Park-Ohio Q4 2019 Earnings Report
Key Takeaways
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.
Q4 2019 sales reached $379.5 million.
GAAP EPS for Q4 2019 was $0.61, with an adjusted EPS of $0.65.
Operating cash flows amounted to $30.2 million for Q4 2019.
The GM labor strike and customer delays negatively impacted sales by approximately $20 million and EPS by approximately $0.35 in the fourth quarter.
Park-Ohio
Park-Ohio
Park-Ohio Revenue by Segment
Forward Guidance
The Company has determined it is prudent to temporarily forgo providing 2020 EPS guidance due to the coronavirus outbreak and its uncertain impact on our global operations and customer supply chains.
Positive Outlook
- Important investments in our businesses, which continue to have positive impacts relating to new business development
- Margin enhancements
- Competitive strength
Challenges Ahead
- Adverse and volatile business conditions relating largely to the coronavirus outbreak
- Visibility extremely difficult
- Prioritizing actions to manage expenses
- Improve operating margins
- Increase cash flow during this uncertain period
Revenue & Expenses
Visualization of income flow from segment revenue to net income