Park-Ohio Q3 EPS $0.99, revenue $419M +9%; UAW strike to impact Q4

PARK OHIO HOLDINGS CORP

2023-Q3 EPS reported $1.80 revenue$1,270,400,000

Net sales from continuing ops $418.8M (+9% YoY); GAAP diluted EPS $0.99 (+71%); adjusted EPS $0.99 (+16%)
Gross margin 16.7% (up 300 bps); operating income $27M vs $12M in Q3 2022
Assembly Components segment op income $11.2M vs $2.6M; operating margin up 770 bps
Engineered Products sales $117.6M (+21%); capital equipment backlog $172M (+6% vs Dec '22)
UAW strike to reduce Q4 monthly revenue by $25-30M; full-year revenue growth outlook of 10-15% maintained

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 1.0

PARK OHIO HOLDINGS CORP reported third quarter of 2023 results: revenue $418.8 million, net income $12.5 million, or $0.99 per diluted share, EPS $0.99 per diluted share.

Period: third quarter of 2023
Revenue: $418.8 million
Net income: $12.5 million, or $0.99 per diluted share
EPS: $0.99 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 Strong Third Quarter 2023 Results • Net sales of $419 million, increased 9% from $384 million in Q3 2022 ◦ Record year-to-date sales; expected record full year sales • GAAP EPS from continuing operations of $0.99 per diluted share, an

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Source: SEC EDGAR

accession 0000076282-23-000100

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