NASDAQ$PKOH

Park-Ohio Holdings Corp · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Park-Ohio's first quarter results were announced, revealing a decrease in revenue and earnings per share due to the COVID-19 pandemic.

Park-Ohio reported a decrease in net sales to $366.3 million compared to $420.1 million in the same quarter last year. GAAP EPS was $0.10, and adjusted EPS was $0.13. The company's performance was significantly impacted by the COVID-19 pandemic, which weakened demand in several end markets and led to temporary idling of operations. The company is focusing on cost reduction and liquidity management.

  • Q1 2020 revenues reached $366 million.
  • Q1 2020 GAAP EPS was $0.10; adjusted EPS was $0.13.
  • Liquidity position as of March 31, 2020, totaled $237 million.
  • Quarterly dividend was suspended to enhance liquidity.

Headline financials

Total Revenue

$366M

Previous: $420M-12.8%
EPS (adj)

$0.13

Previous: $1.01-87.1%
EBITDA, as defined

$25.5M

Previous: $35M-27.1%
Capital Expenditures

-$4.9M

Previous: -$10.6M+53.8%
Free Cash Flow

-$3.7M

Previous: $600K-716.7%
Net Income

$1.2M

Previous: $11.2M-89.3%
Operating Income

$13M

Previous: $22.5M-42.2%
Gross Profit

$53.9M

Previous: $65.3M-17.5%
Cash & Equivalents

$56.8M

Previous: $47.5M+19.6%
Total Assets

$1.29B

Previous: $1.31B-1.3%
Stock-Based Comp

$1.4M

Previous: $1.9M-26.3%

Revenue & EPS history

Park-Ohio · Revenue · Quarterly

$366M

Q1 2020-12.8%vs Q1 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Park-Ohio · $366M total across 3 segments · Q1 2020

  • Supply Technologies
    $141M-14.8%
  • Assembly Components
    $128M-7.3%
  • Engineered Products
    $97.3M-16.5%

Forward guidance

The company expects a significant reduction in demand during the second quarter of 2020 and for the full year 2020, but the extent cannot be reasonably estimated. They expect continued softness in their end markets throughout the second quarter as these markets begin to recover.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.5%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+4.2%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+29.5%

Q1 2022

Best reaction

-37.2%

Q1 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.4%-2.3%+5.7%
Q4 2025+4.4%-4.7%-10.1%
Q3 2025-9.3%-7.0%+3.0%
Q1 2025-8.9%-5.4%-16.4%
Q4 2024+3.6%-2.3%-14.9%
Q3 2024+10.3%+15.4%+7.9%
Q2 2024+0.9%+1.1%+0.4%
Q1 2024+6.0%+8.2%+6.0%
Q4 2023-9.2%-10.6%-2.0%
Q3 2023+22.8%+12.2%+6.3%
Q2 2023-1.0%-7.1%-2.5%
Q1 2023+15.0%+19.8%+31.8%
Q4 2022+1.8%-3.9%+1.5%
Q3 2022+5.0%+13.3%+0.7%
Q2 2022+1.4%+7.9%-9.6%
Q1 2022+29.5%+47.8%+101.5%
Q4 2021+4.6%+6.4%-14.3%
Q3 2021+0.0%+1.8%-15.3%
Q2 2021-10.9%-15.8%-8.0%
Q1 2021-0.7%+1.0%-1.6%
Q4 2020+8.2%+9.9%-6.4%
Q3 2020+5.1%+11.2%+44.4%
Q2 2020+4.1%+9.3%+3.0%
Q1 2020-10.4%-14.1%+10.6%
Q4 2019-32.7%-23.0%+7.6%
Q3 2019+4.7%+3.0%-2.6%
Q2 2019-7.3%-7.6%-9.7%
Q1 2019-4.1%-7.3%-15.8%
Q4 2018+5.9%+3.8%+8.0%
Q3 2018+10.9%+7.6%+4.5%
Q2 2018+9.4%+6.4%+7.9%
Q1 2018+3.6%+12.5%+11.7%
Q4 2017+9.8%+9.6%-3.2%
Q3 2017-8.4%-9.3%-6.6%
Q2 2017-0.8%-0.8%+0.5%
Q1 2017-4.3%-7.7%-4.6%
Q4 2016-12.0%-15.0%-14.6%
Q3 2016+14.7%+24.4%+39.0%
Q2 2016+14.0%+13.1%+18.1%
Q1 2016-37.2%
Q4 2015+9.0%
Q3 2015+9.6%
Q2 2015-1.6%
Q1 2015+6.5%
Q4 2014-15.4%
Q3 2014+2.4%
Q2 2014-3.3%
Q1 2014-5.2%
Q4 2013+4.4%
Q3 2013-2.6%
Q2 2013-3.9%
Q1 2013+0.2%
Q4 2009+5.2%
Q4 2012+15.9%
Q3 2012+0.2%
Q2 2012-2.0%
Q1 2011-0.4%
Q1 2012+7.7%
Q4 2011-0.6%
Q3 2011-4.1%
Q3 2010-4.1%
Q4 2010-11.1%
Q2 2011-11.1%
Q2 2010-11.1%
Q1 2010+7.7%

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