The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ampco-Pittsburgh beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share improved.
Gross margins dropped, operating margins contracted, net margins grew.
Ampco-Pittsburgh booked revenue of $86.5 million. The one analyst polled by S&P Capital IQ wanted to see sales of $73.3 million. Sales were 5.3% higher than the prior-year quarter's $82.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.17. The one earnings estimate compiled by S&P Capital IQ predicted $0.24 per share. GAAP EPS were $0.17 for Q4 against -$0.94 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 8.1%, 1,790 basis points worse than the prior-year quarter. Operating margin was 8.1%, 110 basis points worse than the prior-year quarter. Net margin was 2.0%, 1,370 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $81.4 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $321.3 million. The average EPS estimate is $1.78.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 267 members out of 275 rating the stock outperform, and eight members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 106 give Ampco-Pittsburgh a green thumbs-up, and two give it a red thumbs-down.
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