ParkOhio Q1 revenue $418M (+16% YoY); GAAP EPS $0.50, adjusted EPS $0.73

PARK OHIO HOLDINGS CORP

2022-Q1 EPS reported $0.50 revenue$418,400,000

Supply Technologies net sales all-time high of $168.8M, up 10% sequentially.
Assembly Components net sales all-time high of $158.6M, up >25% sequentially and YoY.
Engineered Products bookings record >$70M; segment operating income $1.8M vs loss a year ago.
Full-year 2022 outlook: record revenues with ~15% growth; significant profit improvement expected.
EBITDA $27.6M vs $27.2M in Q1 2021; operating cash flow use of $10.1M due to AR buildup.

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