10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission File Number 1-898

AMPCO-PITTSBURGH CORPORATION

Pennsylvania	25-1117717
(State of Incorporation)	(I.R.S. Employer Identification No.)

600 Grant Street, Suite 4600

Pittsburgh, Pennsylvania 15219

(Address of principal executive offices)

(412) 456-4400

(Registrant’s telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “accelerated filer”, “large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

On May 2, 2014, 10,398,080 common shares were outstanding.

AMPCO-PITTSBURGH CORPORATION

INDEX

			Page No.
Part I – Financial Information:
	Item 1 –	Financial Statements (Unaudited)
		Condensed Consolidated Balance Sheets – March 31, 2014 and December 31, 2013		3
		Condensed Consolidated Statements of Operations – Three Months Ended March 31, 2014 and 2013		4
		Condensed Consolidated Statements of Comprehensive Income (Loss) – Three Months Ended March  31, 2014 and 2013		5
		Condensed Consolidated Statements of Cash Flows – Three Months Ended March 31, 2014 and 2013		6
		Notes to Condensed Consolidated Financial Statements		7
	Item 2 –	Management’s Discussion and Analysis of Financial Condition and Results of Operations		17
	Item 3 –	Quantitative and Qualitative Disclosures About Market Risk		19
	Item 4 –	Controls and Procedures		19
Part II – Other Information:
	Item 1 –	Legal Proceedings		20
	Item 1A –	Risk Factors		20
	Item 6 –	Exhibits		20
	Signatures			21
	Exhibit Index			22
	Exhibits
		Exhibit 31.1
		Exhibit 31.2
		Exhibit 32.1
		Exhibit 32.2
		Exhibit 101

2

PART I – FINANCIAL INFORMATION

AMPCO-PITTSBURGH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(in thousands, except par value)

	March 31, 2014			December 31, 2013
Assets
Current assets:
Cash and cash equivalents	$	92,594		$	97,910
Receivables, less allowance for doubtful accounts of $570 in 2014 and $551 in 2013		47,262			50,279
Inventories		69,175			64,129
Insurance receivables – asbestos		20,000			24,500
Other current assets		11,900			9,968
Total current assets		240,931			246,786
Property, plant and equipment, net		151,251			151,288
Insurance receivables – asbestos		85,546			86,241
Deferred income tax assets		6,404			6,832
Investments in joint ventures		4,676			5,010
Other noncurrent assets		6,591			6,516
	$	495,399		$	502,673
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	19,069		$	15,768
Accrued payrolls and employee benefits		7,900			8,875
Industrial Revenue Bond debt		13,311			13,311
Asbestos liability – current portion		26,000			27,000
Other current liabilities		18,640			21,720
Total current liabilities		84,920			86,674
Employee benefit obligations		49,580			49,146
Asbestos liability		125,708			131,293
Other noncurrent liabilities		466			565
Total liabilities		260,674			267,678
Commitments and contingent liabilities (Note 6)
Shareholders’ equity:
Common stock – par value $1; authorized 20,000 shares; issued and outstanding 10,373 shares in 2014 and 2013		10,373			10,373
Additional paid-in capital		126,153			125,852
Retained earnings		142,844			144,635
Accumulated other comprehensive loss		(44,645	)		(45,865	)
Total shareholders’ equity		234,725			234,995
	$	495,399		$	502,673

See Notes to Condensed Consolidated Financial Statements.

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AMPCO-PITTSBURGH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(in thousands, except per share amounts)

	Three Months Ended March 31,
	2014			2013
Net sales	$	62,913		$	69,624
Operating costs and expenses:
Costs of products sold (excluding depreciation)		50,063			55,090
Selling and administrative		9,006			9,858
Depreciation		3,058			2,971
Loss (gain) on disposal of assets		9			(6	)
Total operating expenses		62,136			67,913
Income from operations		777			1,711
Other income (expense):
Investment-related income		44			12
Interest expense		(54	)		(53	)
Other – net		128			(603	)
		118			(644	)
Income before income taxes and equity losses in Chinese joint venture		895			1,067
Income tax provision		(376	)		(320	)
Equity losses in Chinese joint venture		(441	)		(621	)
Net income	$	78		$	126
Net income per common share:
Basic	$	0.01		$	0.01
Diluted	$	0.01		$	0.01
Cash dividends declared per share	$	0.18		$	0.18
Weighted average number of common shares outstanding:
Basic		10,373			10,346
Diluted		10,423			10,399

See Notes to Condensed Consolidated Financial Statements.

4

AMPCO-PITTSBURGH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

(in thousands)

	Three Months Ended March 31,
	2014			2013
Net income	$	78		$	126
Other comprehensive income (loss), net of tax where applicable:
Adjustments for changes in:
Foreign currency translation		548			(4,349	)
Unrecognized employee benefit costs (including effects of foreign currency translation)		(126	)		1,451
Unrealized holding gains on marketable securities		49			215
Fair value of cash flow hedges		(208	)		(193	)
Reclassification adjustments for items included in net income:
Amortization of unrecognized employee benefit costs		957			1,426
Realized gains on sale of marketable securities		(18	)		(5	)
Realized losses from settlement of cash flow hedges		18			3
Other comprehensive income (loss)		1,220			(1,452	)
Comprehensive income (loss)	$	1,298		$	(1,326	)

See Notes to Condensed Consolidated Financial Statements.

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AMPCO-PITTSBURGH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(in thousands)

	Three Months Ended March 31,
	2014			2013
Net cash flows (used in) provided by operating activities	$	(707	)	$	10,092
Cash flows from investing activities:
Purchases of property, plant and equipment		(2,840	)		(4,562	)
Purchases of long-term marketable securities		(210	)		(163	)
Proceeds from the sale of long-term marketable securities		183			140
Proceeds from the disposition of property, plant and equipment		0			6
Net cash flows used in investing activities		(2,867	)		(4,579	)
Cash flows from financing activities:
Dividends paid		(1,867	)		(1,862	)
Net cash flows used in financing activities		(1,867	)		(1,862	)
Effect of exchange rate changes on cash and cash equivalents		125			(375	)
Net (decrease) increase in cash and cash equivalents		(5,316	)		3,276
Cash and cash equivalents at beginning of period		97,910			78,889
Cash and cash equivalents at end of period	$	92,594		$	82,165
Supplemental information:
Income tax payments	$	3,018		$	0
Interest payments	$	54		$	54
Non-cash investing activities:
Purchases of property, plant and equipment included in accounts payable	$	997		$	812

See Notes to Condensed Consolidated Financial Statements.

6

AMPCO-PITTSBURGH CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(in thousands, except claim amounts)

1. Unaudited Condensed Consolidated Financial Statements

The condensed consolidated balance sheet as of March 31, 2014 and the condensed consolidated statements of operations, comprehensive income (loss) and cash flows for the three months ended March 31, 2014 and 2013 have been prepared by Ampco-Pittsburgh Corporation (the “Corporation”) without audit. In the opinion of management, all adjustments, consisting of only normal and recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the periods presented, have been made. The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the operating results expected for the full year.

Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. Certain amounts for the preceding period have been reclassified for comparative purposes.

Recently Implemented Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which requires, under certain circumstances, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The guidance became effective January 1, 2014 but did not affect the balance sheet, operating results or liquidity of the Corporation.

2. Inventories

At March 31, 2014 and December 31, 2013, approximately 56% of the inventories were valued on the LIFO method with the remaining inventories valued on the FIFO method. Inventories were comprised of the following:

	March 31, 2014		December 31, 2013
Raw materials	$	18,586	$	17,411
Work-in-process		29,882		29,322
Finished goods		8,733		5,894
Supplies		11,974		11,502
	$	69,175	$	64,129

3. Property, Plant and Equipment

Property, plant and equipment were comprised of the following:

	March 31, 2014			December 31, 2013
Land and land improvements	$	5,136		$	5,122
Buildings		44,163			44,116
Machinery and equipment		251,945			250,936
Construction-in-progress		7,239			5,315
Other		8,744			8,711
		317,227			314,200
Accumulated depreciation		(165,976	)		(162,912	)
	$	151,251		$	151,288

Land and buildings of Union Electric Steel UK Limited (“UES-UK”) equal to approximately $3,289 (£1,974) at March 31, 2014 are held as collateral by the trustees of the UES-UK defined benefit pension plan (see Note 5).

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4. Other Current Liabilities

Other current liabilities were comprised of the following:

	March 31,  2014		December 31,  2013
Customer-related liabilities	$	10,089	$	10,610
Accrued sales commissions		1,447		1,648
Income taxes payable		66		1,063
Other		7,038		8,399
	$	18,640	$	21,720

Included in customer-related liabilities are costs expected to be incurred with respect to product warranties. Changes in the liability for product warranty claims consisted of the following:

	Three Months Ended March 31,
	2014			2013
Balance at beginning of the period	$	6,899		$	6,625
Satisfaction of warranty claims		(731	)		(545	)
Provision for warranty claims		605			575
Other, primarily impact from changes in foreign currency exchange rates		24			(246	)
Balance at end of the period	$	6,797		$	6,409

5. Pension and Other Postretirement Benefits

Contributions were as follows:

	Three Months Ended March 31,
	2014		2013
U.K. defined benefit pension plan	$	466	$	438
Other postretirement benefits (e.g. net payments)	$	137	$	122
U.K. defined contribution pension plan	$	92	$	74

Net periodic pension and other postretirement costs include the following components:

	Three Months Ended March 31,
U.S. Defined Benefit Pension Plan	2014			2013
Service cost	$	1,000		$	1,169
Interest cost		2,230			2,020
Expected return on plan assets		(2,643	)		(2,359	)
Amortization of prior service cost		213			166
Amortization of actuarial loss		1,096			1,808
Net benefit costs	$	1,896		$	2,804

	Three Months Ended March 31,
U.K. Defined Benefit Pension Plan	2014			2013
Interest cost	$	679		$	618
Expected return on plan assets		(796	)		(595	)
Amortization of actuarial loss		151			153
Net benefit costs	$	34		$	176

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	Three Months Ended March 31,
Other Postretirement Benefit Plan	2014		2013
Service cost	$	264	$	201
Interest cost		227		208
Amortization of prior service cost		5		21
Amortization of actuarial loss		4		84
Net benefit costs	$	500	$	514

6. Commitments and Contingent Liabilities

Outstanding standby and commercial letters of credit as of March 31, 2014 approximated $17,931, the majority of which serve as collateral for the Industrial Revenue Bond debt.

In 2010, UES-UK was awarded a government grant of up to $1,325 (£850) toward the purchase and installation of certain machinery and equipment of which $1,083 (£680) has been received to date. Under the agreement, the grant is repayable if certain conditions are not met including achieving and maintaining a targeted level of employment through 2017. UES-UK’s level of employment currently exceeds and is expected to continue to exceed the targeted level of employment; accordingly, no liability has been recorded.

See Note 7 for derivative instruments, Note 12 for litigation and Note 13 for environmental matters.

7. Derivative Instruments

Certain of the Corporation’s operations are subject to risk from exchange rate fluctuations in connection with sales in foreign currencies. To minimize this risk, foreign currency sales contracts are entered into which are designated as cash flow or fair value hedges. As of March 31, 2014, approximately $15,838 of anticipated foreign-denominated sales has been hedged which are covered by fair value contracts settling at various dates through January 2015. The fair value of assets held as collateral for the fair value contracts as of March 31, 2014 approximated $833. As of March 31, 2014, there are no cash flow contracts outstanding for future sales.

Additionally, certain of the divisions of the Air and Liquid Processing segment are subject to risk from increases in the price of commodities (copper and aluminum) used in the production of inventory. To minimize this risk, futures contracts are entered into which are designated as cash flow hedges. At March 31, 2014, approximately 57% or $2,907 of anticipated copper purchases over the next nine months and 38% or $452 of anticipated aluminum purchases over the next six months are hedged. The fair value of assets held as collateral as of March 31, 2014 equaled $400.

The Corporation previously entered into foreign currency purchase contracts to manage the volatility associated with Euro-denominated progress payments to be made for certain machinery and equipment. As of December 31, 2010, all contracts had been settled and the underlying fixed assets were placed in service.

No portion of the existing cash flow or fair value hedges is considered to be ineffective, including any ineffectiveness arising from the unlikelihood of an anticipated transaction to occur. Additionally, no amounts have been excluded from assessing the effectiveness of a hedge.

At March 31, 2014, the Corporation has purchase commitments covering 50% or $3,754 of anticipated natural gas usage through 2015 at one of its subsidiaries. The commitments qualify as normal purchases and, accordingly, are not reflected on the condensed consolidated balance sheet.

