Park-Ohio reports Q1 EPS 85c, two estimates 79c

Reports Q1 revenue $418M, two estimates $436.8M. “We are pleased with our first quarter results, particularly as it relates to our improved quality of earnings. Our results are in line with our prior expectations, and we continue to see solid backlogs in most businesses, especially in our equipment and forging end markets. We will continue our focus on operating excellence and improved cash flow metrics throughout the remainder of the year. Additionally, we continue to benefit broadly from macro-economic trends, which include increased investments in critical end markets including aerospace, defense, EV, industrial electrification and infrastructure,” said Matthew V. Crawford, Chairman and Chief Executive Officer.