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Park-Ohio Holdings Corp. (PKOH) CEO Matthew Crawford on Q4 2020 Results - Earnings Call Transcript

Mar. 03, 2021 12:54 PM ETPark-Ohio Holdings Corp. (PKOH)
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Park-Ohio Holdings Corp. (NASDAQ:PKOH) Q4 2020 Earnings Conference Call March 3, 2021 10:00 AM ET

Company Participants

Matthew Crawford - Chairman, CEO and President

Pat Fogarty - Vice President and Chief Financial Officer

Conference Call Participants

Steve Barger - KeyBanc Capital Markets

Marco Rodriguez - Stonegate Capital Markets

Sarkis Sherbetchyan - B. Riley FBR


Good morning, and welcome to the Park-Ohio Fourth Quarter and Full Year 2020 Results Conference Call. At this time, all participants are in a listen-only mode. After the presentation, the company will conduct the question-and-answer session. Today's conference is also being recorded [Operator Instructions].

Before we get started, I want to remind everyone that certain statements made on today's call may be forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. A list of relevant risks and uncertainties may be found in the earnings press release as well as the company's 2019 10-K, which was filed on March 12, 2020, with the SEC. Additionally, the company may discuss adjusted EPS and EBITDA, as defined adjusted EPS and EBITDA as defined are not measures of performance under generally accepted accounting principles. For a reconciliation of EPS to adjusted EPS and for a reconciliation of net income attributable to Park-Ohio common shareholders to EBITDA as defined, please refer to the company's recent earnings release.

I would now like to turn the conference over to Mr. Matthew Crawford, Chairman, CEO and President. Please proceed, Mr. Crawford.

Matthew Crawford

Thank you, and good morning everyone. Welcome to our year end and fourth quarter 2020 call. As I look back on 2020, I can't help but highlight the importance of several parts of our culture here at Park-Ohio. Over several decades, we've

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