v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 9,320 $ 10,703
Trade receivables, less allowance for credit losses of $319 as of September 30, 2026 and $242 as of December 31, 2025 71,652 78,981
Inventories 109,021 104,431
Insurance receivable - asbestos 19,000 19,000
Contract assets 6,428 9,790
Estimated recovery - UES-UK (Note 2) 5,370 7,500
Other current assets 6,346 6,825
Total current assets 230,667 239,620
Property, plant and equipment, net 125,126 129,133
Operating lease right-of-use assets 4,389 4,673
Insurance receivable - asbestos, less allowance for credit losses of $537 as of September 30, 2026 and December 31, 2025 92,942 107,838
Deferred income tax assets 3,865 3,898
Intangible assets, net 4,210 4,631
Investments in joint ventures 835 835
Other noncurrent assets 5,672 4,727
Total assets 467,706 495,355
Current liabilities:    
Accounts payable 41,115 46,268
Accrued payrolls and employee benefits 14,919 13,357
Debt – current portion 14,571 15,723
Operating lease liabilities – current portion 902 946
Asbestos liability – current portion 28,000 28,000
Customer-related liabilities 30,093 16,522
Other current liabilities 6,472 7,816
Total current liabilities 137,529 130,459
Employee benefit obligations 18,249 21,841
Asbestos liability 149,362 170,332
Long-term debt 105,744 117,903
Noncurrent operating lease liabilities 3,487 3,727
Deferred income tax liabilities 331 326
Other noncurrent liabilities 2,941 2,804
Total liabilities 417,643 447,392
Commitments and contingent liabilities (Note 10)
Shareholders’ equity:    
Common stock - par value $1; authorized 40,000 shares; issued and outstanding 20,614 shares as of September 30, 2026 and 20,237 shares as of December 31, 2025 20,614 20,237
Additional paid-in capital 178,515 179,232
Retained deficit (137,546) (138,626)
Accumulated other comprehensive loss (29,604) (28,204)
Total Ampco-Pittsburgh shareholders’ equity 31,979 32,639
Noncontrolling interest 18,084 15,324
Total shareholders’ equity 50,063 47,963
Total liabilities and shareholders’ equity 467,706 495,355
Related Party [Member]    
Current assets:    
Trade receivables from related parties 3,530 2,390
Current liabilities:    
Accounts payable to related parties $ 1,457 $ 1,827