Park-Ohio reports Q3 adjusted EPS $1.07, two estimates 89c

Reports Q3 revenue $418M, consensus $438.7M. “We are pleased with the performance of our Company during the third quarter. While demand was stable overall, we continue to see challenges in some of our varied end markets. Regardless, we delivered improved profitability and additional progress towards our margin and debt reduction goals. We anticipate modest growth to return in the fourth quarter and into 2025, as well as continued progress on our debt reduction initiatives,” said Matthew V. Crawford, Chairman and Chief Executive Officer.