earnings
confidence high
sentiment negative
materiality 0.75
Park-Ohio Q3 net loss $7.2M ($0.60 GAAP loss) on $358.5M revenue; chip shortage and inflation weigh
PARK OHIO HOLDINGS CORP
2022-Q3 EPS reported
-$0.58
revenue$1,068,100,000
- Net loss of $7.2M ($0.60 diluted loss); adjusted EPS loss of $0.32, vs. prior-year net income of $5.3M ($0.44 EPS).
- Revenue of $358.5M, up 5.4% YoY; Supply Technologies +17%, Assembly Components -5.3%.
- Assembly Components operating loss $8.9M from chip shortage ($13.1M sales impact, $4.8M operating impact) and $5M raw material inflation.
- Updated FY2021 outlook: organic sales growth 10-12%, EBITDA margin ~5%, free cash flow usage $25-30M, capex $28-32M.
- Engineered Products new capital equipment bookings >$60M in Q3, up 180% YoY.