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Stock impact report

ParkOhio Announces Fourth Quarter and Full Year 2023 Results and the Acquisition of EMA Indutec GmbH [Yahoo! Finance]

Park-Ohio Holdings Corp. (PKOH) 
Last park-ohio holdings corp. earnings: 3/11 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: pkoh.com/investor-relations
Company Research Source: Yahoo! Finance
GAAP EPS from continuing operations of $0.54 per diluted share, up from a loss of $(0.58) per diluted share a year ago Q4 results impacted by United Auto Workers strike at light vehicle and heavy truck plants Strong Q4 operating cash flows of $29 million and free cash flow of $22 million Completed sale of Aluminum Products business Full year: Record net sales from continuing operations of $1.7 billion, up 11% YOY, and record net sales in each business segment GAAP EPS from continuing operations of $2.72 per diluted share compared to $0.83 in 2022 Adjusted EPS from continuing operations of $3.07 per diluted share, up 74% compared to $1.76 per diluted share in 2022 EBITDA from continuing operations improved 33% to $134 million in 2023 Strong full year operating cash flows of $53 million and free cash flow of $25 million 2024 Outlook: Revenues expected to grow in the mid-single digit range year-over-year, driven primarily by continued strong demand expected in Supp Show less Read more
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