The Corporation does not enter into derivative transactions for speculative purposes and, therefore, holds no derivative instruments for trading purposes.

Gains (losses) on foreign exchange transactions included in other income (expense) approximated $207 and $(300) for the three months ended March 31, 2014 and 2013, respectively.

9

The location and fair value of the foreign currency sales contracts recorded on the condensed consolidated balance sheets were as follows:

	Location	March 31, 2014			December 31, 2013
Fair value hedge contracts	Other current assets	$	308		$	426
	Other noncurrent assets		0			17
Fair value hedged items	Receivables		(59	)		(36	)
	Other current liabilities		288			488
	Other noncurrent liabilities		0			40

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive loss. The balances as of March 31, 2014 and 2013 and the amount recognized as and reclassified from accumulated other comprehensive loss for each of the periods is summarized below. All amounts are after-tax.

Three Months Ended March 31, 2014	Comprehensive Income (Loss) Beginning of the Year		Plus Recognized as Comprehensive Income (Loss)			Less Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss)			Comprehensive Income (Loss) End of the Period
Foreign currency purchase contracts	$	275	$	0		$	5		$	270
Futures contracts – copper and aluminum		38		(208	)		(23	)		(147	)
	$	313	$	(208	)	$	(18	)	$	123

Three Months Ended March 31, 2013
Foreign currency purchase contracts	$	292	$	0		$	5		$	287
Futures contracts – copper and aluminum		26		(193	)		(8	)		(159	)
	$	318	$	(193	)	$	(3	)	$	128

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive loss to earnings is summarized below. All amounts are pre-tax.

	Location of Gain (Loss) in Statements	Estimated to be Reclassified in the Next			Three Months Ended March 31,
	of Operations	12 Months			2014			2013
Foreign currency purchase contracts	Depreciation	$	28		$	7		$	7
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation)		(239	)		(36	)		(14	)

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8. Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the three months ended March 31, 2013 and 2012 is summarized below. All amounts are net of tax, where applicable.

	Foreign Currency Translation Adjustments			Unrecognized Employee Benefit Costs			Unrealized Holding Gains on Marketable Securities		Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at January 1, 2014	$	277		$	(47,462	)	$	1,007	$	313		$	(45,865	)
Net Change		548			831			31		(190	)		1,220
Balance at March 31, 2014	$	825		$	(46,631	)	$	1,038	$	123		$	(44,645	)
Balance at January 1, 2013	$	(1,543	)	$	(81,783	)	$	633	$	318		$	(82,375	)
Net Change		(4,349	)		2,877			210		(190	)		(1,452	)
Balance at March 31, 2013	$	(5,892	)	$	(78,906	)	$	843	$	128		$	(83,827	)

The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive loss. Amounts in parentheses represent credits to net income.

	Three Months Ended    March 31,
	2014			2013			Affected Line Item
Amortization of unrecognized employee benefit costs	$	1,013		$	1,440		Costs of products sold (excluding depreciation)
		399			573		Selling and administrative
		57			219		Other income (expense)
		1,469			2,232		Total before income tax
		(512	)		(806	)	Income tax provision
	$	957		$	1,426		Net of tax

	Three Months Ended     March 31,
	2014			2013
Realized (gains) on sale of marketable securities	$	(28	)	$	(7	)	Selling and administrative
		10			2		Income tax provision
	$	(18	)	$	(5	)	Net of tax

	Three Months Ended  March 31,
	2014			2013
Realized (gains) losses from settlement of cash flow hedges:
Foreign currency purchase contracts	$	(7	)	$	(7	)	Depreciation
Futures contracts – copper and aluminum		36			14		Costs of products sold (excluding depreciation)
		29			7		Total before income tax
		(11	)		(4	)	Income tax provision
	$	18		$	3		Net of tax

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The income tax expense (benefit) associated with the various components of other comprehensive income (loss) for the three months ended March 31, 2014 and 2013 is summarized below. Foreign currency translation adjustments exclude the effect of income taxes since earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time.

	Three Months Ended March 31,
	2014			2013
Tax expense (benefit) associated with changes in:
Unrealized holding gains/losses on marketable securities	$	(26	)	$	(116	)
Fair value of cash flow hedges		128			116
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		(512	)		(806	)
Realized gains/losses from sale of marketable securities		10			2
Realized gains/losses from settlement of cash flow hedges		(11	)		(4	)

9. Stock-Based Compensation

In May 2011, the shareholders of the Corporation approved the adoption of the 2011 Omnibus Incentive Plan (“Incentive Plan”) which authorizes the issuance of up to 1,000,000 shares of the Corporation’s common stock for grants of equity-based compensation. Awards under the Incentive Plan may include incentive non-qualified stock options, stock appreciation rights, restricted shares and restricted stock units, performance awards, other stock-based awards or short-term cash incentive awards. Unexercised portions of terminated or forfeited awards are available for new awards. The Incentive Plan is administered by the Compensation Committee of the Board of Directors who has the authority to determine, within the limits of the express provisions of the Incentive Plan, the individuals to whom the awards will be granted; the nature, amount and terms of such awards; and the objectives and conditions for earning such awards. In April 2014, the Compensation Committee granted 172,000 non-qualified stock options to select employees. The options have a ten-year life and vest over a three-year period.

The Incentive Plan also provides for annual grants of shares of the Corporation’s common stock to non-employee directors following the Corporation’s annual shareholder meeting. Each annual director award will be for a number of shares having a fair market value equal to $25 and will be fully vested as of the grant date. In April 2014, 12,500 shares of the Corporation’s common stock were granted to the non-employee directors.

Stock-based compensation expense for the three months ended March 31, 2014 and 2013 equaled $351 and $296, respectively. The related income tax benefit recognized in the condensed consolidated statements of operations for each of the periods was approximately $123 and $104, respectively.

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10. Fair Value

The Corporation’s financial assets and liabilities that are reported at fair value in the condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013 were as follows:

	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of March 31, 2014
Investments
Other noncurrent assets	$	4,186	$	0	$	0	$	4,186
Foreign currency exchange contracts
Other current assets		0		308		0		308
Other current liabilities		0		288		0		288
As of December 31, 2013
Investments
Other noncurrent assets	$	4,092	$	0	$	0	$	4,092
Foreign currency exchange contracts
Other current assets		0		426		0		426
Other noncurrent assets		0		17		0		17
Other current liabilities		0		488		0		488
Other noncurrent liabilities		0		40		0		40

The investments held as other noncurrent assets represent assets held in a “Rabbi” trust for the purpose of providing benefits under a non-qualified defined benefit pension plan. The fair value of the investments is based on quoted prices of the investments in active markets. The fair value of foreign currency exchange contracts is determined based on the fair value of similar contracts with similar terms and remaining maturities. The fair value of futures contracts is based on market quotations. The fair value of the variable-rate IRB debt approximates its carrying value. Additionally, the fair value of trade receivables and trade payables approximates their carrying value.

11. Business Segments

Presented below are the net sales and income before income taxes for the Corporation’s two business segments.

	Three Months Ended March 31,
	2014			2013
Net sales:
Forged and Cast Rolls	$	39,566		$	45,113
Air and Liquid Processing		23,347			24,511
Total Reportable Segments	$	62,913		$	69,624
Income before income taxes:
Forged and Cast Rolls	$	1,013		$	2,063
Air and Liquid Processing		2,111			2,210
Total Reportable Segments		3,124			4,273
Other expense, including corporate costs		(2,229	)		(3,206	)
Total	$	895		$	1,067

12. Litigation (claims not in thousands)

The Corporation and its subsidiaries are involved in various claims and lawsuits incidental to their businesses. In addition, it is also subject to asbestos litigation as described below.

Asbestos Litigation

Claims have been asserted alleging personal injury from exposure to asbestos-containing components historically used in some products of predecessors of the Corporation’s Air & Liquid subsidiary (“Asbestos Liability”). Those subsidiaries, and in some cases the Corporation, are defendants (among a number of defendants, often in excess of 50) in cases filed in various state and federal courts.

13

Asbestos Claims

The following table reflects approximate information about the claims for Asbestos Liability against the subsidiary and the Corporation. The information in the table presented for 2013 includes certain asbestos claims asserted against an inactive subsidiary in dissolution.

	Three Months Ended March 31,
	2014			2013
Total claims pending at the beginning of the period		8,319			8,007
New claims served		393			381
Claims dismissed		(56	)		(106	)
Claims settled		(55	)		(55	)
Total claims pending at the end of the period (1)		8,601			8,227
Gross settlement and defense costs (in 000’s)	$	6,585		$	6,087
Avg. gross settlement and defense costs per claim resolved (in 000’s)	$	59.32		$	37.81

(1) Included as “open claims” are approximately 1,635 and 1,634 claims as of March 31, 2014 and 2013, respectively, classified in various jurisdictions as “inactive” or transferred to a state or federal judicial panel on multi-district litigation, commonly referred to as the MDL.

A substantial majority of the settlement and defense costs reflected in the above table was reported and paid by insurers. Because claims are often filed and can be settled or dismissed in large groups, the amount and timing of settlements, as well as the number of open claims, can fluctuate significantly from period to period.

Asbestos Insurance

The Corporation and its Air & Liquid subsidiary are parties to a series of settlement agreements (“Settlement Agreements”) with insurers that have coverage obligations for Asbestos Liability (the “Settling Insurers”). Under the Settlement Agreements, the Settling Insurers accept financial responsibility, subject to the terms and conditions of the respective agreements, including overall coverage limits, for pending and future claims for Asbestos Liability. The Settlement Agreements encompass the substantial majority of insurance policies that provide coverage for claims for Asbestos Liability.

The Settlement Agreements include acknowledgements that Howden North America, Inc. (“Howden”) is entitled to coverage under policies covering Asbestos Liability for claims arising out of the historical products manufactured or distributed by Buffalo Forge, a former subsidiary of the Corporation (the “Products”). The Settlement Agreements do not provide for any prioritization on access to the applicable policies or any sublimits of liability as to Howden or the Corporation and Air & Liquid, and, accordingly, Howden may access the coverage afforded by the Settling Insurers for any covered claim arising out of a Product. In general, access by Howden to the coverage afforded by the Settling Insurers for the Products will erode coverage under the Settlement Agreements available to the Corporation and Air & Liquid for Asbestos Liability.

On February 24, 2011, the Corporation and Air & Liquid filed a lawsuit in the United States District Court for the Western District of Pennsylvania against thirteen domestic insurance companies, certain underwriters at Lloyd’s, London and certain London market insurance companies, and Howden. The lawsuit seeks a declaratory judgment regarding the respective rights and obligations of the parties under excess insurance policies that were issued to the Corporation from 1981 through 1984 as respects claims against the Corporation and its subsidiary for Asbestos Liability and as respects asbestos bodily-injury claims against Howden arising from the Products. The Corporation and Air & Liquid have reached Settlement Agreements with all but two of the defendant insurers in the coverage action. Those Settlement Agreements specify the terms and conditions upon which the insurer parties are to contribute to defense and indemnity costs for claims for Asbestos Liability. One of the Settlement Agreements entered into by the Corporation and Air & Liquid also provided for the dismissal of claims, without prejudice, regarding two upper-level excess policies issued by one of the insurers. The Court has entered Orders dismissing all claims in the action filed against each other by the Corporation and Air & Liquid, on the one hand, and by the settling insurers, on the other. Howden also reached an agreement with eight domestic insurers addressing asbestos-related bodily injury claims arising from the Products, and claims as to those insurers and Howden have been dismissed. Various counterclaims, cross claims and third party claims have been filed in the litigation and remain pending although only two domestic insurers and Howden remain in the litigation as to the Corporation and Air & Liquid. On September 27, 2013, the Court issued a memorandum opinion and order granting in part and denying in part cross motions for summary judgment filed by the Corporation and Air & Liquid, Howden, and the insurer parties still in the litigation. The September 27, 2013 ruling is not a final ruling for appellate purposes, but when final it could be appealed by the parties to the litigation.

