secwatch.observer — SEC 8-K summary
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Issuer:     PARK OHIO HOLDINGS CORP (PKOH)
CIK:        0000076282
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000076282-23-000077
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76282/000007628223000077/0000076282-23-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76282/000007628223000077/pkoh-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000076282-23-000077

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer