Park-ohio Holdings Corp. · NASDAQ:PKOH
Park-ohio — FY2024 Earnings Presentation
17 slides from Park-ohio's earnings presentation, Mar 6, 2025
Slide 1: Full Year 2024 Earnings Call Presentation
Park-Ohio Holdings Corp. Full Year 2024 Earnings Call Presentation March 6, 2025
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures These slides contain forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievem
Slide 3: Full Year 2024 Highlights
Full Year 2024 Highlights Net sales from continuing operations of $1.656 billion GAAP EPS from continuing operations of $3.19 per diluted share compared to $2.72 in 2023. Adjusted EPS from continuing operations of $3.59 per diluted share, up 17% compared to $3.07 per diluted share in 2023 EBIT
Slide 4: 2024 Consolidated Results
2024 Consolidated Results (in millions, except EPS) Net Sales Adjusted EPS EBITDA, as defined $1,660 $1,656 $152 $3.59 $3.07 $134 2023 2024 2023 2024 2023 2024 • Full year 2024 net sales were $1.656 billion compared to $1.660 billion in 2023. Gross margin increased 60 basis points to 17.0% in 2024 c
Slide 5: 2024 Supply Technologies Segment
2024 Supply Technologies Segment (in millions) Net Sales Operating Income $776 $75 $763 $59 2023 2024 2023 2024 • Net sales were a record $776 million, up 2% compared to • Income increased $16.0 million to $75.0 million in 2024 2023 due to continued strong demand in many of the compared to 2023, and
Slide 6: 2024 Assembly Components Segment
2024 Assembly Components Segment (in millions) Net Sales Adjusted Operating Income $428 $399 $35 $27 2023 2024 2023 2024 • Sales were lower year-over-year due primarily to • The decrease in adjusted operating income and margin in lower product pricing on certain legacy programs the 2024 compared to
Slide 7: 2024 Engineered Products Segment
2024 Engineered Products Segment (in millions) Net Sales Adjusted Operating Income $482 $24 $469 $21 2023 2024 2023 2024 • Sales were a record $482 million, up 3% in 2024 compared to • Adjusted segment operating income in 2024 decreased 2023 driven by higher new capital equipment and aftermarket $3
Slide 8: 2025 Outlook
2025 Outlook For 2025, we expect year-over-year sales growth of 2% to 4%, driven by stable demand in most of our key end markets. We also expect year-over-year improvement in adjusted operating income, adjusted net income, EBITDA as defined and free cash flow. As a result of recent actions with
Slide 9: Fourth Quarter 2024 Highlights
Fourth Quarter 2024 Highlights Net sales from continuing operations of $388 million GAAP EPS from continuing operations of $0.41 per diluted share Adjusted EPS from continuing operations of $0.67 per diluted share, up 24% vs. $0.54 in Q4 2023 EBITDA, as defined, of $37 million, up 27% from $
Slide 10: Q4 Consolidated Results
Q4 Consolidated Results (in millions, except EPS) Net Sales Adjusted EPS EBITDA, as defined $0.67 $0.54 $37 $389 $388 $29 Q4 2023 Q4 2024 Q4 2023 Q4 2024 Q4 2023 Q4 2024 • Sales from continuing operations were driven by an 2% increase in our Supply Technologies and Engineered Products segments, offs
Slide 11: Q4 Supply Technologies Segment
Q4 Supply Technologies Segment (in millions) Net Sales Operating Income $16 $178 $182 $14 Q4 2023 Q4 2024 Q4 2023 Q4 2024 • Sales increased 2% year-over-year driven by • Segment operating income was $16 million in the fourth continued strong demand in many of the quarter of 2024 compared to $14 mill
Slide 12: Q4 Assembly Components Segment
Q4 Assembly Components Segment (in millions) Net Sales Adjusted Operating Income $97 $90 $7 $5 Q4 2023 Q4 2024 Q4 2023 Q4 2024 • Lower net sales in the 2024 quarter were • The decrease in profitability in the 2024 period was impacted by OEM plant shut down schedules in driven by the lower sales leve
Slide 13: Q4 Engineered Products Segment
Q4 Engineered Products Segment (in millions) Net Sales Adjusted Operating Income $115 $117 $5 $4 Q4 2023 Q4 2024 Q4 2023 Q4 2024 • Sales increased 2% year-over-year driven by increased • Adjusted operating income increased year-over-year demand in our industrial equipment business for both new drive
Slide 14: Non-GAAP Reconciliations – Full Year
Non-GAAP Reconciliations – Full Year 14
Slide 15: FY Non-GAAP Reconciliations (continued)
FY Non-GAAP Reconciliations (continued) 15
Slide 16: Non-GAAP Reconciliations – Q4
Non-GAAP Reconciliations – Q4 16
Slide 17: Q4 Non-GAAP Reconciliations (continued)
Q4 Non-GAAP Reconciliations (continued) 17