14

Asbestos Valuations

In 2006, the Corporation retained Hamilton, Rabinovitz & Associates, Inc. (“HR&A”), a nationally recognized expert in the valuation of asbestos liabilities, to assist the Corporation in estimating the potential liability for pending and unasserted future claims for Asbestos Liability. Based on this analysis, the Corporation recorded a reserve for Asbestos Liability claims pending or projected to be asserted through 2013 as at December 31, 2006. HR&A’s analysis has been periodically updated since that time. Most recently, the HR&A analysis was updated in 2012, and additional reserves were established by the Corporation as at December 31, 2012 for Asbestos Liability claims pending or projected to be asserted through 2022. The methodology used by HR&A in its projection in 2012 of the operating subsidiaries’ liability for pending and unasserted potential future claims for Asbestos Liability, which is substantially the same as the methodology employed by HR&A in prior estimates, relied upon and included the following factors:

• HR&A’s interpretation of a widely accepted forecast of the population likely to have been exposed to asbestos;

• epidemiological studies estimating the number of people likely to develop asbestos-related diseases;

• HR&A’s analysis of the number of people likely to file an asbestos-related injury claim against the subsidiaries and the Corporation based on such epidemiological data and relevant claims history from January 1, 2010 to December 20, 2012;

• an analysis of pending cases, by type of injury claimed and jurisdiction where the claim is filed;

• an analysis of claims resolution history from January 1, 2010 to December 20, 2012 to determine the average settlement value of claims, by type of injury claimed and jurisdiction of filing; and

• an adjustment for inflation in the future average settlement value of claims, at an annual inflation rate based on the Congressional Budget Office’s ten year forecast of inflation.

Using this information, HR&A estimated in 2012 the number of future claims for Asbestos Liability that would be filed through the year 2022, as well as the settlement or indemnity costs that would be incurred to resolve both pending and future unasserted claims through 2022. This methodology has been accepted by numerous courts.

In conjunction with developing the aggregate liability estimate referenced above, the Corporation also developed an estimate of probable insurance recoveries for its Asbestos Liabilities. In developing the estimate, the Corporation considered HR&A’s projection for settlement or indemnity costs for Asbestos Liability and management’s projection of associated defense costs (based on the current defense to indemnity cost ratio), as well as a number of additional factors. These additional factors included the Settlement Agreements then in effect, policy exclusions, policy limits, policy provisions regarding coverage for defense costs, attachment points, prior impairment of policies and gaps in the coverage, policy exhaustions, insolvencies among certain of the insurance carriers, and the nature of the underlying claims for Asbestos Liability asserted against the subsidiaries and the Corporation as reflected in the Corporation’s asbestos claims database, as well as estimated erosion of insurance limits on account of claims against Howden arising out of the Products. In addition to consulting with the Corporation’s outside legal counsel on these insurance matters, the Corporation consulted with a nationally-recognized insurance consulting firm it retained to assist the Corporation with certain policy allocation matters that also are among the several factors considered by the Corporation when analyzing potential recoveries from relevant historical insurance for Asbestos Liabilities. Based upon all of the factors considered by the Corporation, and taking into account the Corporation’s analysis of publicly available information regarding the credit-worthiness of various insurers, the Corporation estimated the probable insurance recoveries for Asbestos Liability and defense costs through 2022. Although the Corporation believes that the assumptions employed in the insurance valuation were reasonable and previously consulted with its outside legal counsel and insurance consultant regarding those assumptions, there are other assumptions that could have been employed that would have resulted in materially lower insurance recovery projections.

Based on the analyses described above, the Corporation’s reserve at December 31, 2012 for the total costs, including defense costs, for Asbestos Liability claims pending or projected to be asserted through 2022 was $181,022, of which approximately 73% was attributable to settlement costs for unasserted claims projected to be filed through 2022 and future defense costs. The reserve at March 31, 2014 was $151,708. While it is reasonably possible that the Corporation will incur additional charges for Asbestos Liability and defense costs in excess of the amounts currently reserved, the Corporation believes that there is too much uncertainty to provide for reasonable estimation of the number of future claims, the nature of such claims and the cost to resolve them beyond 2022. Accordingly, no reserve has been recorded for any costs that may be incurred after 2022.

The Corporation’s receivable at December 31, 2012 for insurance recoveries attributable to the claims for which the Corporation’s Asbestos Liability reserve has been established, including the portion of incurred defense costs covered by the Settlement Agreements in effect through December 31, 2012, and the probable payments and reimbursements relating to the estimated indemnity and defense costs for pending and unasserted future Asbestos Liability claims, was $118,115. The Corporation increased its receivable at September 30, 2013 by $16,340 to take into account the effect of the Settlement Agreements reached in August 2013.

15

The following table summarizes activity relating to insurance recoveries.

	Three Months Ended March 31,
	2014			2013
Insurance receivable – asbestos, beginning of the year	$	110,741		$	118,115
Settlement and defense costs paid by insurance carriers		(5,195	)		(8,432	)
Insurance receivable – asbestos, end of the period	$	105,546		$	109,683

The insurance receivable recorded by the Corporation does not assume any recovery from insolvent carriers or carriers not party to a Settlement Agreement, and a substantial majority of the insurance recoveries deemed probable was from insurance companies rated A – (excellent) or better by A.M. Best Corporation. There can be no assurance, however, that there will not be further insolvencies among the relevant insurance carriers, or that the assumed percentage recoveries for certain carriers will prove correct. The difference between insurance recoveries and projected costs is not due to exhaustion of all insurance coverage for Asbestos Liability. The Corporation and the subsidiaries have substantial additional insurance coverage which the Corporation expects to be available for Asbestos Liability claims and defense costs that the subsidiaries and it may incur after 2022. However, this insurance coverage also can be expected to have gaps creating significant shortfalls of insurance recoveries as against claims expense, which could be material in future years.

The amounts recorded by the Corporation for Asbestos Liabilities and insurance receivables rely on assumptions that are based on currently known facts and strategy. The Corporation’s actual expenses or insurance recoveries could be significantly higher or lower than those recorded if assumptions used in the Corporation’s or HR&A’s calculations vary significantly from actual results. Key variables in these assumptions are identified above and include the number and type of new claims to be filed each year, the average cost of disposing of each such new claim, average annual defense costs, compliance by relevant parties with the terms of the Settlement Agreements, the resolution of remaining coverage issues with insurance carriers, and the solvency risk with respect to the relevant insurance carriers. Other factors that may affect the Corporation’s Asbestos Liability and ability to recover under its insurance policies include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that may be made by state and federal courts, and the passage of state or federal tort reform legislation.

The Corporation intends to evaluate its estimated Asbestos Liability and related insurance receivables as well as the underlying assumptions on a regular basis to determine whether any adjustments to the estimates are required. Due to the uncertainties surrounding asbestos litigation and insurance, these regular reviews may result in the Corporation incurring future charges; however, the Corporation is currently unable to estimate such future charges. Adjustments, if any, to the Corporation’s estimate of its recorded Asbestos Liability and/or insurance receivables could be material to operating results for the periods in which the adjustments to the liability or receivable are recorded, and to the Corporation’s liquidity and consolidated financial position.

13. Environmental Matters

The Corporation is currently performing certain remedial actions in connection with the sale of real estate previously owned. Environmental exposures are difficult to assess and estimate for numerous reasons including lack of reliable data, the multiplicity of possible solutions, the years of remedial and monitoring activity required, and identification of new sites. In the opinion of management and in consideration of advice from the Corporation’s consultants, the potential liability for all environmental proceedings of approximately $242 at March 31, 2013 is considered adequate based on information known to date.

16

ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

(in thousands, except share and per share amounts)

Executive Overview

The Corporation operates in two business segments – Forged and Cast Rolls and Air and Liquid Processing. The Forged and Cast Rolls segment produces and sells forged-hardened steel rolls and cast iron and steel rolls to manufacturers of steel and aluminum throughout the world. The Air and Liquid Processing segment manufactures centrifugal pumps for the marine defense, refrigeration and power generation industries; constructs large custom-designed air handling systems for commercial, institutional and industrial building market; and produces custom-engineered finned tube heat exchange coils and related heat transfer products for a variety of industries including fossil fuel and nuclear power generation, automotive, industrial process and HVAC. A significant portion of its products are distributed through a common independent group of sales offices located throughout the United States and Canada.

For the Forged and Cast Rolls segment, global manufacturing regions continue to operate at a reduced capacity with the United States at approximately 77% capacity and the European Union at approximately 65% capacity. This, coupled with excess roll supply in the industry, has, at times, necessitated price discounting to maintain market share. Furthermore, indigenous roll suppliers in China and Korea have established a significant presence in their home markets and have made inroads in export markets through extraordinarily low price offerings resulting in a reduction in roll sales internationally compared to a year ago. For the remainder of the year, demand for traditional roll products will likely be weak and at depressed margins. Although representing a smaller portion of the segment’s business activity, sales of non-roll products and services, which utilize available production capacity, are expected to increase. Losses by the segment’s Chinese forged roll joint venture company (for which it has a 49% interest and accounts for on the equity method of accounting) are anticipated to continue during the year. While an impairment charge to reduce the carrying amount of the investment in the joint venture company to its estimated fair value was recognized in the fourth quarter of 2013, the Corporation will continue to monitor the carrying value of the investment to determine if future charges are necessary.

For the Air and Liquid Processing segment, spending on new construction by the institutional markets remains slow while continued strength in spending in the fossil-fueled power generation market is encouraging. The focus for this segment is to continue to develop new product lines and to strengthen the sales distribution networks.

Consolidated Results of Operations for the Three Months Ended March 31, 2014 and 2013

Net sales for the three months ended March 31, 2014 and 2013 were $62,913 and $69,624, respectively. Backlog approximated $180,492 at March 31, 2014 versus $197,461 as of December 31, 2013 and $194,448 as of March 31, 2013. A discussion of sales and backlog for the Corporation’s two segments is included below.

Costs of products sold, excluding depreciation, as a percentage of net sales approximated 79.6% and 79.1% for the three months ended March 31, 2014 and 2013, respectively. The increase is primarily related to the mix of products shipped for the Air and Liquid Processing segment.

Selling and administrative expenses totaled $9,006 (14.3% of net sales) and $9,858 (14.2% of net sales) for the three months ended March 31, 2014 and 2013, respectively. The decrease is due to lower commission expense, as a result of lower sales, and employee-related costs.

Income from operations for the three months ended March 31, 2014 and 2013 approximated $777 and $1,711, respectively. A discussion of operating results for the Corporation’s two segments is included below.

Forged and Cast Rolls. Sales for the three months ended March 31, 2014 declined from a year ago due to lower selling prices and a decrease in the volume of shipments which impacted earnings by approximately $1,200 and $2,100, respectively. Lower freight and commissions costs, associated with the decrease in sales, and improved quality offset the impact to operating income by approximately $1,700. Backlog approximated $141,037 at March 31, 2014 against $159,344 as of December 31, 2013 and $152,642 as of March 31, 2013. The decline in backlog is due to shipments outpacing new orders and declining profitability. Approximately $36,042 of the current backlog is expected to ship after 2014.

17

Air and Liquid Processing. Sales and operating income for the three months ended March 31, 2014 were comparable to a year ago. While sales and operating income improved for Buffalo Pumps, sales and operating results decreased for Buffalo Air Handling and Aerofin. Specifically, Buffalo Pumps benefited principally from a higher volume of shipments to U.S. Navy shipbuilders whereas Buffalo Air Handling sales decreased due to a large hospital order in the first quarter of 2013 which did not repeat and Aerofin was affected by a reduction in sales to the OEM market. Backlog approximated $39,455 at March 31, 2014 against $38,117 as of December 31, 2013 and $41,806 as of March 31, 2013. The majority of backlog will ship in 2014.

Other income (expense) fluctuated primarily from changes in foreign exchange gains and losses and charges related to operations discontinued years ago.

Effective income tax rate increased for the three months ended March 31, 2014 in comparison to the three months ended March 31, 2013 principally due to a reduction in the state income tax rate at which certain net deferred income tax assets will be realized.

Net income and earnings per common share equaled $78 or $0.01 per common share for the three months ended March 31, 2014 in comparison to $126 or $0.01 per common share for the three months ended March 31, 2013.

Liquidity and Capital Resources

Net cash flows (used in) provided by operating activities decreased for the three months ended March 31, 2014 when compared to the three months ended March 31, 2013. The decrease is due to changes in working capital, principally an increase in inventories, and less asbestos-related insurance recoveries as the first quarter of 2013 included a higher reimbursement from insurance carriers for past costs.

Net cash flows used in investing activities represent primarily capital expenditures for the Forged and Cast Rolls segment. As of March 31, 2014, future capital expenditures approximating $6,600, to be spent over the next 12-18 months, have been approved.

Net cash flows used in financing activities were comparable for each of the quarters and represented primarily payment of dividends.

As a result of the above, cash and cash equivalents decreased $5,316 in 2014 and ended the period at $92,594 (of which approximately $6,300 is held by foreign operations) in comparison to $97,910 at December 31, 2013 (of which approximately $8,100 was held by foreign operations). Repatriation of foreign funds may result in the Corporation accruing and paying additional income tax; however, the majority of such amounts are currently deemed to be permanently reinvested and no additional provision for income tax has been made.

