PKOH

As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the engineered components and systems industry, including Park-Ohio (NASDAQ:PKOH) and its peers. Engineered components and systems companies possess technical know-how in sometimes narrow areas such as metal forming or intelligent robotics. Lately, automation and connected equipment collecting analyzable data have been trending, creating new demand. On the other hand, like the broader industrials sector, engineered components and systems companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings. The 13 engineered components and systems stocks we track reported a strong Q2. As a group, revenues beat analysts’ consensus estimates by 3.4% while next quarter’s revenue guidance was 1.6% above. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.3% since the latest earnings results. Based in Cleveland, Park-Ohio (NASDAQ:PKOH) provides supply chain management services, capital equipment, and manufactured components. Park-Ohio reported revenues of $440.1 million, up 10% year on year. This print exceeded analysts’ expectations by 3%. Overall, it was an exceptional quarter for the company with an impressive beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations. Interestingly, the stock is up 8.8% since reporting and currently trades at $45.29. Is now the time to buy Park-Ohio? Access our full analysis of the earnings results here, it’s free. Holding a Guinness World Record for creating the world's largest gasket, Enpro (NYSE:NPO) designs, manufactures, and sells products used for machinery in various industries. Enpro reported revenues of $338.8 million, up 17.6% year on year, outperforming analysts’ expectations by 4.7%. The business had an exceptional quarter with full-year EBITDA guidance exceeding analysts’ expectations and a solid beat of analysts’ EBITDA estimates. Although it had a fine quarter compared to its peers, the market seems unhappy with the results as the stock is down 6.3% since reporting. It currently trades at $312.97. Is now the time to buy Enpro? Access our full analysis of the earnings results here, it’s free. Founded by a steel salesman, Worthington (NYSE:WOR) specializes in steel processing, pressure cylinders, and engineered cabs for commercial markets. Worthington reported revenues of $371.5 million, up 16.9% year on year, falling short of analysts’ expectations by 4%. It was a disappointing quarter as it posted a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates. Worthington delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 4% since the results and currently trades at $56.38. Read our full analysis of Worthington’s results here. Headquartered in Milwaukee, Regal Rexnord (NYSE:RRX) provides power transmission and industrial automation products. Regal Rexnord reported revenues of $1.56 billion, up 4.2% year on year. This print came in 1.1% below analysts’ expectations. Zooming out, it was a mixed quarter as it also logged an impressive beat of analysts’ EBITDA estimates but a slight miss of analysts’ organic revenue estimates. Regal Rexnord had the slowest revenue growth among its peers. The stock is down 24.6% since reporting and currently trades at $166. Read our full, actionable report on Regal Rexnord here, it’s free. Founded as a single retail store, Arrow Electronics (NYSE:ARW) provides electronic components and enterprise computing solutions to businesses globally. Arrow Electronics reported revenues of $9.99 billion, up 31.8% year on year. This result topped analysts’ expectations by 4.7%. Overall, it was an exceptional quarter as it also recorded a beat of analysts’ EPS estimates and EPS guidance for next quarter beating analysts’ expectations. Arrow Electronics achieved the highest guidance raise and fastest revenue growth of the whole group. The stock is down 6.6% since reporting and currently trades at $207.66. Read our full, actionable report on Arrow Electronics here, it’s free. Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership. Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products. By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.

