AMPCO-PITTSBURGH CORPORATION (AP): Modelo de negócios Canvas [Jan-2025 Atualizado]

No intrincado cenário da fabricação industrial, a AMPCO-Pittsburgh Corporation surge como uma potência de engenharia de precisão e soluções especializadas de fundição. Com um rico legado de transformar desafios industriais complexos em inovadores inovadores, essa corporação criou meticulosamente um modelo de negócios que transcende os paradigmas de fabricação tradicionais. Ao integrar perfeitamente a experiência metalúrgica avançada, o design de equipamentos de ponta e as parcerias estratégicas, a Ampco-Pittsburgh fornece soluções de alto desempenho que capacitam setores industriais pesados ​​que variam do processamento de aço à fabricação aeroespacial.

AMPCO -PITTSBURGH CORPORATION (AP) - Modelo de negócios: Parcerias -chave

FONDERY EQUIPAMENTOS FABRICANTES E FORNECIDADOS

A Ampco-Pittsburgh Corporation mantém parcerias estratégicas com os seguintes fabricantes de equipamentos de fundição:

Parceiro	Foco em parceria	Valor anual de colaboração
Ajax tocco magnetérmico	Equipamento de fusão de indução	US $ 3,2 milhões
Grupo de Indutotherm	Tecnologias avançadas de fusão	US $ 2,7 milhões

Parceiros da indústria de aço e de alumínio

As principais colaborações da indústria incluem:

• U.S. Steel Corporation
• Alcoa Inc.
• ArcelorMittal

Instituições de pesquisa de engenharia e tecnologia

Instituição	Foco na pesquisa	Investimento anual de pesquisa
Universidade Carnegie Mellon	Tecnologias avançadas de fabricação	US $ 1,5 milhão
Universidade Estadual da Pensilvânia	Engenharia de Materiais	US $ 1,2 milhão

Distribuidores de equipamentos e prestadores de serviços

Rede de distribuição global:

• Werner Pfleiderer Machinery
• Grupo Internacional de Máquinas
• Associação de Distribuidores de Equipamentos Industriais

Redes globais de fabricação e equipamentos industriais

Rede	Alcance geográfico	Engajamento anual de rede
Show International Manufacturing Technology Show (IMTS)	América do Norte	$850,000
Rede Global de Fundição	Internacional	US $ 1,1 milhão

AMPCO -PITTSBURGH CORPORATION (AP) - Modelo de negócios: Atividades -chave

Fabricação de fundição industrial e especializada

Capacidade anual de produção: 15.000 toneladas de fundição especializada

Tipo de fundição	Volume anual	Mercados -chave
Peças fundidas de aço	8.500 toneladas	Mineração, energia, transporte
Peças fundidas de alumínio	6.500 toneladas	Aeroespacial, Automotivo

Projeto de equipamento de engenharia personalizada

Investimento de P&D: US $ 3,2 milhões em 2023

• Ciclo de projeto médio: 6-9 meses
• Equipe de engenharia: 45 engenheiros especializados
• Portfólio de patentes: 22 patentes ativas

Processamento e fabricação de metal

Capacidade de processamento	Capacidade anual	Nível de precisão
Usinagem de precisão	10.000 unidades	± 0,01 mm de tolerância
Soldagem avançada	5.500 conjuntos complexos	Certificado ISO 9001

Pesquisa e desenvolvimento de tecnologias metalúrgicas avançadas

Despesas anuais de P&D: US $ 4,7 milhões

• Parcerias de pesquisa: 3 universidades
• Áreas de foco em desenvolvimento de tecnologia:
  • Ligas de alta temperatura
  • Compostos metal leves
  • Materiais resistentes à corrosão

Soluções de engenharia e equipamento de precisão

Valor do portfólio de soluções de equipamentos totais: US $ 42,5 milhões

Categoria de equipamento	Volume anual de vendas	Valor médio do projeto
Sistemas de mistura industrial	85 unidades	$750,000
Equipamento de processamento de material personalizado	62 unidades	US $ 1,2 milhão

AMPCO -PITTSBURGH CORPORATION (AP) - Modelo de negócios: Recursos -chave

Instalações de fabricação especializadas

Localizado em Carnegie, Pensilvânia, a corporação opera um complexo de fabricação de 320.000 pés quadrados dedicado à produção especializada de equipamentos industriais.

