- 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
million compared to $7.1 million in Q2 2023
- GAAP EPS from continuing operations improved 67% to $0.95 per
diluted share, up from $0.57 in Q2 2023
- Adjusted EPS from continuing operations of $1.02 per diluted
share, up 23% vs. $0.83 in Q2 2023
- EBITDA, as defined improved 10% year-over-year to $39 million,
up 80 basis points to 9.1% of net sales
Park-Ohio Holdings Corp. (NASDAQ: PKOH) today announced its
results for the second quarter of 2024.
“We are proud to have delivered record revenue results and
improved profitability during the second quarter. We achieved these
results against a stable but mixed revenue backdrop, with
particular strength coming from our aerospace and defense market as
well as benefiting from significant backlogs in some of our long
cycle businesses. While we expect mixed demand in global industrial
markets to continue, our diversification and improved cost
structure will help us achieve year-over-year revenue growth with
improved profitability and free cash flow through the business
cycle," said Matthew V. Crawford, Chairman and Chief Executive
Officer.
SECOND QUARTER CONSOLIDATED RESULTS FROM
CONTINUING OPERATIONS
In the second quarter of 2024, net sales from continuing
operations were a record $432.6 million, an increase of 1% compared
to $428.1 million in the 2023 period. Gross margin was 16.9%, an
increase of 50 basis points compared to 16.4% in the 2023 second
quarter. Income from continuing operations attributable to ParkOhio
common shareholders in the second quarter of 2024 was $12.3
million, or $0.95 per diluted share, compared to $7.1 million, or
$0.57 per diluted share in the second quarter of 2023. Excluding
special non-recurring items, adjusted EPS from continuing
operations was $1.02 per diluted share in the second quarter of
2024 compared to $0.83 per diluted share in the 2023 period, an
increase of 23%. The year-over-year profit improvement was driven
by strong operating profit in our Supply Technologies segment,
higher sales and improved operating margins in our Engineered
Products segment, and a lower effective income tax rate in the 2024
period. EBITDA, as defined totaled $39.4 million in the 2024 second
quarter, up 10% year-over-year. Please refer to the table that
follows for a reconciliation of income from continuing operations
to adjusted income from continuing operations and EBITDA, as
defined.
SECOND QUARTER SEGMENT RESULTS FROM CONTINUING
OPERATIONS
In our Supply Technologies segment, net sales in the second
quarter of 2024 were a record $202.6 million compared to $197.3
million in the second quarter a year ago, an increase of 3%. This
increase was driven by continued strong customer demand in many of
our key end markets in our supply chain business, highlighted by a
56% year-over-year sales increase in the aerospace and defense
market and year-over-year growth in the heavy-duty truck, off-road
construction, electrical distribution and consumer electronics end
markets, partially offset by year-over-year sales decreases in the
semiconductor and agricultural and industrial equipment end
markets. Sales in our fastener manufacturing business were up 12%
year-over-year, driven by higher customer demand for our
proprietary products throughout North America and Europe. Segment
operating income improved $3.6 million to $19.0 million in the
second quarter of 2024 compared to $15.4 million in the second
quarter of 2023. Operating income margin was 9.4% in the 2024
quarter, up 160 basis points from 7.8% in the 2023 second quarter,
due primarily to an increase in sales of higher-margin products,
lower operating costs in our supply chain business, ongoing
profit-improvement initiatives and continued strong demand in our
fastener manufacturing business.
In Assembly Components, net sales were $103.1 million compared
to $112.0 million in the 2023 second quarter. Sales were lower
year-over-year due primarily to lower product pricing on certain
legacy programs and lower unit volumes primarily on end-of-life
programs, partially offset by higher product pricing on certain
other programs. Segment operating income was $6.9 million in the
second quarter of 2024 compared to $8.4 million in the
corresponding 2023 quarter. Operating income margin was 6.7% in the
2024 period compared to 7.5% in the 2023 second quarter. The
decrease in operating income and margin in the second quarter of
2024 compared to the 2023 period was due to the lower product
pricing and unit volumes, which were partially offset by profit
enhancement initiatives in the 2024 period.
