - 2024 Q1 - Quarterly Results
2024-05-14 13:10
EXHIBIT 99.1 Contact: Michael G. McAuley Senior Vice President, Chief Financial Officer and Treasurer (412) 429-2472 mmcauley@ampcopgh.com FOR IMMEDIATE RELEASE CARNEGIE, PA May 14, 2024 Ampco-Pittsburgh Corporation (NYSE: AP) Announces First Quarter 2024 Results Carnegie, PA, May 14, 2024 – Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $110.2 million for the three months ended March 31, 2024, compared to $104.8 million for the three months ended March 31, 2023. The increase is attributable ...
Ampco-Pittsburgh(AP) - 2024 Q1 - Quarterly Report
2024-05-13 20:23
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-898 AMPCO-PITTSBURGH CORPORATION Pennsylvania 25-1117717 (State of Incorporation) (I.R.S. Employer Identification No.) 726 Bell Avenue, Suite ...
Allied Properties: Bet On Office Recovery And Collect A 10.5% Yield
Seeking Alpha· 2024-04-30 09:11
Steven_Kriemadis/iStock Unreleased via Getty Images Allied Properties REIT (TSX:AP.UN:CA) is a relatively low-risk way to invest in a Canadian office recovery based on its strong balance sheet, high-quality assets, and solid management. (All dollar amounts in Canadian Dollars, unless otherwise noted) Introduction Allied Properties REIT was founded by Michael Emory in 2002 and debuted on the Toronto Stock Exchange the next year. The company first focused on Class I workspace, office space converted from ...
Ampco-Pittsburgh(AP) - 2023 Q4 - Earnings Call Transcript
2024-03-26 18:30
Ampco-Pittsburgh Corporation (NYSE:AP) Q4 2023 Results Earnings Conference Call March 26, 2024 10:30 AM ET Company Participants Kim Knox - Corporate Secretary Brett McBrayer - Chief Executive Officer Sam Lyon - President, Union Electric Steel Corporation David Anderson - President, Air & Liquid Systems Corporation Mike McAuley - Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Justin Bergner - Gabelli Funds David Wright - Henry Investment Trust Dennis Scannell - Ruta ...
Ampco-Pittsburgh(AP) - 2023 Q4 - Annual Report
2024-03-25 21:29
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-898 AMPCO-PITTSBURGH CORPORATION Pennsylvania 25-1117717 (State of Incorporation) (I.R.S. Employer Identification No.) 726 Bell Avenue, Suite 301 ...
Ampco-Pittsburgh(AP) - 2023 Q4 - Annual Results
2024-03-25 21:24
EXHIBIT 99.1 Contact: Michael G. McAuley Senior Vice President, Chief Financial Officer and Treasurer (412) 429-2472 mmcauley@ampcopgh.com FOR IMMEDIATE RELEASE CARNEGIE, PA March 25, 2024 Ampco-Pittsburgh Corporation (NYSE: AP) Announces Fourth Quarter and Full Year 2023 Results • Q4 2023 sales up 16% over Q4 2022; full year 2023 sales up 8% over full year 2022. • Air and Liquid Processing segment sales increased 35% for Q4 2023 and 31% for 2023 YTD compared to prior year periods. • 2023 full year loss fro ...