The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Ampco-Pittsburgh beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted. GAAP earnings per share expanded significantly.
Gross margins grew, operating margins dropped, net margins expanded.
Ampco-Pittsburgh reported revenue of $77.2 million. The one analyst polled by S&P Capital IQ predicted a top line of $69.8 million on the same basis. GAAP reported sales were 11% lower than the prior-year quarter's $86.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.32. The one earnings estimate compiled by S&P Capital IQ averaged $0.16 per share. GAAP EPS of $0.32 for Q4 were 88% higher than the prior-year quarter's $0.17 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 23.1%, 50 basis points better than the prior-year quarter. Operating margin was 6.5%, 190 basis points worse than the prior-year quarter. Net margin was 4.3%, 230 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $68.7 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $280.8 million. The average EPS estimate is $1.03.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 297 members out of 305 rating the stock outperform, and eight members rating it underperform. Among 107 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 105 give Ampco-Pittsburgh a green thumbs-up, and two give it a red thumbs-down.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Ampco-Pittsburgh. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.