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Benzinga
Benzinga
Business
Akanksha Bakshi

Ampco-Pittsburgh Subsidiary Bags Customer Contract Win

United States NYSE
  • Ampco-Pittsburgh Corp's (NYSE:AP) Buffalo Air Handling Division has received a $9.6 million order for a custom air handling unit project for a major healthcare provider in the southeastern U.S.
  • The company noted that this is the largest single order the Buffalo Air Handling division has seen in decades.
  • "Our total order backlog is now up by around one-third compared to prior year Q1, given the growth in Air & Liquid Systems, and as roll demand for flat-rolled steel and aluminum has accelerated and as forged engineered product demand has grown, particularly given the rise in oil prices," said CEO Brett McBrayer.
  • Price Action: AP shares are trading lower by 0.63% at $6.30 on the last check Thursday.
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