XML 12 R3.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 418.8 $ 383.8 $ 1,270.4 $ 1,111.3
Cost of sales 348.8 331.4 1,063.1 956.3
Selling, general and administrative expenses 43.0 36.5 135.1 117.2
Restructuring and other special charges 0.0 4.3 6.6 9.9
Gains on sales of assets 0.0 0.0 (0.8) (2.9)
Operating income 27.0 11.6 66.4 30.8
Other components of pension income and other postretirement benefits expense, net 0.6 2.7 1.9 8.3
Interest expense, net (11.6) (9.0) (33.4) (23.7)
Income from continuing operations before income taxes 16.0 5.3 34.9 15.4
Income tax (expense) benefit (3.8) 2.2 (8.5) 2.9
Income from continuing operations 12.2 7.5 26.4 18.3
Loss (income) attributable to noncontrolling interests 0.3 (0.4) 0.7 (1.1)
Income from continuing operations attributable to Park-Ohio Holdings Corp. common shareholders 12.5 7.1 27.1 17.2
Loss from discontinued operations, net of tax (Note 5) (1.4) (4.4) (4.8) (7.4)
Net income attributable to Park-Ohio Holdings Corp. common shareholders $ 11.1 $ 2.7 $ 22.3 $ 9.8
Basic:        
Continuing operations (in dollars per share) $ 1.01 $ 0.58 $ 2.22 $ 1.42
Discontinued operations (in dollars per share) (0.11) (0.36) (0.39) (0.61)
Total (in dollars per share) 0.90 0.22 1.83 0.81
Diluted:        
Continuing operations (in dollars per share) 0.99 0.58 2.19 1.41
Discontinued operations (in dollars per share) (0.11) (0.36) (0.39) (0.61)
Total (in dollars per share) $ 0.88 $ 0.22 $ 1.80 $ 0.80