Park-Ohio Holdings Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Park-Ohio Holdings (NASDAQ:PKOH) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$417.6m (flat on 3Q 2023).
• Net income: US$13.7m (up 9.6% from 3Q 2023).
• Profit margin: 3.3% (up from 3.0% in 3Q 2023).
• EPS: US$1.05 (up from US$1.01 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Park-Ohio Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are up 12% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Park-Ohio Holdings (including 1 which makes us a bit uncomfortable).

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