Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 000-03134 Park-Ohio Holdings Corp. (Exact name of registrant as specified in its charter) | ...

Park-Ohio (PKOH) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Matthew V. Crawford - Chairman, CEO & DirectorPatrick Fogarty - VP & CFOJacob Moore - Equity Research AssociateDave Storms - Director of Equity Research Operator Good morning, and welcome to Park Ohio First Quarter twenty twenty five Results Conference Call. At this time, all participants are in a listen only mode. After the presentation, the company will conduct a question and answer session. Today's conference is also bei ...

Park-Ohio (PKOH) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 Good morning, and welcome to Park Ohio First Quarter twenty twenty five Results Conference Call. At this time, all participants are in a listen only mode. After the presentation, the company will conduct a question and answer session. 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 ...

Park-Ohio Holdings Corp. First Quarter 2025 Earnings Call Presentation May 7, 2025 Forward-Looking Statements and Non-GAAP Measures These slides contain 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 b ...

ParkOhio Announces First Quarter 2025 Results CLEVELAND, OHIO, May 6, 2025 — Park-Ohio Holdings Corp. (NASDAQ: PKOH) today announced its results for the first quarter of 2025. "Our first quarter results demonstrated the strength of our diversity in products, end markets and geographies. While revenue slightly underperformed our expectations, we saw the beginning of a rebound in our Engineered Products Group, which we anticipate will continue through 2025 and beyond. While our forecast takes into account the ...

Park-Ohio Holdings Corp. Full Year 2024 Earnings Call Presentation March 6, 2025 Forward-Looking Statements and Non-GAAP Measures These slides contain 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 ...

Financial Data and Key Metrics Changes - Consolidated net sales in 2024 were approximately $1.7 billion, consistent with 2023 record revenues [9] - GAAP earnings per share from continuing operations increased 18% to $3.19 per diluted share compared to $2.72 last year [12] - Full-year gross margins improved 60 basis points to 17% of net sales [13] - Adjusted operating income was $94 million compared to $90 million a year ago, an increase of 4% year-over-year [14] - EBITDA as defined was $152 million in 2024, up 13% compared to $134 million in 2023 [16] - Operating cash flow generated during the year was $35 million, and free cash flow was $15 million [17] Business Line Data and Key Metrics Changes - Supply Technologies segment achieved record sales of $779 million, up 2% compared to $766 million in 2023 [22] - Assembly Components segment sales declined 7% year-over-year to $399 million due to lower unit sales and pricing [25] - Engineered Products segment net sales were a record $482 million, up 3% compared to $469 million in 2023 [27] - Adjusted operating income in the Supply Technologies segment reached an all-time high of $75 million, up 27% compared to $59 million in the prior year [23] Market Data and Key Metrics Changes - Year-over-year growth in sales was driven by aerospace and defense, heavy-duty truck, consumer electronics, and electrical distribution markets [10] - Weaker demand was noted in power sports, industrial and agricultural equipment, and lawn and garden markets [10] - Booking trends remained robust in both North America and Europe across major induction heating and melting brands [10] Company Strategy and Development Direction - The company aims to build a diverse set of complementary industrial businesses with competitive moats and above-average growth characteristics [5] - Focus on organic growth complemented by acquisitions through the business cycle [6] - The strategy includes reallocating capital from high capital cost businesses to areas with better growth opportunities [57] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in revenue growth driven by stable demand in most end markets for 2025 [33] - Concerns were raised about potential impacts of tariffs and inflation on overall demand in 2025 [46] - The company expects year-over-year improvement in adjusted operating income, adjusted net income, EBITDA, and free cash flow [33] Other Important Information - Corporate expenses were $29 million in 2024, compared to $28 million in 2023, primarily due to higher employee-related costs [33] - The effective tax rate for 2025 is expected to range from 21% to 23% compared to 11% in 2024 [34] Q&A Session Summary Question: Expectations for 2025 cadence and impact of tariffs - Management indicated that most of the business will not be significantly impacted by tariffs, with opportunities in domestic sourcing [38][39] Question: Potential standout end markets for 2025 - Aerospace and defense remain strong, with expectations for growth in heavy-duty trucks and capital equipment [50] Question: Strength of the fastener business - The fastener business benefits from diverse end markets, with strong demand in aerospace and defense [112] Question: Commentary on share increase - The increase in shares is due to a million shares sold through an ATM program, with no additional sales expected in the forecast [71][72] Question: Outlook for proprietary products - Proprietary products in fastener manufacturing are expected to continue growing, particularly in lightweight materials for automotive applications [79][80]