Funds on hand and funds generated from future operations are expected to be sufficient to finance the operational and capital expenditure requirements of the Corporation. The Corporation also maintains short-term lines of credit and an overdraft facility in excess of the cash needs of its businesses. The total available at March 31, 2014 was approximately $9,500 (including £3,000 in the U.K. and €400 in Belgium).

Litigation and Environmental Matters

See Notes 12 and 13 to the condensed consolidated financial statements.

Critical Accounting Pronouncements

The Corporation’s critical accounting policies, as summarized in its Annual Report on Form 10-K for the year ended December 31, 2013, remain unchanged.

Recently Issued Accounting Pronouncements

See Note 1 to the condensed consolidated financial statements.

18

Forward-Looking Statements

Management’s Discussion and Analysis of Financial Condition and Results of Operations and other sections of the Form 10-Q contain forward-looking statements that reflect the Corporation’s current views with respect to future events and financial performance.

Forward-looking statements are identified by the use of the words “believes,” “expects,” “anticipates,” “estimates,” “projects,” “forecasts” and other expressions that indicate future events and trends. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to, those described under Item 1A, Risk Factors, of Part II of this Form 10-Q. In addition, there may be events in the future that the Corporation is not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation undertakes no obligation to update any forward-looking statement whether as a result of new information, events or otherwise.

ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There were no material changes in the Corporation’s exposure to market risk from December 31, 2013.

ITEM 4 – CONTROLS AND PROCEDURES

(a) Disclosure controls and procedures. An evaluation of the effectiveness of the Corporation’s disclosure controls and procedures as of the end of the period covered by this report was carried out under the supervision, and with the participation, of management, including the principal executive officer and principal financial officer. Disclosure controls and procedures are defined under Securities and Exchange Commission (“SEC”) rules as controls and other procedures that are designed to ensure that information required to be disclosed by a company in the reports that it files under the Exchange Act is recorded, processed, summarized and reported within the required time periods. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Based on that evaluation, the Corporation’s management, including the principal executive officer and principal financial officer, has concluded that the Corporation’s disclosure controls and procedures were effective as of March 31, 2014.

(c) Changes in internal control over financial reporting. There were no changes in the Corporation’s internal control over financial reporting during the quarter ended March 31, 2014, that have materially affected, or are reasonably likely to materially affect, its internal control over financial reporting.

19

PART II – OTHER INFORMATION

AMPCO-PITTSBURGH CORPORATION

Item 1 Legal Proceedings

The information contained in Note 12 to the condensed consolidated financial statements (Litigation) is incorporated herein by reference.

Item 1A Risk Factors

There are no material changes to the Risk Factors contained in Item 1A to Part I of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2013.

Items 2-5 None

Item 6 Exhibits

(3)	Articles of Incorporation and By-laws
	(a)	Articles of Incorporation
		Incorporated by reference to the Quarterly Reports on Form 10-Q for the quarters ended March 31, 1983, March 31, 1984, March 31, 1985, March 31, 1987 and September 30, 1998.
	(b)	By-laws
		Incorporated by reference to the Form 8-K dated December 21, 2010.
(31.1)	Certification of the principal executive officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
(31.2)	Certification of the principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
(32.1)	Certification of principal executive officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
(32.2)	Certification of principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
(101)	Interactive Data File (XBRL)

20

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 thereunto duly authorized.

		AMPCO-PITTSBURGH CORPORATION
DATE:	May 9, 2014	BY:	/s/ Robert A. Paul
		Robert A. Paul
		Chairman and Chief Executive Officer
DATE:	May 9, 2014	BY:	/s/ Marliss D. Johnson
		Marliss D. Johnson
		Chief Financial Officer and Treasurer

21

AMPCO-PITTSBURGH CORPORATION

EXHIBIT INDEX

Exhibit	(31.1)	Certification of principal executive officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
	(31.2)	Certification of principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
	(32.1)	Certification of principal executive officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
	(32.2)	Certification of principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
	(101)	Interactive Data File (XBRL)

22

EX-31.1

Exhibit 31.1

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Robert A. Paul, certify that:

1. I have reviewed this Form 10-Q of Ampco-Pittsburgh Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Robert A. Paul

Robert A. Paul,

Chairman and Chief Executive Officer

May 9, 2014

EX-31.2

Exhibit 31.2

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Marliss D. Johnson, certify that:

1. I have reviewed this Form 10-Q of Ampco-Pittsburgh Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Marliss D. Johnson

Marliss D. Johnson

Chief Financial Officer and Treasurer

May 9, 2014

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Ampco-Pittsburgh Corporation (the “Company”) on Form 10-Q for the period ended March 31, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

/s/ Robert A. Paul

Robert A. Paul

Chairman and Chief Executive Officer

May 9, 2014

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Ampco-Pittsburgh Corporation (the “Company”) on Form 10-Q for the period ended March 31, 2014 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

/s/ Marliss D. Johnson

Marliss D. Johnson

Chief Financial Officer and Treasurer

May 9, 2014

XML

Derivative Instruments - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014 Customer	Mar. 31, 2013
Derivative [Line Items]
Anticipated foreign-denominated sales hedge	$ 15,838
Foreign-denominated sales cash flow contracts	0
Fair value of assets held as collateral related to futures	400
Percentage of purchase commitments covering anticipated natural gas usage	50.00%
Purchase commitment amount of anticipated natural gas usage	3,754
Number of subsidiaries purchased commitments for natural gas usage	1
Purchase commitments covering period anticipated usage, Description	Through 2015 at one of its subsidiaries
Gains (losses) on foreign exchange transactions included in other income (expense)	207	(300)
Foreign Currency Sales Contract - Fair Value Hedges [Member]
Derivative [Line Items]
Fair value of assets held as collateral related to forward exchange contracts	833
Copper Purchases [Member]
Derivative [Line Items]
Percentage of anticipated purchases hedged	57.00%
Time period for hedged purchases	9 months
Copper Purchases [Member] | Cash Flow Hedges [Member]
Derivative [Line Items]
Anticipated purchases, hedged	2,907
Aluminum Purchases [Member]
Derivative [Line Items]
Percentage of anticipated purchases hedged	38.00%
Time period for hedged purchases	6 months
Aluminum Purchases [Member] | Cash Flow Hedges [Member]
Derivative [Line Items]
Anticipated purchases, hedged	$ 452

XML

Environmental Matters - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013
Environmental Remediation Obligations [Abstract]
Potential liability for all environmental proceedings	$ 242

XML

Business Segments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2014 Segment
Segment Reporting [Abstract]
Number of reportable business segments	2

XML

Stock-Based Compensation - Additional Information (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended			0 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	May 31, 2011	Apr. 30, 2014 Subsequent Event [Member]	Apr. 30, 2014 Non-Qualified Stock Options [Member] Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized under Omnibus Incentive Plan			1,000,000
Stock options life, years					10 years
Stock options vesting period, years				3 years
Stock options granted to selected employees					172,000
Fair market value of fully vested shares as of the grant date	$ 25
Shares of common stock issued to non-employee directors				12,500
Stock-based compensation expense	351	296
Income tax benefit from stock-based compensation expense	$ 123	$ 104

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Property, Plant and Equipment - Additional Information (Detail) In Thousands, unless otherwise specified	Mar. 31, 2014 USD ($)	Mar. 31, 2014 GBP (£)
Property Plant And Equipment [Abstract]
Land and Building	$ 3,289	£ 1,974

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Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Location and Fair Value of Foreign Currency Sales Contracts Recorded on Consolidated Balance Sheets

The location and fair value of the foreign currency sales contracts recorded on the condensed consolidated balance sheets were as follows:

	Location	March 31, 2014			December 31, 2013
Fair value hedge contracts	Other current assets	$	308		$	426
	Other noncurrent assets		0			17
Fair value hedged items	Receivables		(59	)		(36	)
	Other current liabilities		288			488
	Other noncurrent liabilities		0			40

Summary of Amount Recognized as and Reclassified from Accumulated Other Comprehensive Income (Loss)

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive loss. The balances as of March 31, 2014 and 2013 and the amount recognized as and reclassified from accumulated other comprehensive loss for each of the periods is summarized below. All amounts are after-tax.

Three Months Ended March 31, 2014	Comprehensive Income (Loss) Beginning of the Year		Plus Recognized as Comprehensive Income (Loss)			Less Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss)			Comprehensive Income (Loss) End of the Period
Foreign currency purchase contracts	$	275	$	0		$	5		$	270
Futures contracts – copper and aluminum		38		(208	)		(23	)		(147	)
	$	313	$	(208	)	$	(18	)	$	123

Three Months Ended March 31, 2013
Foreign currency purchase contracts	$	292	$	0		$	5		$	287
Futures contracts – copper and aluminum		26		(193	)		(8	)		(159	)
	$	318	$	(193	)	$	(3	)	$	128

Summary of Change in Fair Value Reclassified or Expected to be Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive loss to earnings is summarized below. All amounts are pre-tax.

	Location of Gain (Loss) in Statements	Estimated to be Reclassified in the Next			Three Months Ended March 31,
	of Operations	12 Months			2014			2013
Foreign currency purchase contracts	Depreciation	$	28		$	7		$	7
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation)		(239	)		(36	)		(14	)

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Litigation - Schedule of Loss Contingencies by Contingency (Detail) (Asbestos Claims [Member], USD $)	3 Months Ended
	Mar. 31, 2014 Claim	Mar. 31, 2013 Claim
Asbestos Claims [Member]
Loss Contingencies [Line Items]
Total claims pending at the beginning of the period	8,319	8,007
New claims served	393	381
Claims dismissed	(56)	(106)
Claims settled	(55)	(55)
Total claims pending at the end of the period	8,601	8,227
Gross settlement and defense costs	$ 6,585,000	$ 6,087,000
Avg. gross settlement and defense costs per claim resolved	$ 59,320	$ 37,810

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Derivative Instruments - Summary of Change in Fair Value Reclassified or Expected to be Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Foreign Currency Purchase Contracts [Member]
Derivative [Line Items]
Expected release to pre - tax earnings	$ 28
Amount released to pre - tax earnings	7	7
Futures Contracts - Copper and Aluminum [Member]
Derivative [Line Items]
Expected release to pre - tax earnings	(239)
Amount released to pre - tax earnings	$ (36)	$ (14)

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Pension and Other Postretirement Benefits - Net Periodic Pension and Other Postretirement Costs (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
U.S. Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,000	$ 1,169
Interest cost	2,230	2,020
Expected return on plan assets	(2,643)	(2,359)
Amortization of prior service cost	213	166
Amortization of actuarial loss	1,096	1,808
Net benefit costs	1,896	2,804
U.K. Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	679	618
Expected return on plan assets	(796)	(595)
Amortization of actuarial loss	151	153
Net benefit costs	34	176
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	264	201
Interest cost	227	208
Amortization of prior service cost	5	21
Amortization of actuarial loss	4	84
Net benefit costs	$ 500	$ 514

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Litigation - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	0 Months Ended		12 Months Ended
	Sep. 30, 2013	Feb. 24, 2011 Company Defendant	Dec. 31, 2012	Mar. 31, 2014
Commitments And Contingencies Disclosure [Abstract]
Number of domestic insurance companies, lawsuit filed against		13
Number of defendant insurers in the coverage action		2
Number of domestic defendant insurers in action		8
Number of domestic insurance companies, remain in litigation		2
Reserves for total costs for asbestos liability claims pending or projected			$ 181,022
Percentage attributable to settlement costs for unasserted claims projected to be filed			73.00%
Reserves for total costs for asbestos liability claims pending or projected				151,708
Insurance recoveries receivable			118,115
Increased estimated coverage	$ 16,340

