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Jun 30, 2024
Park-Ohio Q2 2024 Earnings Report
Park-Ohio reported record net sales and improved profitability.
Key Takeaways
Park-Ohio announced record net sales of $433 million and improved profitability for the second quarter of 2024. The company's GAAP EPS from continuing operations improved 67% to $0.95 per diluted share, and adjusted EPS from continuing operations increased 23% to $1.02 per diluted share.
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 EPS from continuing operations improved 67% to $0.95 per diluted share, up from $0.57 in Q2 2023.
Revenue by Segment
Forward Guidance
For 2024, the company expects year-over-year revenue growth to be between 2% and 4%, with continued improvement in adjusted EPS and EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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