Ampco-Pittsburgh Q4 Adj. EPS $(0.12) Down From $(0.02) YoY, Sales $108.11M Up From $93.53M YoY
Portfolio Pulse from Happy Mohamed
Ampco-Pittsburgh (NYSE:AP) reported a Q4 adjusted EPS loss of $(0.12), a significant decrease from $(0.02) YoY. However, sales increased by 15.58% to $108.11M from $93.53M YoY.
March 25, 2024 | 8:46 pm
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NEUTRAL IMPACT
Ampco-Pittsburgh reported a larger Q4 EPS loss of $(0.12) compared to $(0.02) YoY, but sales increased to $108.11M from $93.53M YoY.
The significant increase in sales suggests positive business growth, potentially offsetting concerns about the widened EPS loss. However, the increased loss may raise questions about profitability and cost management, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100