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Fair Value - Fair Value of Financial Assets and Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Foreign Currency Exchange Contracts [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value		$ 17
Foreign Currency Exchange Contracts [Member] | Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	308	426
Foreign Currency Exchange Contracts [Member] | Other Current Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value	288	488
Foreign Currency Exchange Contracts [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value		40
Investments [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	4,186	4,092
Quoted Prices in Active Markets for Identical Inputs (Level 1) [Member] | Foreign Currency Exchange Contracts [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value		0
Quoted Prices in Active Markets for Identical Inputs (Level 1) [Member] | Foreign Currency Exchange Contracts [Member] | Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Quoted Prices in Active Markets for Identical Inputs (Level 1) [Member] | Foreign Currency Exchange Contracts [Member] | Other Current Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value	0	0
Quoted Prices in Active Markets for Identical Inputs (Level 1) [Member] | Foreign Currency Exchange Contracts [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value		0
Quoted Prices in Active Markets for Identical Inputs (Level 1) [Member] | Investments [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	4,186	4,092
Significant Other Observable Inputs (Level 2) [Member] | Foreign Currency Exchange Contracts [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value		17
Significant Other Observable Inputs (Level 2) [Member] | Foreign Currency Exchange Contracts [Member] | Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	308	426
Significant Other Observable Inputs (Level 2) [Member] | Foreign Currency Exchange Contracts [Member] | Other Current Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value	288	488
Significant Other Observable Inputs (Level 2) [Member] | Foreign Currency Exchange Contracts [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value		40
Significant Other Observable Inputs (Level 2) [Member] | Investments [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Significant Unobservable Inputs (Level 3) [Member] | Foreign Currency Exchange Contracts [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value		0
Significant Unobservable Inputs (Level 3) [Member] | Foreign Currency Exchange Contracts [Member] | Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	0	0
Significant Unobservable Inputs (Level 3) [Member] | Foreign Currency Exchange Contracts [Member] | Other Current Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value	0	0
Significant Unobservable Inputs (Level 3) [Member] | Foreign Currency Exchange Contracts [Member] | Other Noncurrent Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, fair value		0
Significant Unobservable Inputs (Level 3) [Member] | Investments [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value	$ 0	$ 0

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Property, Plant and Equipment

3 Months Ended

Mar. 31, 2014

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

3. Property, Plant and Equipment

Property, plant and equipment were comprised of the following:

	March 31, 2014			December 31, 2013
Land and land improvements	$	5,136		$	5,122
Buildings		44,163			44,116
Machinery and equipment		251,945			250,936
Construction-in-progress		7,239			5,315
Other		8,744			8,711
		317,227			314,200
Accumulated depreciation		(165,976	)		(162,912	)
	$	151,251		$	151,288

Land and buildings of Union Electric Steel UK Limited (“UES-UK”) equal to approximately $3,289 (£1,974) at March 31, 2014 are held as collateral by the trustees of the UES-UK defined benefit pension plan (see Note 5).

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Accumulated Other Comprehensive Loss - Net Change and Ending Balances for Various Components of Accumulated Other Comprehensive Loss (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (45,865)	$ (82,375)
Net Change	1,220	(1,452)
Ending balance	(44,645)	(83,827)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	277	(1,543)
Net Change	548	(4,349)
Ending balance	825	(5,892)
Unrecognized Employee Benefit Costs [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(47,462)	(81,783)
Net Change	831	2,877
Ending balance	(46,631)	(78,906)
Unrealized Holding Gains on Marketable Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,007	633
Net Change	31	210
Ending balance	1,038	843
Realized Gains/Losses from Settlement of Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	313	318
Net Change	(190)	(190)
Ending balance	$ 123	$ 128

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Litigation (Tables)

3 Months Ended

Mar. 31, 2014

Text Block [Abstract]

Schedule of Loss Contingencies by Contingency

The following table reflects approximate information about the claims for Asbestos Liability against the subsidiary and the Corporation. The information in the table presented for 2013 includes certain asbestos claims asserted against an inactive subsidiary in dissolution.

	Three Months Ended March 31,
	2014			2013
Total claims pending at the beginning of the period		8,319			8,007
New claims served		393			381
Claims dismissed		(56	)		(106	)
Claims settled		(55	)		(55	)
Total claims pending at the end of the period (1)		8,601			8,227
Gross settlement and defense costs (in 000’s)	$	6,585		$	6,087
Avg. gross settlement and defense costs per claim resolved (in 000’s)	$	59.32		$	37.81

(1) Included as “open claims” are approximately 1,635 and 1,634 claims as of March 31, 2014 and 2013, respectively, classified in various jurisdictions as “inactive” or transferred to a state or federal judicial panel on multi-district litigation, commonly referred to as the MDL.

Summary of Activity in Asbestos Insurance Recoveries

The following table summarizes activity relating to insurance recoveries.

	Three Months Ended March 31,
	2014			2013
Insurance receivable – asbestos, beginning of the year	$	110,741		$	118,115
Settlement and defense costs paid by insurance carriers		(5,195	)		(8,432	)
Insurance receivable – asbestos, end of the period	$	105,546		$	109,683

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Business Segments (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Business Segment Net Sales and Income before Income Taxes

Presented below are the net sales and income before income taxes for the Corporation’s two business segments.

	Three Months Ended March 31,
	2014			2013
Net sales:
Forged and Cast Rolls	$	39,566		$	45,113
Air and Liquid Processing		23,347			24,511
Total Reportable Segments	$	62,913		$	69,624
Income before income taxes:
Forged and Cast Rolls	$	1,013		$	2,063
Air and Liquid Processing		2,111			2,210
Total Reportable Segments		3,124			4,273
Other expense, including corporate costs		(2,229	)		(3,206	)
Total	$	895		$	1,067

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Accumulated Other Comprehensive Loss - Line Items Affected on Condensed Consolidated Statements of Operations for Components Reclassified from Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Costs of products sold (excluding depreciation)	$ 50,063	$ 55,090
Selling and administrative	9,006	9,858
Other income (expense)	128	(603)
Income tax provision	(376)	(320)
Net income	78	126
Depreciation	(3,058)	(2,971)
Reclassification Out of Accumulated Other Comprehensive Income (Loss) [Member] | Amortization of Unrecognized Employee Benefit Costs [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Costs of products sold (excluding depreciation)	1,013	1,440
Selling and administrative	399	573
Other income (expense)	57	219
Total before income tax	1,469	2,232
Income tax provision	(512)	(806)
Net income	957	1,426
Reclassification Out of Accumulated Other Comprehensive Income (Loss) [Member] | Realized (Gains) on Sale of Marketable Securities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Selling and administrative	(28)	(7)
Income tax provision	10	2
Net income	(18)	(5)
Reclassification Out of Accumulated Other Comprehensive Income (Loss) [Member] | Realized Gains/Losses from Settlement of Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before income tax	29	7
Income tax provision	(11)	(4)
Net income	18	3
Reclassification Out of Accumulated Other Comprehensive Income (Loss) [Member] | Realized Gains/Losses from Settlement of Cash Flow Hedges [Member] | Foreign Currency Purchase Contracts [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Depreciation	(7)	(7)
Reclassification Out of Accumulated Other Comprehensive Income (Loss) [Member] | Realized Gains/Losses from Settlement of Cash Flow Hedges [Member] | Futures Contracts - Copper and Aluminum [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Costs of products sold (excluding depreciation)	$ 36	$ 14

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Inventories - Additional Information (Detail)	Mar. 31, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Percentage of inventories valued on the LIFO method	56.00%	56.00%

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Inventories - Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Inventory Disclosure [Abstract]
Raw materials	$ 18,586	$ 17,411
Work-in-process	29,882	29,322
Finished goods	8,733	5,894
Supplies	11,974	11,502
Inventories	$ 69,175	$ 64,129

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Inventories

3 Months Ended

Mar. 31, 2014

Inventory Disclosure [Abstract]

Inventories

2. Inventories

At March 31, 2014 and December 31, 2013, approximately 56% of the inventories were valued on the LIFO method with the remaining inventories valued on the FIFO method. Inventories were comprised of the following:

	March 31, 2014		December 31, 2013
Raw materials	$	18,586	$	17,411
Work-in-process		29,882		29,322
Finished goods		8,733		5,894
Supplies		11,974		11,502
	$	69,175	$	64,129

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Property, Plant and Equipment - Property, Plant and Equipment (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	$ 317,227	$ 314,200
Accumulated depreciation	(165,976)	(162,912)
Property, plant and equipment, Net	151,251	151,288
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	5,136	5,122
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	44,163	44,116
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	251,945	250,936
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	7,239	5,315
Other [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, Gross	$ 8,744	$ 8,711

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Derivative Instruments - Location and Fair Value of Foreign Currency Sales Contracts Recorded on Consolidated Balance Sheets (Detail) (Foreign Currency Sales Contracts [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Accounts Receivable for Fair Value Hedged Item [Member]
Derivative [Line Items]
Fair value hedged item	$ (59)	$ (36)
Other Current Assets [Member]
Derivative [Line Items]
Fair value hedge contracts	308	426
Other Noncurrent Assets [Member]
Derivative [Line Items]
Fair value hedge contracts	0	17
Other Current Liabilities [Member]
Derivative [Line Items]
Fair value hedged item	288	488
Other Noncurrent Liabilities [Member]
Derivative [Line Items]
Fair value hedged item	$ 0	$ 40

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Litigation - Summary of Activity in Asbestos Insurance Recoveries (Detail) (USD $) In Thousands, unless otherwise specified		3 Months Ended
	Dec. 31, 2012	Mar. 31, 2014 Asbestos Claims [Member]	Mar. 31, 2013 Asbestos Claims [Member]
Loss Contingencies [Line Items]
Insurance receivable - asbestos, beginning of the year	$ 118,115	$ 110,741	$ 118,115
Settlement and defense costs paid by insurance carriers		(5,195)	(8,432)
Insurance receivable - asbestos, end of the period	$ 118,115	$ 105,546	$ 109,683

XML

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 92,594	$ 97,910
Receivables, less allowance for doubtful accounts of $570 in 2014 and $551 in 2013	47,262	50,279
Inventories	69,175	64,129
Insurance receivables - asbestos	20,000	24,500
Other current assets	11,900	9,968
Total current assets	240,931	246,786
Property, plant and equipment, net	151,251	151,288
Insurance receivables - asbestos	85,546	86,241
Deferred income tax assets	6,404	6,832
Investments in joint ventures	4,676	5,010
Other noncurrent assets	6,591	6,516
Total Assets	495,399	502,673
Current liabilities:
Accounts payable	19,069	15,768
Accrued payrolls and employee benefits	7,900	8,875
Industrial Revenue Bond debt	13,311	13,311
Asbestos liability - current portion	26,000	27,000
Other current liabilities	18,640	21,720
Total current liabilities	84,920	86,674
Employee benefit obligations	49,580	49,146
Asbestos liability	125,708	131,293
Other noncurrent liabilities	466	565
Total liabilities	260,674	267,678
Commitments and contingent liabilities (Note 6)
Shareholders' equity:
Common stock - par value $1; authorized 20,000 shares; issued and outstanding 10,373 shares in 2014 and 2013	10,373	10,373
Additional paid-in capital	126,153	125,852
Retained earnings	142,844	144,635
Accumulated other comprehensive loss	(44,645)	(45,865)
Total shareholders' equity	234,725	234,995
Total Liabilities and Shareholders' Equity	$ 495,399	$ 502,673

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Accumulated Other Comprehensive Loss - Summary of Income Tax Expense (Benefit) Associated with Various Components of Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Tax expense (benefit) associated with changes in:
Unrealized holding gains/losses on marketable securities	$ (26)	$ (116)
Fair value of cash flow hedges	128	116
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs	(512)	(806)
Realized gains/losses from sale of marketable securities	10	2
Realized gains/losses from settlement of cash flow hedges	$ (11)	$ (4)

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement Of Cash Flows [Abstract]
Net cash flows (used in) provided by operating activities	$ (707)	$ 10,092
Cash flows from investing activities:
Purchases of property, plant and equipment	(2,840)	(4,562)
Purchases of long-term marketable securities	(210)	(163)
Proceeds from the sale of long-term marketable securities	183	140
Proceeds from the disposition of property, plant and equipment	0	6
Net cash flows used in investing activities	(2,867)	(4,579)
Cash flows from financing activities:
Dividends paid	(1,867)	(1,862)
Net cash flows used in financing activities	(1,867)	(1,862)
Effect of exchange rate changes on cash and cash equivalents	125	(375)
Net (decrease) increase in cash and cash equivalents	(5,316)	3,276
Cash and cash equivalents at beginning of period	97,910	78,889
Cash and cash equivalents at end of period	92,594	82,165
Supplemental information:
Income tax payments	3,018	0
Interest payments	54	54
Non-cash investing activities:
Purchases of property, plant and equipment included in accounts payable	$ 997	$ 812

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Other Current Liabilities - Schedule of Changes in Liability for Product Warranty Claims (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Other Liabilities Disclosure [Abstract]
Balance at beginning of the period	$ 6,899	$ 6,625
Satisfaction of warranty claims	(731)	(545)
Provision for warranty claims	605	575
Other, primarily impact from changes in foreign currency exchange rates	24	(246)
Balance at end of the period	$ 6,797	$ 6,409

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Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2014

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment were comprised of the following:

