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Ampco-Pittsburgh (AP) investor relations material
Ampco-Pittsburgh 17th Annual Southwest IDEAS Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic overview and portfolio changes
Exited all unprofitable businesses, including U.K. and non-core facilities, improving portfolio profitability and operational focus.
Two main segments: forging/casting/products and air and liquid processing, both with leading market positions in North America and Europe.
Strategic investments of $30 million in modernization have increased efficiency and capacity, especially in forged engineered products.
Tariff and quota changes in the U.S. and Europe are creating significant tailwinds, reducing import competition and supporting domestic sales.
End markets, including construction, infrastructure, and aluminum, are projected to grow at mid-single-digit rates through 2030.
Forging, casting, and product segment
Largest Western rolling mill roll manufacturer outside China, with 70% of sales in North America and Europe.
Product mix includes backup rolls, work rolls, and forged engineered products, with rolls accounting for up to 90% of sales.
Recent exit from a European cast roll facility and U.K. operations has streamlined the footprint and eliminated losses.
U.S. tariffs (25–50%) and European quota reductions are boosting demand for domestic and regional products.
Modernized plants, especially in Sweden, offer energy independence and competitive advantages.
Air and liquid processing segment
Three businesses: Aerofin (heat exchangers, especially for nuclear), Buffalo Air Handling (pharma/HVAC), and Buffalo Pumps (U.S. Navy and power generation).
Achieved 55% revenue growth over three years, with ongoing double-digit growth targets and increased capacity.
Significant barriers to entry in nuclear and Navy markets, with long-term contracts and funding support (e.g., $9 million from the Navy for plant modernization).
Nuclear market growth driven by plant restarts, life extensions, and new small modular reactors.
Active international expansion efforts, including partnerships for AUKUS submarine projects and global nuclear sales via Curtiss-Wright.
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