Park-Ohio Q4 2020 Earnings Report
Key Takeaways
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.
Q4 2020 Sales reached $360 million, showing a sequential growth of 6%.
Q4 GAAP EPS was $0.46, with an adjusted EPS of $0.53.
The company generated a free cash flow of $25 million in Q4.
Liquidity increased to $252 million.
Park-Ohio
Park-Ohio
Park-Ohio Revenue by Segment
Forward Guidance
Park-Ohio is targeting organic sales growth of 8% to 12% for 2021, with EBITDA margins expected to improve by 150-200 basis points over 2020. Capital expenditures are projected to be in the range of $28 million to $32 million, and free cash flow conversion is targeted to be greater than 75% of net income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income