Park-Ohio Holdings Q3 revenue down 5%, misses estimates

Park Ohio Holdings

05/11/2025 21:45

Overview

Park-Ohio Q3 revenue of $399 mln missed analyst expectations

Adjusted EPS for Q3 was $0.65, reflecting modest impact from refinancing interest expense

Company reports strong backlog of $185 mln, up 28% from year-end 2024

Outlook

Company expects full-year net sales of $1.600 bln to $1.620 bln

Park-Ohio anticipates adjusted EPS of $2.70 to $2.90 for FY2025

Company forecasts $10 mln to $20 mln free cash flow in FY2025

Result Drivers

DEMAND TRENDS - Co reports encouraging demand trends in electrical, semiconductor, heavy-duty truck, and defense markets

BACKLOG GROWTH - Backlog increased 28% from year-end 2024, driven by defense, infrastructure, and electrification demand

CASH FLOW IMPROVEMENT - Co notes meaningful improvement in free cash flow, with a $28 mln sequential increase

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Miss
$399 mln
$417.30 mln (2 Analysts)

Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nBw5lffr8a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)