Sun. May 19th, 2024

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET

Company Participants

Matthew Crawford – Chairman, President and Chief Executive Officer
Patrick Fogarty – Vice President and Chief Financial Officer

Conference Call Participants

Dave Storms – Stonegate
Christian Zyla – KeyBanc Capital Markets
Yilma Abebe – JPMorgan


Good morning and welcome to the Park-Ohio First Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode. After the presentation, the company will conduct a question-and-answer session. Today’s conference is also being recorded. [Operator Instructions]

Before we get started, I want to remind everyone that certain statements made on today’s call may be forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. A list of relevant risks and uncertainties may be found in the earnings press release as well as in the company’s 2023 10-K, which was filed on March 6, 2024, with the SEC.

Additionally, the company may discuss adjusted EPS, adjusted operating income and EBITDA as defined on a continuing operations or consolidated basis. These metrics are not measures of performance under generally accepted accounting principles. For a reconciliation of EPS to adjusted EPS, operated income to adjusted operated income and net income attributable to Park-Ohio common shareholders to EBITDA as defined, please refer to the company’s recent earnings release.

I will now turn the conference over to Mr. Matthew Crawford, Chairman, President and CEO. Please proceed, Mr. Crawford.

Matthew Crawford

Great. Thank you very much, and welcome to the first quarter of 2024 conference call. Thank you for joining. We’re pleased with the performance of our company during the quarter, especially as it relates to our improved margins and

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