Ampco-Pittsburgh Q1 Loss, Stock Slides 16%

Ampco-Pittsburgh reported Q1 loss of $0.04 per share, missing expectations, with net loss $0.9M versus $1.1M profit last year.
Revenue rose 3.9% to $108.3M; Forged & Cast sales fell 2% to $70.8M, Air & Liquid Processing up 17% to $37.5M.
Adjusted EBITDA dropped to $8.0M with 7.4% margin, down from $8.8M and 8.4% margin a year earlier.
Shares fell ~16% pre‑market; company cites steel slowdown, mix headwinds and UK receivable write‑down, but expects better mix and conversion in 2026.