Interested in Park-Ohio Holdings Corp.? Here are five stocks we like better. Record quarterly performance: Second-quarter revenue rose 10% year over year to $440 million, while adjusted diluted EPS increased 24% to $0.93. Gross margin, operating income and operating cash flow also improved. 2026 outlook raised: Park-Ohio now expects full-year sales of $1.70 billion to $1.73 billion and adjusted diluted EPS of $3.10 to $3.30, while maintaining free cash flow guidance of $20 million to $30 million. Broad segment strength: Supply Technologies and Engineered Products posted record sales, with Engineered Products operating income up 50% and backlog up 23% from year-end. The company is also reviewing strategic alternatives for Southwest Steel, including a potential sale, with a decision expected near the end of 2026. Park-Ohio (NASDAQ:PKOH) reported record second-quarter revenue of $440 million and raised its full-year 2026 outlook, citing broad demand across industrial markets and continued operational improvement. Chairman, President and CEO Matthew Crawford said the company’s performance reflected progress in its effort to focus on organic growth in durable products and services. He said Park-Ohio is investing in productivity tools, data management, facility optimization, automation and infrastructure improvements, particularly within its Engineered Products segment. → Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth “We’re pleased to report a solid second quarter performance, which included a number of record or near-record financial performance metrics,” Crawford said. He added that industrial demand appeared to be broadening beyond electrical infrastructure, data centers, aerospace and defense. Total second-quarter sales rose 10% year over year to a record $440 million, compared with $400 million in the prior-year period. Revenue also increased 5% sequentially. Vice President and CFO Pat Fogarty said sales increased both year over year and sequentially in each of the company’s three segments. → 4 Oil and Gas ETF Plays as Prices Stay Sky-High Gross margin increased 90 basis points from the prior-year quarter to 17.9%, while operating income increased 22% year over year. Fogarty attributed the improvement to margin flow-through from higher sales and profit-enhancement initiatives across multiple businesses. GAAP diluted earnings per share rose 30% to $0.87. Adjusted diluted EPS increased 24% to $0.93, from $0.75 a year earlier. → Ulta's Growth Is Real, But So Are the Risks Second-quarter cash flow from operations was $9 million, an improvement of $23 million from the year-ago period. The company said the improvement reflected higher income and efforts to reduce working capital. Capital expenditures totaled $11 million and included information-system investments, plant-floor automation and growth capital. Park-Ohio ended the quarter with approximately $189 million of liquidity, including $48 million of cash and $141 million of unused borrowing capacity. The company expects full-year capital spending of approximately $35 million to $40 million. Based on record first-half sales, demand in Supply Technologies, Engineered Products backlogs and operational improvements, Park-Ohio raised several elements of its 2026 guidance: Net sales of $1.70 billion to $1.73 billion. Adjusted diluted EPS of $3.10 to $3.30. EBITDA as defined of 8.5% to 9%. Free cash flow guidance maintained at $20 million to $30 million. Fogarty said the company expects its full-year effective income tax rate to range from 17% to 20%. Its second-quarter effective tax rate was about 17%, with the favorable year-to-date rate driven by estimated federal research-and-development tax credit benefits. Supply Technologies reported record quarterly sales of $209 million, up 12% from $187 million a year earlier. Segment operating income rose 13% to $19 million, while operating margin increased to 8.8% from 8.7%. The segment benefited from demand in semiconductor, artificial intelligence data center, powersports, aerospace and defense, heavy-duty truck, and agricultural and industrial equipment markets. Sales tied to semiconductor, electrical and AI data center end markets collectively rose 29% year over year, while aerospace and defense demand increased 10%. Park-Ohio is expanding its global service-center footprint and expects to open a new North American distribution center during the third quarter. Fogarty said margin benefits from that facility are expected to begin in 2027. The company’s fastener manufacturing business posted 6% sales growth, supported by demand for proprietary products and the expanded use of lightweight materials in electric and hybrid vehicles. Assembly Components sales increased 7% to $101 million, driven by programs launched last year and increased demand across automotive platforms. Operating income was $5.3 million, down from $5.6 million a year earlier but above $4.9 million in the first quarter. The company said it is pursuing higher margins in the segment through revenue growth from new programs, expanded rubber-mixing production for molded and extruded products, and plant-floor automation investments. Engineered Products generated record sales of $129 million, up 10% year over year and 3% sequentially. Operating income increased 50% to $9 million from $6 million in both the prior-year quarter and first quarter. New equipment bookings in the segment totaled $66 million during the quarter. Year-to-date bookings rose 19% to $153 million, and equipment backlog increased 23% from year-end to $252 million. Demand was supported by defense, electrical steel processing, oil and gas, agriculture, AI data center and semiconductor markets. Fogarty said the segment’s higher profitability reflected sales growth, improved absorption across plants and better operating performance, including at forged-product locations. He said EBIT margins above 10% have not been uncommon for the business over the long term and that the company expects continued improvement. Park-Ohio continues to conduct a formal review of strategic alternatives for its Southwest Steel Processing business, part of Engineered Products. The alternatives may include a sale or another transaction, and the company expects the process to be completed near the end of 2026. Fogarty said Southwest Steel is expected to generate about $15 million in revenue and a net loss of roughly $0.50 per diluted share this year. The company’s revised guidance includes the business, and Fogarty said the outcome of the review could represent upside to current guidance. Crawford said Southwest Steel had been an important contributor for two decades but that changes in its end markets made it less aligned with Park-Ohio’s objectives for growth and operating leverage. He said the company did not identify other businesses with a similarly negative impact on its financial results. Park-Ohio Holdings Corp is a diversified industrial company that supplies engineered products and distribution services to a broad array of end markets. Through its two primary operating segments—Engineered Solutions and Supply Chain Solutions—the company delivers metal components, assemblies and value-added distribution tailored to energy, transportation, industrial and commercial applications. The Engineered Solutions segment provides design, machining, fabrication and assembly of custom metal parts, including heat exchangers, welded assemblies, tubing products and precision-machined components. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Park-Ohio Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.