	March 31, 2014			December 31, 2013
Land and land improvements	$	5,136		$	5,122
Buildings		44,163			44,116
Machinery and equipment		251,945			250,936
Construction-in-progress		7,239			5,315
Other		8,744			8,711
		317,227			314,200
Accumulated depreciation		(165,976	)		(162,912	)
	$	151,251		$	151,288

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Pension and Other Postretirement Benefits - Contributions for Pension and Other Postretirement Benefits (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
U.K. Defined Benefit Pension Plan [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Contributions	$ 466	$ 438
Other Postretirement Benefits Plan [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Contributions	137	122
U.K. Defined Contribution Pension Plan [Member]
Pension Plans, Postretirement and Other Employee Benefits [Line Items]
Contributions	$ 92	$ 74

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Pension and Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2014

Compensation And Retirement Disclosure [Abstract]

Contributions for Pension and Other Postretirement Benefits

Contributions were as follows:

	Three Months Ended March 31,
	2014		2013
U.K. defined benefit pension plan	$	466	$	438
Other postretirement benefits (e.g. net payments)	$	137	$	122
U.K. defined contribution pension plan	$	92	$	74

Net Periodic Pension and Other Postretirement Costs

Net periodic pension and other postretirement costs include the following components:

	Three Months Ended March 31,
U.S. Defined Benefit Pension Plan	2014			2013
Service cost	$	1,000		$	1,169
Interest cost		2,230			2,020
Expected return on plan assets		(2,643	)		(2,359	)
Amortization of prior service cost		213			166
Amortization of actuarial loss		1,096			1,808
Net benefit costs	$	1,896		$	2,804

	Three Months Ended March 31,
U.K. Defined Benefit Pension Plan	2014			2013
Interest cost	$	679		$	618
Expected return on plan assets		(796	)		(595	)
Amortization of actuarial loss		151			153
Net benefit costs	$	34		$	176

	Three Months Ended March 31,
Other Postretirement Benefit Plan	2014		2013
Service cost	$	264	$	201
Interest cost		227		208
Amortization of prior service cost		5		21
Amortization of actuarial loss		4		84
Net benefit costs	$	500	$	514

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Unaudited Condensed Consolidated Financial Statements

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Unaudited Condensed Consolidated Financial Statements

1. Unaudited Condensed Consolidated Financial Statements

The condensed consolidated balance sheet as of March 31, 2014 and the condensed consolidated statements of operations, comprehensive income (loss) and cash flows for the three months ended March 31, 2014 and 2013 have been prepared by Ampco-Pittsburgh Corporation (the “Corporation”) without audit. In the opinion of management, all adjustments, consisting of only normal and recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the periods presented, have been made. The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the operating results expected for the full year.

Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. Certain amounts for the preceding period have been reclassified for comparative purposes.

Recently Implemented Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which requires, under certain circumstances, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The guidance became effective January 1, 2014 but did not affect the balance sheet, operating results or liquidity of the Corporation.

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]
Receivables, allowance for doubtful accounts	$ 570	$ 551
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	20,000	20,000
Common stock, shares issued	10,373	10,373
Common stock, shares outstanding	10,373	10,373

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Business Segments

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Business Segments

11. Business Segments

Presented below are the net sales and income before income taxes for the Corporation’s two business segments.

	Three Months Ended March 31,
	2014			2013
Net sales:
Forged and Cast Rolls	$	39,566		$	45,113
Air and Liquid Processing		23,347			24,511
Total Reportable Segments	$	62,913		$	69,624
Income before income taxes:
Forged and Cast Rolls	$	1,013		$	2,063
Air and Liquid Processing		2,111			2,210
Total Reportable Segments		3,124			4,273
Other expense, including corporate costs		(2,229	)		(3,206	)
Total	$	895		$	1,067

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Document and Entity Information	3 Months Ended
	Mar. 31, 2014	May 02, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1
Entity Registrant Name	AMPCO PITTSBURGH CORP
Entity Central Index Key	0000006176
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		10,398,080

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Litigation

3 Months Ended

Mar. 31, 2014

Text Block [Abstract]

Litigation

12. Litigation (claims not in thousands)

The Corporation and its subsidiaries are involved in various claims and lawsuits incidental to their businesses. In addition, it is also subject to asbestos litigation as described below.

Asbestos Litigation

Claims have been asserted alleging personal injury from exposure to asbestos-containing components historically used in some products of predecessors of the Corporation’s Air & Liquid subsidiary (“Asbestos Liability”). Those subsidiaries, and in some cases the Corporation, are defendants (among a number of defendants, often in excess of 50) in cases filed in various state and federal courts.

Asbestos Claims

The following table reflects approximate information about the claims for Asbestos Liability against the subsidiary and the Corporation. The information in the table presented for 2013 includes certain asbestos claims asserted against an inactive subsidiary in dissolution.

	Three Months Ended March 31,
	2014			2013
Total claims pending at the beginning of the period		8,319			8,007
New claims served		393			381
Claims dismissed		(56	)		(106	)
Claims settled		(55	)		(55	)
Total claims pending at the end of the period (1)		8,601			8,227
Gross settlement and defense costs (in 000’s)	$	6,585		$	6,087
Avg. gross settlement and defense costs per claim resolved (in 000’s)	$	59.32		$	37.81

(1) Included as “open claims” are approximately 1,635 and 1,634 claims as of March 31, 2014 and 2013, respectively, classified in various jurisdictions as “inactive” or transferred to a state or federal judicial panel on multi-district litigation, commonly referred to as the MDL.

A substantial majority of the settlement and defense costs reflected in the above table was reported and paid by insurers. Because claims are often filed and can be settled or dismissed in large groups, the amount and timing of settlements, as well as the number of open claims, can fluctuate significantly from period to period.

Asbestos Insurance

The Corporation and its Air & Liquid subsidiary are parties to a series of settlement agreements (“Settlement Agreements”) with insurers that have coverage obligations for Asbestos Liability (the “Settling Insurers”). Under the Settlement Agreements, the Settling Insurers accept financial responsibility, subject to the terms and conditions of the respective agreements, including overall coverage limits, for pending and future claims for Asbestos Liability. The Settlement Agreements encompass the substantial majority of insurance policies that provide coverage for claims for Asbestos Liability.

The Settlement Agreements include acknowledgements that Howden North America, Inc. (“Howden”) is entitled to coverage under policies covering Asbestos Liability for claims arising out of the historical products manufactured or distributed by Buffalo Forge, a former subsidiary of the Corporation (the “Products”). The Settlement Agreements do not provide for any prioritization on access to the applicable policies or any sublimits of liability as to Howden or the Corporation and Air & Liquid, and, accordingly, Howden may access the coverage afforded by the Settling Insurers for any covered claim arising out of a Product. In general, access by Howden to the coverage afforded by the Settling Insurers for the Products will erode coverage under the Settlement Agreements available to the Corporation and Air & Liquid for Asbestos Liability.

On February 24, 2011, the Corporation and Air & Liquid filed a lawsuit in the United States District Court for the Western District of Pennsylvania against thirteen domestic insurance companies, certain underwriters at Lloyd’s, London and certain London market insurance companies, and Howden. The lawsuit seeks a declaratory judgment regarding the respective rights and obligations of the parties under excess insurance policies that were issued to the Corporation from 1981 through 1984 as respects claims against the Corporation and its subsidiary for Asbestos Liability and as respects asbestos bodily-injury claims against Howden arising from the Products. The Corporation and Air & Liquid have reached Settlement Agreements with all but two of the defendant insurers in the coverage action. Those Settlement Agreements specify the terms and conditions upon which the insurer parties are to contribute to defense and indemnity costs for claims for Asbestos Liability. One of the Settlement Agreements entered into by the Corporation and Air & Liquid also provided for the dismissal of claims, without prejudice, regarding two upper-level excess policies issued by one of the insurers. The Court has entered Orders dismissing all claims in the action filed against each other by the Corporation and Air & Liquid, on the one hand, and by the settling insurers, on the other. Howden also reached an agreement with eight domestic insurers addressing asbestos-related bodily injury claims arising from the Products, and claims as to those insurers and Howden have been dismissed. Various counterclaims, cross claims and third party claims have been filed in the litigation and remain pending although only two domestic insurers and Howden remain in the litigation as to the Corporation and Air & Liquid. On September 27, 2013, the Court issued a memorandum opinion and order granting in part and denying in part cross motions for summary judgment filed by the Corporation and Air & Liquid, Howden, and the insurer parties still in the litigation. The September 27, 2013 ruling is not a final ruling for appellate purposes, but when final it could be appealed by the parties to the litigation.

Asbestos Valuations

In 2006, the Corporation retained Hamilton, Rabinovitz & Associates, Inc. (“HR&A”), a nationally recognized expert in the valuation of asbestos liabilities, to assist the Corporation in estimating the potential liability for pending and unasserted future claims for Asbestos Liability. Based on this analysis, the Corporation recorded a reserve for Asbestos Liability claims pending or projected to be asserted through 2013 as at December 31, 2006. HR&A’s analysis has been periodically updated since that time. Most recently, the HR&A analysis was updated in 2012, and additional reserves were established by the Corporation as at December 31, 2012 for Asbestos Liability claims pending or projected to be asserted through 2022. The methodology used by HR&A in its projection in 2012 of the operating subsidiaries’ liability for pending and unasserted potential future claims for Asbestos Liability, which is substantially the same as the methodology employed by HR&A in prior estimates, relied upon and included the following factors:

• HR&A’s interpretation of a widely accepted forecast of the population likely to have been exposed to asbestos;

• epidemiological studies estimating the number of people likely to develop asbestos-related diseases;

• HR&A’s analysis of the number of people likely to file an asbestos-related injury claim against the subsidiaries and the Corporation based on such epidemiological data and relevant claims history from January 1, 2010 to December 20, 2012;

• an analysis of pending cases, by type of injury claimed and jurisdiction where the claim is filed;

• an analysis of claims resolution history from January 1, 2010 to December 20, 2012 to determine the average settlement value of claims, by type of injury claimed and jurisdiction of filing; and

• an adjustment for inflation in the future average settlement value of claims, at an annual inflation rate based on the Congressional Budget Office’s ten year forecast of inflation.

Using this information, HR&A estimated in 2012 the number of future claims for Asbestos Liability that would be filed through the year 2022, as well as the settlement or indemnity costs that would be incurred to resolve both pending and future unasserted claims through 2022. This methodology has been accepted by numerous courts.

In conjunction with developing the aggregate liability estimate referenced above, the Corporation also developed an estimate of probable insurance recoveries for its Asbestos Liabilities. In developing the estimate, the Corporation considered HR&A’s projection for settlement or indemnity costs for Asbestos Liability and management’s projection of associated defense costs (based on the current defense to indemnity cost ratio), as well as a number of additional factors. These additional factors included the Settlement Agreements then in effect, policy exclusions, policy limits, policy provisions regarding coverage for defense costs, attachment points, prior impairment of policies and gaps in the coverage, policy exhaustions, insolvencies among certain of the insurance carriers, and the nature of the underlying claims for Asbestos Liability asserted against the subsidiaries and the Corporation as reflected in the Corporation’s asbestos claims database, as well as estimated erosion of insurance limits on account of claims against Howden arising out of the Products. In addition to consulting with the Corporation’s outside legal counsel on these insurance matters, the Corporation consulted with a nationally-recognized insurance consulting firm it retained to assist the Corporation with certain policy allocation matters that also are among the several factors considered by the Corporation when analyzing potential recoveries from relevant historical insurance for Asbestos Liabilities. Based upon all of the factors considered by the Corporation, and taking into account the Corporation’s analysis of publicly available information regarding the credit-worthiness of various insurers, the Corporation estimated the probable insurance recoveries for Asbestos Liability and defense costs through 2022. Although the Corporation believes that the assumptions employed in the insurance valuation were reasonable and previously consulted with its outside legal counsel and insurance consultant regarding those assumptions, there are other assumptions that could have been employed that would have resulted in materially lower insurance recovery projections.

Based on the analyses described above, the Corporation’s reserve at December 31, 2012 for the total costs, including defense costs, for Asbestos Liability claims pending or projected to be asserted through 2022 was $181,022, of which approximately 73% was attributable to settlement costs for unasserted claims projected to be filed through 2022 and future defense costs. The reserve at March 31, 2014 was $151,708. While it is reasonably possible that the Corporation will incur additional charges for Asbestos Liability and defense costs in excess of the amounts currently reserved, the Corporation believes that there is too much uncertainty to provide for reasonable estimation of the number of future claims, the nature of such claims and the cost to resolve them beyond 2022. Accordingly, no reserve has been recorded for any costs that may be incurred after 2022.

