# Ampco-Pittsburgh Exceeds 2026 Debt Goal With $13.3 Million Paid Down

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/53228
Published: 2026-11-10T16:55:54.000Z
Updated: 2026-11-10T16:55:54.000Z
Section: Business

> Backlog reached $379.5 million at Sept. 30, up 15% from year-end 2025. October orders totaled $31 million.

Ampco-Pittsburgh Corporation had reached about $13.3 million in debt paydown by the end of the third quarter, exceeding its full-year 2026 goal as backlog rose to $379.5 million at Sept. 30.

Management’s goal for 2026 was $8 million to $10 million in debt paydown. The $13.3 million amount represents cumulative paydown by the end of the third quarter, rather than paydown only during those three months. Separately, net debt declined $19.5 million from June 30 to Sept. 30. That figure measures the change in net debt over the quarter and is distinct from cumulative debt paydown.

Cash from operations increased $15.5 million from a year earlier. That is a year-over-year comparison, while the net-debt decline covers the period from June 30 through Sept. 30. The update therefore gives three different measures: progress toward the annual debt-paydown goal, the quarter’s change in net debt and the change in operating cash from the same period a year earlier.

Backlog was about $379.5 million at Sept. 30, up about $51 million, or 15%, from year-end 2025. The backlog figure marks the Sept. 30 balance, while its growth rate compares that balance with year-end 2025.

October orders totaled $31 million. They included $21 million for Aerofin heat exchangers. Management cited strong demand from power generation and plans to expand manufacturing capacity as part of its update on the segment.

The Forged and Cast Engineered Products segment faces seasonal weakness. Management said the forging press had returned to operation. Management also said prior losses in the U.K. and AUP, the distribution business, were no longer affecting the business.