secwatch.observer — SEC 8-K summary
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Issuer:     PARK OHIO HOLDINGS CORP (PKOH)
CIK:        0000076282
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000076282-23-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76282/000007628223000100/0000076282-23-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76282/000007628223000100/pkoh-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000076282-23-000100

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