Brief: Parkohio Announces Third Quarter 2019 Results

Park Ohio Holdings

04/11/2019 22:48

Nov 4 (Reuters) - Park Ohio Holdings Corp  PKOH.O :
    * PARKOHIO ANNOUNCES THIRD QUARTER 2019 RESULTS
    * Q3 ADJUSTED EARNINGS PER SHARE $1.01
    * Q3 EARNINGS PER SHARE $0.99
    * Q3 SALES $403.4 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$427.7
MILLION
    * Q3 EARNINGS PER SHARE ESTIMATE $1.13 -- REFINITIV IBES
DATA
    * SEES FY 2019 ADJUSTED EARNINGS PER SHARE $4.00 TO $4.20
    * SEES FY 2019 GAAP EARNINGS PER SHARE $3.42 TO $3.62
    * 2019 EPS,ADJUSTED EPS GUIDANCE UPDATED RESULTING PRIMARILY
FROM
IMPACT OF UAW LABOR STRIKE AT GM
    * PARK OHIO HOLDINGS - NET SALES IN QUARTER DECREASED Y-O-Y
PRINCIPALLY AS A RESULT OF IMPACT OF UNITED AUTO WORKERS ("UAW")
LABOR STRIKE AT GENERAL MOTORS
    * FY2019 EARNINGS PER SHARE VIEW $4.38 -- REFINITIV IBES
DATA

Source text for Eikon:  ID:nBw73VMXLa 
Further company coverage:  PKOH.O 

 ((Reuters.Briefs@thomsonreuters.com;))