Park-ohio Holdings Corp. · NASDAQ:PKOH
Park-ohio — Q3 2023 Earnings Presentation
10 slides from Park-ohio's earnings presentation, Nov 2, 2023
Slide 1: Third Quarter 2023 Earnings Call Presentation
Park-Ohio Holdings Corp. Third Quarter 2023 Earnings Call Presentation November 2, 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: Third Quarter 2023 Highlights
Third Quarter 2023 Highlights Net sales of $419 million, up 9% year-over-year; strong organic growth in all business segments • Record year-to-date sales; expected record full year sales GAAP EPS from continuing operations of $0.99 per diluted share, an increase of 71% year-over-year Adjusted
Slide 4: Consolidated Results
Consolidated Results (in millions, except EPS) Net Sales Adjusted EPS EBITDA, as defined, from continuing operations $0.99 $419 $39 $384 $0.85 $30 Q3 2022 Q3 2023 Q3 2022 Q3 2023 Q3 2022 Q3 2023 • Increase in sales from continuing operations was driven by stronger customer demand across most key end
Slide 5: Supply Technologies Segment
Supply Technologies Segment (in millions) Net Sales Adjusted Operating Income $193 $16 $186 $12 Q3 2022 Q3 2023 Q3 2022 Q3 2023 • Sales increased 4% year-over-year driven by higher • Income improvement of $4 million was driven by the sales volumes in most key end markets. profit flow-through from th
Slide 6: Assembly Components Segment
Assembly Components Segment (in millions) Net Sales Adjusted Operating Income $108 $101 $11 $4 Q3 2022 Q3 2023 Q3 2022 Q3 2023 • Sales increased 7% year-over-year driven by higher • We have completed our restructuring actions in this customer demand and increased product pricing. segment, which incl
Slide 7: Engineered Products Segment
Engineered Products Segment (in millions) Net Sales Adjusted Operating Income $118 $7 $7 $97 Q3 2022 Q3 2023 Q3 2022 Q3 2023 • Sales increased 21% year-over-year driven by strong demand in both our • Adjusted operating income was strong in our capital equipment capital equipment business and our for
Slide 8: 2023 Expectations
2023 Expectations Full Year 2023 Outlook: Continue to expect revenues from continuing operations to increase 10-15% year-over-year. Continue to expect higher year-over-year adjusted operating income, EBITDA as defined, free cash flow and adjusted EPS. Fourth quarter revenues will be negatively
Slide 9: Non-GAAP Reconciliations
Non-GAAP Reconciliations Three Months Ended September 30, Adjusted EPS: 2023 2022 Income from continuing operations per common share attributable to Park-Ohio Holdings Corp. common shareholders $ 0.99 $ 0.58 Adjustments: Restructuring and other special charges - 0.32 Gains on sales of assets - 0.03
Slide 10: Non-GAAP Reconciliations (continued)
Non-GAAP Reconciliations (continued) 10