| Address:
|
600 GRANT ST STE 4600
|
| City: |
PITTSBURGH |
|
State: |
PA |
|
Zip Code: |
15219 |
| Telephone: |
412-456-4400 |
|
Description of Business
|
Primary SIC Code:
3561 |
| (As filed with the SEC)
|
|
|
Ampco-Pittsburgh Corporation (the "Corporation") was incorporated in
Pennsylvania in 1929. The Corporation, individually or together with its
consolidated subsidiaries, is also referred to herein as the "Registrant".
The Corporation classifies its businesses in two segments: Forged and Cast Rolls
and Air and Liquid Processing.
FINANCIAL INFORMATION ABOUT SEGMENTS
The sales and operating profit of the Corporation's two segments and the
identifiable assets attributable to both segments for the three years ended
December 31, 2010 are set forth in Note 19 (Business Segments) on page 51 of
this Annual Report on Form 10-K.
NARRATIVE DESCRIPTION OF BUSINESS
Forged and Cast Rolls Segment
Union Electric Steel Corporation produces forged hardened steel rolls used in
cold rolling by producers of steel, aluminum and other metals throughout the
world. It is headquartered in Carnegie, Pennsylvania with three manufacturing
facilities in Pennsylvania and one in Indiana. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2011 | 0.94 | 0.180 | 21.76 | | 06/2011 | 1.41 | 0.180 | 16.63 | | 03/2011 | 1.45 | 0.180 | 19.02 | | 12/2010 | 1.50 | 0.180 | 18.70 | | 09/2010 | 2.81 | 0.180 | 8.83 | | 06/2010 | 2.94 | 0.180 | 7.09 | | 03/2010 | 2.79 | 0.180 | 8.90 | | 12/2009 | 2.71 | 0.180 | 11.63 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.12 | Total Liab/Total Assets | 0.63 | | Net Inc/Total Assets | 0.03 | Total Liab/Inv Cap | 0.78 | | Net Inc/Inv Cap | 0.04 | Total Liab/Comm Equity | 2.51 | | Pretax Inc/Net Sales | 0.08 | Interest Coverage Ratio | 76.99 | | Net Inc/Net Sales | 0.05 | Curr Debt/Equity | 0.07 | | Cash Flow/Net Sales | 0.13 | LTD/Equity | NA | | SG&A/NetSales | 0.14 | Total Debt/Equity | 0.07 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 5.26 | Quick Ratio | 1.65 | | Inventory Turnover | 3.31 | Current Ratio | 2.42 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.30 | | Net Sales/Work Cap | 2.56 | Inv/Curr Assets | 0.32 | | Net Sales/PP&E | 2.25 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
74.26
|
94.97
|
89.07
|
82.17
|
|
Cost of Goods Sold
|
58.06
|
67.59
|
63.39
|
60.79
|
|
Selling & Admin Exps
|
9.89
|
11.24
|
10.88
|
11.81
|
|
Operating Income
|
3.84
|
13.52
|
12.13
|
-12.30
|
|
Interest Exp
|
0.08
|
0.08
|
0.08
|
0.09
|
|
Pretax Income
|
3.44
|
13.66
|
11.62
|
-13.28
|
|
Other Income
|
-0.31
|
0.22
|
-0.43
|
-0.90
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
2.76
|
9.12
|
7.68
|
-9.65
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
80.90
|
75.36
|
70.97
|
70.02
|
|
Receivables - Total
|
64.68
|
78.06
|
70.86
|
64.73
|
|
Inventories - Total
|
75.72
|
72.67
|
75.63
|
68.82
|
|
Total Current Assets
|
232.97
|
237.24
|
229.41
|
217.23
|
|
Net Property, Plant & Equipment
|
148.93
|
146.82
|
145.40
|
145.59
|
|
Total Assets
|
531.95
|
539.78
|
537.07
|
526.96
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
32.76
|
34.08
|
33.98
|
31.83
|
|
Debt in Current Liabilities
|
13.31
|
13.31
|
13.31
|
13.31
|
|
Total Current Liabilities
|
93.36
|
94.80
|
93.99
|
89.72
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
318.67
|
326.28
|
332.33
|
330.19
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
10.33
|
10.33
|
10.31
|
10.31
|
|
Retained Earnings
|
138.85
|
137.96
|
130.69
|
124.87
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
213.28
|
213.50
|
204.75
|
196.78
|
|
Total Liabilities and Stockholders' Equity
|
531.95
|
539.78
|
537.07
|
526.96
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
13.02
|
10.08
|
4.35
|
15.95
|
|
Net Cash Provided by Investing Activities
|
-5.37
|
-4.10
|
-1.83
|
-6.55
|
|
Net Cash Provided by Financing Activities
|
-1.86
|
-1.64
|
-1.85
|
-0.39
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 301.78 | 16.64 | 1.67 | | 12/2007 | 346.83 | 39.23 | 3.88 | | 12/2008 | 394.51 | 12.58 | 1.24 | | 12/2009 | 299.18 | 27.68 | 2.71 | | 12/2010 | 326.89 | 15.46 | 1.50 | | Growth Rates | 2.02 | -1.82 | -2.65 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 65 | 7,515 | 72.78 |
|
Report Date :
1/30/2012
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