This article first appeared on GuruFocus. Release Date: August 06, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Record consolidated revenues of $440 million, up 10% year-over-year, with record sales in both Supply Technologies and Engineered Products segments. Gross margin improved 90 basis points to 17.9%, and operating income increased 22% year-over-year. Strong demand across key end markets including semiconductor, AI data center, aerospace and defense, and electrical infrastructure, with Supply Technologies seeing a 29% increase in semiconductor, electrical, and AI data center sales. Engineered Products segment operating income improved 50% year-over-year, driven by strong sales and improved performance, with new equipment bookings up 19% year-to-date. Company raised full-year 2026 guidance for net sales, adjusted EPS, and EBITDA margin, reflecting confidence in continued growth. Cash flow from operations improved by $23 million year-over-year, driven by higher income and working capital reduction efforts. SG&A expenses increased to 12.1% of sales from 11.7% a year ago, due to inflation, personnel costs, and support for higher sales levels. Interest expense rose by $1.1 million year-over-year due to higher rates on refinanced senior secured notes. Southwest Steel processing business is expected to generate a net loss of approximately $0.50 per diluted share in 2026, negatively impacting overall results. The strategic review of Southwest Steel may result in a sale or other transaction, creating uncertainty and potential disruption. Free cash flow guidance remains at $20 million to $30 million, which is relatively modest compared to the company's revenue growth and capital expenditure plans. The new North America distribution center will not contribute to margin benefits until 2027, indicating near-term investment costs without immediate returns. Warning! GuruFocus has detected 9 Warning Sign with PKOH. Is PKOH fairly valued? Test your thesis with our free DCF calculator. Q: What other business units have negative or flat earnings, and should we expect further portfolio actions as core businesses accelerate with the industrial cycle?A: Matthew Crawford, Chairman, President, and CEO: Southwest Steel has been an important contributor for 20 years but has faced fundamental end-market changes making it less desirable for our core growth goals. We are patiently finding the right fit for it. As for other units, I wouldn't identify another business with the same negative impact as Southwest. However, we are always looking to optimize and improve efficiency, but not to that level or in any specific business other than SSP. Q: Was the margin expansion in Engineered Products driven by fulfilling parts of the large silicon steel contract, and is this level of margin sustainable as a floor?A: Matthew Crawford, Chairman, President, and CEO: We are benefiting from that order, but more importantly, order entry this year is up over last year, so the business continues to be strong. I don't view that particular order as a one-off or a "lump in the snake." We are seeing a return to profitability metrics we saw consistently for 20 years before COVID, driven by leadership and discreet investments in equipment reliability and infrastructure. Pat Davison, CFO: This is a global business with aftermarket presence and new equipment builds. We see increased absorption in each plant due to higher bookings, which drives higher margins. EBIT margins north of 10% are not uncommon long-term, and we plan to get there. Q: For Supply Technologies, what was the impact of automation improvements and the new distribution center on margins, and what is a clean operating margin level excluding those investments?A: Pat Davison, CFO: The North American distribution center's benefits will start appearing in margins in 2027, with no impact in the current quarter. We continue to invest in people to support that activity, but it didn't have a meaningful impact on margins this quarter. Information systems investments are people-driven, supporting two systems during implementation, which will impact margins going forward. Despite these investments, we've seen continued margin improvement in this segment and expect that to continue. Q: Can you elaborate on the challenges and problems you're solving in fluid transfer as it relates to the AI infrastructure build-out?A: Matthew Crawford, Chairman, President, and CEO: Our multilayer extruded hose business is vertically integrated, mostly in automotive. We're seeing more applications for fluid transfer in battery coolant technology, cooling systems, and washer systems for advanced hybrid and EV vehicles. However, we're not directly involved in data center fluid transfer. Pat Davison, CFO: We produce extruded plastic hose for air and other fluids in automotive, heavy truck, and industrial applications. There's an opportunity to expand our