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Mar 31, 2022
Park-Ohio Q1 2022 Earnings Report
Park-Ohio experienced revenue growth and improved profitability driven by strong customer demand and effective cost management.
Key Takeaways
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.
Revenues increased by 16% year-over-year, reaching $418.4 million.
GAAP EPS improved to $0.50, up from $0.45 in the first quarter of 2021.
Adjusted EPS increased to $0.73, compared to $0.53 in the first quarter of 2021.
The company expects continued revenue growth and profitability improvements throughout 2022.
Revenue by Segment
Forward Guidance
Park-Ohio anticipates record revenue levels in 2022, with approximately 15% year-over-year growth driven by robust customer demand across all segments. The company also expects significant profitability improvements for the full year and positive adjusted net income each quarter.
Positive Outlook
- Strong customer demand in each segment.
- Expected revenue growth of approximately 15% year-over-year.
- Significant improvement in profitability compared to 2021.
- Positive adjusted net income expected in each quarter of 2022.
- Highest-ever bookings level in capital equipment business.
Challenges Ahead
- Continuing macroeconomic headwinds.
- Demand volatility.
- Supply chain constraints.
- Challenges throughout the supply chain are expected to persist throughout the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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