ParkOhio reports Q4 2021 GAAP EPS loss $1.48, full-year loss $2.07; revenue up 11% to $1.4B

PARK OHIO HOLDINGS CORP

Q4 net sales $369.9M (+3% YoY); net loss $17.8M ($1.48 diluted EPS loss).
Full-year net sales $1.4B (+11% YoY); net loss $24.8M ($2.07 diluted EPS loss).
Adjusted EPS loss Q4 $1.08 and full-year $1.20, driven by operating losses at General Aluminum.
Assembly Components Q4 operating loss $17.8M on chip shortage, inflation, labor issues.
2022 outlook: revenues expected up 15%; positive adjusted net income expected.

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