Park-ohio ( (PKOH) ) has released its Q2 earnings. Here is a breakdown of the information Park-ohio presented to its investors.
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Park-Ohio Holdings Corp., headquartered in Cleveland, Ohio, is a diversified international company specializing in supply chain management outsourcing services, capital equipment, and manufactured components across various industries. The company operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.
In its second quarter of 2025, Park-Ohio reported a positive performance with a GAAP EPS of $0.67 per diluted share, marking a 10% increase from the previous quarter. The company also achieved an adjusted EPS of $0.75, a 14% rise, and expanded its gross margin to 17.0%. Notably, Park-Ohio recorded an all-time high in quarterly bookings for new capital equipment, totaling $85 million.
Key financial highlights include an EBITDA of $35.2 million, up from $33.9 million in the first quarter, and a significant increase in backlog for the Engineered Products segment, which rose to $172 million. The company successfully refinanced $350 million in senior notes and extended its revolving credit facility, enhancing its liquidity and financial flexibility.
Looking ahead, Park-Ohio maintains a positive outlook for the remainder of 2025, with projected net sales between $1.620 billion and $1.650 billion and adjusted EPS ranging from $2.90 to $3.20. The company expects to generate approximately $65 million in free cash flow in the second half of the year, reflecting its strategic focus on sales growth, margin improvement, and debt reduction.
Overall, Park-Ohio’s management remains optimistic about capitalizing on trends such as increased domestic investment and onshoring, positioning the company for continued growth and profitability.