NASDAQ$PKOH

Park-Ohio Holdings Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Park-Ohio experienced sequential revenue growth and improved profitability, driven by strong customer demand and cost-reduction actions.

Park-Ohio Holdings Corp. announced third quarter 2020 results with sequential revenue growth of 49%. GAAP EPS was $0.44 and adjusted EPS was $0.52. The company generated $23 million in operating cash flow and $18 million in free cash flow, with liquidity increasing to $243 million. A quarterly cash dividend of $0.125 per share was declared.

  • Sequential Revenue Growth of 49%
  • GAAP EPS of $0.44; Adjusted EPS of $0.52
  • Operating Cash Flow of $23 million; Free Cash Flow of $18 million
  • Liquidity increased to $243 million

Headline financials

Total Revenue

$340M

Previous: $403M-15.7%
EPS (adj)

$0.52

Previous: $1.01-48.5%
EBITDA, as defined

$25.7M

No prior period
Capital Expenditures

-$14.9M

Previous: -$31.6M+52.8%
Free Cash Flow

-$9.6M

Previous: -$19.4M+50.5%
Net Income

$5.3M

Previous: $12.2M-56.6%
Operating Income

$11M

Previous: $23.8M-53.8%
Gross Profit

$49.7M

Previous: $66.5M-25.3%
Cash & Equivalents

$50.9M

Previous: $49.8M+2.2%
Total Assets

$1.27B

Previous: $1.32B-3.8%
Stock-Based Comp

$1.7M

Previous: $1.1M+54.5%

Revenue & EPS history

Park-Ohio · Revenue · Quarterly

$340M

Q3 2020-15.7%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Park-Ohio · $340M total across 3 segments · Q3 2020

  • Supply Technologies
    $132M-11.2%
  • Assembly Components
    $127M-6.6%
  • Engineered Products
    $81.3M-31.6%

Forward guidance

The Company expects continued economic recovery in most end markets in the fourth quarter of 2020 and into 2021.

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 Q3 2020

Historical avgQ3 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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