In Engineered Products, net sales were a record $126.9 million
in the 2024 second quarter, an increase of 7% compared to $118.8
million in last year's second quarter. This increase was driven by
higher sales of both new capital equipment and aftermarket parts
and services primarily in North America, which were up 16% compared
to the second quarter of 2023. New equipment backlog totaled $173
million at June 30, 2024 compared to $162 million at December 31,
2023. In our forged and machined products business, second quarter
2024 sales were up 8% compared to the same quarter a year ago,
driven by strong forging equipment sales into the aerospace and
defense industry. Segment operating income in the 2024 second
quarter improved to $6.3 million compared to $3.2 million in the
2023 second quarter. On an adjusted basis, which excludes
restructuring and other special charges, segment operating income
improved 20% to $7.3 million in the second quarter of 2024 compared
to $6.1 million in the 2023 period, driven by higher sales and
improved margins in our capital equipment business, which more than
offset lower unit volumes and margins in our forged and machined
products business.
Please refer to the tables that follow for a reconciliation of
segment operating income to adjusted segment operating income.
YEAR-TO-DATE CONSOLIDATED RESULTS FROM
CONTINUING OPERATIONS
In the six months ended June 30, 2024, net sales from continuing
operations were $850.2 million compared to $851.6 million in the
2023 period. Gross margin was 17.0%, an increase of 90 basis points
compared to 16.1% in the 2023 period. Income from continuing
operations attributable to ParkOhio common shareholders in the six
months ended June 30, 2024 was $22.9 million, or $1.79 per diluted
share, compared to $14.6 million, or $1.18 per diluted share in the
same period in 2023. Excluding special non-recurring items,
adjusted EPS from continuing operations was $1.87 per diluted share
in the 2024 period compared to $1.55 per diluted share in the 2023
period, an increase of 21%. EBITDA, as defined totaled $77.2
million during the six-month period ended June 30, 2024, and EBITDA
margins were up 120 basis points year-over-year to 9.1% of net
sales. On a trailing twelve-month basis, our income from continuing
operations attributable to ParkOhio common shareholders was $42.3
million, and our EBITDA, as defined was $144.9 million. Please
refer to the table that follows for a reconciliation of income from
continuing operations to adjusted income from continuing operations
and EBITDA, as defined.
2024 OUTLOOK - CONTINUING OPERATIONS
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. In addition, we continue to expect year-over-year
improvement in adjusted EPS and EBITDA, as defined.
CONFERENCE CALL
A conference call reviewing ParkOhio’s second quarter 2024
results will be broadcast live over the Internet on Thursday August
8, commencing at 10:00 am Eastern Time. Simply log on to
http://www.pkoh.com. An investor presentation is available on
the Company's website.
ParkOhio is a diversified international company providing
world-class customers with a supply chain management outsourcing
service, capital equipment used on their production lines, and
manufactured components used to assemble their products.
Headquartered in Cleveland, Ohio, ParkOhio operates approximately
130 manufacturing sites and supply chain logistics facilities
worldwide, through three reportable segments: Supply Technologies,
Assembly Components and Engineered Products.
