Park-Ohio Holdings Corp. is a global, diversified industrial company that delivers specialized supply chain management solutions, sophisticated capital equipment, and precision-manufactured components. ...
Park-Ohio Holdings Corp. (NASDAQ: PKOH) is a global industrial company headquartered in Cleveland, Ohio, founded in 1907. The company operates through three primary segments: Supply Technologies, Assembly Components, and Engineered Products. Supply Technologies offers comprehensive supply chain management services including engineering consultation, part usage analysis, supplier vetting, quality assurance, packaging, ...Park-Ohio Holdings Corp. (NASDAQ: PKOH) is a global industrial company headquartered in Cleveland, Ohio, founded in 1907. The company operates through three primary segments: Supply Technologies, Assembly Components, and Engineered Products. Supply Technologies offers comprehensive supply chain management services including engineering consultation, part usage analysis, supplier vetting, quality assurance, packaging, just-in-time delivery, and electronic invoicing, as well as supplying spare parts and producing high-precision fasteners. Assembly Components manufactures aluminum components, fuel injection rails, fuel filler pipes, and multi-layer plastic and rubber assemblies for automotive and other industries, along with providing machining and design services. Engineered Products designs and manufactures specialized industrial equipment such as induction heating systems, pipe threading machinery, and forged products for metals, automotive, and aerospace sectors, including structural components and rail products. With approximately 6,300 employees and 130 facilities worldwide, the company serves customers across the U.S., Europe, Asia, Mexico, and Canada. Financially, Park-Ohio has a market cap of around $756 million, a price-to-earnings ratio of ~26.7, and a price-to-book of ~1.87. The company generates revenue per share of $119, with a gross profit margin of 17.3% and a net profit margin of 1.6%. It maintains a debt-to-equity ratio of 1.8 and pays a dividend yield of approximately 1%. Under the leadership of Chairman and CEO Matthew V. Crawford, the company emphasizes a culture that drives operational excellence and customer-centric innovation, aiming to deliver specialized solutions to leading manufacturers globally.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.6B
-3.4%
+4.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$24.8M
-22.0%
+47.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+17.0%
-0.2%
+3.8%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+5.1%
-2.4%
+11.6%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+1.6%
-19.2%
+41.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$1.0M
+162.5%
+91.2%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+0.1%
+164.7%
+91.6%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
175.1%
-13.2%
-1.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.33x
+0.4%
-0.3%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good morning, and welcome to the Park-Ohio First Quarter 2026 Results Conference Call. [Operator Instructions] Today's conference is also being recorded. If you have any objections, you may disconnect at this time. Before we get started, I want to remind everyone that certain statements made on today's call may be forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. A list of the relevant risks and uncertainties may be found in the earnings press release as well as the company's 2025 10-K, which was filed on March 5, 2026, with the SEC. Additionally, the company may discuss adjusted EPS, adjusted operating income and EBITDA as defined. These metrics are not measures of performance under generally accepted accounting principles. For a reconciliation of EPS, adjusted EPS, operating income to adjusted operating income and net income attributable to Park-Ohio common shareholders to EBITDA as defined, please refer to the company's recent earnings release. I will now turn the conference over to Mr. Matthew Crawford, Chairman, President and CEO. Please proceed, Mr. Crawford.
Matthew V. Crawford: Thank you, and thank you all for joining our first quarter earnings conference call. I'm pleased with the momentum which is building across our business. Not only are we observing growth in many of our end markets, both traditional and new, this strength comes in products and services, which are our most durable and innovative offerings. We've worked hard to transform all aspects of our business over the last several years by carefully allocating capital towards our goals of faster growth, higher sustainable margins and more consistent cash flow. Our progress is beginning to connect to the results. We will continue to invest in people, products and processes where we can accelerate these changes. We are just at the beginning of seeing these improvements. Regarding our strategic review of Southwest Steel Processing, we will respect the long-term contributions of our partners and associates who have created incredible value over the last 25 years. This fully automated forging site is one of the finest of its type anywhere, and we will find a way to optimize the hard work and investment of the SSP Park-Ohio team while improving the overall results of Park-Ohio. Thank you to all of our associates for their contributions to the start of 2026, and I look forward to answering questions after Pat reviews the quarter. Thanks, Pat.
Patrick Fogarty: Thank you, Matt, and good morning. Overall, our first quarter results exceeded our expectations and are highlighted by sales growth across all 3 of our business segments on a year-over-year basis and sequentially. Sales in the quarter totaled $421 million compared to $405 million a year ago, an increase of 4%. Sales growth in Supply …
