secwatch.observer — SEC 8-K summary
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Issuer:     PARK OHIO HOLDINGS CORP (PKOH)
CIK:        0000076282
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0000076282-21-000092
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ParkOhio Q2 GAAP EPS loss $0.44; revenue $350M; guidance cut on chip shortage
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- Net loss $5.3M ($0.44/diluted) vs loss $16.6M ($1.38) year ago; adjusted EPS loss $0.33 vs $1.17.
- Revenue $350M, up 53% from $228M in Q2 2020; semiconductor shortage impacted sales ~$24M.
- Assembly Components segment operating loss $6.1M; plant closure charges $0.8M incurred.
- Full-year EBITDA margin outlook lowered to 100-150 bps improvement (previously 150-200 bps).
- Working capital increased $37.7M due to inventory build; free cash flow now expected to use up to $15M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76282/000007628221000092/0000076282-21-000092-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76282/000007628221000092/pkoh-20210803.htm
  HTML page:      https://secwatch.observer/filing/0000076282-21-000092

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