Financial Performance - For the year ended December 31, 2024, net sales were $775.8 million for Supply Technologies, $398.7 million for Assembly Components, and $481.7 million for Engineered Products[15] - For the year ended December 31, 2024, net sales for Supply Technologies were $775.8 million, Assembly Components were $398.7 million, and Engineered Products were $481.7 million[15] Customer Base - Approximately 57% of Supply Technologies' net sales were to domestic customers, while 66% of Assembly Components' net sales were also domestic[16][20] - The five largest customers of Supply Technologies accounted for approximately 34% of its sales in 2024, while the same for Assembly Components was about 55%[16][20] - The average tenure of service for the top 50 Supply Technologies clients exceeds ten years, indicating strong customer relationships[16] - Approximately 66% of Assembly Components' net sales were to domestic customers, with the five largest customers accounting for approximately 55% of segment sales[20] - Engineered Products segment net sales to domestic customers were approximately 54% for the year ended December 31, 2024[24] Operations and Facilities - Supply Technologies operates approximately 80 logistics service centers globally, including in the U.S., Mexico, Canada, and several European and Asian countries[16] - Engineered Products operates 13 domestic and 19 international facilities, serving various industries including automotive, construction, and oil and gas[22][24] - The company operates 13 domestic facilities and 19 international facilities across various countries, enhancing its manufacturing capabilities[22] Employee and Human Resources - The company employed approximately 6,300 employees globally as of December 31, 2024, with 2,500 in the United States and 3,800 in other countries[33] - The company employs approximately 6,300 employees globally, with about 33% covered by collective bargaining agreements[33] - The company’s human resource programs are designed to attract, retain, and develop employees through competitive compensation and comprehensive benefits[34] - The company’s compensation policy aligns short-term and long-term incentives with strategic objectives, offering competitive benefits[37] Product and Service Offerings - Assembly Components manufactures products focused on fuel efficiency and vehicle electrification, including high-pressure direct fuel injection fuel rails[18] - Assembly Components focuses on manufacturing products that enhance fuel efficiency and reduce emissions, including high-pressure direct fuel injection fuel rails[18] - Approximately 48% of Engineered Products' revenues from induction heating and melting systems are derived from the sale of replacement parts and field service[23] - Approximately 48% of revenues from the induction heating and melting systems segment are derived from the sale of replacement parts and field service for the installed base of products[23] - The company’s engineering and manufacturing capabilities include precision cold-formed and cold-extruded fasteners used in high-vibration applications[16] Strategic Approach - Supply Technologies competes on the basis of its Total Supply Management approach, which includes engineering support and just-in-time delivery[17] - The company’s Total Supply Management approach distinguishes it from traditional distributors, providing customized supply chain management solutions[16] Environmental and Safety Commitment - The company is committed to employee health and safety, with global health and safety programs tailored to various jurisdictions and operating hazards[35] - The company is committed to health and safety, with global programs tailored to address specific operating hazards and regulatory compliance[35] - The company is actively involved in environmental compliance and has not experienced material adverse effects from such regulations in the past[30] Supply Chain and Sourcing - The company is dependent on third-party suppliers for production components, with a significant portion sourced from foreign countries[27] - The company has multiple sources for raw materials, which are primarily commodity products available from several domestic suppliers[27] Discontinued Operations - The Company completed the sale of its Aluminum Products business to Angstrom Automotive Group on December 29, 2023, classifying it as a discontinued operation[15] - The company completed the sale of its Aluminum Products business to Angstrom Automotive Group on December 29, 2023, classifying it as a discontinued operation[15]

Park-Ohio Holdings Corporation (NASDAQ:PKOH) Q4 2024 Earnings Conference Call March 6, 2025 10:00 AM ET Company Participants Matthew Crawford - Chairman, CEO & President Patrick Fogarty - VP & CFO Conference Call Participants Dave Storms - Stonegate Brian Sponheimer - Gabelli Funds Jamie Wilen - Wilen Management Christian Zyla - KeyBanc Capital Markets Operator Greetings, and welcome to the Park-Ohio Holdings Corp. Fourth Quarter and Full Year 2024 Results Conference Call and Webcast. At this time, all part ...

