NASDAQ$PKOH

Park-Ohio Holdings Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Park-Ohio experienced record growth and strategic realignment.

Park-Ohio Holdings Corp. reported a 17% increase in net sales from continuing operations for both the fourth quarter and the full year 2022. The company is strategically exiting its Aluminum Products business to prioritize other investment opportunities.

  • Net sales from continuing operations increased by 17% YOY to $382 million.
  • GAAP EPS loss from continuing operations was $0.58 per diluted share; adjusted EPS loss was $0.09 per diluted share.
  • Full year net sales from continuing operations reached a record $1.5 billion, up 17% YOY.
  • Company entered into a Memorandum of Understanding to sell its Aluminum Products business.

Headline financials

Total Revenue

$382M

Previous: $370M+3.2%
EPS (adj)

-$0.09

Previous: -$1.08+91.7%
Capital Expenditures

$3.2M

Previous: $6.2M-48.4%
Net Income

-$7M

Previous: -$18.5M+62.2%
Operating Income

$2.6M

Previous: -$16M+116.3%
Gross Profit

$55.5M

Previous: $24.1M+130.3%
Cash & Equivalents

$58.2M

Previous: $54.1M+7.6%
Total Assets

$1.44B

Previous: $1.36B+5.6%
Stock-Based Comp

$1.8M

Previous: $1.8M+0.0%

Revenue & EPS history

Park-Ohio · Revenue · Quarterly

$382M

Q4 2022+3.2%vs Q4 2021
Beat estimate in 5 of 14 quarters(36%)
ActualEstimate

Revenue by segment

Park-Ohio · $382M total across 3 segments · Q4 2022

  • Supply Technologies
    $181M+18.5%
  • Engineered Products
    $106M+17.4%
  • Assembly Components
    $94.6M-25.4%

Forward guidance

For 2023, Park-Ohio expects revenues from continuing operations to increase 5-10% year-over-year. The company also anticipates improvement in adjusted operating income, EBITDA, free cash flow, and adjusted EPS.

Tailwinds

  • Increased 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 Q4 2022

Historical avgQ4 2022

+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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