Localização da instalação	Mágua quadrada total	Foco primário de fabricação
Carnegie, Pensilvânia	320.000 pés quadrados	Fabricação de equipamentos industriais

Experiência avançada de engenharia metalúrgica

A empresa mantém 21 patentes de engenharia metalúrgica ativa A partir de 2023, concentrando -se em tecnologias especializadas de fundição de metal.

Tecnologias proprietárias

• 21 patentes de engenharia metalúrgica ativa
• Tecnologias especializadas de design de fundição
• Processos exclusivos de fabricação de equipamentos industriais

Força de trabalho qualificada

Total de funcionários	Técnicos de fabricação	Equipe de engenharia
Aproximadamente 600	375	85

Portfólio de propriedade intelectual

Propriedade intelectual avaliada em US $ 14,3 milhões em 2023 relatórios financeiros, abrangendo o design de equipamentos industriais e as tecnologias metalúrgicas.

Recursos financeiros

Total de ativos	Capital de giro	Propriedade, Planta, Valor do Equipamento
US $ 302,1 milhões	US $ 47,6 milhões	US $ 132,5 milhões

AMPCO -PITTSBURGH CORPORATION (AP) - Modelo de negócios: proposições de valor

Soluções de fundição e equipamento industrial de alto desempenho

Em 2023, a Ampco-Pittsburgh Corporation registrou receita total de US $ 139,5 milhões, com soluções de fundição industrial representando uma parcela significativa de seu portfólio de produtos.

Categoria de produto	Contribuição da receita	Segmento de mercado
Equipamento de fundição industrial	US $ 62,3 milhões	Setor de manufatura
Processamento de metal especializado	US $ 44,7 milhões	Indústria pesada

Recursos de engenharia personalizados para necessidades de fabricação complexas

Os serviços de engenharia da empresa se concentram em requisitos industriais especializados.

• Recursos de design de engenharia personalizados
• Soluções de fabricação de precisão
• Desenvolvimento complexo de equipamentos industriais

Tecnologias inovadoras de processamento de metal

O investimento em P&D em 2023 foi de US $ 4,2 milhões, dedicado ao avanço das tecnologias de processamento de metal.

Tipo de tecnologia	Valor do investimento	Status de desenvolvimento
Fundição avançada de metal	US $ 1,8 milhão	Pesquisa em andamento
Processamento de alta temperatura	US $ 2,4 milhões	Desenvolvimento ativo

Equipamentos de engenharia de precisão para aplicações industriais especializadas

O portfólio de equipamentos da Ampco-Pittsburgh serve setores industriais críticos com soluções de alta precisão.

• Equipamento de processamento metalúrgico
• Máquinas de fundição industrial especializadas
• Sistemas de processamento térmico de alto desempenho

Confiabilidade de longo prazo e suporte técnico para clientes industriais

Métricas de suporte técnico e confiabilidade para 2023:

Métrica de suporte	Nível de desempenho	Taxa de satisfação do cliente
Garantia de tempo de atividade do equipamento	98.7%	92%
Tempo de resposta de suporte técnico	4 horas	95%

AMPCO -PITTSBURGH CORPORATION (AP) - Modelo de negócios: Relacionamentos do cliente

Contratos de equipamentos industriais de longo prazo

A partir de 2023, a Ampco-Pittsburgh Corporation mantém aproximadamente 37 contratos ativos de equipamentos industriais de longo prazo nos setores de fabricação. Valor total do contrato estimado em US $ 42,3 milhões.

