Despite these challenges, the company reported adjusted EBITDA of $3.2 million for Q4 2025, down from $6.0 million in the prior year, while full-year adjusted EBITDA increased to $29.2 million, a 4% rise compared to the previous year. The increase in full-year adjusted EBITDA was attributed to higher revenues and lower selling, general, and administrative expenses, although it was partially offset by lower overhead absorption due to reduced production days.
The company highlighted that it successfully exited its U.K. cast roll facility in Q4 2025, which is expected to yield an annual positive EBITDA improvement of $7 million to $8 million. Ampco-Pittsburgh's net sales for the fourth quarter were $108.8 million, compared to $100.9 million in the same period last year, while full-year sales reached $434.2 million, up from $418.3 million in 2024. The growth was driven by increased shipment volumes in the Air and Liquid Processing segment, despite the challenges faced in the Forged and Cast Engineered Product segment due to the shutdown of the U.K. facility.
CEO Brett McBrayer commented on the results, stating that while the fourth quarter included significant one-time non-cash charges, the company has made substantial progress in restructuring its operations to enhance its earnings potential. As the company navigates the current steel market slowdown, it remains optimistic about the future, particularly in its Air and Liquid Processing business, which has shown consistent revenue growth over the past four years. The company plans to hold a conference call on March 17, 2026, to further discuss its financial results and outlook.