Financial Performance - In Q4 2024, net sales from continuing operations were $388.4 million, slightly down from $389.3 million in Q4 2023[4] - Q4 2024 adjusted EPS was $0.67 per diluted share, a 24% increase from $0.54 in Q4 2023[4] - Full year 2024 net sales totaled $1.656 billion, compared to $1.660 billion in 2023[5] - Full year 2024 adjusted EPS was $3.59 per diluted share, up 17% from $3.07 in 2023[5] - EBITDA for Q4 2024 was $37 million, a 27% increase from $29 million in Q4 2023[4] - Operating income for Q4 2024 was $14.4 million, down from $17.7 million in Q4 2023, reflecting a decrease of 18.6%[21] - Adjusted earnings from continuing operations for Q4 2024 were $9.3 million, or $0.67 per diluted share, compared to $6.9 million, or $0.54 per diluted share in Q4 2023[23] - The company reported a net income attributable to common shareholders of $0.5 million in Q4 2024, compared to a loss of $14.5 million in Q4 2023[21] - Total cost of sales for the year ended December 31, 2024, was $1,374.8 million, a decrease of 1.0% from $1,388.3 million in 2023[21] - Selling, general and administrative expenses for Q4 2024 were $45.1 million, a decrease from $46.4 million in Q4 2023[21] - The company declared cash dividends of $0.125 per common share for both Q4 2024 and Q4 2023[21] - The loss from discontinued operations for Q4 2024 was $5.1 million, an improvement from a loss of $21.4 million in Q4 2023[21] Segment Performance - In the Supply Technologies segment, Q4 2024 net sales were $181.8 million, a 2% increase from $177.5 million in Q4 2023[7] - For the Assembly Components segment, Q4 2024 net sales were $89.7 million, down from $97.0 million in Q4 2023[8] - Engineered Products segment net sales in Q4 2024 were $116.9 million, up 2% from $114.8 million in Q4 2023[9] - Segment operating income for Supply Assembly Technologies Components was $75.0 million in 2024, compared to $59.0 million in 2023, an increase of 27.1%[34] - Supply Technologies segment reported adjusted operating income of $75.2 million for 2024, a significant increase from $59.2 million in 2023, marking a growth of 27.8%[36] - Assembly Components segment adjusted operating income decreased to $26.5 million in 2024 from $34.9 million in 2023, a decline of 24.5%[36] - Engineered Products segment adjusted operating income was $21.3 million in 2024, compared to $24.0 million in 2023, indicating a decrease of 11.3%[36] - Corporate segment reported an adjusted operating loss of $29.0 million for both 2024 and 2023, showing no change year-over-year[36] - The financial results indicate a mixed performance across segments, with notable growth in Supply Technologies but declines in Assembly Components and Engineered Products[36] Liquidity and Cash Flow - Total liquidity at December 31, 2024, was $198.2 million, reflecting an increase of $32.2 million year-over-year[11] - Net cash provided by operating activities from continuing operations decreased to $35.0 million in 2024, down from $53.4 million in 2023, a decline of 34.4%[31] - Cash and cash equivalents at the end of the year were $53.1 million, down from $54.8 million at the end of 2023, a decrease of 3.1%[31] Debt and Assets - Total assets increased to $1,365.1 million in 2024, up from $1,340.7 million in 2023, representing a growth of 1.8%[30] - Total current liabilities decreased to $361.1 million in 2024 from $363.6 million in 2023, a reduction of 0.7%[30] - Long-term debt decreased to $618.3 million in 2024 from $633.4 million in 2023, a decline of 2.4%[30] Future Outlook - For 2025, the company expects year-over-year sales growth of 2% to 4% driven by stable demand in key end markets[14]