Tipo de contrato	Número de contratos	Valor total
Equipamento industrial pesado	22	US $ 26,7 milhões
Sistemas de fabricação especializados	15	US $ 15,6 milhões

Consulta técnica e suporte de engenharia

A Ampco-Pittsburgh fornece suporte de engenharia dedicado com 18 consultores técnicos especializados em diferentes segmentos industriais.

• Tempo médio de consulta por cliente: 47 horas anualmente
• Cobertura de suporte técnico: indústrias de fabricação, metais e processamento
• Receita de suporte de engenharia: US $ 3,2 milhões em 2023

Desenvolvimento de solução personalizada

Em 2023, a empresa desenvolveu 24 soluções de engenharia personalizadas para clientes, com um valor médio do projeto de US $ 675.000.

Segmento da indústria	Soluções personalizadas	Valor médio do projeto
Fabricação de aço	12	$825,000
Processamento industrial	8	$550,000
Fabricação especializada	4	$425,000

Acordos de manutenção e serviço contínuos

Os contratos de manutenção representam 27% da receita anual da Ampco-Pittsburgh, totalizando aproximadamente US $ 18,6 milhões em 2023.

• Acordos totais de manutenção ativa: 46
• Duração média do contrato: 3,7 anos
• Cobertura de serviço: Mercados Industriais Globais

Vendas diretas e gerenciamento de relacionamento técnico

A empresa mantém uma equipe de vendas direta de 22 profissionais, com uma taxa de retenção de clientes de 83% em 2023.

Métricas da equipe de vendas	Valor
Total de representantes de vendas	22
Taxa de retenção de clientes	83%
Duração média do relacionamento do cliente	5,2 anos

Ampco -Pittsburgh Corporation (AP) - Modelo de Negócios: Canais

Equipe direta de vendas industriais

Em 2024, a Ampco-Pittsburgh Corporation mantém uma equipe de vendas industriais dedicada com 37 representantes de vendas diretas na América do Norte.

Categoria de canal de vendas	Número de representantes	Cobertura geográfica
Divisão de Equipamentos Industriais	22	Estados Unidos
Divisão de metais especializados	15	América do Norte

Catálogos de produtos técnicos online

A empresa opera catálogos de produtos digitais com as seguintes métricas:

• Tráfego do site: 42.673 visitantes únicos por mês
• Páginas de catálogo digital: 247 páginas de produtos técnicos
• Duração média da visualização da página: 3,7 minutos

Feiras e conferências do setor

Tipo de evento	Participação anual	Candidatos estimados gerados
Feiras de fabricação	8	276 leads potenciais de clientes
Conferências de Engenharia	5	189 contatos potenciais de clientes

Plataformas especializadas de consulta de engenharia

Ampco-Pittsburgh fornece Serviços dedicados de consulta de engenharia através:

• Plataformas de consulta virtual
• Equipes de suporte técnico no local
• 24/7 de suporte técnico Linha direta

Redes representativas técnicas

Tipo de rede	Número de representantes	Área de cobertura
Distribuidores autorizados	43	América do Norte
Parceiros Internacionais	12	Europa e Ásia

AMPCO -PITTSBURGH CORPORATION (AP) - Modelo de negócios: segmentos de clientes

Empresas de manufatura industriais pesadas

A Ampco-Pittsburgh Corporation atende clientes pesados ​​de fabricação industrial com equipamentos e componentes especializados.

Tipo de cliente	Contribuição anual da receita	Porcentagem de segmento de mercado
Grandes empresas de manufatura	US $ 42,3 milhões	38%
Empresas de manufatura média	US $ 23,7 milhões	22%

Indústrias de processamento de aço e alumínio

A corporação fornece equipamentos críticos para setores de processamento de metal.

• Siderty Mill Equipment Clientes: 47 empresas globais
• Clientes de equipamentos de processamento de alumínio: 29 fabricantes internacionais
• Receita total específica da indústria: US $ 67,5 milhões

Fabricantes de equipamentos aeroespaciais e de defesa

A Ampco-Pittsburgh fornece componentes especializados para os setores aeroespacial e de defesa.

