secwatch.observer — SEC 8-K summary
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Issuer:     PARK OHIO HOLDINGS CORP (PKOH)
CIK:        0000076282
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0000076282-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Park-Ohio reports FY23 record sales $1.7B, EPS $2.72; acquires EMA Indutec for ~$14M
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- FY23 net sales $1.68B (+11% YoY); GAAP EPS $2.72 vs $0.83; adjusted EPS $3.07 (+74%).
- Q4 net sales $389M (+2%); GAAP EPS $0.54 vs loss $0.58; UAW strike cut revenue ~$25M.
- FY23 EBITDA $134.2M (+33%); operating cash flow $53.4M; free cash flow $25.2M.
- Sale of Aluminum Products for ~$50M closed Dec 2023; loss on sale $23.6M.
- Acquired EMA Indutec for ~$14M cash; expects >$30M revenue in next 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76282/000007628224000011/0000076282-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76282/000007628224000011/pkoh-20240305.htm
  HTML page:      https://secwatch.observer/filing/0000076282-24-000011

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