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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 428.1 $ 369.8 $ 851.6 $ 727.5
Cost of sales 358.0 316.1 714.3 624.9
Selling, general and administrative expenses 46.8 40.5 92.1 80.7
Restructuring and other special charges 4.1 2.3 6.6 5.6
Gains on sales of assets 0.0 (2.9) (0.8) (2.9)
Operating income 19.2 13.8 39.4 19.2
Other components of pension income and other postretirement benefits expense, net 0.6 2.8 1.3 5.6
Interest expense, net (11.1) (7.6) (21.8) (14.7)
Income from continuing operations before income taxes 8.7 9.0 18.9 10.1
Income tax (expense) benefit (2.1) (2.1) (4.7) 0.7
Income from continuing operations 6.6 6.9 14.2 10.8
Loss (income) attributable to noncontrolling interests 0.5 (0.5) 0.4 (0.7)
Income from continuing operations attributable to Park-Ohio Holdings Corp. common shareholders 7.1 6.4 14.6 10.1
(Loss) income from discontinued operations, net of tax (Note 5) (1.7) (5.4) (3.4) (3.0)
Net income attributable to Park-Ohio Holdings Corp. common shareholders $ 5.4 $ 1.0 $ 11.2 $ 7.1
Basic:        
Continuing operations (in dollars per share) $ 0.58 $ 0.53 $ 1.20 $ 0.83
Discontinued operations (in dollars per share) (0.14) (0.45) (0.28) (0.25)
Total (in dollars per share) 0.44 0.08 0.92 0.58
Diluted:        
Continuing operations (in dollars per share) 0.57 0.52 1.18 0.83
Discontinued operations (in dollars per share) (0.14) (0.44) (0.28) (0.25)
Total (in dollars per share) $ 0.43 $ 0.08 $ 0.90 $ 0.58