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Ampco Pittsburgh Corp (AP) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

SEC Filings

AP Registration of Securities

Ampco Pittsburgh Corp

CIK: 6176 Ticker: AP

Exhibit 99.1

 

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Contact:

Dee Ann Johnson

Vice President Controller &Treasurer

412-456-4410

dajohnson@ampcopgh.com

FOR IMMEDIATE RELEASE

PITTSBURGH, PA

February 4, 2013

Ampco-Pittsburgh Corporation Announces Results

Ampco-Pittsburgh Corporation (NYSE:AP) announces sales for the three months and year ended December 31, 2012 of $77,154,000 and $292,905,000, respectively, compared to sales of $86,514,000 and $344,816,000 for the same periods of 2011. Income from operations for the three months ended December 31, 2012 and 2011 was $5,500,000 and $6,994,000, respectively, and for the twelve months then ended was $16,293,000 and $36,474,000, respectively. For 2012, net income was $3,319,000 or $0.32 per common share for the fourth quarter and $8,355,000 or $0.81 per common share for the year. For 2011, net income was $1,754,000 or $0.17 per common share for the fourth quarter and $21,309,000 or $2.07 per common share for the year.

For the Forged and Cast Rolls segment, sales and operating income for the quarter and year were less than the same periods of the prior year and were adversely affected by weak global demand, competitive pricing pressures and lower production volumes. Sales for the Air and Liquid Processing segment for the quarter and year improved slightly against 2011; however, operating income was adversely affected by changes in product mix.

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


The following information was filed by Ampco Pittsburgh Corp (AP) on Thursday, February 7, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (details 1)
Accumulated Other Comprehensive Loss (details)
Accumulated Other Comprehensive Loss (tables)
Borrowing Arrangements
Borrowing Arrangements (details)
Business Segments
Business Segments (details Textual)
Business Segments (details)
Business Segments (tables)
Commitments And Contingent Liabilities
Commitments And Contingent Liabilities (details)
Derivative Instruments
Derivative Instruments (details 1)
Derivative Instruments (details 2)
Derivative Instruments (details)
Derivative Instruments (details) (textual)
Derivative Instruments (tables)
Description Of Business
Description Of Business (details)
Environmental Matters
Environmental Matters (details)
Fair Value
Fair Value (details)
Fair Value (tables)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details 4)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (tables)
Inventories
Inventories (details Textual)
Inventories (details)
Inventories (tables)
Investments In Joint Ventures
Investments In Joint Ventures (details Textual)
Investments In Joint Ventures (details)
Investments In Joint Ventures (tables)
Litigation
Litigation (details 1)
Litigation (details Textual)
Litigation (details)
Litigation (tables)
Operating Leases
Operating Leases (details)
Other Current Liabilities
Other Current Liabilities (details)
Other Current Liabilities (details1)
Other Current Liabilities (tables)
Pension And Other Postretirement Benefits
Pension And Other Postretirement Benefits (details 1)
Pension And Other Postretirement Benefits (details 10)
Pension And Other Postretirement Benefits (details 11)
Pension And Other Postretirement Benefits (details 12)
Pension And Other Postretirement Benefits (details 2)
Pension And Other Postretirement Benefits (details 3)
Pension And Other Postretirement Benefits (details 4)
Pension And Other Postretirement Benefits (details 5)
Pension And Other Postretirement Benefits (details 6)
Pension And Other Postretirement Benefits (details 7)
Pension And Other Postretirement Benefits (details 8)
Pension And Other Postretirement Benefits (details 9)
Pension And Other Postretirement Benefits (details Textual)
Pension And Other Postretirement Benefits (details)
Pension And Other Postretirement Benefits (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details Textual)
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Quarterly Information - Unaudited
Quarterly Information - Unaudited (details Textual)
Quarterly Information - Unaudited (details)
Quarterly Information - Unaudited (tables)
Related Parties
Related Parties (details)
Research And Development Costs
Research And Development Costs (details)
Stock-based Compensation
Stock-based Compensation (details 1)
Stock-based Compensation (details Textual)
Stock-based Compensation (details)
Stock-based Compensation (tables)
Summary Of Significant Accounting (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Ticker: AP
CIK: 6176
Form Type: 10-K Annual Report
Accession Number: 0001193125-13-109403
Submitted to the SEC: Fri Mar 15 2013 12:44:12 PM EST
Accepted by the SEC: Fri Mar 15 2013
Period: Monday, December 31, 2012
Industry: Pumps And Pumping Equipment

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