This news release contains 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 achievements, or
industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. These factors that could cause actual
results to differ materially from expectations include, but are not
limited to, the following: our ability to realize any contingent
consideration from the sale of the Aluminum Products business; the
impact supply chain and logistic issues have on our business,
results of operations, financial position and liquidity; our
substantial indebtedness; the uncertainty of the global economic
environment; general business conditions and competitive factors,
including pricing pressures and product innovation; demand for our
products and services; the impact of labor disturbances affecting
our customers; raw material availability and pricing; fluctuations
in energy costs; component part availability and pricing; changes
in our relationships with customers and suppliers; the financial
condition of our customers, including the impact of any
bankruptcies; our ability to successfully integrate recent and
future acquisitions into existing operations; the amounts and
timing, if any, of purchases of our common stock; changes in
general economic conditions such as inflation rates, interest
rates, tax rates, unemployment rates, higher labor and healthcare
costs, recessions and changing government policies, laws and
regulations, including those related to the current global
uncertainties and crises, such as tariffs and surcharges; adverse
impacts to us, our suppliers and customers from acts of terrorism
or hostilities, including the conflicts between Russia and Ukraine
and in the Middle East, or political unrest, including the rising
tension between China and the United States; public health issues,
including the outbreak of infectious diseases and any impact on our
facilities and operations and our customers and suppliers; our
ability to meet various covenants, including financial covenants,
contained in the agreements governing our indebtedness;
disruptions, uncertainties or volatility in the credit markets that
may limit our access to capital; potential disruption due to a
partial or complete reconfiguration of the European Union;
increasingly stringent domestic and foreign governmental
regulations, including those affecting the environment or import
and export controls and other trade barriers; inherent
uncertainties involved in assessing our potential liability for
environmental remediation-related activities; the outcome of
pending and future litigation and other claims and disputes with
customers; our dependence on the automotive and heavy-duty truck
industries, which are highly cyclical; the dependence of the
automotive industry on consumer spending; our ability to negotiate
contracts with labor unions; our dependence on key management; our
dependence on information systems; our ability to continue to pay
cash dividends, and the timing and amount of any such dividends;
and the other factors we describe under "Item 1A. Risk Factors"
included in the Company’s Annual Report on Form 10-K for the year
ended December 31, 2023. Any forward-looking statement speaks only
as of the date on which such statement is made, and we undertake no
obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as
required by law. In light of these and other uncertainties, the
inclusion of a forward-looking statement herein should not be
regarded as a representation by us that our plans and objectives
will be achieved. The Company assumes no obligation to update the
information in this release.
Park-Ohio Holdings Corp. and
Subsidiaries
Condensed Consolidated
Statements of Income (Unaudited)
Three Months Ended June
30,
Six Months Ended June
30,
2024
2023
2024
2023
(In millions, except per share
data)
Net sales
$
432.6
$
428.1
$
850.2
$
851.6
Cost of sales
359.4
358.0
705.6
714.3
Selling, general and administrative
expenses
47.4
46.8
94.5
92.1
Restructuring, acquisition-related and
other special charges
1.2
4.1
1.5
6.6
Gains on sales of assets
—
—
—
(0.8
)
Operating income
24.6
19.2
48.6
39.4
Other components of pension and other
postretirement benefits income, net
1.4
0.6
2.7
1.3
Interest expense, net
(12.0
)
(11.1
)
(23.9
)
(21.8
)
Income from continuing operations before
income taxes
14.0
8.7
27.4
18.9
Income tax expense
(2.6
)
(2.1
)
(5.9
)
(4.7
)
Income from continuing operations
11.4
6.6
21.5
14.2
Loss attributable to noncontrolling
interests
0.9
0.5
1.4
0.4
Income from continuing operations
