ParkOhio(PKOH) - 2023 Q4 - Annual Results
PKOHParkOhio(PKOH)2024-03-06 05:12

EXHIBIT 99.1 ParkOhio Announces Fourth Quarter and Full Year 2023 Results and the Acquisition of EMA Indutec GmbH Fourth quarter: • Net sales from continuing operations of 389million,up2389 million, up 2% year-over-year • GAAP EPS from continuing operations of 0.54 per diluted share, up from a loss of (0.58)perdilutedshareayearagoQ4resultsimpactedbyUnitedAutoWorkersstrikeatlightvehicleandheavytruckplantsStrongQ4operatingcashflowsof(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 • Complete ...