Park-Ohio Holdings Corporation (NASDAQ:PKOH) Q4 2024 Earnings Conference Call March 6, 2025 10:00 AM ET
Company Participants
Matthew Crawford - Chairman, CEO & President
Patrick Fogarty - VP & CFO
Conference Call Participants
Dave Storms - Stonegate
Brian Sponheimer - Gabelli Funds
Jamie Wilen - Wilen Management
Christian Zyla - KeyBanc Capital Markets
Operator
Greetings, and welcome to the Park-Ohio Holdings Corp. Fourth Quarter and Full Year 2024 Results Conference Call and webcast. [Operator Instructions] As a reminder, this conference is being recorded. It's now my pleasure to turn the call over to your CFO and Vice President, Pat Fogarty. Please go ahead.
Matthew Crawford
Kevin, actually, it's Matt Crawford who is going to start. Thank you for the introduction, and thank all of you for joining us on our fourth quarter and year-end 2024 conference call. We're proud of our 2024 results and the momentum we gained in 3 areas of strategic value.
First, improved and record levels of gross margin. Second, while short of our internal goals, solid cash flow performance; and finally, improving leverage metrics and liquidity. We achieved these goals through strong execution by our management team, but also through the ongoing reshaping of our business portfolio.
Over the last several years, we have worked to exit businesses, which we do not find meet our long-term goals and focus more attention and capital on our best brands, customers, products and services. We have completed this effort while still maintaining record or near record, record revenue across the company.
Our vision here is to build a diverse set of complementary industrial businesses, which have important and lasting competitive moats and demonstrate above-average growth characteristics. The businesses we are focused on demonstrate varying strengths, including strong global brand recognition, excellent economies of scale and data management, intellectually protected products and a good balance
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