attributable to Park-Ohio Holdings Corp. common shareholders
12.3
7.1
22.9
14.6
Loss from discontinued operations, net of
tax
(0.4
)
(1.7
)
(1.4
)
(3.4
)
Net income attributable to Park-Ohio
Holdings Corp. common shareholders
$
11.9
$
5.4
$
21.5
$
11.2
Income (loss) per common share
attributable to Park-Ohio Holdings Corp. common shareholders:
Basic:
Continuing operations
$
0.98
$
0.58
$
1.85
$
1.20
Discontinued operations
(0.03
)
(0.14
)
(0.11
)
(0.28
)
Total
$
0.95
$
0.44
$
1.74
$
0.92
Diluted:
Continuing operations
$
0.95
$
0.57
$
1.79
$
1.18
Discontinued operations
(0.03
)
(0.14
)
(0.11
)
(0.28
)
Total
$
0.92
$
0.43
$
1.68
$
0.90
Weighted-average shares used to compute
income (loss) per share:
Basic
12.5
12.2
12.4
12.2
Diluted
12.9
12.4
12.8
12.4
Dividends per common share
$
0.125
$
0.125
$
0.250
$
0.250
Other financial data:
EBITDA, as defined
$
39.4
$
35.7
$
77.2
$
67.2
Park-Ohio Holdings Corp. and
Subsidiaries
Supplemental Non-GAAP Financial Measures
(Unaudited)
Adjusted earnings from continuing operations is a non-GAAP
financial measure that the Company is providing in this press
release. Adjusted earnings from continuing operations is income
from continuing operations calculated in accordance with generally
accepted accounting principles ("GAAP"), adjusted for special
items. The Company presents this non-GAAP financial measure because
management uses adjusted earnings from continuing operations to
compare its operating performance on a consistent basis over
multiple periods because they remove the impact of certain
significant noncash credits or charges and certain infrequent items
impacting net income. Adjusted earnings is not a measure of
performance under GAAP and should not be considered in isolation
from, or as a substitute for, income from continuing operations
calculated in accordance with GAAP. Adjusted income from continuing
operations herein may not be comparable to similarly titled
measures of other companies. The following table reconciles income
from continuing operations to adjusted earnings from continuing
operations:
Three Months Ended June
30,
Six Months Ended June
30,
2024
2023
2024
2023
Earnings
Diluted EPS
Earnings
Diluted EPS
Earnings
Diluted EPS
Earnings
Diluted EPS
(In millions, except for
earnings per share (EPS))
Income from continuing operations
attributable to Park-Ohio Holdings Corp. common shareholders
$
12.3
$
0.95
$
7.1
$
0.57
$
22.9
$
1.79
$
14.6
$
1.18
Adjustments:
Restructuring and other special
charges
1.2
0.09
4.1
0.34
1.2
0.09
6.5
0.53
Acquisition-related expenses
—
—
—
—
0.3
0.02
0.1
0.01
Gains on sales of assets
—
—
—
—
—
—
(0.8
)
(0.06
)
Tax effect of above adjustments
(0.3
)
(0.02
)
(1.0
)
(0.08
)
(0.4
)
(0.03
)
(1.3
)
(0.11
)
Non-controlling interest impact
(0.1
)
—
—
—
(0.1
)
—
—
—
Adjusted earnings
$
13.1
$
1.02
$
10.2
$
0.83
$
23.9
$
1.87
$
19.1
$
1.55
The following table shows the impact of
these adjustments on our segment results (continuing
operations):
Cost of Sales
SG&A
Total
Cost of Sales
SG&A
Total
(In millions)
Three Months Ended June 30,
2024
Three Months Ended June 30,
2023
Supply Technologies
$
—
$
0.2
$
0.2
$
—
$
—
$
—
Assembly Components
—
—
—
1.2
—
1.2
Engineered Products
—
1.0
1.0
0.2
2.7
2.9
Corporate
—
—
—
—
—
—
Total continuing operations
$
—
$
1.2
$
1.2
$
1.4
$
2.7
$
4.1
Six Months Ended June 30,
2024
Six Months Ended June 30,
2023
Supply Technologies
$
—
$
0.2
$
0.2
$
—
$
0.2
$
0.2
Assembly Components
—
—
—
1.5
—
1.5
Engineered Products
—
1.3
1.3
0.2
4.7
4.9
Corporate
—
—
—
—
—
—
Total continuing operations
$
—
$
1.5
$
1.5
$
1.7
$
4.9
$
6.6
Park-Ohio Holdings Corp. and
Subsidiaries
Supplemental Non-GAAP Financial Measures
(Unaudited)
EBITDA, as defined is a non-GAAP financial measure that the
Company is providing in this press release. EBITDA, as defined
reflects net income attributable to Park-Ohio Holdings Corp. common
shareholders before interest expense, income taxes, depreciation
and amortization, and also excludes certain charges and
corporate-level expenses as defined in the Company's current
revolving credit facility. The Company presents this non-GAAP
financial measure because management uses EBITDA, as defined to
assess the Company's performance and to calculate its debt service
coverage ratio under its current revolving credit facility. EBITDA,
as defined is not a measure of performance under GAAP and should
not be considered in isolation from, or as a substitute for, net
income or cash flow information calculated in accordance with GAAP.
