Park-Ohio Q3 revenue $436M (+22% YoY); GAAP EPS $0.22 vs -$0.60; adj. EPS $0.52 vs -$0.32

PARK OHIO HOLDINGS CORP

2022-Q3 EPS reported $0.80 revenue$1,282,800,000

GAAP net income $2.7M vs loss $7.2M; adjusted EPS $0.52, benefiting from $0.19 tax credits and $0.03 FX headwind.
Supply Technologies record quarterly sales $185.9M (+21% YoY); segment operating income $10.7M flat.
Assembly Components sales $153M (+27%); operating loss improved to $2.0M from $8.9M; micro-chip shortage eased.
Engineered Products sales $96.9M (+15%); operating income $5.8M vs $0.6M; capital equipment backlog $166M (+37%).
Acquired Southern Fasteners and Charter Automotive for $22M in Q3; full-year revenue growth ~18% expected.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PARK OHIO HOLDINGS CORP reported quarter ended September 30, 2022 results: revenue $435.8 million, net income $2.7 million, or $0.22 per diluted share, EPS $0.22 per diluted share.

Period: quarter ended September 30, 2022
Revenue: $435.8 million
Net income: $2.7 million, or $0.22 per diluted share
EPS: $0.22 per diluted share
Result: reported results

Exact text from the filing

except as shall be expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- ParkOhio Announces Third Quarter 2022 Results • Q3 2022 Revenues of $436 million, up 22% from Q3 2021 driven by strong demand in each business segment • Q3 2022 GAAP EPS of $0.22 compared to a loss of $(0.60) in Q3 2021; Adjusted EPS of $0.52, up from a loss

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Source: SEC EDGAR

accession 0000076282-22-000086

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