Park-Ohio Earnings Reports

Park-Ohio reported Q4 2024 revenue of $388.4 million, nearly flat compared to the prior year. Adjusted EPS increased 24% to $0.67, while GAAP EPS declined to $0.41. Income from continuing operations was $5.6 million. The company generated strong free cash flow of $29 million and improved its EBITDA by 27% to $37 million.

Park-Ohio Holdings Corp. announced its Q3 2024 results with net sales of $417.6 million, a gross margin of 17.3%, and adjusted EPS of $1.07. The company saw improved profitability driven by the Supply Technologies segment and higher sales in the Engineered Products segment. They anticipate modest growth in Q4 and into 2025, along with continued debt reduction.

Park-Ohio announced record net sales of $433 million and improved profitability for the second quarter of 2024. The company's GAAP EPS from continuing operations improved 67% to $0.95 per diluted share, and adjusted EPS from continuing operations increased 23% to $1.02 per diluted share.

Park-Ohio Holdings Corp. reported first quarter 2024 results with net sales of $417.6 million, a slight decrease from $423.5 million in Q1 2023. GAAP EPS improved 36% to $0.83, and adjusted EPS increased 18% to $0.85. The company's EBITDA increased by 19% to $37.8 million, driven by record operating profit in the Supply Technologies segment and ongoing profit-improvement actions.

Park-Ohio reported a 2% increase in net sales to $389.3 million for Q4 2023. GAAP EPS increased to $0.54 compared to a loss of $(0.58) in the same quarter last year. The UAW strike negatively impacted sales and EPS by approximately $25 million and $0.20 per diluted share, respectively. The company completed the sale of its Aluminum Products business during the quarter.

Park-Ohio announced a 9% increase in net sales, reaching $419 million, and a 71% increase in GAAP EPS to $0.99. The company's gross margin improved by 300 basis points to 16.7%, and operating income increased to $27 million. Strong demand across most end markets, excluding those affected by UAW strikes, contributed to the positive results.

Park-Ohio Holdings Corp. announced record net sales of $428 million for Q2 2023, a 16% increase compared to Q2 2022. The company's GAAP EPS from continuing operations increased by 10% year-over-year to $0.57 per diluted share, and adjusted EPS increased by 69% year-over-year to $0.83. The company has raised its revenue growth outlook for 2023.

Park-Ohio announced strong first quarter 2023 results with net sales of $423.5 million, up 18% from Q1 2022. GAAP EPS from continuing operations was $0.61 per diluted share, up 103% and adjusted EPS from continuing operations of $0.72 per diluted share, up 41% compared to Q1 2022.

Park-Ohio Holdings Corp. reported a 17% increase in net sales from continuing operations for both the fourth quarter and the full year 2022. The company is strategically exiting its Aluminum Products business to prioritize other investment opportunities.

Park-Ohio announced strong Q3 2022 results, with revenues up 22% to $436 million. GAAP EPS was $0.22, a significant improvement from a loss of $(0.60) in Q3 2021, and adjusted EPS was $0.52, up from a loss of $(0.32). The company benefited from strong demand in each business segment and expects these trends to continue into 2023.

Park-Ohio Holdings Corp. announced strong second-quarter results with a 22% increase in revenue to $428.6 million and a GAAP EPS of $0.08, compared to a loss of $(0.44) in Q2 2021. The company's performance was driven by strong results in Supply Technologies and Engineered Products, while Assembly Components results were impacted by restructuring and increased raw material costs. Two acquisitions in the Supply Technologies segment were completed.

Park-Ohio Holdings Corp. reported strong first quarter 2022 results with a 16% increase in revenues to $418.4 million compared to Q1 2021. GAAP EPS increased to $0.50 from $0.45 in Q1 2021, and adjusted EPS rose to $0.73 from $0.53 in the same period. The company benefited from strong customer demand, improved product pricing, and cost reduction efforts.

Park-Ohio Holdings Corp. reported a 3% increase in net sales for Q4 2021, reaching $369.9 million. However, the company experienced a net loss attributable to ParkOhio common shareholders of $17.8 million, or $1.48 per diluted share, and an adjusted EPS loss of $1.08 per diluted share. The results were impacted by supply chain issues, inflation, and labor challenges, particularly within the Assembly Components segment.

Park-Ohio's Q3 2021 results showed a revenue increase of 5% to $358.5 million, but a GAAP EPS loss of $(0.60) and an adjusted EPS loss of $(0.32). The Assembly Components segment was significantly impacted by automotive production volatility and rising costs. The company is taking actions to improve performance.

Park-Ohio reported a revenue increase of $350 million, but experienced a net loss due to the global semiconductor chip shortage and increased raw material, labor, and supply chain costs. The company's outlook for EBITDA margin and free cash flow was revised downwards.

Park-Ohio Holdings Corp. announced its first quarter 2021 results, with revenue of $359.6 million. GAAP EPS was $0.45, and adjusted EPS was $0.53. The company generated $9.9 million in operating cash flows and $3.3 million in free cash flow. They also completed the acquisition of NYK Component Solutions.

Park-Ohio Holdings Corp. announced its Q4 and full year 2020 results, with Q4 sales reaching $360 million and GAAP EPS at $0.46. The company focused on realigning its business, lowering costs, and refining capital allocation. Despite pandemic challenges, Park-Ohio anticipates improved sales and earnings quality as end markets recover.

Park-Ohio Holdings Corp. announced third quarter 2020 results with sequential revenue growth of 49%. GAAP EPS was $0.44 and adjusted EPS was $0.52. The company generated $23 million in operating cash flow and $18 million in free cash flow, with liquidity increasing to $243 million. A quarterly cash dividend of $0.125 per share was declared.

Park-Ohio Holdings Corp. reported net sales of $228.3 million in Q2 2020, a decrease from $415.3 million in Q2 2019. The net loss attributable to ParkOhio common shareholders was $(16.6) million, or $(1.38) per diluted share, compared to net income of $7.6 million, or $0.61 per diluted share, in the same quarter of the previous year. On an adjusted basis, the net loss was $(1.17) per diluted share, compared to net income of $1.07 per diluted share in Q2 2019. The company's performance was significantly impacted by the COVID-19 pandemic, but actions were taken to reduce costs and manage capital, with improvements seen in June.

Park-Ohio reported a decrease in net sales to $366.3 million compared to $420.1 million in the same quarter last year. GAAP EPS was $0.10, and adjusted EPS was $0.13. The company's performance was significantly impacted by the COVID-19 pandemic, which weakened demand in several end markets and led to temporary idling of operations. The company is focusing on cost reduction and liquidity management.

Park-Ohio Holdings Corp. reported Q4 2019 sales of $379.5 million, a decrease from $405.9 million in Q4 2018. GAAP EPS was $0.61, and Adjusted EPS was $0.65. The company highlighted the adverse impact of the GM labor strike and customer delays on the Assembly Components segment.