financetom
Business
financetom
/
Business
/
Ampco-Pittsburgh Subsidiary Exits UK Operations
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Ampco-Pittsburgh Subsidiary Exits UK Operations
Oct 15, 2025 3:03 PM

05:36 PM EDT, 10/15/2025 (MT Newswires) -- Ampco-Pittsburgh ( AP ) said late Wednesday that its subsidiary UES-UK has exited UK cast roll operations early, effective Oct. 14.

The early exit prevents substantial cash closure expenses and is projected to boost adjusted earnings before interest, tax, depreciation, and amortisation by $7 million to $8 million per year, the company said.

The company plans to deconsolidate UES-UK in Q4, expecting a $43 million to 45 million non-cash charge, partly offset by projected asset liquidation proceeds, it added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With Nio Stock Thursday?
What's Going On With Nio Stock Thursday?
Sep 11, 2025
Shares of Chinese electric vehicle maker Nio Inc ( NIO ) – ADR are trading higher Thursday morning, mounting a recovery from a nearly 10% plunge on Wednesday. The sell-off was triggered by the announcement of a $1 billion equity offering to raise fresh capital. What To Know: The offering, priced at $5.57 per ADS, rattled investors Wednesday due to...
Black Rock Coffee Bar, Inc IPOs Tomorrow, Here's What You Need To Know
Black Rock Coffee Bar, Inc IPOs Tomorrow, Here's What You Need To Know
Sep 11, 2025
Black Rock Coffee Bar, Inc (NASDAQ:BRCB) IPO will take place September, 12 on the NASDAQ exchange under the ticker BRCB. The company is offering shares at an expected price between $16.00 and $18.00 per share with an insider lock-up period of 180 days ending on March 11, 2026. See also: Benzinga IPO Calendar About Black Rock Coffee Bar, Inc Black...
Alibaba, Baidu begin using their own chips for training AI models, The Information reports
Alibaba, Baidu begin using their own chips for training AI models, The Information reports
Sep 11, 2025
(Reuters) -Chinese tech giants Alibaba and Baidu have started using internally designed chips to train their AI models, partially replacing AI chips made by Nvidia, according to a report by The Information on Thursday, citing four people with direct knowledge of the matter. ...
Gemini Space Station, Inc IPOs Tomorrow, Here's What You Need To Know
Gemini Space Station, Inc IPOs Tomorrow, Here's What You Need To Know
Sep 11, 2025
Gemini Space Station, Inc IPO will take place September, 12 on the NASDAQ exchange under the ticker GEMI. The company is offering shares at an expected price between $24.00 and $26.00 per share with an insider lock-up period of 180 days ending on March 11, 2026. See also: Benzinga IPO Calendar About Gemini Space Station, Inc Gemini envisions a future...
Copyright 2023-2026 - www.financetom.com All Rights Reserved