customer makeup outside of auto and heavy-duty truck to other industrial applications, which might include data center activities. Q: Are you seeing any pushback to data center build-outs from local headlines, and does that have real-world impact?A: Matthew Crawford, Chairman, President, and CEO: The headlines are real, but they affect our business differently than expected. We touch upstream and downstream in this area, such as mining equipment for rare earth minerals and stationary power, which have multi-year backlogs. These are durable opportunities. Midstream investments like transformers and fasteners are ongoing, and there's a multi-year catch-up period for what hasn't been built. I don't see it impacting our backlogs; customers are trying to catch up. The semiconductor sector is strengthening as the final piece, and we touch all parts of the value stream. Over 10-20 years, those headlines will play out, but currently it's more about catch-up than political risk. Q: In the defense market, are manufacturing competence and time-to-market on equal footing with price in the qualification and bidding process?A: Matthew Crawford, Chairman, President, and CEO: In segments like data centers, aerospace and defense, and capacity building, delivery is the most important thing, followed by quality. Price is always important but is a higher priority in more traditional sectors like auto, rail, or truck, especially after years of inflation. It's an intersection of all threequality, price, and deliverybut the emphasis varies by sector. Q: With the strong second quarter results and raised guidance, can you provide more detail on the key drivers behind the record revenues and margin improvements?A: Pat Davison, CFO: Record consolidated revenues of $440 million were driven by record revenues in Supply Technologies and Engineered Products, and continued growth in Assembly Components. Strong demand across semiconductor, aerospace and defense, AI data center, electrical steel, heavy-duty truck, oil and gas, and power sports markets. Gross margin improved 90 basis points to 17.9%, and operating income increased 22% year-over-year. We raised full-year 2026 guidance to net sales of $1.7-$1.73 billion, adjusted EPS of $3.10-$3.30, and EBITDA margin of 8.5%-9%. Q: What is the status of the strategic review for Southwest Steel, and how does it impact your guidance?A: Pat Davison, CFO: We engaged an investment banking firm to assist with a formal review of strategic alternatives for Southwest Steel, including a potential sale. The process is expected to be completed toward the end of this year. Our revised outlook includes Southwest Steel, which is expected to generate approximately $15 million in revenue and a net loss of approximately $0.50 per diluted share. The outcome of the strategic review represents potential upside to our current guidance. Q: Can you elaborate on the demand trends in the semiconductor, electrical, and AI data center sectors, and how you're positioning for growth?A: Pat Davison, CFO: In Supply Technologies, demand in semiconductor, electrical, and AI data center sectors increased 29% year-over-year. In response, we are expanding our global service center footprint to support key customers and expected demand over the next several years. We're on track to open a new state-of-the-art North America distribution center in Q3 2026, which will feature automated sorting and kitting, with margin benefits expected beginning in 2027. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

CLEVELAND, OHIO, August 05, 2026--(BUSINESS WIRE)--Park-Ohio Holdings Corp. (NASDAQ: PKOH) today announced its results for the second quarter of 2026. "We are pleased to announce record second quarter revenues, driven by strong demand across most end markets. Disciplined execution by our team continued to translate into improved profitability metrics and cash flow performance. We believe our transformation into a faster growing, less cyclical business continues, and we expect that productivity investments in our core products and services are in the early days of adding to the durability of our long-term operating model. Given our strong first half performance and visibility into our customer demand for the second half, we feel well-positioned to raise the bar for our performance in 2026," said Matthew V. Crawford, Chairman and Chief Executive Officer. Second Quarter 2026 Highlights Record revenue of $440 million, up 10% year-over-year. Year-over-year sales growth in all three business segments, reflecting continued strong demand across aerospace and defense, AI data center, electrical steel, semiconductor, oil and gas, heavy-duty truck and powersports end markets. Gross margin of 17.9%, up 90 basis points compared to 17.0% in the 2025 second quarter and the highest quarterly level since 2013. GAAP EPS of $0.87, up 30% compared to $0.67 in the 2025 second quarter; Adjusted