Park-ohio Holdings Corp. · NASDAQ:PKOH
Park-ohio — Q2 2024 Earnings Presentation
10 slides from Park-ohio's earnings presentation, Aug 8, 2024
Slide 1: Second Quarter 2024 Earnings Call Presentation
Park-Ohio Holdings Corp. Second Quarter 2024 Earnings Call Presentation August 8, 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: Second Quarter 2024 Highlights
Second Quarter 2024 Highlights Record net sales of $433 million compared to $428 million in Q2 2023 Gross margin of 16.9% improved 50 basis points year-over-year Operating income margin improved 120 basis points to 5.7% year- over-year GAAP income from continuing operations improved to $12.3
Slide 4: Q2 Consolidated Results
Q2 Consolidated Results (in millions, except EPS) Net Sales Adjusted EPS EBITDA, as defined $1.02 $39 $36 $433 $428 $0.83 Q2 2023 Q2 2024 Q2 2023 Q2 2024 Q2 2023 Q2 2024 • Record sales due to increasing customer demand in certain key end markets, including strength in aerospace and defense, continue
Slide 5: Q2 Supply Technologies Segment
Q2 Supply Technologies Segment (in millions) Net Sales Adjusted Operating Income $203 $197 $19.2 $15.4 Q2 2023 Q2 2024 Q2 2023 Q2 2024 • Continued strong customer demand in many key end markets • Adjusted operating income improved $4.8 million to $19.2 in our supply chain business, highlighted by a
Slide 6: Q2 Assembly Components Segment
Q2 Assembly Components Segment (in millions) Net Sales Adjusted Operating Income $112 $103 $9.6 $6.9 Q2 2023 Q2 2024 Q2 2023 Q2 2024 • Sales were lower year-over-year due to lower • Adjusted operating income margin was 6.7% in the 2024 product pricing on certain legacy programs and period compared t
Slide 7: Q2 Engineered Products Segment
Q2 Engineered Products Segment (in millions) Net Sales Adjusted Operating Income $127 $7.3 $119 $6.1 Q2 2023 Q2 2024 Q2 2023 Q2 2024 • This increase was driven by higher sales of both new capital • Adjusted operating income improved 20% in the equipment and aftermarket parts and services primarily i
Slide 8: 2024 Outlook
2024 Outlook For 2024, we now expect year-over-year revenue growth to be between 2% and 4%, due to slowing but stable demand in certain end markets. We continue to expect year-over-year improvement in adjusted EPS and EBITDA, as defined. In our Supply Technologies segment, we continue to focus o
Slide 9: Non-GAAP Reconciliations – Q2
Non-GAAP Reconciliations – Q2 9
Slide 10: Q2 Non-GAAP Reconciliations (continued)
Q2 Non-GAAP Reconciliations (continued) 10