Ampco-Pittsburgh Corp. (AP)

Ampco-Pittsburgh Corporation and its subsidiaries engage in the manufacture and sale of custom-engineered equipment in the United States and internationally. The company operates through two segments, Forged and Cast Rolls, and Air and Liquid Processing. The Forged and Cast Rolls segment produces forged hardened steel rolls used in cold rolling by producers of steel, aluminum, and other metals; and cast rolls for hot and cold strip mills, medium/heavy section mills, and plate mills. It supplies cast rolls to the metal working industry. The Air and Liquid Processing segment manufactures finned tube and plate finned heat exchange coils for the commercial and industrial construction, as well as for process and utility industries; custom air handling systems used in commercial, institutional, and industrial buildings; and a line of centrifugal pumps for the refrigeration, power generation, and marine defense industries. The company was founded in 1929 and is based in Pittsburgh, Pennsylvania.

For the nine months ended 30 September 2006, Ampco- Pittsburgh Corp.'s revenues rose 26% to $223.4M. Net income totaled $18.8M, up from $6.8M. Revenues reflect an increase in sales primarily attributable to the Forged & Cast Rolls segment. Net income also reflects higher operating margins due to a higher expected return on plan assets and the proceeds of $2.3M from settlement of the Corporation's flood related interruption insurance claim.