EPS of $0.93, up 24% compared to $0.75 in the prior year quarter. Operating cash flow of $9 million compared to a use of $14 million in the 2025 second quarter, an improvement of $23 million year-over-year. Our review of strategic alternatives for our Southwest Steel Processing business is ongoing. Second Quarter 2026 Segment Highlights Supply Technologies – Record revenue of $209.3 million compared to $187.1 million in the second quarter of 2025, an increase of 12% driven by sales growth in the semiconductor, AI data center, powersports, aerospace and defense, heavy-duty truck, agricultural and industrial equipment end markets. Year-over-year operating income increased 13.5% and operating margins were 8.8%, reflecting the benefit of higher sales, continued sales growth of our proprietary products in our fastener manufacturing business, and various profit-enhancement initiatives. In addition, results benefited from ongoing investments in automation initiatives designed to improve productivity and reduce operating costs across the business. Assembly Components – Revenue of $101.4 million compared to $95.1 million in the second quarter of 2025, an increase of 7%. Improved volumes were driven by new business and increased year-over-year demand from various automotive platforms in each of our product lines. We continue to leverage our long-standing OEM relationships to expand into new product development and innovation opportunities. Our vertically integrated polymer extrusion and molding capabilities, combined with a global manufacturing footprint, position us to support fluid transfer and critical component applications across traditional, hybrid and electrified powertrains, as well as broader industrial markets. Engineered Products – Record revenue of $129.4 million compared to $117.9 million in the second quarter of 2025, an increase of 10%. New equipment bookings totaled $66 million in the quarter and were driven by strong demand across defense, electrical steel processing, oil and gas, agriculture, AI data center, semiconductor and other general industrial end markets. Equipment backlog at June 30, 2026 totaled $252 million, an increase of 23% from December 31, 2025 and 29% from June 30, 2025. Operating margins of 7.0% increased 190 basis points compared to the corresponding 2025 quarter, driven by 13% year-over-year sales growth in our aftermarket sales and service business, and improvement throughout all businesses in our forged and machined products group. Through our expanding global aftermarket parts and service operations and investments in production efficiency, we are enhancing lifecycle value for customers and positioning the segment for improved operating performance as backlog converts to revenue. Year-to-Date Highlights Record revenue of $861 million, up 7% year-over-year. Strong year-over-year sales growth in all three business segments. Record June 30 year-to-date revenue in Supply Technologies and Engineered Products segments. Gross margin of 17.6%, an increase of 70 basis points compared to 16.9% in the 2025 period. GAAP EPS of $1.44 compared to $1.28 in the 2025 period; Adjusted EPS of $1.57 compared to $1.41 in the prior year period. Full Year 2026 Outlook Raised As we continue to optimize our portfolio to capture opportunities created by key macroeconomic trends, drive revenue growth across each of our business segments, and implement operational improvement initiatives, we are raising our previously announced 2026 outlook as follows: Our raised outlook reflects revenue growth and continued margin expansion, supported by continued strong AI-related demand, accelerated aerospace and defense production and continued growth in key industrial markets in Supply Technologies; strong backlogs in Engineered Products resulting from increasing demand from electrical steel, aerospace and defense and oil and gas markets; and increased operating efficiency across all three business segments. As announced on May 6, 2026, the Company has engaged an investment banking firm to assist in a formal review of strategic alternatives for our Southwest Steel Processing ("SSP") business, including a potential sale or other transaction. Our 2026 outlook includes the impact of SSP, which is expected to contribute approximately $15 million in revenue and a loss of approximately $0.50 per diluted share. Accordingly, the outcome of our strategic review process represents potential upside to our current outlook. In the three and six months ended June 30, 2026, our share of the net loss attributable to the SSP business, which is included in our results from continuing operations, was approximately $0.09 and $0.21 per diluted share, respectively. Our review of strategic alternatives is ongoing. There can be no assurance that this review will result in any transaction or particular outcome. The Company does not provide reconciliations of forward-looking non-GAAP