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PKOH

Park-Ohio Holdings Corp.

PKOH

Park-Ohio Holdings Corp. • NASDAQ
$21.41 ▲ 3.63% (+0.75)
Market Cap $308.39 M
52w High $32.96
52w Low $15.52
Dividend Yield 0.50%
P/E 10.44
Volume 21.14K
Outstanding Shares 14.40M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $398.6M ▼ $46.5M ▼ $5.5M ▼ 1.38% ▼ $0.396 ▼ $25.3M ▼
Q2-2025 $400.1M ▼ $48.1M ▼ $9.2M ▲ 2.299% ▲ $0.67 ▲ $30.1M ▲
Q1-2025 $405.4M ▲ $49.2M ▼ $8.3M ▲ 2.047% ▲ $0.62 ▲ $29M ▲
Q4-2024 $388.4M ▼ $50.1M ▲ $500K ▼ 0.129% ▼ $0.41 ▼ $24.2M ▼
Q3-2024 $417.6M $48.7M $9.8M 2.347% $0.78 $33.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $50.8M ▲ $1.437B ▲ $1.058B ▲ $374.8M ▲
Q2-2025 $45.6M ▼ $1.422B ▲ $1.045B ▼ $371.1M ▲
Q1-2025 $54.5M ▲ $1.412B ▲ $1.057B ▲ $349.2M ▲
Q4-2024 $53.1M ▼ $1.365B ▼ $1.028B ▼ $330.8M ▼
Q3-2024 $59.5M $1.407B $1.064B $335.9M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.5M ▲ $17.1M ▲ $-10.7M ▼ $-1.4M ▼ $5.2M ▲ $6.4M ▲
Q2-2025 $-7.8M ▼ $-13.8M ▼ $-7.4M ▲ $11.2M ▼ $-8.9M ▼ $-21.1M ▼
Q1-2025 $8.3M ▲ $-10.2M ▼ $-9.5M ▼ $20.3M ▲ $1.4M ▲ $-19.7M ▼
Q4-2024 $5.6M ▼ $25.3M ▲ $2.4M ▲ $-31.5M ▼ $-6.4M ▼ $16.2M ▲
Q3-2024 $13.2M $9M $-9.1M $-2.2M $-400K $-100K

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Assembly Components
Assembly Components
 $190.00M ▲$100.00M ▼$100.00M ▲$100.00M ▲
Engineered Products
Engineered Products
 $240.00M ▲$120.00M ▼$120.00M ▲$120.00M ▲
Supply Technologies
Supply Technologies
 $380.00M ▲$190.00M ▼$190.00M ▲$190.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Park-Ohio has grown its sales steadily over the last several years and kept revenue roughly level most recently, which is an achievement in a choppy industrial environment. Profitability has clearly improved: gross margins have moved up, operating profit is consistently positive again, and the business has shifted from losses earlier in the decade to modest but real earnings. The most recent year shows a sharp jump in earnings per share, which likely includes some one‑off or mix-related benefits, so the sustainability of that step-up is something to watch. Overall, the trend is from low-margin, uneven results toward a more stable, higher-margin profile, but the earnings base is still relatively thin and can be sensitive to the cycle.

Balance Sheet

Balance Sheet The balance sheet shows a solid asset base that has stayed fairly stable over time. Equity has rebuilt somewhat after earlier pressure, but the company still leans meaningfully on debt funding. Cash on hand is modest relative to total assets and borrowings, which means Park-Ohio does not carry a large liquidity cushion and needs its operations and credit lines to function smoothly. Leverage is not extreme for an industrial company but is clearly a key feature of the capital structure and a risk to monitor, especially in a downturn or in a higher interest rate environment.

Cash Flow

Cash Flow Cash generation has been the weak spot. Operating cash flow has swung between positive and negative over the last five years, only recently turning modestly positive again. After capital spending, free cash flow has hovered around breakeven over the period, with some years of outflows. The company has kept investment levels fairly steady, but the underlying cash conversion from earnings has been inconsistent. This means Park-Ohio has less internal cash to reduce debt or fund large new initiatives, and it increases the importance of improving working capital management and margins to strengthen cash flow quality.

Competitive Edge

Competitive Edge Park-Ohio occupies attractive niches rather than competing as a generic industrial supplier. Its Total Supply Management platform embeds it deeply in customers’ supply chains, creating switching costs and sticky relationships. In components and engineered products, the company focuses on complex, high-spec parts and systems where technical know-how and reliability matter more than price alone. Its induction heating and melting business, in particular, has a long history, strong brand recognition, and specialized expertise that are not easily replicated. At the same time, the firm serves cyclical end markets like automotive, industrial, and infrastructure, and its mid-sized scale means it still faces pressure from both larger global players and focused specialists.

Innovation and R&D

Innovation and R&D Innovation at Park-Ohio is practical and customer-driven rather than flashy. The Total Supply Management offering uses data, engineering support, and integrated logistics to make customers’ production lines more efficient. In Assembly Components, the company applies advanced materials, precision manufacturing, and design capabilities to win more demanding, higher-value programs. Through Ajax Tocco, it continues to refine induction heating and melting technologies that can improve energy efficiency and reduce waste for customers. The firm also uses acquisitions to bring in new technologies and capabilities. While it is not a big spender on research in absolute terms, its R&D and engineering efforts are tightly linked to real-world applications and appear to support margin expansion and backlog growth in key niches.

Summary

Park-Ohio today looks like a cyclical industrial business that has been steadily repairing and upgrading itself. Sales have climbed from earlier in the decade and margins have improved, turning past losses into consistent, if still modest, profits. The company’s niche positions in supply chain solutions and induction technologies, plus its tightly integrated customer relationships, provide a meaningful competitive edge. On the other hand, the balance sheet is geared, cash flow has been uneven, and exposure to automotive and broader industrial cycles adds volatility. The story to watch is whether management can continue to lift margins, convert more of its earnings into dependable cash, and use its technology and backlog in engineered products to support more durable, less cyclical performance over time, all while gradually managing down balance-sheet risk.

NEWS

November 5, 2025 · 4:29 PM UTC

ParkOhio Reports Stable Third Quarter 2025 Results, Improved Free Cash Flow and Strong Backlog

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October 31, 2025 · 9:37 AM UTC

ParkOhio Announces Quarterly Dividend

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October 23, 2025 · 11:47 AM UTC

ParkOhio Announces Third Quarter 2025 Results Webcast

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October 1, 2025 · 3:10 PM UTC

Andrew C. Clarke Joins ParkOhio Board of Directors

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September 8, 2025 · 4:25 PM UTC

ParkOhio to Attend the Sidoti Small-Cap Virtual Conference

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