-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VmoRfQ7okjU9BSwVJq7R3jBYOuxwhw3ysJgKfdImqyu+SkhygmlcXBujr/8MfpBb I9sjyLVkYKQ07Iy/mwCLqQ== 0000006176-04-000011.txt : 20041021 0000006176-04-000011.hdr.sgml : 20041021 20041021142904 ACCESSION NUMBER: 0000006176-04-000011 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040930 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20041021 DATE AS OF CHANGE: 20041021 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMPCO PITTSBURGH CORP CENTRAL INDEX KEY: 0000006176 STANDARD INDUSTRIAL CLASSIFICATION: PUMPS & PUMPING EQUIPMENT [3561] IRS NUMBER: 251117717 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00898 FILM NUMBER: 041089431 BUSINESS ADDRESS: STREET 1: 600 GRANT ST STE 4600 CITY: PITTSBURGH STATE: PA ZIP: 15219 BUSINESS PHONE: 4124564400 FORMER COMPANY: FORMER CONFORMED NAME: SCREW & BOLT CORP OF AMERICA DATE OF NAME CHANGE: 19710518 8-K 1 pressrel9048k.txt 8-K FOR 3RD QUARTER PRESS RELEASE SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date or earliest event reported) October 21, 2004 AMPCO-PITTSBURGH CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 1-898 25-1117717 (State or other (Commission file number) (I.R.S. Employer jurisdiction Identification of incorporation) Number) 600 Grant Street Pittsburgh, PA 15219 (Address of principal (Zip Code) executive offices) Registrant's telephone number, including area code: (412) 456-4400 Item 2.02. Disclosure of Results of Operations and Financial Condition. On October 20, 2004, Ampco-Pittsburgh Corporation issued a press release announcing its results for the three and nine months ended September 30, 2004. A copy of the press release is attached hereto and is being furnished to the SEC. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. AMPCO-PITTSBURGH CORPORATION Date: October 21, 2004 By: s/Ernest G. Siddons Ernest G. Siddons President EX-1 2 release904.txt PRESS RELEASE FOR 3RD QUARTER EARNINGS CONTACT: Ronald W. Hasek (412) 456-4459 FOR IMMEDIATE RELEASE PITTSBURGH, PA October 20, 2004. . . . . Ampco-Pittsburgh Corporation (NYSE: AP) had sales of $50,922,000 and $151,354,000 for the three and nine months ended September 30, 2004, respectively, against sales of $43,358,000 and $132,384,000 for the comparable prior year periods. Net income (loss) for the three months ended September 30, 2004 and 2003 was $(1,878,000) or $(0.19) per share and $(4,081,000) or $(0.42) per share and for the nine months ended September 30, 2004 and 2003 was $170,000 or $0.02 per share and $(3,493,000) or $(0.36) per share, respectively. Included in net loss for the 2003 periods are after-tax losses from discontinued operations of $(4,982,000) or $(0.51) per share and $(5,122,000) or $(0.53), respectively, arising from the August 2003 sale of the Corporation's small Plastics Processing Machinery segment. Income (loss) from operations approximated $(2,005,000) and $1,507,000 for the three months ended September 30, 2004 and 2003, respectively, and $1,188,000 and $3,704,000 for the nine months ended September 30, 2004 and 2003, respectively. The Forged & Cast Rolls segment was negatively impacted by lost sales and uninsured costs resulting from flood damage in September at a principal plant in Pennsylvania caused by the remnants of Hurricane Ivan. Disruption is expected to continue until early November. Property and business interruption insurance claims will be made when the full extent of the losses are determined. Additionally, results were adversely impacted by severe escalation in the cost of steel scrap, alloys and energy. In the quarter, results were reduced by the Corporation incurring significant professional fees in support of its efforts to meet the requirements of Sarbanes Oxley. In addition, the Corporation continued to incur uninsured legal costs for case management and insurance recovery relating to lawsuits in connection with asbestos-containing products manufactured as long as sixty years ago. # # # AMPCO-PITTSBURGH CORPORATION FINANCIAL SUMMARY Three Months Ended Sept 30, Nine Months Ended Sept 30, 2004 2003 2004 2003 Sales $50,922,000 $43,358,000 $151,354,000 $132,384,000 (Loss) income from operations (2,005,000) 1,507,000 1,188,000 3,704,000 Other (expense) income-net (24,000) (117,000) 244,000 (517,000) (Loss) income before income taxes (2,029,000) 1,390,000 1,432,000 3,187,000 Income tax (benefit) provision (151,000) 489,000 1,262,000 1,558,000 Net (loss) income from continuing operations (1,878,000) 901,000 170,000 1,629,000 Discontinued operations: Loss from operations - (5,166,000) - (5,356,000) Income tax benefit - 184,000 - 234,000 - (4,982,000) - (5,122,000) Net (loss) income $(1,878,000) $(4,081,000) $ 170,000 $ (3,493,000) Basic and diluted earnings per share: Net (loss) income from continuing operations $ (0.19) $ 0.09 $ 0.02 $ 0.17 Net loss from discontinued operations $ - $ (0.51) $ - $ (0.53) Net (loss) income $ (0.19) $ (0.42) $ 0.02 $ (0.36)
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