financial measures, such as Adjusted EPS, to the most comparable GAAP financial measures due to the inherent difficulty in forecasting certain items, including non-cash or infrequent charges, which are not available without unreasonable effort. Long-Term Positioning We believe our record results this quarter indicate our businesses are capitalizing on the significant demand for electrical infrastructure-related spending we have mentioned in previous commentary. While the diversity of our end markets is a strength, we are tactically positioning the business to take advantage of these trends. We remain committed to our goal of building a diverse integrated group of leading high value industrial companies, each of which has a deep competitive moat built over decades on brand, customer relationships, process innovation and intellectual property. Webcast and Conference Call A live webcast and conference call to review ParkOhio’s second quarter 2026 financial results will be held on Thursday August 6, 2026, at 9:00 a.m. Eastern Time. To access the webcast, please visit the Investor Relations section of the Company’s website at https://www.pkoh.com. A corresponding investor presentation will also be available on the site prior to the call. ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products. This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the outcome of our strategic review of the SSP business; the impact supply chain and logistic issues have on our business, results of operations, financial position and liquidity; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities, or geopolitical unrest; public health issues, including the outbreak of infectious diseases and any impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under "Item 1A. Risk Factors" included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release. Park-Ohio Holdings Corp. and SubsidiariesSupplemental Non-GAAP Financial Measures (Unaudited) Adjusted earnings from continuing operations is a non-GAAP financial measure that the Company is providing in this press release. Adjusted earnings from continuing operations is income from continuing operations calculated in accordance with generally accepted accounting principles ("GAAP"), adjusted for special items. The Company presents this non-GAAP financial measure because management uses adjusted earnings from continuing operations to compare its operating performance on a consistent basis over multiple periods because they remove the impact of certain significant noncash credits or charges and certain infrequent items impacting net income. Adjusted earnings is not a measure of performance under GAAP and should not be considered in isolation from, or as a substitute for, income from continuing operations calculated in accordance with GAAP. Adjusted income from continuing operations herein may not be comparable to similarly titled measures of other companies. The following table reconciles income from continuing operations to adjusted earnings from continuing operations: The following table shows the impact of these adjustments on our segment results (continuing operations): Park-Ohio Holdings Corp. and SubsidiariesSupplemental Non-GAAP Financial Measures (Unaudited) EBITDA, as defined is a non-GAAP financial measure that the Company is providing in this press release. EBITDA, as defined reflects net income attributable to Park-Ohio Holdings Corp. common shareholders before interest expense, income taxes, depreciation and amortization, and also excludes certain charges and corporate-level expenses as defined in the credit agreement (the "Credit Agreement") governing the Company's current revolving credit facility. Management uses EBITDA, as defined to calculate its debt service coverage ratio under the Credit Agreement. EBITDA, as defined is not a measure of performance under GAAP and should not be considered in isolation from, or as a substitute for, net income or cash flow information calculated in accordance with GAAP. EBITDA, as defined herein may not be comparable to similarly titled measures of other companies. The following table reconciles net income to EBITDA, as defined: The Credit Agreement provides for a revolving credit facility, which matures in July 2030, in the amount of $405.0 million. The availability of borrowings under the revolving credit facility is based on (1) our calculated availability under the Credit Agreement and (2) if such calculated availability decreases below $50.625 million, our ability to meet a debt service ratio covenant generally based on our EBITDA, as defined compared to our consolidated debt charges for the most recent four-quarter period. If our calculated availability is less than $50.625 million, our debt service coverage ratio must be greater than 1.0. At June 30, 2026, our calculated availability was $101.9 million; therefore, the debt service ratio covenant did not