-----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, LfL2tovEUvf/Vo8FCZeRMGSeL0onbZlrwH3tzptxsnQoM3wNybDKt5JayqgiIAwf 03wtHgwRxgFS+5XmuynoRA== 0000006176-07-000014.txt : 20070718 0000006176-07-000014.hdr.sgml : 20070718 20070718172401 ACCESSION NUMBER: 0000006176-07-000014 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070630 ITEM INFORMATION: Results of Operations and Financial Condition FILED AS OF DATE: 20070718 DATE AS OF CHANGE: 20070718 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: 07987113 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 form8kjun07.htm FORM 8-K FOR SECOND QUARTER EARNINGS RELEASE form8kjun07.htm
UNITED STATES
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)   July 18, 2007


AMPCO-PITTSBURGH CORPORATION

(Exact name of registrant as specified in its charter)


Pennsylvania
1-898
25-1117717
     
(State or other jurisdiction
of incorporation)
(Commission file number)
(I.R.S. Employer
Identification
Number)
 


600 Grant Street, Pittsburgh, PA                                                                                                                15219

      (Address of principal executive offices)                                                                                                         (Zip Code)


Registrant’s telephone number, including area code: (412) 456-4400

 


(Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.21 below):
 
 
 
[  ]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Item 2.02.
Disclosure of Results of Operations and Financial Condition.


On July 18, 2007, Ampco-Pittsburgh Corporation issued a press release announcing its results for the three and six months ended June 30, 2007. 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:  July 18, 2007
By:  s/Marliss D. Johnson                          
 
Marliss D. Johnson
 
Vice President
 
 Controller and Treasurer



EX-1 2 pressrel2ndqtr07.htm PRESS RELEASE FOR PERIOD ENDED JUNE 30, 2007 pressrel2ndqtr07.htm

 
FOR IMMEDIATE RELEASE
PITTSBURGH, PA
July 18, 2007

CONTACT:

Dee Ann Johnson
Vice President Controller and Treasurer
(412) 456-4410
dajohnson@ampcopgh.com


Ampco-Pittsburgh (NYSE: AP) Announces Continued Improvement in Earnings.

Ampco-Pittsburgh Corporation reported a continuation of record earnings in the second quarter of 2007.  Results reflect the high level of demand for the Corporation’s rolling-mill rolls from the global steel and aluminum industries coupled with substantially improved margins.

Sales for the three and six months ended June 30, 2007 approximated $88,740,000 and $176,480,000, respectively, against sales of $75,455,000 and $144,344,000 for the three and six months ended June 30, 2006.  Net income for the three months ended June 30, 2007 and 2006 was $10,178,000 or $1.02 per share and $6,557,000 or $0.67 per share, respectively, and for the six months ended June 30, 2007 and 2006 was $19,642,000 or $1.98 per share and $12,129,000 or $1.24 per share.

Income from operations approximated $15,484,000 and $29,269,000 for the three and six months ended June 30, 2007, respectively, against $9,197,000 and $16,862,000 for the comparable prior year periods.

The outlook for earnings from operations continues to be strong with orders on hand increasing significantly during the first half of the year from the already unprecedented record levels at the end of 2006.


The matters discussed herein may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from expectations. Certain of these risks are set forth in the Corporation's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, as well as the Corporation's other reports filed with the Securities and Exchange Commission.






AMPCO-PITTSBURGH CORPORATION
FINANCIAL SUMMARY
 
 


   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
 
 
2007
 
 
2006
 
 
2007
   
2006
 
                         
Sales
  $
88,740,000
    $
75,455,000
    $
176,480,000
    $
144,344,000
 
                                 
Income from operations
   
15,484,000
     
9,197,000
     
29,269,000
     
16,862,000
 
Other (expense) income – net
    (24,000 )    
446,000
      (49,000 )    
1,081,000
 
                                 
Income before income taxes
   
15,460,000
     
9,643,000
     
29,220,000
     
17,943,000
 
Income tax expense
   
5,282,000
     
3,086,000
     
9,578,000
     
5,814,000
 
                                 
Net income
  $
10,178,000
    $
6,557,000
    $
19,642,000
    $
12,129,000
 
                                 
Earnings per common share:
                               
Basic
  $
1.02
    $
0.67
    $
1.98
    $
1.24
 
Diluted
  $
1.01
    $
0.66
    $
1.96
    $
1.22
 




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