Reuters
2022.08.03 05:35

ParkOhio Announces Q2 2022 Results And Completes Two Acquisitions

Aug 2 (Reuters) - Park Ohio Holdings Corp:

Aug 2 (Reuters) - Park Ohio Holdings Corp (PKOH.O) :

  • PARKOHIO ANNOUNCES SECOND QUARTER 2022 RESULTS AND COMPLETES TWO ACQUISITIONS

  • Q2 GAAP EARNINGS PER SHARE $0.08

  • Q2 REVENUE ROSE 22 PERCENT TO $429 MILLION

  • Q2 ADJUSTED EARNINGS PER SHARE $0.21

  • FOR FULL YEAR 2022, CONTINUE TO EXPECT REVENUE GROWTH OF ABOUT 15% YEAR-OVER-YEAR

  • CONTINUE TO EXPECT SIGNIFICANT IMPROVEMENT IN PROFITABILITY FOR FULL YEAR 2022 COMPARED TO 2021

  • EXPECT IMPROVED ADJUSTED NET INCOME IN THIRD AND FOURTH QUARTERS COMPARED TO Q2 OF 2022

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