-----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, QPQNVL+D/hn7l0fBtia11WnGq1eQY8VveJwaL3dfbXZOx9tcWnJJlth1noNfyyx6 kBuTy9oHArUbDba6QPY0xg== 0000006176-08-000016.txt : 20080728 0000006176-08-000016.hdr.sgml : 20080728 20080728163103 ACCESSION NUMBER: 0000006176-08-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080630 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080728 DATE AS OF CHANGE: 20080728 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: 08973284 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 form8-k.htm FORM 8-K DATED JULY 28, 2008 form8-k.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 28, 2008


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 28, 2008, Ampco-Pittsburgh Corporation issued a press release announcing its results for the three and six months ended
June 30, 2008. A copy of the press release is attached hereto and is being furnished to the SEC.
 
 
 


Item 9.01.                  Financial Statements and Exhibits

(d)  
Exhibits.

Exhibit 99.1 – Press release dated July 28, 2008.





 
 

 

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 28, 2008
By:  s/Marliss D. Johnson
 
Marliss D. Johnson
 
Vice President
 
 Controller and Treasurer


EX-99.1 CHARTER 2 pressrelease.htm PRESS RELEASE FOR JUNE 30, 2008 EARNINGS pressrelease.htm

CONTACT:

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


FOR IMMEDIATE RELEASE
PITTSBURGH, PA
July 28, 2008


Ampco-Pittsburgh Announces Increase in Earnings for the Second Quarter.

Ampco-Pittsburgh Corporation (NYSE: AP) announces sales for the three and six months ended June 30, 2008 of $102,689,000 and $200,519,000, respectively, against $88,740,000 and $176,480,000 for the comparable prior year periods.  Net income for the three months ended June 30, 2008 and 2007 was $11,609,000 or $1.14 per share and $10,178,000 or $1.02 per share, respectively, and for the six months ended June 30, 2008 and 2007 was $21,752,000 or $2.14 per share and $19,642,000 or $1.98 per share.

Income from operations approximated $17,751,000 and $33,571,000 for the three and six months ended June 30, 2008, respectively, against $15,484,000 and $29,269,000 for the same periods in 2007.

The global demand for rolling mill rolls continues at unprecedented levels and the order backlog of the Forged and Cast Rolls segment grew during the quarter.  Sales and earnings of the segment improved; however, export shipments were lower than planned due to the lack of availability of shipping containers, special equipment and cargo ships.  In addition, earnings were impacted by rapid increases in the cost of steel scrap and alloys and the lag in timing of the recovery of the increases from surcharges applied to the selling price of rolls.

The quarter also saw improvement in the sales and income of the Air and Liquid Processing segment; however, the segment has recently experienced a slowing of incoming orders from the construction industry.

The outlook for earnings from operations and the financial condition of the Corporation remains strong.



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, 2007, 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,
 
   
2008
   
2007
   
2008
   
2007
 
                         
Sales
  $ 102,689,000     $ 88,740,000     $ 200,519,000     $ 176,480,000  
                                 
                                 
Income from operations
    17,751,000       15,484,000       33,571,000       29,269,000  
Other income (expense) – net
    165,000       (24,000 )      (248,000 )      (49,000 )
                                 
Income before income taxes
    17,916,000       15,460,000       33,323,000       29,220,000  
Income tax expense
    6,307,000       5,282,000        11,571,000        9,578,000  
                                 
Net income
  $ 11,609,000     $ 10,178,000     $ 21,752,000     $ 19,642,000  
                                 
Earnings per common share:
                               
  Basic
  $ 1.14     $ 1.02     $ 2,14     $ 1.98  
  Diluted
  $ 1.14     $ 1.01     $ 2.14     $ 1.96  
                                 
Weighted-average number of
                               
  common shares outstanding:
                               
    Basic
    10,177,497       9,988,145       10,177,497       9,913,237  
    Diluted
    10,179,860       10,076,936       10,179,800       10,031,854  
                                 


 
 

 

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-----END PRIVACY-ENHANCED MESSAGE-----