Ampco-Pittsburgh reports 32% rise in first‑half 2026 customer orders
Ampco-Pittsburgh Corporation (NYSE:AP) announced that customer order activity for the first six months of 2026 reached approximately $268 million, representing a 32% increase over the $204 million recorded in the same period of 2025. The announcement prompted the stock to rise 12% in after‑hours trading on Wednesday.
The order growth was spread across the company’s two operating segments. Forged and Cast Engineered Products generated roughly $153 million in orders, a 25% year‑over‑year increase. Within this segment, the company highlighted stronger order activity for roll products, especially in North America, while demand for specialty forged engineered products remained solid. Management also noted that recent quota and tariff protections in Europe are expected to positively affect steel production in one of its largest markets.
Air and Liquid Processing recorded about $116 million in orders, up 42% YoY. The surge was driven by commercial pumps supporting the power‑generation market, heightened demand for pumps used in U.S. Navy programs, and continued strength in the air‑handling business. Notably, Buffalo Air Handling secured the largest air‑handling equipment order in its history during the first half of 2026, further underscoring the segment’s momentum.
CEO Brett McBrayer said, “We are pleased by the continued improvement in customer order activity during the first half of 2026. The increase reflects improving demand across several of our key end markets and continued execution by our teams. Together with our healthy backlog, these trends emphasize our confidence in the direction of the business as we remain focused on operational execution and serving our customers.”