Park-Ohio Q2 record sales $428M (+16% YoY); adjusted EPS $0.83 (+69%); raises FY revenue guidance to 10-15% growth

PARK OHIO HOLDINGS CORP

2023-Q2 EPS reported $0.90 revenue$851,600,000

Record revenue $428.1M, up 16% YoY; gross margin expanded 190bps to 16.4%.
GAAP EPS $0.57, Adj EPS $0.83 (+69% YoY); EBITDA $35.7M (+37%).
Supply Technologies record sales $197.3M (+12%); Assembly Components record sales $112M (+17%) and swung to profit.
FY 2023 revenue growth guidance raised to 10-15% (from 5-10%); strong backlog $170M in capital equipment.
Aluminum products (discontinued) net loss $1.7M; assets held for sale ~$67M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PARK OHIO HOLDINGS CORP reported the second quarter of 2023 results: revenue $428.1 million, net income $7.1 million, EPS $0.57 per diluted share. Guidance reaffirmed.

Period: the second quarter of 2023
Revenue: $428.1 million
Net income: $7.1 million
EPS: $0.57 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- ParkOhio Announces Record Net Sales and Strong Second Quarter 2023 Results • Net sales of $428 million, increased 16% from $370 million in Q2 2022 • GAAP EPS from continuing operations of $0.57 per diluted share, an increase of 10% year-over-year • Adjusted EPS from continuing

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Source: SEC EDGAR

accession 0000076282-23-000077

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