I’m sharing a summary of the **Ampco-Pittsburgh ($AP)** presentation from the Sidoti Micro-Cap Conference held on January 21, 2026.
**1. Market Position**
* $AP's subsidiary, **Aerofin**, holds an installed base covering **over 94% of existing US nuclear power plants**.
* Their customer base includes major utilities like **Dominion Energy, Duke Energy, and DTE Energy**, as well as strategic partners like **Curtiss-Wright**.
* Major industry players such as **BWXT** also utilize Aerofin’s ASME-certified components in their reactor systems.
* **Buffalo Pumps (Defense & Marine):** As shown in the customer list, they are a primary supplier for **the US Navy, General Dynamics (NASSCO & Bath Iron Works), and Newport News Shipbuilding**. Their specialized centrifugal pumps are essential components for naval vessels and aircraft carriers.
* **Buffalo Air Handling (Pharma & Healthcare):** This brand provides custom air handling systems for high-stakes environments. Their clients include global pharmaceutical giants like **Merck, Pfizer, Eli Lilly, and Johnson & Johnson**, as well as major medical centers like **Duke University and Dana-Farber Cancer Institute**.
**2. Financial Restructuring and EBITDA Improvement**
* Management confirmed the accelerated exit from their unprofitable UK facility.
* This restructuring is projected to result in a permanent **$7M to $8M annual improvement in Adjusted EBITDA** starting in 2026.
* The Air & Liquid Processing (ALP) segment, which handles the nuclear business, recently recorded its **highest revenue and EBITDA in history**.
[https://sidoti.zoom.us/rec/play/qnhcwKZfIxVAxa9an0kLv\_ZtGPoZQq0PS-XYKElCSWphboAC2sHlyzyFLeQQf\_DTkIuT5RQJ02MFdwFI.ewdNalQAg-5S2-aq?eagerLoadZvaPages=&accessLevel=&hasValidToken=false&canPlayFromShare=true&from=share\_recording\_detail&continueMode=true&componentName=rec-play&originRequestUrl=https%3A%2F%2Fsidoti.zoom.us%2Frec%2Fshare%2FB5K-a9Fkmv9fUPO7RJzWtQ\_c9aMgbGxPqvtzFnd4Egku03NtXTFZWED882V97tDf.fl0F231wB7-0Pq6m](https://sidoti.zoom.us/rec/play/qnhcwKZfIxVAxa9an0kLv_ZtGPoZQq0PS-XYKElCSWphboAC2sHlyzyFLeQQf_DTkIuT5RQJ02MFdwFI.ewdNalQAg-5S2-aq?eagerLoadZvaPages=&accessLevel=&hasValidToken=false&canPlayFromShare=true&from=share_recording_detail&continueMode=true&componentName=rec-play&originRequestUrl=https%3A%2F%2Fsidoti.zoom.us%2Frec%2Fshare%2FB5K-a9Fkmv9fUPO7RJzWtQ_c9aMgbGxPqvtzFnd4Egku03NtXTFZWED882V97tDf.fl0F231wB7-0Pq6m)