2023-08-02 17:47:40 ET
- Park-Ohio press release ( NASDAQ: PKOH ): Q2 Non-GAAP EPS of $0.83 beats by $0.03 .
- Revenue of $428M (+15.7% Y/Y) beats by $13.35M .
- Adjusted operating income from continuing operations improved 77% to $23 million from $13 million year-over-year.
- EBITDA, as defined, from continuing operations improved 37% year-over-year to $35.7 million.
- 2023 Outlook for Net Sales from continuing operations growth increased to 10-15% year-over-year vs. estimated growth of 10.51% Y/Y.
- We also continue to expect improvement in adjusted operating income; EBITDA, as defined; free cash flow and adjusted EPS in 2023 as a result of higher sales levels and improved operating margins in each segment.
For further details see:
Park-Ohio beats Q2 top and bottom line estimates; raises FY23 revenue growth outlook