Park-Ohio sees FY24 revenue growth 1%-2% y/y

The company said, “For 2024, we now expect revenues to be 1%-2% above our record 2023 revenues, reflecting stable demand in most end markets and revenue growth in the fourth quarter of this year compared to a year ago. In addition, we now expect adjusted EPS to increase more than 10% year-over-year, and EBITDA, as defined to approximate $150 million, an increase of 12% compared to 2023.”