- Ampco-Pittsburgh (NYSE:AP) said Wednesday that net sales for the quarter ending June 30, 2024 are expected to be between $107 million and $112 million.
- This compares to net sales of $110.0 for the quarter ended June 30, 2023 of $107.2 million Revenue for the quarter ended March 31, 2024 was $1 million.
- Operating income for the quarter ending June 30, 2024 is expected to be in the range of $3.8 million to $4.8 million.
- Associated Press -5.69% The after-hours price was $1.16.
- Second-quarter net profit is expected to be between US$1.1 million and US$2.1 million, or US$0.05 to US$0.10 per diluted share.
- As of July 9, 2024, the company’s liquidity position improved slightly from March 31, 2024, which included approximately $8.6 million in cash on hand and a $27.2 million revolving credit facility.
- “In the second quarter, we experienced quarter-wide benefits from new machinery in our U.S. forging operations. While our European casting and rolling operations remain overcapacity relative to demand, this is consistent with our experience in past quarters. are consistent.
- Source: press release