apply. Failure to maintain calculated availability of at least $50.625 million and meet the debt service ratio covenant could materially impact the availability and interest rate of future borrowings. Our debt service coverage ratio could be materially impacted by negative economic trends, including inflation and supply chain disruptions. While we expect to remain in compliance throughout 2026, declines in sales volumes in the future, including due to the current macroeconomic conditions, could adversely impact our ability to remain in compliance with certain of these financial covenants. Park-Ohio Holdings Corp. and SubsidiariesSupplemental Non-GAAP Financial Measures (Unaudited) Adjusted segment operating income (loss) is a non-GAAP financial measure that the Company is providing in this press release. Adjusted segment operating income (loss) is calculated as segment operating income (loss) plus adjustments for plant closure and consolidation, severance and other. The Company presents this non-GAAP financial measure because the business segments have incurred significant restructuring and related expenses during the year-to-date periods. Adjusted segment operating income (loss) is not a measure of performance under GAAP and should not be considered in isolation from, or as a substitute for, earnings in accordance with GAAP. Adjusted segment operating income (loss) herein may not be comparable to similarly titled measures of other companies. The following table reconciles adjusted segment operating income (loss) to segment operating income (loss): View source version on businesswire.com: https://www.businesswire.com/news/home/20260805292835/en/ Contacts MATTHEW V. CRAWFORDPARK-OHIO HOLDINGS CORP.(440) 947-2000

CLEVELAND, OHIO, July 17, 2026--(BUSINESS WIRE)--The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on August 14, 2026, to shareholders of record as of the close of business on July 31, 2026. ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products. This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the outcome of our strategic review of the Southwest Steel Processing business; the impact supply chain and logistic issues have on our business, results of operations, financial position and liquidity; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism, hostilities, or geopolitical unrest, including the rising tension between China and the United States; public health issues, including the outbreak of infectious diseases and any impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we describe under "Item 1A. Risk Factors" included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260717880941/en/ Contacts MATTHEW V. CRAWFORDPARK-OHIO HOLDINGS CORP.(440) 947-2000

The past six months have been a windfall for Park-Ohio’s shareholders. The company’s stock price has jumped 82.5%, setting a new 52-week high of $37.94 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation. Is now the time to buy Park-Ohio, or should you be careful about including it in your portfolio? Get the full breakdown from our expert analysts, it’s free. We’re happy investors have made money, but we don’t have much confidence in Park-Ohio. Here are three reasons you should be careful with PKOH, plus one stock we’d rather own. Reviewing a company’s long-term sales performance reveals insights into its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Over the last five years, Park-Ohio grew its sales at a tepid 4.6% compounded annual growth rate. This was below our standard for the industrials sector. Although long-term earnings trends give us the big picture, we like to analyze EPS over a shorter period to see if we are missing a change in the business. Sadly for Park-Ohio, its EPS declined by more than its revenue over the last two years, dropping 8.3%. This tells us the company struggled to adjust to shrinking demand. If you’ve followed StockStory for a while, you know we emphasize free cash flow. Why, you ask? We believe that in the end, cash is king, and you can’t use accounting profits to pay the bills. Park-Ohio’s demanding reinvestments have drained its resources over the last five years, putting it in a pinch and limiting its ability to return capital to investors. Its free cash flow margin averaged negative 1.4%, meaning it lit $1.42 of cash on fire for every $100 in revenue. Park-Ohio isn’t a terrible business, but it doesn’t pass our quality test. After the recent rally, the stock trades at 11.9× forward P/E (or $37.94 per share). While this valuation is fair, the upside isn’t great compared to the potential downside. We’re fairly confident there are better stocks to buy right now. Let us point you toward a fast-growing restaurant franchise with an A+ ranch dressing sauce. ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662%. AppLovin before it ran 753%. Nvidia before it ran 1,178%. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.

