Park-Ohio Holdings Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 428.1 million compared to USD 369.8 million a year ago. Net income was USD 5.4 million compared to USD 1 million a year ago. Basic earnings per share from continuing operations was USD 0.58 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.52 a year ago. Basic earnings per share was USD 0.44 compared to USD 0.08 a year ago. Diluted earnings per share was USD 0.43 compared to USD 0.08 a year ago.
For the six months, sales was USD 851.6 million compared to USD 727.5 million a year ago. Net income was USD 11.2 million compared to USD 7.1 million a year ago. Basic earnings per share from continuing operations was USD 1.2 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 1.18 compared to USD 0.83 a year ago. Basic earnings per share was USD 0.92 compared to USD 0.58 a year ago. Diluted earnings per share was USD 0.9 compared to USD 0.58 a year ago.