Park-ohio Holdings Corp. · NASDAQ:PKOH
Park-ohio — Q3 2024 Earnings Presentation
10 slides from Park-ohio's earnings presentation, Nov 7, 2024
Slide 1: Third Quarter 2024 Earnings Call Presentation
Park-Ohio Holdings Corp. Third Quarter 2024 Earnings Call Presentation November 7, 2024
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: Third Quarter 2024 Highlights
Third Quarter 2024 Highlights Net sales of $418 million compared to $419 million in Q3 2023 Gross margin of 17.3% improved 60 basis points year-over-year GAAP EPS from continuing operations improved to $1.02 per diluted share compared to $0.99 in Q3 2023 Adjusted EPS from continuing operatio
Slide 4: Q3 Consolidated Results
Q3 Consolidated Results (in millions, except EPS) Net Sales Adjusted EPS EBITDA, as defined $1.07 $39 $39 $419 $418 $0.99 Q3 2023 Q3 2024 Q3 2023 Q3 2024 Q3 2023 Q3 2024 • In spite of a challenging industrial environment, we continued to see stable customer demand in our Supply Technologies segment
Slide 5: Q3 Supply Technologies Segment
Q3 Supply Technologies Segment (in millions) Net Sales Operating Income $20.5 $195 $15.6 $193 Q3 2023 Q3 2024 Q3 2023 Q3 2024 • Continued strength in certain of our end markets, including • Operating income improved $4.9 million, or 31%, to a record aerospace and defense, consumer electronics, elect
Slide 6: Q3 Assembly Components Segment
Q3 Assembly Components Segment (in millions) Net Sales Adjusted Operating Income $108 $99 $11.2 $6.6 Q3 2023 Q3 2024 Q3 2023 Q3 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 third
Slide 7: Q3 Engineered Products Segment
Q3 Engineered Products Segment (in millions) Net Sales Adjusted Operating Income $124 $118 $7.1 $5.2 Q3 2023 Q3 2024 Q3 2023 Q3 2024 • This overall sales increase of 6% was driven by higher sales of • In our forged and machined products business, third new capital equipment and higher sales of after
Slide 8: 2024 Outlook
2024 Outlook For 2024, we now expect revenues to be 1%-2% above our record 2023 revenues, reflecting stable demand in most end markets and revenue growth in the fourth quarter of this year compared to a year ago. In addition, we now expect adjusted EPS to increase more than 10% year-over-year, and
Slide 9: Non-GAAP Reconciliations – Q3
Non-GAAP Reconciliations – Q3 9
Slide 10: Q3 Non-GAAP Reconciliations (continued)
Q3 Non-GAAP Reconciliations (continued) 10