Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) | Ohio ...

Financial Data and Key Metrics Changes - The company achieved record consolidated net sales from continuing operations of $1.7 billion, up 11% compared to $1.5 billion in 2022 [63][64] - Gross margins improved by 230 basis points year-over-year to 16.4% of net sales [66] - Operating cash flows exceeded $50 million, with free cash flow of $25 million, a significant improvement from a negative free cash flow of $54 million last year [55][51] - GAAP earnings per share increased significantly to $2.72, with adjusted EPS improving to $3.07, a 74% increase year-over-year [85] Business Line Data and Key Metrics Changes - In the Supply Technologies segment, net sales reached a record $763 million, up 7% from $712 million in 2022, driven by strong demand across various end markets [56] - The Engineered Products segment saw sales of $469 million, up 19% compared to $393 million in 2022, supported by strong customer demand and robust equipment backlogs [70] - Assembly Components segment sales were $428 million, up 10% from $389 million in 2022, attributed to increased net price realization and volumes from new programs [57] Market Data and Key Metrics Changes - The company noted strong demand in aerospace and defense markets, with a 26% year-over-year increase in demand from commercial aerospace customers [88] - Demand in the semiconductor market is expected to stabilize, with increased year-over-year demand anticipated in aerospace and semiconductor end markets [91] Company Strategy and Development Direction - The company is focused on continuous improvement, optimizing execution, and reducing costs while prioritizing organic growth opportunities [49][60] - The acquisition of EMA Indutec GmbH for approximately $14 million is expected to be accretive to segment margins and earnings per share, enhancing the company's global induction heating expertise [73][93] - The company aims to create operating leverage, grow gross margins, and generate additional cash flow to reduce debt in 2024 [62] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering 2024 with strong backlogs and anticipated stable demand across most end markets, particularly in aerospace and defense [61][92] - The company acknowledged challenges in Europe, particularly in Germany, but emphasized the importance of the German market for global manufacturing [18] - Management indicated that while unit volumes may flatten, there are significant opportunities for innovation and operational improvements [28][105] Other Important Information - The company reduced net debt leverage to 4.4 times, an improvement of 27% compared to the previous year [51] - SG&A expenses increased due to higher sales levels and inflation but remained stable as a percentage of net sales at 10.9% [54] Q&A Session Summary Question: What lessons can be expected for free cash flow going forward? - Management indicated that predicting month-to-month deliveries is challenging, but strong backlogs and customer demand are expected to support cash flow [10][11] Question: What is the integration timeline for EMA? - Management noted that EMA is a complex equipment business, and while integration is expected to be smooth, it will take time to fully realize synergies [25][41] Question: How does the company plan to address margin pressures in Engineered Products? - Management highlighted that margins were affected by startup costs and equipment downtime but expect improvements as operations stabilize [38][39] Question: What is the expected growth cadence in the semiconductor business? - Management acknowledged that semiconductor demand is difficult to predict but expressed confidence in year-over-year growth, particularly in aerospace and defense [30][31] Question: How does the company view its acquisition strategy? - Management emphasized a rigorous process for acquisitions, focusing on strategic fit and financial metrics, while also noting that the current focus is not solely on acquisitions [16][98]

Park-Ohio Holdings Corp. Fourth Quarter 2023 Earnings Call Presentation Forward-Looking Statements and Non-GAAP Measures Record net sales from continuing operations of $1.7 billion, up 11% YOY, and record net sales in each business segment March 6, 2024 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, o ...

"Our team delivered strong growth of 11% during 2023 even with the adverse impact of the UAW strikes during the fourth quarter. These results represented record revenue for our business in total and for every business segment. Additionally, gross margin increased more than 200 basis points over 2022, and operating cash flow exceeded $53 million, which was used to grow our business and reduce debt. Our strong performance is a testament to the hard work of our teams and strong positioning in the market of our ...

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Matthew Crawford - Chairman, Chief Executive Officer and President Patrick Fogarty - Vice President and Chief Financial Officer Conference Call Participants David Storms - Stonegate Capital Markets Christian Zyla - KeyBanc Capital Markets Operator Good morning, and welcome to the Park-Ohio Third Quarter 2023 Results Conference Call. [Operator Instructions] Today's conference is also reco ...

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 September 30, 2023 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 charte ...

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Q2 2023 Earnings Conference Call August 3, 2023 10:00 AM ET Company Participants Matthew Crawford - Chairman, President and Chief Executive Officer Pat Fogarty - Chief Financial Officer Conference Call Participants Steve Barger - KeyBanc Capital Markets Yilma Abebe - JPMorgan Dave Storms - Stonegate Operator Good morning and welcome to the ParkOhio Second Quarter 2023 Results Conference Call. [Operator Instructions] Before we get started, I want to remind everyone that ...

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 June 30, 2023 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 Holdings Corp. (NASDAQ:PKOH) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Matthew Crawford - Chairman, President and Chief Executive Officer Patrick Fogarty - Chief Financial Officer Conference Call Participants Steve Barger - KeyBanc Capital Markets Dave Storms - Stonegate Yilma Abebe - JPMorgan Operator Good morning and welcome to the ParkOhio First Quarter 2023 Results Conference Call and Webcast. [Operator Instructions] Today’s conference is also being recorded ...

Park-Ohio Holdings Corp. First Quarter 2023 Earnings Call Presentation May 4, 2023 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 ...