Form 10-Q (Mark One) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) For the quarterly period ended September 30, 2022 | Ohio | 34-1867219 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 6065 Parkland Boulevard, Cleveland, Ohio | 44124 | | (Address ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q2 2022 were $429 million, up 22% compared to Q2 2021, driven by increased customer demand across all segments [16][22] - Gross margins improved to 11.6% from 11.4% year-over-year, with adjusted gross margins at 12.6%, an increase of 100 basis points [16][19] - GAAP EPS for the quarter was $0.08 per diluted share, while adjusted EPS was $0.21, excluding one-time charges [18][19] - EBITDA more than doubled year-over-year, reaching $52 million year-to-date compared to $40 million a year ago [20] Business Line Data and Key Metrics Changes - In Supply Technologies, net sales reached a record $176 million, up 4% from the previous quarter and 13% year-over-year [22] - Engineered Products segment sales were $99 million, a 15% increase compared to $86 million a year ago, marking the highest level since Q1 2020 [25][27] - Assembly Components segment sales increased by 41% year-over-year to $154 million, although it reported an operating loss of $7.5 million due to restructuring charges and rising raw material costs [24] Market Data and Key Metrics Changes - Sales growth was noted across key end markets, including heavy-duty trucks, semiconductor, industrial and agricultural equipment, and civilian aerospace [22] - Currency fluctuations negatively impacted sales by approximately $10 million in Q2 2022 [22][19] Company Strategy and Development Direction - The company is focusing on acquisitions to enhance growth, having recently closed two strategic acquisitions that are expected to be accretive to gross margin and earnings [10][12] - The management anticipates benefiting from federal government legislation aimed at infrastructure investments, particularly in semiconductor production and green energy [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in revenue growth due to improving supply chain conditions and restocking demand, despite ongoing inflation and labor challenges [5][8] - The company expects significant improvement in profitability for the full year 2022 compared to last year, with a revenue growth forecast of approximately 15% [29] Other Important Information - The company has increased its revolving credit facility to $405 million, reflecting the strength of its collateral base [21] - Corporate expenses rose to $7.5 million due to higher personnel costs and professional fees [29] Q&A Session Summary Question: How broad is the restocking trend based on customer feedback? - Management noted strong expectations from customers regarding build rates and inventory restocking, particularly in the auto industry, indicating a broad restocking trend [33] Question: What is the expected operating leverage in the Engineered Products segment? - Management indicated that restructuring efforts are expected to return operating income margins to historic levels, with improvements anticipated as production picks up [35][38] Question: What are the key drivers for free cash flow in the second half of the year? - Management highlighted improvements in earnings and a reduction in working capital levels as key drivers for free cash flow, with expectations for inventory levels to normalize [46][48] Question: How should working capital trends be viewed going into next year? - Management suggested that working capital levels could decrease if sales remain constant, with potential for $30 million of excess working capital to be released [50] Question: What is the company's approach to M&A and capital allocation? - Management emphasized a selective approach to acquisitions, focusing on opportunities that align with long-term growth and profitability goals [51]

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, 2022 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 2022 Results Conference Call May 10, 2022 10:00 AM ET Company Participants Matthew Crawford - Chairman, President and CEO Pat Fogarty - VP and CFO Conference Call Participants Steve Barger - KeyBanc Capital Markets Marco Rodriguez - Stonegate Capital Markets Yilma Abebe - JP Morgan Jim Dowling - Jefferies Capital Operator Good morning, and welcome to the Park-Ohio First Quarter 2022 Results Conference Call. [Operator Instructions] Today’s conference call is also bei ...

Table of Contents For the quarterly period ended March 31, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 or Form 10-Q ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) For the transition period from __________ to __________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-03134 Park-Ohio Holdings Corp. (Exact name of registrant as specified in its charter) | ...

Park-Ohio Holdings Corp. First Quarter 2022 Earnings Call Presentation May 10, 2022 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 ...

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Q4 2021 Earnings Conference Call March 16, 2022 10:00 AM ET Company Participants Matthew Crawford - Chairman, President and Chief Executive Officer Pat Fogarty - Vice President and Chief Financial Officer Conference Call Participants Steve Barger - KeyBanc Capital Markets Quentin Harrah - Stonegate Capital Sarkis Sherbetchyan - B. Riley Steve Barger - KeyBanc Capital Markets Operator Good morning and welcome to the Park-Ohio Forth Quarter and Full Year 2021 Results Con ...

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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | --- | --- | --- | | Common Sto ...

Park-Ohio Holdings Corp. (NASDAQ:PKOH) Q3 2021 Earnings Conference Call November 3, 2021 10:00 AM ET Corporate Participants Matt Crawford - Chairman, President and Chief Executive Officer Pat Fogarty - Vice President and Chief Financial Officer Conference Call Participants Steve Barger - KeyBanc Sarkis Sherbetchyan - B. Riley Operator Good morning and welcome to the Park-Ohio Third Quarter 2021 Results Conference Call. At this time all participants are in a listen-only mode. After the presentation the compa ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (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, 2021 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 ...