EBITDA, as defined herein may not be comparable to similarly titled
measures of other companies. The following table reconciles net
income to EBITDA, as defined:
Three Months Ended June
30,
Six Months Ended June
30,
Trailing Twelve-Months Ended
June 30, 2024
2024
2023
2024
2023
(In millions)
Income from continuing operations
attributable to Park-Ohio Holdings Corp. common shareholders
$
12.3
$
7.1
$
22.9
$
14.6
$
42.3
Add back:
Interest expense, net
12.0
11.1
23.9
21.8
47.2
Income tax expense
2.6
2.1
5.9
4.7
9.7
Depreciation and amortization
8.3
7.8
16.7
15.5
32.9
Stock-based compensation expense
1.2
1.7
2.7
3.3
5.9
Restructuring, business optimization and
other costs
0.2
4.1
0.2
6.5
0.2
Loss on sale of assets
—
—
—
—
0.4
Acquisition-related expenses
—
—
0.3
0.1
0.3
EBITDA loss attributable to Designated
Subsidiary
2.8
1.8
4.6
1.6
5.8
Other
—
—
—
(0.9
)
0.2
EBITDA, as defined
$
39.4
$
35.7
$
77.2
$
67.2
$
144.9
Note: Trailing twelve-months may not equal
the sum of quarterly amounts due to defined calculation within
Park-Ohio Industries, Inc. Seventh Amended and Restated Credit
Agreement.
Park-Ohio Holdings Corp. and
Subsidiaries
Condensed Consolidated Balance
Sheets
(Unaudited)
June 30, 2024
December 31,
2023
(In millions)
ASSETS
Current assets:
Cash and cash equivalents
$
59.9
$
54.8
Accounts receivable, net
275.5
263.3
Inventories, net
427.8
411.1
Other current assets
100.9
95.2
Total current assets
864.1
824.4
Property, plant and equipment, net
184.1
184.9
Operating lease right-of-use assets
43.8
44.7
Goodwill
114.1
110.2
Intangible assets, net
74.5
73.3
Other long-term assets
100.0
103.2
Total assets
$
1,380.6
$
1,340.7
LIABILITIES AND SHAREHOLDERS'
EQUITY
Current liabilities:
Trade accounts payable
$
194.7
$
204.0
Current portion of long-term debt and
short-term debt
13.1
9.4
Current portion of operating lease
liabilities
11.7
10.6
Accrued expenses and other
137.5
139.6
Total current liabilities
357.0
363.6
Long-term liabilities, less current
portion:
Long-term debt
670.3
633.4
Long-term operating lease liabilities
32.3
34.4
Other long-term liabilities
19.1
19.4
Total long-term liabilities
721.7
687.2
Park-Ohio Holdings Corp. and Subsidiaries
shareholders' equity
293.8
280.4
Noncontrolling interests
8.1
9.5
Total equity
301.9
289.9
Total liabilities and shareholders'
equity
$
1,380.6
$
1,340.7
Park-Ohio Holdings Corp. and
Subsidiaries
Condensed Consolidated
Statements of Cash Flows (Unaudited)
Six Months Ended June
30,
2024
2023
(In millions)
OPERATING ACTIVITIES FROM CONTINUING
OPERATIONS
Income from continuing operations
$
21.5
$
14.2
Adjustments to reconcile income from
continuing operations to net cash (used in) provided by operating
activities from continuing operations:
Depreciation and amortization
16.7
15.5
Stock-based compensation expense
2.7
3.3
Gain on sale of assets
—
(0.8
)
Changes in operating assets and
liabilities:
Accounts receivable
(10.1
)
(8.8
)
Inventories
(11.3
)
3.0
Prepaid and other current assets
(1.4
)
(14.1
)
Accounts payable and accrued expenses
(13.4
)
(15.1
)
Other
(5.1
)
3.7
Net cash (used in) provided by operating
activities from continuing operations
(0.4
)
0.9
INVESTING ACTIVITIES FROM CONTINUING
OPERATIONS
Purchases of property, plant and
equipment
(13.2
)
(13.4
)
Proceeds from sales of assets
—
1.4
Business acquisitions, net of cash
acquired
(11.0
)
(1.0
)
Net cash used in investing activities from
continuing operations
(24.2
)
(13.0
)
FINANCING ACTIVITIES FROM CONTINUING
OPERATIONS
Proceeds from revolving credit facility,
net
38.2
14.2
Proceeds from other debt, net
5.4
3.4
(Payments on) proceeds from finance lease
facilities, net
(1.8
)
0.9
Payments related to prior acquisitions
(0.8
)
(2.0
)
Dividends