The Corporation’s receivable at December 31, 2012 for insurance recoveries attributable to the claims for which the Corporation’s Asbestos Liability reserve has been established, including the portion of incurred defense costs covered by the Settlement Agreements in effect through December 31, 2012, and the probable payments and reimbursements relating to the estimated indemnity and defense costs for pending and unasserted future Asbestos Liability claims, was $118,115. The Corporation increased its receivable at September 30, 2013 by $16,340 to take into account the effect of the Settlement Agreements reached in August 2013.

The following table summarizes activity relating to insurance recoveries.

	Three Months Ended March 31,
	2014			2013
Insurance receivable – asbestos, beginning of the year	$	110,741		$	118,115
Settlement and defense costs paid by insurance carriers		(5,195	)		(8,432	)
Insurance receivable – asbestos, end of the period	$	105,546		$	109,683

The insurance receivable recorded by the Corporation does not assume any recovery from insolvent carriers or carriers not party to a Settlement Agreement, and a substantial majority of the insurance recoveries deemed probable was from insurance companies rated A – (excellent) or better by A.M. Best Corporation. There can be no assurance, however, that there will not be further insolvencies among the relevant insurance carriers, or that the assumed percentage recoveries for certain carriers will prove correct. The difference between insurance recoveries and projected costs is not due to exhaustion of all insurance coverage for Asbestos Liability. The Corporation and the subsidiaries have substantial additional insurance coverage which the Corporation expects to be available for Asbestos Liability claims and defense costs that the subsidiaries and it may incur after 2022. However, this insurance coverage also can be expected to have gaps creating significant shortfalls of insurance recoveries as against claims expense, which could be material in future years.

The amounts recorded by the Corporation for Asbestos Liabilities and insurance receivables rely on assumptions that are based on currently known facts and strategy. The Corporation’s actual expenses or insurance recoveries could be significantly higher or lower than those recorded if assumptions used in the Corporation’s or HR&A’s calculations vary significantly from actual results. Key variables in these assumptions are identified above and include the number and type of new claims to be filed each year, the average cost of disposing of each such new claim, average annual defense costs, compliance by relevant parties with the terms of the Settlement Agreements, the resolution of remaining coverage issues with insurance carriers, and the solvency risk with respect to the relevant insurance carriers. Other factors that may affect the Corporation’s Asbestos Liability and ability to recover under its insurance policies include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that may be made by state and federal courts, and the passage of state or federal tort reform legislation.

The Corporation intends to evaluate its estimated Asbestos Liability and related insurance receivables as well as the underlying assumptions on a regular basis to determine whether any adjustments to the estimates are required. Due to the uncertainties surrounding asbestos litigation and insurance, these regular reviews may result in the Corporation incurring future charges; however, the Corporation is currently unable to estimate such future charges. Adjustments, if any, to the Corporation’s estimate of its recorded Asbestos Liability and/or insurance receivables could be material to operating results for the periods in which the adjustments to the liability or receivable are recorded, and to the Corporation’s liquidity and consolidated financial position.

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Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Statement [Abstract]
Net sales	$ 62,913	$ 69,624
Operating costs and expenses:
Costs of products sold (excluding depreciation)	50,063	55,090
Selling and administrative	9,006	9,858
Depreciation	3,058	2,971
Loss (gain) on disposal of assets	9	(6)
Total operating expenses	62,136	67,913
Income from operations	777	1,711
Other income (expense):
Investment-related income	44	12
Interest expense	(54)	(53)
Other - net	128	(603)
Total other income (expense)	118	(644)
Income before income taxes and equity losses in Chinese joint venture	895	1,067
Income tax provision	(376)	(320)
Equity losses in Chinese joint venture	(441)	(621)
Net income	$ 78	$ 126
Net income per common share:
Basic	$ 0.01	$ 0.01
Diluted	$ 0.01	$ 0.01
Cash dividends declared per share	$ 0.18	$ 0.18
Weighted average number of common shares outstanding:
Basic	10,373	10,346
Diluted	10,423	10,399

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Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2014

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingent Liabilities

6. Commitments and Contingent Liabilities

Outstanding standby and commercial letters of credit as of March 31, 2014 approximated $17,931, the majority of which serve as collateral for the Industrial Revenue Bond debt.

In 2010, UES-UK was awarded a government grant of up to $1,325 (£850) toward the purchase and installation of certain machinery and equipment of which $1,083 (£680) has been received to date. Under the agreement, the grant is repayable if certain conditions are not met including achieving and maintaining a targeted level of employment through 2017. UES-UK’s level of employment currently exceeds and is expected to continue to exceed the targeted level of employment; accordingly, no liability has been recorded.

See Note 7 for derivative instruments, Note 12 for litigation and Note 13 for environmental matters.

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Pension and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2014

Compensation And Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits

5. Pension and Other Postretirement Benefits

Contributions were as follows:

	Three Months Ended March 31,
	2014		2013
U.K. defined benefit pension plan	$	466	$	438
Other postretirement benefits (e.g. net payments)	$	137	$	122
U.K. defined contribution pension plan	$	92	$	74

Net periodic pension and other postretirement costs include the following components:

	Three Months Ended March 31,
U.S. Defined Benefit Pension Plan	2014			2013
Service cost	$	1,000		$	1,169
Interest cost		2,230			2,020
Expected return on plan assets		(2,643	)		(2,359	)
Amortization of prior service cost		213			166
Amortization of actuarial loss		1,096			1,808
Net benefit costs	$	1,896		$	2,804

	Three Months Ended March 31,
U.K. Defined Benefit Pension Plan	2014			2013
Interest cost	$	679		$	618
Expected return on plan assets		(796	)		(595	)
Amortization of actuarial loss		151			153
Net benefit costs	$	34		$	176

	Three Months Ended March 31,
Other Postretirement Benefit Plan	2014		2013
Service cost	$	264	$	201
Interest cost		227		208
Amortization of prior service cost		5		21
Amortization of actuarial loss		4		84
Net benefit costs	$	500	$	514

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Other Current Liabilities (Tables)

3 Months Ended

Mar. 31, 2014

Other Liabilities Disclosure [Abstract]

Schedule of Other Current Liabilities

Other current liabilities were comprised of the following:

	March 31,  2014		December 31,  2013
Customer-related liabilities	$	10,089	$	10,610
Accrued sales commissions		1,447		1,648
Income taxes payable		66		1,063
Other		7,038		8,399
	$	18,640	$	21,720

Schedule of Changes in Liability for Product Warranty Claims

Changes in the liability for product warranty claims consisted of the following:

	Three Months Ended March 31,
	2014			2013
Balance at beginning of the period	$	6,899		$	6,625
Satisfaction of warranty claims		(731	)		(545	)
Provision for warranty claims		605			575
Other, primarily impact from changes in foreign currency exchange rates		24			(246	)
Balance at end of the period	$	6,797		$	6,409

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Environmental Matters

3 Months Ended

Mar. 31, 2014

Environmental Remediation Obligations [Abstract]

Environmental Matters

13. Environmental Matters

The Corporation is currently performing certain remedial actions in connection with the sale of real estate previously owned. Environmental exposures are difficult to assess and estimate for numerous reasons including lack of reliable data, the multiplicity of possible solutions, the years of remedial and monitoring activity required, and identification of new sites. In the opinion of management and in consideration of advice from the Corporation’s consultants, the potential liability for all environmental proceedings of approximately $242 at March 31, 2013 is considered adequate based on information known to date.

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

9. Stock-Based Compensation

In May 2011, the shareholders of the Corporation approved the adoption of the 2011 Omnibus Incentive Plan (“Incentive Plan”) which authorizes the issuance of up to 1,000,000 shares of the Corporation’s common stock for grants of equity-based compensation. Awards under the Incentive Plan may include incentive non-qualified stock options, stock appreciation rights, restricted shares and restricted stock units, performance awards, other stock-based awards or short-term cash incentive awards. Unexercised portions of terminated or forfeited awards are available for new awards. The Incentive Plan is administered by the Compensation Committee of the Board of Directors who has the authority to determine, within the limits of the express provisions of the Incentive Plan, the individuals to whom the awards will be granted; the nature, amount and terms of such awards; and the objectives and conditions for earning such awards. In April 2014, the Compensation Committee granted 172,000 non-qualified stock options to select employees. The options have a ten-year life and vest over a three-year period.

The Incentive Plan also provides for annual grants of shares of the Corporation’s common stock to non-employee directors following the Corporation’s annual shareholder meeting. Each annual director award will be for a number of shares having a fair market value equal to $25 and will be fully vested as of the grant date. In April 2014, 12,500 shares of the Corporation’s common stock were granted to the non-employee directors.

Stock-based compensation expense for the three months ended March 31, 2014 and 2013 equaled $351 and $296, respectively. The related income tax benefit recognized in the condensed consolidated statements of operations for each of the periods was approximately $123 and $104, respectively.

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Derivative Instruments

3 Months Ended

Mar. 31, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Instruments

7. Derivative Instruments

Certain of the Corporation’s operations are subject to risk from exchange rate fluctuations in connection with sales in foreign currencies. To minimize this risk, foreign currency sales contracts are entered into which are designated as cash flow or fair value hedges. As of March 31, 2014, approximately $15,838 of anticipated foreign-denominated sales has been hedged which are covered by fair value contracts settling at various dates through January 2015. The fair value of assets held as collateral for the fair value contracts as of March 31, 2014 approximated $833. As of March 31, 2014, there are no cash flow contracts outstanding for future sales.

Additionally, certain of the divisions of the Air and Liquid Processing segment are subject to risk from increases in the price of commodities (copper and aluminum) used in the production of inventory. To minimize this risk, futures contracts are entered into which are designated as cash flow hedges. At March 31, 2014, approximately 57% or $2,907 of anticipated copper purchases over the next nine months and 38% or $452 of anticipated aluminum purchases over the next six months are hedged. The fair value of assets held as collateral as of March 31, 2014 equaled $400.

The Corporation previously entered into foreign currency purchase contracts to manage the volatility associated with Euro-denominated progress payments to be made for certain machinery and equipment. As of December 31, 2010, all contracts had been settled and the underlying fixed assets were placed in service.

No portion of the existing cash flow or fair value hedges is considered to be ineffective, including any ineffectiveness arising from the unlikelihood of an anticipated transaction to occur. Additionally, no amounts have been excluded from assessing the effectiveness of a hedge.

At March 31, 2014, the Corporation has purchase commitments covering 50% or $3,754 of anticipated natural gas usage through 2015 at one of its subsidiaries. The commitments qualify as normal purchases and, accordingly, are not reflected on the condensed consolidated balance sheet.

The Corporation does not enter into derivative transactions for speculative purposes and, therefore, holds no derivative instruments for trading purposes.

Gains (losses) on foreign exchange transactions included in other income (expense) approximated $207 and $(300) for the three months ended March 31, 2014 and 2013, respectively.

The location and fair value of the foreign currency sales contracts recorded on the condensed consolidated balance sheets were as follows:

	Location	March 31, 2014			December 31, 2013
Fair value hedge contracts	Other current assets	$	308		$	426
	Other noncurrent assets		0			17
Fair value hedged items	Receivables		(59	)		(36	)
	Other current liabilities		288			488
	Other noncurrent liabilities		0			40

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive loss. The balances as of March 31, 2014 and 2013 and the amount recognized as and reclassified from accumulated other comprehensive loss for each of the periods is summarized below. All amounts are after-tax.

Three Months Ended March 31, 2014	Comprehensive Income (Loss) Beginning of the Year		Plus Recognized as Comprehensive Income (Loss)			Less Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss)			Comprehensive Income (Loss) End of the Period
Foreign currency purchase contracts	$	275	$	0		$	5		$	270
Futures contracts – copper and aluminum		38		(208	)		(23	)		(147	)
	$	313	$	(208	)	$	(18	)	$	123

Three Months Ended March 31, 2013
Foreign currency purchase contracts	$	292	$	0		$	5		$	287
Futures contracts – copper and aluminum		26		(193	)		(8	)		(159	)
	$	318	$	(193	)	$	(3	)	$	128

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive loss to earnings is summarized below. All amounts are pre-tax.

	Location of Gain (Loss) in Statements	Estimated to be Reclassified in the Next			Three Months Ended March 31,
	of Operations	12 Months			2014			2013
Foreign currency purchase contracts	Depreciation	$	28		$	7		$	7
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation)		(239	)		(36	)		(14	)

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Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Accumulated Other Comprehensive Loss

8. Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the three months ended March 31, 2013 and 2012 is summarized below. All amounts are net of tax, where applicable.