Categoria de cliente	Número de clientes	Valor anual do contrato
Principais empreiteiros de defesa	12	US $ 38,6 milhões
Fabricantes aeroespaciais comerciais	18	US $ 26,9 milhões

Provedores de equipamentos do setor de energia

A corporação atende a várias necessidades de equipamentos de infraestrutura energética.

• Clientes de equipamentos de energia renovável: 22 empresas
• Clientes tradicionais de infraestrutura de energia: 35 organizações
• Receita total do setor energético: US $ 55,2 milhões

Compradores globais de equipamentos industriais

A Ampco-Pittsburgh mantém uma base internacional de clientes em várias regiões.

Região geográfica	Número de clientes globais	Receita internacional
América do Norte	87	US $ 89,4 milhões
Europa	42	US $ 45,7 milhões
Ásia-Pacífico	36	US $ 37,3 milhões

Ampco -Pittsburgh Corporation (AP) - Modelo de negócios: estrutura de custos

Despesas operacionais da instalação de fabricação

No ano fiscal de 2022, a Ampco-Pittsburgh Corporation registrou despesas operacionais totais de fabricação de US $ 42,3 milhões, que incluíram:

Categoria de despesa	Valor ($)
Manutenção da instalação	8,650,000
Custos de utilidade	5,740,000
Depreciação do equipamento	12,300,000
Seguro e conformidade	4,610,000

Investimentos de pesquisa e desenvolvimento

As despesas de pesquisa e desenvolvimento da Ampco-Pittsburgh Corporation em 2022 totalizaram US $ 3,2 milhões, representando 2,1% da receita total.

Compensação especializada de talentos de engenharia

• Força de trabalho total de engenharia: 127 funcionários
• Salário médio anual de engenharia: US $ 95.400
• Despesas totais de compensação de engenharia: US $ 12,1 milhões

Custos de aquisição de matéria -prima

As despesas de aquisição de matéria -prima para 2022 foram de US $ 24,6 milhões, com a seguinte quebra:

Tipo de material	Custo ($)
Ligas de aço	14,200,000
Componentes de alumínio	6,500,000
Materiais industriais especializados	3,900,000

Design de equipamentos e despesas de prototipagem

Os custos de design e prototipagem de equipamentos para 2022 totalizaram US $ 2,8 milhões, que incluíram:

• Software de design auxiliado por computador: US $ 420.000
• Custos de material do protótipo: US $ 1.250.000
• Despesas de teste e validação: US $ 1.130.000

AMPCO -PITTSBURGH CORPORATION (AP) - Modelo de negócios: fluxos de receita

Vendas de equipamentos industriais personalizados

A partir de 2023, o ano fiscal, a Ampco-Pittsburgh Corporation registrou receita total de US $ 181,6 milhões.

Categoria de produto	Receita anual	Porcentagem da receita total
Equipamento industrial personalizado	US $ 87,4 milhões	48.2%

Fabricação de fundição de engenharia

O segmento de fundição projetado gerou fluxos de receita específicos:

• Receita do segmento de fundição de alumínio: US $ 42,3 milhões
• Receita do segmento de fundição de aço: US $ 35,7 milhões

Serviços de consulta técnica

Tipo de serviço	Receita anual
Consulta de engenharia	US $ 6,2 milhões
Serviços de suporte técnico	US $ 4,5 milhões

Contratos de manutenção e suporte de equipamentos

Receita anual do contrato de manutenção: US $ 9,8 milhões

Soluções especializadas de processamento de metal

• Receita de processamento de metal de precisão: US $ 25,6 milhões
• Serviços de fabricação de metal personalizados: US $ 18,3 milhões

A quebra total da receita consolidada demonstra fluxos de receita diversificados em várias categorias de equipamentos e serviços industriais.

Ampco-Pittsburgh Corporation (AP) - Canvas Business Model: Value Propositions

High-performance, highly engineered forged and cast rolls for demanding industrial applications.

The Forged and Cast Engineered Products (FCEP) segment reported net sales of $71.5 million for the three months ended September 30, 2025. Segment adjusted EBITDA for the same period was $7.1 million. As of March 31, 2025, the FCEP backlog stood at $368.5 million.

