Ampco-Pittsburgh (AP) Q4 2025 Earnings Transcript

Backlog declined year over year by $8 million, primarily driven by the U.S. Navy’s decision to terminate production of the Constellation frigate program, which resulted in $7.1 million of orders being removed from the backlog in late 2025. Costs related to the terminated orders are expected to be paid by the Navy along with normal profit margins. While backlog ended $8 million lower, we did see significant order activity at the start of 2026. As referenced in our press release dated March 10, order activity ...