Ampco-Pittsburgh Corporation (NYSE: AP) is a specialty metals and industrial equipment manufacturer that produces highly engineered, high-performance specialty metal products and customized equipment for industrial customers worldwide. The company generates revenue through transactional sales of manufactured products across two segments: Forged and Cast Engineered Products (FCEP) and Air and Liquid Processing (ALP). Incorporated in Pennsylvania in 1929, Ampco-Pittsburgh operates manufacturing facilities across the United States, Sweden, Slovenia, and China, serving steel mills and industrial end markets globally. The FCEP segment produces rolls used in steel rolling mills, while the ALP segment, through its Aerofin, Buffalo Air Handling, and Buffalo Pumps divisions, produces heat exchange coils, air handling units, and pumps for power generation and U.S. military markets. CEO J. Brett McBrayer leads the company, with David G. Anderson serving as CFO and Treasurer, as of the 10-K filed March 16, 2026.

Revenue model

Transactional sales of manufactured specialty metal rolls and custom-engineered industrial equipment. FCEP sells forged and cast rolls to steel manufacturers globally. ALP sells custom-engineered finned tube heat exchange coils, air handling units, and pumps primarily to power generation and U.S. military customers.

Products and services

FCEP segment: forged and cast rolls for hot strip mills, steckel mills, medium plate mills, and backup rolls for hot and cold strip mills. ALP segment: custom-engineered finned tube heat exchange coils (Aerofin division), air handling units (Buffalo Air Handling division), and pumps (Buffalo Pumps division), all divisions of Air and Liquid Systems Corporation.

Customers and end markets

Primary end markets include global steel manufacturing (FCEP) and power generation and U.S. military (ALP). FCEP customers are steel mill operators requiring rolls for rolling mill operations. ALP customers include power generation facilities and U.S. military installations. Demand for FCEP products is tied to global steel production capacity utilization.

Value-chain role

Manufacturer and supplier of specialty intermediate industrial components. Ampco-Pittsburgh sits between raw material suppliers and industrial operators, producing engineered components that are consumed or worn in steel production and industrial processing operations.

Geographic exposure

United States (manufacturing in Pennsylvania, Indiana, Virginia, New York, and Ohio), Sweden (Åkers Sweden AB in Åkers Styckebruk), Slovenia (Åkers Valji Ravne d.o.o. in Ravne na Koroškem), and China (Shanxi Åkers TISCO Roll Co., Ltd. in Taiyuan, Shanxi Province, and Anhui Baochang Roll Co., Ltd. in Maanshan, Anhui Province). ALP segment headquarters in Carnegie, Pennsylvania, with sales offices throughout the United States and Canada.

Source: SEC 10-K, filed 2026-03-16

Industry: Pumps & Pumping Equipment Peers: EMERGE HEALTH INTERNATIONAL INC Friedman Industries Inc Mesabi Trust NUCOR CORP OLYMPIC STEEL INC Ramaco Resources Inc Ascent Industries Co UNIVERSAL STAINLESS & ALLOY PRODUCTS INC