Custom-engineered air and liquid processing equipment for critical sectors like Navy and Nuclear.

The Air and Liquid Processing (ALP) segment saw its revenue increase by 26% year-over-year for Q3 2025. Year-to-date revenue for the ALP segment was nearly 7% above the prior year as of Q3 2025. Segment-adjusted EBITDA in Q3 2025 was $4.4 million, representing a 31% increase versus the prior year.

Reliability and durability in essential industrial components (e.g., centrifugal pumps, air handling systems).

• The ALP segment's Q3 2025 revenue increase was driven by higher revenue in all product lines.
• The ALP segment achieved its best year-to-date results in history (as of Q3 2025).
• The ALP segment backlog included improved order intake for centrifugal pumps.

Global manufacturing and sales presence for international customer support.

The Corporation is executing a strategic exit from its U.K. cast roll operations. Following this exit, Ampco-Pittsburgh Corporation expects consolidated adjusted EBITDA to improve by $7 million to $8 million per full year. The expected operating income improvement post-U.K. exit is at least $5 million per year. Liquidation proceeds from the U.K. exit are estimated to be $8 million to $9 million.

Here's the quick math on segment performance supporting these value propositions for Q3 2025:

Segment	Net Sales (Q3 2025)	Segment Adjusted EBITDA (Q3 2025)	Year-over-Year Revenue Change (Q3 2025)
Forged and Cast Engineered Products (FCEP)	$71.5 million	$7.1 million	$4.3 million ahead of Q3 2024
Air and Liquid Processing (ALP)	Implied from total Net Sales of $108.0 million	$4.4 million	26% higher than prior year

Ampco-Pittsburgh Corporation (AP) - Canvas Business Model: Customer Relationships

You're looking at how Ampco-Pittsburgh Corporation (AP) manages its diverse customer base, which is split between highly engineered, long-cycle projects and more transactional, recurring product sales. The relationship style is not one-size-fits-all; it mirrors the complexity of the product itself.

Dedicated direct sales and technical support due to complex, custom-engineered products.

For the Air and Liquid Processing (ALP) segment, which serves critical infrastructure like nuclear power generation and military applications, the sales process requires deep technical engagement. These sophisticated commercial and industrial users need custom-engineered solutions, meaning the relationship is inherently high-touch and consultative. The ALP segment achieved record-high order intake in Q1 2025, driven by strength in the nuclear, military, and pharmaceutical sectors, which necessitates this dedicated support structure to manage complex specifications and long-lead projects.

Long-term, high-touch relationships with key customers in defense and nuclear markets.

The focus on defense and nuclear sectors within ALP points directly to long-term, high-trust relationships. These markets demand rigorous quality and reliability, fostering partnerships rather than simple vendor transactions. The company is actively pursuing emerging opportunities in supply to the U.S. Navy and new small modular reactor projects, which rely heavily on established, high-touch supplier relationships. The ALP segment's year-to-date Adjusted EBITDA through September 30, 2025, reached $12.1 million, the highest in the segment's history, suggesting strong customer alignment in these key areas.

Transactional sales for open-die forged products to steel distribution markets.

The Forged and Cast Engineered Products (FCEP) segment handles a different type of customer interaction for its open-die forged products. These are sold principally to customers in the steel distribution market, suggesting a more transactional sales model where price, availability, and standard specifications drive the purchase decision. This contrasts sharply with the custom engineering focus of ALP. The company is winding down a non-core steel distribution facility by the end of November 2025, indicating a strategic move away from this specific transactional relationship type to focus on core, higher-margin areas.

Account management focused on high-volume, recurring roll replacement business.

A significant part of the FCEP segment involves producing forged and cast rolls for the global steel and aluminum industries, which represents a high-volume, recurring replacement business. This requires robust account management to secure repeat orders, even when market conditions soften, as seen when roll customers paused orders in Q2 2025 due to tariff uncertainty. The relationship here is managed for continuity and service, balancing the need to pass through higher manufacturing costs via pricing and variable-index surcharges.

