In This Article:
-
Sales: $405 million compared to $418 million a year ago.
-
Gross Margin: 16.8% compared to 17.1% in the first quarter of last year.
-
Operating Income: $19 million compared to $24 million in the first quarter of last year.
-
Interest Costs: $11 million compared to $11.9 million last year.
-
Effective Tax Rate: Approximately 20% for the quarter.
-
GAAP Earnings Per Share: $0.61 per diluted share compared to $0.83 last year.
-
Adjusted Earnings Per Share: $0.66 per share compared to $0.85 per share a year ago.
-
EBITDA: $34 million for the quarter; $148 million on a trailing twelve-month basis.
-
Cash Flow from Operations: Use of $10 million.
-
Capital Spending: $9.5 million in the first quarter.
-
Liquidity: $210 million, including $55 million of cash on hand.
-
Supply Technologies Sales: $188 million compared to $197 million last year.
-
Assembly Component Sales: $97 million compared to $107 million a year ago.
-
Engineered Product Sales: $121 million compared to $114 million a year ago.
-
2025 Net Sales Forecast: Estimated to range from $1.6 billion to $1.7 billion.
-
2025 Adjusted Earnings Forecast: Expected to be in the range of $3 to $3.50 per share.
Release Date: May 07, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
-
Park-Ohio Holdings Corp (NASDAQ:PKOH) saw a rebound in sales during February and March after a slow start in January, aligning with expectations.
-
The Engineered Products Group showed year-over-year improvement, with strong execution and increased profitability anticipated to continue.
-
The company is focusing on reshaping its business by investing in its best products and services, leading to record growth in remaining businesses, particularly in supply technologies.
-
Park-Ohio Holdings Corp (NASDAQ:PKOH) is well-positioned to benefit from reshoring trends, with a significant portion of its revenue coming from domestic customers.
-
The company experienced sales growth in its industrial equipment business and engineered products segment, with a 13% increase in sales and improved operating margins.
Negative Points
-
First quarter results were below internal expectations due to volatility in end markets.
-
The Assembly Component segment faced challenges with lower unit volumes, pricing issues, and delayed new business launches, impacting sales.
-
Consolidated gross margin and operating income margin declined due to lower sales levels in supply technologies and assembly component segments.
-
GAAP and adjusted earnings per share decreased year-over-year, driven by lower sales and an increase in diluted shares outstanding.
-
The company faces uncertainties related to tariffs and market demand, leading to a widened earnings forecast range for 2025.