Park Ohio Holdings Corp
NASDAQ:PKOH
Park Ohio Holdings Corp
Park-Ohio Holdings Corp. provides supply chain logistics services and manufactures aluminum products. The company is headquartered in Cleveland, Ohio and currently employs 6,900 full-time employees. The Company’s segments include Supply Technologies, Assembly Components and Engineered Products. Its Supply Technologies segment includes production components, such as fasteners, pins, valves, hoses, wire harnesses, clamps and fittings, rubber and plastic components, and other class C and maintenance, repair and operations (MRO) products. Its Assembly Components segment includes extruded and molded rubber and thermoplastic products, fuel filler assemblies, gasoline direct injection systems, control arms, knuckles, engine cradles and brackets, and oil pans. Its Engineered Products include induction heating and melting systems, pipe threading systems, industrial oven systems, forging presses, and forged steel and machined products.
Park-Ohio Holdings Corp. provides supply chain logistics services and manufactures aluminum products. The company is headquartered in Cleveland, Ohio and currently employs 6,900 full-time employees. The Company’s segments include Supply Technologies, Assembly Components and Engineered Products. Its Supply Technologies segment includes production components, such as fasteners, pins, valves, hoses, wire harnesses, clamps and fittings, rubber and plastic components, and other class C and maintenance, repair and operations (MRO) products. Its Assembly Components segment includes extruded and molded rubber and thermoplastic products, fuel filler assemblies, gasoline direct injection systems, control arms, knuckles, engine cradles and brackets, and oil pans. Its Engineered Products include induction heating and melting systems, pipe threading systems, industrial oven systems, forging presses, and forged steel and machined products.
Revenue: Third quarter revenue was $399 million, stable sequentially but down year-over-year due to weaker North American industrial demand.
Margins: Gross margin for the quarter was 16.7%, slightly below the prior year but showing operational consistency despite volume pressure.
Backlog & Orders: Industrial equipment backlogs hit record highs, up 28% since year-end, driven by large new orders such as a $47 million induction slab heating equipment contract.
Free Cash Flow: Fourth quarter free cash flow is guided at $45–55 million, expected to drive $35–45 million in debt reduction.
Debt Refinancing: The company refinanced senior notes and its credit facility, extending maturities by 5 years and receiving ratings upgrades.
Full-Year Guidance: Net sales are expected at $1.6–1.62 billion and adjusted EPS at $2.70–2.90 per share; full-year free cash flow is guided at $10–20 million.
2026 Outlook: Management expects productivity improvements, new business, and strong backlogs to deliver further progress in 2026, with margin benefits as new contracts ramp.
AI & Tech Investments: The company is investing in data management and AI to drive future efficiencies, especially in Supply Technologies.
