Park-Ohio Profit Misses Estimates; Reaffirms FY Guidance

(RTTNews) - Park-Ohio Holdings Corp (PKOH) on Friday reported second-quarter net earnings of $12.4 million or $1.00 per share, unchanged from a year ago.

Excluding items, adjusted earnings for the quarter were $1.04 per share compared with $1.02 per share a year ago.

Analysts polled by Thomson Reuters estimated earnings of $1.08 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were up at $377.3 million compared with $343.3 million in the prior year.

For the full year 2015, the company still expects adjusted earnings of $4.32 to $4.72 per share, while analysts expect $4.39 per share.

ParkOhio, based in Cleveland, Ohio, is a provider of supply management services and a maker of highly-engineered products.