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Ampco-Pittsburgh Corporation (NYSE: AP) Announces First Quarter 2021 Results


Press release content from Business Wire. The AP news staff was not involved in its creation.
Ampco-Pittsburgh Corporation (NYSE: AP) Announces First Quarter 2021 Results
May 7, 2021 GMT
CARNEGIE, Pa. (BUSINESS WIRE) May 7, 2021
Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) reported net sales of $86.8 million for the three months ended March 31, 2021, compared to $91.1 million for the three months ended March 31, 2020. The decrease is primarily attributable to lower shipments of mill rolls than pre-pandemic levels, offset in part by higher shipments of forged engineered products.
Income from operations for the three months ended March 31, 2021, was $0.9 million, compared to $4.4 million for the three months ended March 31, 2020. The decline primarily reflects the impacts of lower shipments, lower cost absorption associated with reduced production levels, higher raw material costs net of pass-throughs, a less favorabl ....

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U.S. government must urge Japan not to release Fukushima wastewater into sea


April 22nd 4:54 pm |
Rick Steiner
 
The Japanese government just announced that it intends to release over 1.2 million tons of radioactive wastewater from the Fukushima Nuclear Power Plant into the North Pacific, resulting in these dangerous radionuclides flowing across the ocean to Russia, Alaska, Canada, Hawaii, and the U.S. west coast. The planned release, which is strongly opposed by local fishermen, scientists, and coastal residents in Japan, would begin in two years and continue for another 40 years.
President Joe Biden s administration must urge Japan to abandon this unnecessary and dangerous plan.
The Fukushima nuclear disaster was caused by the 9.1 magnitude Tohoku earthquake and the 14-meter high tsunami on March 11, 2011. The tsunami flooded and disabled emergency generators needed to pump cooling water into the nuclear reactor cores, causing three reactor core meltdowns and hydrogen explosions. Fukushima was the most dangerous nuclear accident ....

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