NASDAQ$PKOH
Park-Ohio Holdings Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Park-Ohio reported record net sales and strong second quarter results, driven by strength across most end markets and benefits from restructuring and operational improvements.
Park-Ohio Holdings Corp. announced record net sales of $428 million for Q2 2023, a 16% increase compared to Q2 2022. The company's GAAP EPS from continuing operations increased by 10% year-over-year to $0.57 per diluted share, and adjusted EPS increased by 69% year-over-year to $0.83. The company has raised its revenue growth outlook for 2023.
- Net sales increased by 16% to $428 million compared to Q2 2022.
- GAAP EPS from continuing operations increased 10% year-over-year to $0.57 per diluted share.
- Adjusted EPS from continuing operations increased 69% year-over-year to $0.83 per diluted share.
- Gross margin improved by 190 basis points year-over-year to 16.4%.
Headline financials
Revenue & EPS history
Park-Ohio · Revenue · Quarterly
$428M
Revenue by segment
Park-Ohio · $428M total across 3 segments · Q2 2023
- Supply Technologies$197M+12.2%46.1%
- Engineered Products$119M+20.5%27.8%
- Assembly Components$112M-27.4%26.2%
Forward guidance
Park-Ohio expects revenues from continuing operations to increase 10-15% year-over-year, driven by higher customer demand and strong capital equipment backlogs. They also anticipate improvement in adjusted operating income, EBITDA, free cash flow, and adjusted EPS in 2023.
Tailwinds
- Higher customer demand
- Strong capital equipment backlogs
- Improvement in adjusted operating income
- Improvement in EBITDA
- Improvement in free cash flow and adjusted EPS
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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