Ampco-Pittsburgh Beats on Both Top and Bottom Lines
Mar 21st 2013 5:03PM
Updated Mar 21st 2013 5:06PM
Ampco-Pittsburgh (NYS: AP) filed its 10-K on March 15. Here are the numbers you need to know.
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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The article Ampco-Pittsburgh Beats on Both Top and Bottom Lines originally appeared on Fool.com.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.
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