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Ampco-Pittsburgh Swings to Profit on Surging 50% Order Growth

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The Story

News Summary

  • Ampco-Pittsburgh reported Q2 net income of $1.5 million, swinging from a year-ago loss despite a 9% sales drop to $102.9 million.
  • Customer orders surged 50% year-over-year to $144 million, boosting backlog to $385.4 million due to strong demand across power generation, Navy, and air handling programs.
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7584.73 +11.33% over the displayed period

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