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Park Ohio Industries Inc  (PKOH)
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Earnings propelled by $3.00 millions tax benefit

A $3.00 millions in income tax benefit, supported Park Ohio Industries Inc to present $0.00 eps in the financial interval ending third quarter of 2022

Published 2022-11-10T16:37:10+00:00
Goran Soko / CSIMarket.com Contributer

Interior_pd Surge in Revenue could not lift Park Ohio Industries Incs' earnings, in the Sep 30 2022 report reached break-even at $0.00 per share, Revenues jumped by 21.562 % to $435.80 millions from the corresponding financial reporting period a year before.

From the from $0.00 per share and Revenues surged by 1.68 % from $428.60 millions.

The company's resumes to be fixated on consumption to support research possibilities, while reacting with marketing to offset the effect of expense uncertainty driven by the workforce shortage.
Park Ohio Industries Inc saw net income of $3.200 millions in the third quarter of 2022 an improvement versus a net deficit of $-7.200 millions in the corresponding financial reporting period a year ago.

A major ingredient for such positive behavior. As above cited, it was the $3.00 millions tax benefit, the Park Ohio Industries Inc has acquired. Park Ohio Industries Inc also emphasized it's improving profit margins, where net margin rose to 0.73% in third quarter of 2022, and operating margin edged up to 1.63%.


Park Ohio Industries Inc is expected to report next financial earnings on March 15, 2023.


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Other PKOH's Earnings Reports

Park Ohio Industries Inc reported second quarter 2022 earnings

Park Ohio Industries Inc reported first quarter 2022 earnings

Park Ohio Industries Inc reported fourth quarter 2021 earnings

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