earnings
confidence high
sentiment positive
materiality 0.75
Park-Ohio Q2 revenue up 22% to $428.6M; GAAP EPS $0.08; completes two accretive acquisitions
PARK OHIO HOLDINGS CORP
2022-Q2 EPS reported
$0.58
revenue$847,000,000
- Q2 revenue $428.6M (+22% YoY); GAAP EPS $0.08 vs $(0.44) loss; adjusted EPS $0.21.
- YTD revenue $847M (+19%); adjusted EPS $0.94 vs $0.20; EBITDA $51.6M (+30%).
- Assembly Components operating loss $7.5M ($4.2M restructuring); Engineered Products income $7.1M vs loss.
- Closed acquisitions of Southern Fasteners ($25M rev) and Charter ($15M rev), both accretive to margins and EPS.
- Full-year organic revenue growth ~15% expected; no further guidance due to macro headwinds.