Park-ohio Holdings Corp. · NASDAQ:PKOH
Park-ohio — Q1 2023 Earnings Presentation
10 slides from Park-ohio's earnings presentation, May 4, 2023
Slide 1: First Quarter 2023 Earnings Call Presentation
Park-Ohio Holdings Corp. First Quarter 2023 Earnings Call Presentation May 4, 2023
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: Highlights in First Quarter 2023
Highlights in First Quarter 2023 Net sales from continuing operations of $423.5 million, up 18% year-over- year; strong organic growth in all business segments Gross margin from continuing operations of 15.8%, the highest level since 2019 Operating income from continuing operations of $20.2 mi
Slide 4: Consolidated Results
Consolidated Results (in millions, except EPS) Net Sales Adjusted EPS EBITDA, as defined $0.72 $423 $30 $0.51 $28 $358 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 • Increase in sales from continuing operations was driven by stronger customer demand across most key end markets. • Improvement in A
Slide 5: Supply Technologies Segment
Supply Technologies Segment (in millions) Net Sales Operating Income $14 $196 $12 $169 Q1 2022 Q1 2023 Q1 2022 Q1 2023 • Sales increased 16% year-over-year driven by strong • Sales in our fastener manufacturing business were up demand in most key end markets. 12% year-over-year due to strong demand
Slide 6: Assembly Components Segment
Assembly Components Segment (in millions) Net Sales Adjusted Operating Income $110 $98 $8 $1 Q1 2022 Q1 2023 Q1 2022 Q1 2023 • Sales increased 13% year-over-year driven by • These positive factors more than offset the negative higher customer demand. impacts of product inflation and higher operating
Slide 7: Engineered Products Segment
Engineered Products Segment (in millions) Net Sales Adjusted Operating Income $117 $7 $91 $2 Q1 2022 Q1 2023 Q1 2022 Q1 2023 • Sales increased 29% year-over-year driven by strong demand • Adjusted operating income increased to $7 million, in both our capital equipment business and our forged and wit
Slide 8: 2023 Expectations
2023 Expectations Full Year 2023 Guidance unchanged: Sales growth of 5-10% year-over-year, with a bias towards the high end of the range Higher adjusted operating income, EBITDA as defined, free cash flow and adjusted EPS. 2023 guidance expected to result from higher sales levels and improved
Slide 9: Non-GAAP Reconciliations
Non-GAAP Reconciliations Three Months Ended March 31, 2023 2022 Income from continuing operations attributable to Park-Ohio Holdings Corp. common shareholders $ 0.61 $ 0.30 Adjustments: Restructuring and other specal charges 0.20 0.25 Acquisition-related expenses 0.01 0.03 Gain on sale of assets (0.
Slide 10: Non-GAAP Reconciliations (continued)
Non-GAAP Reconciliations (continued) 10