(3.3
)
(3.2
)
Payments of withholding taxes on share
awards
(2.4
)
(1.2
)
Net cash provided by financing activities
from continuing operations
35.3
12.1
DISCONTINUED OPERATIONS:
Total used by operating activities
(4.1
)
(2.2
)
Total used by investing activities
—
(1.7
)
Total used by financing activities
—
(1.2
)
Decrease in cash and cash equivalents from
discontinued operations
(4.1
)
(5.1
)
Effect of exchange rate changes on
cash
(1.5
)
0.3
Increase (decrease) in cash and cash
equivalents
5.1
(4.8
)
Cash and cash equivalents at beginning of
period
54.8
58.2
Cash and cash equivalents at end of
period
$
59.9
$
53.4
Interest paid
$
23.3
$
22.6
Income taxes paid
$
5.7
$
4.4
Park-Ohio Holdings Corp. and
Subsidiaries
Business Segment Information
(Unaudited)
Three Months Ended June
30,
Six Months Ended June
30,
2024
2023
2024
2023
(In millions)
NET SALES OF CONTINUING OPERATIONS:
Supply Technologies
$
202.6
$
197.3
$
399.5
$
393.1
Assembly Components
103.1
112.0
210.3
222.4
Engineered Products
126.9
118.8
240.4
236.1
$
432.6
$
428.1
$
850.2
$
851.6
INCOME FROM CONTINUING OPERATIONS BEFORE
INCOME TAXES:
Supply Technologies
$
19.0
$
15.4
$
38.5
$
29.4
Assembly Components
6.9
8.4
15.5
15.7
Engineered Products
6.3
3.2
9.8
8.2
Total segment operating income
32.2
27.0
63.8
53.3
Corporate costs
(7.6
)
(7.8
)
(15.2
)
(14.7
)
Gains on sales of assets
—
—
—
0.8
Operating income
24.6
19.2
48.6
39.4
Other components of pension and other
postretirement benefits income, net
1.4
0.6
2.7
1.3
Interest expense, net
(12.0
)
(11.1
)
(23.9
)
(21.8
)
Income from continuing operations before
income taxes
$
14.0
$
8.7
$
27.4
$
18.9
Park-Ohio Holdings Corp. and
Subsidiaries
Supplemental Non-GAAP Financial Measures
(Unaudited)
Adjusted segment operating income (loss) is a non-GAAP financial
measure that the Company is providing in this press release.
Adjusted segment operating income (loss) is calculated as segment
operating income (loss) plus adjustments for plant closure and
consolidation, severance and other. The Company presents this
non-GAAP financial measure because the business segments have
incurred significant restructuring and related expenses during the
year-to-date periods. Adjusted segment operating income (loss) is
not a measure of performance under GAAP and should not be
considered in isolation from, or as a substitute for, earnings in
accordance with GAAP. Adjusted segment operating income (loss)
herein may not be comparable to similarly titled measures of other
companies. The following table reconciles adjusted segment
operating income (loss) to segment operating income (loss):
Three Months Ended June
30,
2024
2023
(In millions)
As reported
Adjustments
As adjusted
As reported
Adjustments
As adjusted
Supply Technologies
$
19.0
$
0.2
$
19.2
$
15.4
$
—
$
15.4
Assembly Components
6.9
—
6.9
8.4
1.2
9.6
Engineered Products
6.3
1.0
7.3
3.2
2.9
6.1
Corporate
(7.6
)
—
(7.6
)
(7.8
)
—
(7.8
)
Operating income - continuing
operations
$
24.6
$
1.2
$
25.8
$
19.2
$
4.1
$
23.3
Six Months Ended June
30,
2024
2023
(In millions)
As reported
Adjustments
As adjusted
As reported
Adjustments
As adjusted
Supply Technologies
$
38.5
$
0.2
$
38.7
$
29.4
$
0.2
$
29.6
Assembly Components
15.5
—
15.5
15.7
1.5
17.2
Engineered Products
9.8
1.3
11.1
8.2
4.9
13.1
Corporate
(15.2
)
—
(15.2
)
(14.7
)
—
(14.7
)
Gain on sale of assets
—
—
—
0.8
(0.8
)
—
Operating income - continuing
operations
$
48.6
$
1.5
$
50.1
$
39.4
$
5.8
$
45.2
Note: Amounts above include
non-controlling interest impact.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240807746327/en/
MATTHEW V. CRAWFORD PARK-OHIO HOLDINGS CORP. (440) 947-2000
Park Ohio (NASDAQ:PKOH)
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