NASDAQ$PKOH

Park-Ohio Holdings Corp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Park-Ohio's Q4 2019 performance was affected by a challenging industrial environment, including the GM labor strike and customer delays, while making progress on strategic objectives.

Park-Ohio Holdings Corp. reported Q4 2019 sales of $379.5 million, a decrease from $405.9 million in Q4 2018. GAAP EPS was $0.61, and Adjusted EPS was $0.65. The company highlighted the adverse impact of the GM labor strike and customer delays on the Assembly Components segment.

  • Q4 2019 sales reached $379.5 million.
  • GAAP EPS for Q4 2019 was $0.61, with an adjusted EPS of $0.65.
  • Operating cash flows amounted to $30.2 million for Q4 2019.
  • The GM labor strike and customer delays negatively impacted sales by approximately $20 million and EPS by approximately $0.35 in the fourth quarter.

Headline financials

Total Revenue

$380M

Previous: $406M-6.5%
EPS (adj)

$0.65

Previous: $1.20-45.8%
EBITDA, as defined

$29.3M

No prior period
Capital Expenditures

$8.5M

Previous: $9.2M-7.6%
Free Cash Flow

$23.6M

Previous: $23.8M-0.8%
Net Income

$7.6M

Previous: $14.8M-48.6%
Operating Income

$17.5M

Previous: $23.2M-24.6%
Gross Profit

$62.3M

Previous: $67.4M-7.6%
Cash & Equivalents

$56M

Previous: $55.7M+0.5%
Total Assets

$1.31B

Previous: $1.21B+8.4%
Stock-Based Comp

$1.3M

Previous: $1.8M-27.8%

Revenue & EPS history

Park-Ohio · Revenue · Quarterly

$380M

Q4 2019-6.5%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Park-Ohio · $380M total across 3 segments · Q4 2019

  • Supply Technologies
    $136M
  • Assembly Components
    $129M
  • Engineered Products
    $114M

Forward guidance

The Company has determined it is prudent to temporarily forgo providing 2020 EPS guidance due to the coronavirus outbreak and its uncertain impact on our global operations and customer supply chains.

Tailwinds

  • Important investments in our businesses, which continue to have positive impacts relating to new business development
  • Margin enhancements
  • Competitive strength

Headwinds

  • Adverse and volatile business conditions relating largely to the coronavirus outbreak
  • Visibility extremely difficult
  • Prioritizing actions to manage expenses
  • Improve operating margins
  • Increase cash flow during this uncertain period

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 Q4 2019

Historical avgQ4 2019

+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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