Park-Ohio Holdings (NASDAQ:PKOH) Second Quarter 2024 Results
Key financial results
- Revenue: $432.6 million (up 1.1% from Q2 2023).
- Net income: $12.3 million (up 73% from Q2 2023).
- Profit margin: 2.8% (compared to 1.7% in Q2 2023).
- Earnings per share: $0.98 (compared to $0.58 in Q2 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Park-Ohio Holdings’ earnings per share exceed expectations, sales fall short
Sales missed analysts’ estimates by 2.9%. Earnings per share (EPS) exceeded analysts’ estimates by 7.6%.
An average sales growth of 4.5% per annum is expected for the next three years. In the USA, growth of 3.2% is forecast for mechanical engineering.
Performance of American mechanical engineering industry.
The company’s shares fell 6.5 percent compared to the previous week.
Risk analysis
Don’t forget that there can still be risks. For example, we have found 2 warning signs for Park-Ohio Holdings (1 should not be ignored) You should be aware of this.
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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
