Park-Ohio Holdings (PKOH) Tops Q1 EPS by 2c ; Provides Outlook

Park-Ohio Holdings (NASDAQ: PKOH) reported Q1 EPS of $0.85, $0.02 better than the analyst estimate of $0.83. Revenue for the quarter came in at $418 million versus the consensus estimate of $446.65 million.

2024 OUTLOOK - CONTINUING OPERATIONS

For 2024, we continue to expect revenue growth in the mid-single digit range year-over-year, driven by continued strong demand in most end markets in Supply Technologies and Assembly Components, and the strength of our backlog in Engineered Products. In addition, we continue to expect year-over-year improvement in EPS and EBITDA, as defined.

For earnings history and earnings-related data on Park-Ohio Holdings (PKOH) click here.

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