ParkOhio Now Expects FY24 Revenue Growth To Be Between 2% And 4%, Due To Slowing But Stable Demand In Certain End Markets
Portfolio Pulse from Benzinga Newsdesk
ParkOhio (PKOH) now expects FY24 revenue growth to be between 2% and 4%, citing slowing but stable demand in certain end markets. The company also anticipates year-over-year improvement in adjusted EPS and EBITDA.
August 07, 2024 | 9:15 pm
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ParkOhio (PKOH) revises its FY24 revenue growth expectations to 2%-4% due to stable demand in certain markets. The company also expects year-over-year improvement in adjusted EPS and EBITDA.
The revision of revenue growth expectations to 2%-4% indicates a positive outlook despite slowing demand in some markets. The anticipated improvement in adjusted EPS and EBITDA further supports a positive short-term impact on PKOH's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100