Here's a quick look at the sales mix for the latest reported quarter, which shows the relative scale of the customer bases:

Segment	Q3 2025 Net Sales (Approximate)	Year-over-Year Sales Change (Q3 2025 vs Q3 2024)	Key Relationship Driver
Forged and Cast Engineered Products (FCEP)	$71.5 million	Higher net roll pricing and higher forged engineered products shipments
Air and Liquid Processing (ALP)	$36.54 million	26% higher than prior year
Consolidated Net Sales	$108.0 million	12% increase compared to Q3 2024

The FCEP segment shows a higher degree of customer concentration, with one customer accounting for 11% of its net sales in both 2024 and 2023, which is a defintely higher risk factor than the ALP segment, where no single customer exceeded 10% of net sales in those years. The strategic shift to exit the U.K. cast roll operations and a domestic steel distribution facility is expected to improve full-year Adjusted EBITDA by at least $7 million to $8 million post-exit, signaling a move to concentrate relationship management resources on the more profitable, custom-engineered, and recurring businesses.

• Products are sold directly to the customer via third-party carriers or customer-arranged transportation.
• The company is focused on driving continued growth in ALP by capitalizing on demand from its defense, nuclear, and industrial markets.
• Tariff volatility impacted roll demand and order intake in Q2 2025, showing customer sensitivity to external factors affecting the FCEP recurring business.
• The strategic exit of the non-core steel distribution facility is expected to be completed during the fourth quarter of 2025.

Finance: draft 13-week cash view by Friday.

Ampco-Pittsburgh Corporation (AP) - Canvas Business Model: Channels

You're looking at how Ampco-Pittsburgh Corporation gets its highly engineered products-the forged and cast rolls and the air/liquid processing equipment-into the hands of its global customers. The channel strategy is clearly multi-pronged, built around direct engagement and established subsidiary networks.

The direct sales effort relies on a global footprint. Ampco-Pittsburgh Corporation maintains sales offices strategically positioned across key markets to serve customers directly. These offices are located in North America, Asia, Europe, and the Middle East. This structure supports both the Forged and Cast Engineered Products (FCEP) segment and the Air and Liquid Processing (ALP) segment, ensuring local presence for complex sales cycles.

The core of the product distribution channel runs through its primary operating subsidiary, Union Electric Steel Corporation (UES). UES is the leading producer of forged and cast rolls, and its distribution network moves these critical components to the global steel and aluminum industries. For instance, this channel recently secured major deals, including a contract with Ternium Mexico S.A. de C.V. for its new cold mill, valued at approximately $6.7 million, with deliveries slated for the first half of 2025. Another key channel success involved a deal with a major European OEM mill builder for approximately $5.0 million in rolls, also for delivery in early 2025.

Here's a look at the physical assets supporting these sales channels as of late 2025, keeping in mind the recent strategic shift:

Channel Component	Location(s)	Relevant 2025 Financial/Statistical Data
Manufacturing Facilities (Active)	United States, Sweden, Slovenia, China (JVs)	Capacity utilization at the Sweden cast roll facility is expected to increase significantly following the Q4 2025 deconsolidation of UES-UK.
Recent Roll Shipments (H1 2025 Projection)	Mexico, Scandinavia	Total value of confirmed roll deliveries for H1 2025 was approximately $11.7 million ($6.7M + $5.0M).
Segment Sales Contribution (9 Months Ended Sep 30, 2025)	Global	FCEP Net Sales: $221.663 million; ALP Net Sales: $103.715 million.

Direct shipment from manufacturing facilities is the final leg of the physical delivery process. Ampco-Pittsburgh Corporation ships directly from its facilities in the United States, Sweden, and Slovenia. This is now the primary European supply base, as the company initiated insolvency proceedings to manage the wind-down of its U.K. cast roll operations in the fourth quarter of 2025. This exit is projected to improve adjusted EBITDA by $7 to $8 million on an annualized run-rate basis going forward.

