Park-Ohio Holdings Sees FY24 Revenue Growth In Mid-Single Digit Range YoY, Driven By Continued Strong Demand In Most End Markets In Supply Technologies And Assembly Components, And Strength Of Backlog In Engineered Products; Expects YoY Improvement In EPS And EBITDA
Portfolio Pulse from Benzinga Newsdesk
Park-Ohio Holdings forecasts FY24 revenue growth in the mid-single digit range year-over-year, attributed to strong demand in most end markets for Supply Technologies and Assembly Components, and a robust backlog in Engineered Products. The company also anticipates year-over-year improvements in EPS and EBITDA.
April 29, 2024 | 8:41 pm
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Park-Ohio Holdings expects FY24 revenue growth in the mid-single digit range, with improvements in EPS and EBITDA, driven by strong demand and a robust backlog.
The positive outlook for FY24 revenue growth and improvements in EPS and EBITDA are likely to be viewed favorably by investors, potentially leading to a positive short-term impact on PKOH's stock price. The company's strong demand in key markets and a robust backlog are solid indicators of its financial health and operational efficiency, which are critical factors for stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100