	Foreign Currency Translation Adjustments			Unrecognized Employee Benefit Costs			Unrealized Holding Gains on Marketable Securities		Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at January 1, 2014	$	277		$	(47,462	)	$	1,007	$	313		$	(45,865	)
Net Change		548			831			31		(190	)		1,220
Balance at March 31, 2014	$	825		$	(46,631	)	$	1,038	$	123		$	(44,645	)
Balance at January 1, 2013	$	(1,543	)	$	(81,783	)	$	633	$	318		$	(82,375	)
Net Change		(4,349	)		2,877			210		(190	)		(1,452	)
Balance at March 31, 2013	$	(5,892	)	$	(78,906	)	$	843	$	128		$	(83,827	)

The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive loss. Amounts in parentheses represent credits to net income.

	Three Months Ended    March 31,
	2014			2013			Affected Line Item
Amortization of unrecognized employee benefit costs	$	1,013		$	1,440		Costs of products sold (excluding depreciation)
		399			573		Selling and administrative
		57			219		Other income (expense)
		1,469			2,232		Total before income tax
		(512	)		(806	)	Income tax provision
	$	957		$	1,426		Net of tax

	Three Months Ended     March 31,
	2014			2013
Realized (gains) on sale of marketable securities	$	(28	)	$	(7	)	Selling and administrative
		10			2		Income tax provision
	$	(18	)	$	(5	)	Net of tax

	Three Months Ended  March 31,
	2014			2013
Realized (gains) losses from settlement of cash flow hedges:
Foreign currency purchase contracts	$	(7	)	$	(7	)	Depreciation
Futures contracts – copper and aluminum		36			14		Costs of products sold (excluding depreciation)
		29			7		Total before income tax
		(11	)		(4	)	Income tax provision
	$	18		$	3		Net of tax

The income tax expense (benefit) associated with the various components of other comprehensive income (loss) for the three months ended March 31, 2014 and 2013 is summarized below. Foreign currency translation adjustments exclude the effect of income taxes since earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time.

	Three Months Ended March 31,
	2014			2013
Tax expense (benefit) associated with changes in:
Unrealized holding gains/losses on marketable securities	$	(26	)	$	(116	)
Fair value of cash flow hedges		128			116
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		(512	)		(806	)
Realized gains/losses from sale of marketable securities		10			2
Realized gains/losses from settlement of cash flow hedges		(11	)		(4	)

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Fair Value

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value

10. Fair Value

The Corporation’s financial assets and liabilities that are reported at fair value in the condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013 were as follows:

	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of March 31, 2014
Investments
Other noncurrent assets	$	4,186	$	0	$	0	$	4,186
Foreign currency exchange contracts
Other current assets		0		308		0		308
Other current liabilities		0		288		0		288
As of December 31, 2013
Investments
Other noncurrent assets	$	4,092	$	0	$	0	$	4,092
Foreign currency exchange contracts
Other current assets		0		426		0		426
Other noncurrent assets		0		17		0		17
Other current liabilities		0		488		0		488
Other noncurrent liabilities		0		40		0		40

The investments held as other noncurrent assets represent assets held in a “Rabbi” trust for the purpose of providing benefits under a non-qualified defined benefit pension plan. The fair value of the investments is based on quoted prices of the investments in active markets. The fair value of foreign currency exchange contracts is determined based on the fair value of similar contracts with similar terms and remaining maturities. The fair value of futures contracts is based on market quotations. The fair value of the variable-rate IRB debt approximates its carrying value. Additionally, the fair value of trade receivables and trade payables approximates their carrying value.

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Other Current Liabilities - Schedule of Other Current Liabilities (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Other Liabilities Disclosure [Abstract]
Customer-related liabilities	$ 10,089	$ 10,610
Accrued sales commissions	1,447	1,648
Income taxes payable	66	1,063
Other	7,038	8,399
Other current liabilities	$ 18,640	$ 21,720

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Litigation - Schedule of Loss Contingencies by Contingency (Parenthetical) (Detail)	Mar. 31, 2014 Claim	Mar. 31, 2013 Claim
Commitments And Contingencies Disclosure [Abstract]
Number of claims inactive or transferred to MDL panel	1,635	1,634

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Inventories (Tables)

3 Months Ended

Mar. 31, 2014

Inventory Disclosure [Abstract]

Inventories

Inventories were comprised of the following:

	March 31, 2014		December 31, 2013
Raw materials	$	18,586	$	17,411
Work-in-process		29,882		29,322
Finished goods		8,733		5,894
Supplies		11,974		11,502
	$	69,175	$	64,129

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Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2014

Equity [Abstract]

Net Change and Ending Balances for Various Components of Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the three months ended March 31, 2013 and 2012 is summarized below. All amounts are net of tax, where applicable.

	Foreign Currency Translation Adjustments			Unrecognized Employee Benefit Costs			Unrealized Holding Gains on Marketable Securities		Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at January 1, 2014	$	277		$	(47,462	)	$	1,007	$	313		$	(45,865	)
Net Change		548			831			31		(190	)		1,220
Balance at March 31, 2014	$	825		$	(46,631	)	$	1,038	$	123		$	(44,645	)
Balance at January 1, 2013	$	(1,543	)	$	(81,783	)	$	633	$	318		$	(82,375	)
Net Change		(4,349	)		2,877			210		(190	)		(1,452	)
Balance at March 31, 2013	$	(5,892	)	$	(78,906	)	$	843	$	128		$	(83,827	)

Line Items Affected on Condensed Consolidated Statements of Operations for Components Reclassified from Accumulated Other Comprehensive Income (Loss)

The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive loss. Amounts in parentheses represent credits to net income.

	Three Months Ended    March 31,
	2014			2013			Affected Line Item
Amortization of unrecognized employee benefit costs	$	1,013		$	1,440		Costs of products sold (excluding depreciation)
		399			573		Selling and administrative
		57			219		Other income (expense)
		1,469			2,232		Total before income tax
		(512	)		(806	)	Income tax provision
	$	957		$	1,426		Net of tax

	Three Months Ended     March 31,
	2014			2013
Realized (gains) on sale of marketable securities	$	(28	)	$	(7	)	Selling and administrative
		10			2		Income tax provision
	$	(18	)	$	(5	)	Net of tax

	Three Months Ended  March 31,
	2014			2013
Realized (gains) losses from settlement of cash flow hedges:
Foreign currency purchase contracts	$	(7	)	$	(7	)	Depreciation
Futures contracts – copper and aluminum		36			14		Costs of products sold (excluding depreciation)
		29			7		Total before income tax
		(11	)		(4	)	Income tax provision
	$	18		$	3		Net of tax

Summary of Income Tax Expense (Benefit) Associated with Various Components of Other Comprehensive Income (Loss)

The income tax expense (benefit) associated with the various components of other comprehensive income (loss) for the three months ended March 31, 2014 and 2013 is summarized below. Foreign currency translation adjustments exclude the effect of income taxes since earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time.

	Three Months Ended March 31,
	2014			2013
Tax expense (benefit) associated with changes in:
Unrealized holding gains/losses on marketable securities	$	(26	)	$	(116	)
Fair value of cash flow hedges		128			116
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		(512	)		(806	)
Realized gains/losses from sale of marketable securities		10			2
Realized gains/losses from settlement of cash flow hedges		(11	)		(4	)

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Business Segments - Business Segment Net Sales and Income before Income Taxes (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenue from External Customer [Line Items]
Net sales	$ 62,913	$ 69,624
Income before income taxes	895	1,067
Operating Segments [Member]
Revenue from External Customer [Line Items]
Net sales	62,913	69,624
Income before income taxes	3,124	4,273
Operating Segments [Member] | Forged and Cast Rolls [Member]
Revenue from External Customer [Line Items]
Net sales	39,566	45,113
Income before income taxes	1,013	2,063
Operating Segments [Member] | Air and Liquid Processing [Member]
Revenue from External Customer [Line Items]
Net sales	23,347	24,511
Income before income taxes	2,111	2,210
Other Expense, Including Corporate Costs [Member]
Revenue from External Customer [Line Items]
Income before income taxes	$ (2,229)	$ (3,206)

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Derivative Instruments - Summary of Amount Recognized as and Reclassified from Accumulated Other Comprehensive Income (Loss) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Derivative [Line Items]
Comprehensive Income (Loss) Beginning of the Year	$ 313	$ 318
Recognized as Comprehensive Income (Loss)	(208)	(193)
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss)	(18)	(3)
Comprehensive Income (Loss) End of the Period	123	128
Foreign Currency Purchase Contracts [Member]
Derivative [Line Items]
Comprehensive Income (Loss) Beginning of the Year	275	292
Recognized as Comprehensive Income (Loss)	0	0
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss)	5	5
Comprehensive Income (Loss) End of the Period	270	287
Futures Contracts - Copper and Aluminum [Member]
Derivative [Line Items]
Comprehensive Income (Loss) Beginning of the Year	38	26
Recognized as Comprehensive Income (Loss)	(208)	(193)
Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss)	(23)	(8)
Comprehensive Income (Loss) End of the Period	$ (147)	$ (159)

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Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 78	$ 126
Adjustments for changes in:
Foreign currency translation	548	(4,349)
Unrecognized employee benefit costs (including effects of foreign currency translation)	(126)	1,451
Unrealized holding gains on marketable securities	49	215
Fair value of cash flow hedges	(208)	(193)
Reclassification adjustments for items included in net income:
Amortization of unrecognized employee benefit costs	957	1,426
Realized gains on sale of marketable securities	(18)	(5)
Realized losses from settlement of cash flow hedges	18	3
Other comprehensive income (loss)	1,220	(1,452)
Comprehensive income (loss)	$ 1,298	$ (1,326)

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Other Current Liabilities

3 Months Ended

Mar. 31, 2014

Other Liabilities Disclosure [Abstract]

Other Current Liabilities

4. Other Current Liabilities

Other current liabilities were comprised of the following:

	March 31,  2014		December 31,  2013
Customer-related liabilities	$	10,089	$	10,610
Accrued sales commissions		1,447		1,648
Income taxes payable		66		1,063
Other		7,038		8,399
	$	18,640	$	21,720

Included in customer-related liabilities are costs expected to be incurred with respect to product warranties. Changes in the liability for product warranty claims consisted of the following:

	Three Months Ended March 31,
	2014			2013
Balance at beginning of the period	$	6,899		$	6,625
Satisfaction of warranty claims		(731	)		(545	)
Provision for warranty claims		605			575
Other, primarily impact from changes in foreign currency exchange rates		24			(246	)
Balance at end of the period	$	6,797		$	6,409

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Fair Value (Tables)

3 Months Ended

Mar. 31, 2014

Fair Value Disclosures [Abstract]

Fair Value of Financial Assets and Liabilities

The Corporation’s financial assets and liabilities that are reported at fair value in the condensed consolidated balance sheets as of March 31, 2014 and December 31, 2013 were as follows:

	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of March 31, 2014
Investments
Other noncurrent assets	$	4,186	$	0	$	0	$	4,186
Foreign currency exchange contracts
Other current assets		0		308		0		308
Other current liabilities		0		288		0		288
As of December 31, 2013
Investments
Other noncurrent assets	$	4,092	$	0	$	0	$	4,092
Foreign currency exchange contracts
Other current assets		0		426		0		426
Other noncurrent assets		0		17		0		17
Other current liabilities		0		488		0		488
Other noncurrent liabilities		0		40		0		40

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Commitments and Contingent Liabilities - Additional Information (Detail) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2010 USD ($)	Dec. 31, 2010 GBP (£)	Mar. 31, 2014 USD ($)
Commitments And Contingencies Disclosure [Abstract]
Outstanding standby and commercial letters of credit			$ 17,931
Government grants awarded	1,325	850
Government grants received	1,083	680
Recorded liability			$ 0

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Unaudited Condensed Consolidated Financial Statements (Policies)

3 Months Ended

Mar. 31, 2014

Accounting Policies [Abstract]

Unaudited Condensed Consolidated Financial Statements

The condensed consolidated balance sheet as of March 31, 2014 and the condensed consolidated statements of operations, comprehensive income (loss) and cash flows for the three months ended March 31, 2014 and 2013 have been prepared by Ampco-Pittsburgh Corporation (the “Corporation”) without audit. In the opinion of management, all adjustments, consisting of only normal and recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the periods presented, have been made. The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the operating results expected for the full year.

Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. Certain amounts for the preceding period have been reclassified for comparative purposes.

Recently Implemented Accounting Pronouncements

Recently Implemented Accounting Pronouncements

In July 2013, the Financial Accounting Standards Board issued ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists, which requires, under certain circumstances, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The guidance became effective January 1, 2014 but did not affect the balance sheet, operating results or liquidity of the Corporation.