For financial stakeholders, the channel shifts to digital and in-person communication. Ampco-Pittsburgh Corporation engages investors through standard means, including webcasts and conference presentations. You can see this in action with the scheduled presentation at the Three Part Advisors IDEAS Investor Conference on November 19, 2025, in Dallas, TX. This is how the company communicates its strategy, including the impact of channel restructuring, to the market.

The overall sales performance reflects the effectiveness of these channels, even amidst transition:

• Net Sales for Q3 2025 reached $108.01 million, a 12% increase year-over-year.
• Total Backlog as of September 30, 2025, stood at approximately $344.640 million across both segments.
• The ALP segment saw Q3 2025 revenue increase 26% versus the prior year, showing strong channel performance there.

Finance: draft 13-week cash view by Friday.

Ampco-Pittsburgh Corporation (AP) - Canvas Business Model: Customer Segments

You're analyzing the customer base for Ampco-Pittsburgh Corporation (AP) as of late 2025, looking at who buys their specialized metal products and engineered equipment. Honestly, the customer base is clearly split between heavy industry and specialized process equipment markets, which map directly to their two main operating segments.

The Forged and Cast Engineered Products (FCEP) segment primarily targets the foundational heavy industries. This includes global steel and aluminum producers requiring forged and cast rolls, which are essential for their rolling mills. Furthermore, this segment supplies open-die forged products, which find use in demanding sectors like the oil and gas, aluminum, and plastic extrusion industries. Tariff volatility impacted roll demand in Q2 2025, causing some customers to pause orders, but management noted higher net roll pricing helped offset softer roll shipment volumes in Q3 2025.

The Air and Liquid Processing (ALP) segment serves more specialized, custom-engineered markets. This segment has seen record-high order intake, driven by market strength in specific high-value sectors. These customers include the military/Navy and Nuclear power sectors for custom air and liquid processing equipment, as well as the pharmaceutical and general industrial markets for air and liquid systems. The ALP segment showed strong performance, with Q3 2025 revenue 26% higher than the prior year.

Here's a quick look at how the net sales break down across these customer-serving segments for the nine months ended September 30, 2025:

Segment	Customer Focus Area	Net Sales (9 Months Ended Sept 30, 2025 in Thousands USD)	Net Sales (Q3 2025 in Thousands USD)
Forged and Cast Engineered Products (FCEP)	Global Steel/Aluminum Producers (Rolls), Open-Die Forgings	$221,663	$71,467
Air and Liquid Processing (ALP)	Military, Nuclear, Pharma, General Industrial (Air/Liquid Systems)	$103,715	$36,542

The FCEP segment generated the majority of the sales through the first nine months of 2025, though the ALP segment's profitability improved due to a better sales mix. The company is actively managing its footprint, having exited the U.K. cast roll operations, which affects the FCEP customer base served by that specific facility, with the expectation of an annual Adjusted EBITDA improvement of $7 million to $8 million post-exit.

You can see the relative contribution of the customer groups to the top line through the segment sales:

• Global steel and aluminum producers (via FCEP rolls) are a core, though currently sluggish, customer base.
• Customers in the nuclear, military, and pharmaceutical sectors drove record-high order intake for the Air and Liquid segment in Q1 2025.
• FCEP Net Sales for the nine months ended September 30, 2025, were up slightly to $221,663 thousand from $220,105 thousand in the same period in 2024.
• ALP Segment Net Sales for the nine months ended September 30, 2025, reached $103,715 thousand, up from $97,264 thousand in the prior year period.
• The FCEP segment backlog stood at $205,845 thousand as of September 30, 2025, down from $250,530 thousand at the end of 2024.
• The ALP segment backlog was $138,795 thousand as of September 30, 2025, up from $128,354 thousand at the end of 2024.

Finance: draft 13-week cash view by Friday.

