Park-ohio Holdings Corp. · NASDAQ:PKOH
Park-ohio — Q1 2024 Earnings Presentation
10 slides from Park-ohio's earnings presentation, Apr 30, 2024
Slide 1: First Quarter 2024 Earnings Call Presentation
Park-Ohio Holdings Corp. First Quarter 2024 Earnings Call Presentation April 30, 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: First Quarter 2024 Highlights
First Quarter 2024 Highlights 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 operations of $0.85 per diluted share, up 18% vs. $0.72 in Q1 2023 Gr
Slide 4: Q1 Consolidated Results
Q1 Consolidated Results (in millions, except EPS) Net Sales Adjusted EPS EBITDA, as defined $424 $418 $38 $0.85 $32 $0.72 Q1 2023 Q1 2024 Q1 2023 Q1 2024 Q1 2023 Q1 2024 • Continued strong demand across most end markets. The 1% decline in year-over-year sales was a result of lower sales in our capit
Slide 5: Q1 Supply Technologies Segment
Q1 Supply Technologies Segment (in millions) Net Sales Adjusted Operating Income $196 $197 $19.5 $14.2 Q1 2023 Q1 2024 Q1 2023 Q1 2024 • Continued strong customer demand in most of our key end • Adjusted operating income improved $5.5 million to $19.5 markets, driven by a 28% increase in the aerospa
Slide 6: Q1 Assembly Components Segment
Q1 Assembly Components Segment (in millions) Net Sales Adjusted Operating Income $110 $107 $8.6 $7.6 Q1 2023 Q1 2024 Q1 2023 Q1 2024 • Overall, strong demand seen across all product • Adjusted operating income was $8.6 million in the first categories, with slightly lower year-over-year unit quarter
Slide 7: Q1 Engineered Products Segment
Q1 Engineered Products Segment (in millions) Net Sales Adjusted Operating Income $117 $114 $7.0 $3.8 Q1 2023 Q1 2024 Q1 2023 Q1 2024 • Continued strong demand year-over-year, with a 3% decrease • Adjusted operating income decreased year-over-year due primarily to lower new equipment sales. driven by
Slide 8: 2024 Outlook
2024 Outlook For 2024, we expect revenue growth in the mid-single digit range year-over-year, driven by continued strong demand expected in most end markets in Supply Technologies and Assembly Components and the strength of our backlog in Engineered Products. In addition, we expect year-over-year
Slide 9: Non-GAAP Reconciliations – Q1
Non-GAAP Reconciliations – Q1 9
Slide 10: Q1 Non-GAAP Reconciliations (continued)
Q1 Non-GAAP Reconciliations (continued) 10