QUARTERLY INFORMATION – UNAUDITED

The quarterly information includes the results of operations of Åkers from March 3, 2016, and ASW from November 1, 2016, their respective dates of acquisition. Accordingly, the quarterly information for 2016 is not fully comparable to 2017.

(in thousands, except per share amounts)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
2017
Net sales	$	103,516		$	110,550		$	103,886		$	114,449
Gross profit^(a)		18,853			18,533			16,591			20,752
Net loss attributable to Ampco-Pittsburgh^(b)		(4,783	)		(1,913	)		(2,202	)		(3,191	)
Net loss per common share attributable to Ampco-Pittsburgh:
Basic^(b)		(0.39	)		(0.16	)		(0.18	)		(0.26	)
Diluted^(b)		(0.39	)		(0.16	)		(0.18	)		(0.26	)
Comprehensive (loss) income attributable to Ampco-Pittsburgh		(1,808	)		2,952			1,660			7,320
2016
Net sales	$	63,578		$	93,301		$	82,861		$	92,126
Gross profit^(a)		12,473			15,849			15,594			11,454
Net loss attributable to Ampco-Pittsburgh^(c)		(2,890	)		(6,486	)		(27,382	)		(43,062	)
Net loss per common share attributable to Ampco-Pittsburgh:
Basic^(c)		(0.26	)		(0.53	)		(2.23	)		(3.51	)
Diluted^(c)		(0.26	)		(0.53	)		(2.23	)		(3.51	)
Comprehensive loss attributable to Ampco-Pittsburgh^(d)		(1,501	)		(10,739	)		(22,894	)		(47,972	)

(a)	Gross profit excludes depreciation and amortization.

(b)	The fourth quarter of 2017 includes an unfavorable net impact of approximately $1,565 or $0.13 per common share related to the new U.S. Tax Cuts and Jobs Act legislation.

(c)

The second, third and fourth quarters of 2016 include valuation allowances of $1,419, $26,903 and $2,083, respectively, to recognize existing net deferred income tax assets to their estimated net realizable value. Fourth quarter of 2016 also includes an after-tax charge of $4,565 or $0.38 per common share for estimated costs of asbestos-related litigation through 2026, net of estimated insurance recoveries, and a settlement with an insurance carrier for an amount greater than originally estimated, and an after-tax charge of $26,676 or $2.23 per common share primarily for the write-off of goodwill in the Forged and Cast Engineered Products reporting unit deemed to be impaired.

(d)

Third quarter of 2016 includes an adjustment to recognize the effect of a plan amendment to one of its other postretirement benefit plans of $4,762. No income tax benefit was recognized due to the Corporation having a valuation allowance recorded against the deferred income tax assets for the jurisdiction affected by the plan amendment.