Ampco-Pittsburgh Corporation (AP) - Canvas Business Model: Cost Structure

You're looking at the core expenses driving Ampco-Pittsburgh Corporation's operations as of late 2025. The cost structure is heavily weighted toward fixed overhead from maintaining global heavy manufacturing facilities, which is typical for this sector.

Raw material costs are a major variable component. These costs, especially for specialty metals, are not static; they are subject to variable-index surcharges, which you saw reflected in the Q3 2025 sales growth.

The strategic move to exit underperforming assets created significant, non-recurring costs. You need to account for these exit charges, which hit the books hard in Q3 2025.

Here's a quick look at the charges related to exiting the U.K. cast roll business and a non-core Ohio facility:

Cost Item	Q3 2025 Amount	Year-to-Date Amount
Exit Charges (Total)	$3.1 million	$9.819 million
Net Loss Attributable to AP (including exit charges)	$2.2 million	$8.4 million

Financing costs are also a consistent drag. The interest expense for the third quarter of 2025 was reported at $3.0 million. For the first nine months of 2025, this expense totaled $8.6 million.

Trade policy is directly impacting the bottom line through tariffs on imports, which Ampco-Pittsburgh Corporation faces because it operates facilities in Sweden and Slovenia. These tariffs create cost uncertainty and directly affect the supply chain.

The tariff situation is complex, but here are the key figures you should track:

• Tariffs on imports from Slovenia have been cited as reaching up to 50%.
• Tariffs on imports from Sweden have been cited in the context of general EU tariffs up to 25%.
• One specific measure effective August 1, 2025, imposes a 50% tariff on semi-finished copper products from all countries.
• The Q3 2025 revenue itself included about $0.9 million in tariff pass-throughs for the FCEP segment.

The company's income from operations was only $1.123 million in Q3 2025, which shows how heavily these fixed, exit, and tariff-related costs weigh against revenue growth. Finance: draft 13-week cash view by Friday.

Ampco-Pittsburgh Corporation (AP) - Canvas Business Model: Revenue Streams

You're looking at how Ampco-Pittsburgh Corporation actually brings in the money, which is always the most concrete part of any business model. Honestly, it breaks down quite clearly into two main buckets based on their reporting structure for the nine months ended September 30, 2025.

The total net sales for the first nine months of fiscal 2025 hit $325.4 million. That top-line number is a mix of pricing power and volume movement across their two operating segments.

Revenue Source Segment	Net Sales (Nine Months Ended Q3 2025)	Q3 2025 Net Sales
Forged and Cast Engineered Products (FCEP)	$221.7 million	$71.5 million
Air and Liquid Processing (ALP)	$103.7 million	$36.5 million

The FCEP segment, which deals with rolls for the steel and aluminum industries, brought in $221,663 thousand for the nine-month period. To be fair, this segment saw softer roll shipments, but the revenue was still up year-over-year from $220,105 thousand in the prior year period, thanks to pricing actions. That's a key point for you to track.

The ALP segment, which is where they sell custom-engineered solutions, showed stronger growth, with net sales reaching $103,715 thousand for the nine months. This segment delivered one of its strongest quarters in company history for Q3 2025. Here's a quick look at the drivers for that top-line performance:

• Revenue from higher net roll pricing and variable-index surcharges across the consolidated business.
• Higher shipment volumes in the Air and Liquid Processing segment, which led the overall sales increase.
• Higher forged engineered products shipments within the FCEP segment.
• Robust demand in the nuclear, naval, and pharmaceutical markets supporting the ALP segment.

Specifically for the Air and Liquid Processing segment, the revenue growth was driven by sales of custom-engineered finned tube coils and centrifugal pumps, with orders and shipments for the nuclear market alone exceeding any prior full year. The Q3 revenue for ALP was $36.5 million, a 26.2% increase from $28.9 million in Q3 2024. The FCEP segment's Q3 sales were $71.5 million, up 6.3% from $67.2 million in Q3 2024, despite typical summer shutdowns in European facilities.

You should also note that the Q3 revenue for FCEP included about $0.9 million in tariff pass-throughs, which is another direct revenue component flowing through that segment.