Park-Ohio Holdings (PKOH) Misses Q1 EPS by 96c, Revenue Beats

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Go back to Park-Ohio Holdings (PKOH) Misses Q1 EPS by 96c, Revenue Beats

ParkOhio Announces Fourth Quarter and Full Year 2021 Results

March 15, 2022 5:06 PM EDT

Q4 2021 up 3% to $370 million; GAAP EPS loss of $1.48; Adjusted EPS loss of $1.08 Full-year 2021 Sales up 11% to $1.4 billion; GAAP EPS loss of $2.07; Adjusted EPS loss of $1.20 Revenue increase driven by strong end-market demand in Supply Technologies, increased bookings in Engineered Products, and new product launches in Assembly Components Operating losses in Assembly Components primarily driven by commodity and wage inflation, labor shortages, and semiconductor chip shortages in our aluminum castings business 2022 Revenues expected to increase 15% with positive adjusted net income

CLEVELAND, OHIO--(BUSINESS WIRE)-- Park-Ohio Holdings Corp. (NASDAQ:... More