Park-Ohio Q1 GAAP EPS $0.83 (+36% YoY); EBITDA $37.8M (+19%); margin expands 120 bps

PARK OHIO HOLDINGS CORP

2024-Q1 EPS reported $0.75 revenue$417,600,000

Net sales $417.6M vs $423.5M Q1 2023; gross margin 17.1% up 120 bps YoY.
GAAP EPS from cont. ops $0.83 (up from $0.61); adjusted EPS $0.85 (up from $0.72).
Supply Technologies segment op income record $19.5M with 9.9% margin (+270 bps YoY).
Engineered Products adjusted op income $3.8M vs $7.0M prior year; backlog $151M.
S&P upgraded issuer credit to B from B- on Apr 10; full-year 2024 outlook unchanged.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PARK OHIO HOLDINGS CORP reported first quarter of 2024 results: revenue $417.6 million, net income $10.6 million, EPS $0.83 per diluted share. Guidance reaffirmed.

Period: first quarter of 2024
Revenue: $417.6 million
Net income: $10.6 million
EPS: $0.83 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

except as shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- ParkOhio Announces Strong First Quarter 2024 Results • Net sales of $418 million compared to $424 million in Q1 2023 • GAAP EPS from continuing operations improved 36% to $0.83 per diluted share, up from $0.61 in Q1 2023; Adjusted EPS from continuing

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PARK OHIO HOLDINGS CORP filing history →

Source: SEC EDGAR

accession 0000076282-24-000030

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