Park-Ohio’s first quarter results were marked by solid sales growth across its three business segments, with management citing broad-based demand in end markets such as aerospace, defense, semiconductor, and electrical infrastructure. CEO Matthew Crawford noted that the company’s “most durable and innovative offerings” have contributed to this momentum, while recent investments in automation and efficiency are beginning to show benefits. Strong order activity and higher gross margins reflected the company’s ongoing efforts to improve product mix and operational performance. Is now the time to buy PKOH? Find out in our full research report (it’s free). Revenue: $421 million vs analyst estimates of $413.9 million (3.8% year-on-year growth, 1.7% beat) Adjusted EPS: $0.65 vs analyst estimates of $0.65 (in line) Adjusted EBITDA: $34.3 million vs analyst estimates of $33.15 million (8.1% margin, 3.5% beat) The company reconfirmed its revenue guidance for the full year of $1.69 billion at the midpoint Management reiterated its full-year Adjusted EPS guidance of $3.05 at the midpoint Operating Margin: 5.5%, in line with the same quarter last year Market Capitalization: $407.7 million While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Jacob Moore (KeyBanc Capital Markets) asked which end markets account for the strongest backlog growth. CFO Patrick Fogarty highlighted a “broad-based” mix, citing increased demand from defense, data centers, and oil and gas. Jacob Moore (KeyBanc Capital Markets) inquired about the typical conversion timeline for backlog. CEO Matthew Crawford and Fogarty estimated most projects complete within nine to twelve months, with some longer, multi-year projects in battery steel. Jacob Moore (KeyBanc Capital Markets) questioned the outlook for electrical infrastructure demand. Fogarty noted revenue in this segment now exceeds $150 million and is growing over 10% annually, driven by data centers and power management needs. David Storms (Stonegate) asked when automation initiatives in Supply Technologies will impact margins. Crawford replied that the biggest gains are expected in 2027 and beyond as these projects are still in early stages. Jacob Moore (KeyBanc Capital Markets) pressed on the potential divestiture of Southwest Steel Processing. Crawford emphasized the business’s long-term value and stated the company is open to sale or other options, with proceeds likely used for debt reduction. In the upcoming quarters, our analysts will track (1) the ramp-up and operational impact of Park-Ohio’s new automated North American distribution center, (2) continued growth and mix improvement in capital equipment backlogs, particularly from aerospace, defense, and data center customers, and (3) the outcome of the Southwest Steel Processing strategic review. Progress on automation initiatives and execution in new product launches will also be critical for margin expansion. Park-Ohio currently trades at $29.56, down from $30.24 just before the earnings. At this price, is it a buy or sell? Find out in our full research report (it’s free for active Edge members). ALSO WORTH WATCHING: Top 5 Momentum Stocks. The best time to own a great stock is when the market is finally noticing it. These aren't just high-quality businesses. Something is happening with them right now. Elite fundamentals meeting near-term momentum - both boxes checked at the same time. Find out which stocks our AI platform is flagging this week. See this week's Strong Momentum stocks - FREE. Get Our Strong Momentum Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,326% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.

Shareholders appeared unconcerned with Park-Ohio Holdings Corp.'s (NASDAQ:PKOH) lackluster earnings report last week. We did some digging, and we believe the earnings are stronger than they seem. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. For anyone who wants to understand Park-Ohio Holdings' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by US$18m due to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual expenses don't come up again, we'd therefore expect Park-Ohio Holdings to produce a higher profit next year, all else being equal. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Unusual items (expenses) detracted from Park-Ohio Holdings' earnings over the last year, but we might see an improvement next year. Based on this observation, we consider it likely that Park-Ohio Holdings' statutory profit actually understates its earnings potential! And the EPS is up 55% annually, over the last three years. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. With this in mind, we wouldn't consider investing in a stock unless we had a thorough understanding of the risks. When we did our research, we found 5 warning signs for Park-Ohio Holdings (1 is concerning!) that we believe deserve your full attention. This note has only looked at a single factor that sheds light on the nature of Park-Ohio Holdings' profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.