PARK OHIO HOLDINGS CORP (PKOH) SEC Filings & Earnings Calls

Tariff impact on margins

“Segment operating income margin was 20 basis points lower in the 2026 period compared to the same period a year ago due primarily to higher tariffs in the 2026 period, which impacted gross margins.” · word for word

Interest expense increase from refinancing

“The increase was due primarily to the August 2025 refinancing of all of our outstanding 6.625% Senior Notes due 2027 (the “2027 Notes”), which resulted in a higher interest rate on our 8.500% Senior Secured Notes due 2030 (the “2030 Notes”) compared to the 2027 Notes.” · word for word

Covenant compliance risk

“While we expect to remain in compliance throughout 2026, declines in sales volumes in the future, including due to the current macroeconomic conditions, could adversely impact our ability to remain in compliance with certain of these financial covenants.” · word for word

Southwest Steel Processing business is under strategic review and contributed a loss of $0.09 per share in Q2; potential sale could impact results

“Our review of strategic alternatives for our Southwest Steel Processing business is ongoing. In the three months ended June 30, 2026, our share of the net loss attributable to the SSP business was approximately $0.09 per diluted share”

Tariff Exposure

“Segment operating income margin was 50 basis points lower in the 2026 period compared to the same period a year ago due primarily to higher tariffs in the 2026 period, which impacted gross margins.” · word for word

Interest Expense Increase

“Interest expense, net was $12.3 million in the first three months of 2026 compared to $11.0 million in the 2025 period.” · word for word

Strategic Review Uncertainty

“The Company is engaging in a formal review of strategic alternatives for its Southwest Steel Processing (“SSP”) business, including a potential sale or other transaction.” · word for word

SSP business under strategic review; potential impairment or divestiture risk.

“The Company has engaged an investment banking firm to assist us in a formal review of strategic alternatives for its Southwest Steel Processing (“SSP”) business.” · word for word

Covenant compliance risk if sales volumes decline.

“Declines in sales volumes in the future, including due to the current macroeconomic conditions, could adversely impact our ability to remain in compliance with certain of these financial covenants.” · word for word

Related-party transactions

“From January 1, 2025 through November 11, 2025, we leased an aircraft from a company owned by Messrs. Matthew Crawford and Edward Crawford for a total of $804,687. On November 12, 2025, we purchased the Crawford aircraft for the purchase price of $3,767,187.50” · word for word

Concentrated insider ownership and control

“Matthew V. Crawford beneficially owns 21.16% of shares; Edward F. Crawford beneficially owns 7.40%; combined with other insiders, group owns 31.1%”

Moderate say-on-pay support

“Our shareholders approved, on an advisory basis, the compensation of our named executive officers, with approximately 73% of the shares represented at such annual meeting and entitled to vote cast in favor” · word for word

Customer Concentration

“The five largest customers, to which Supply Technologies sells through sole-source contracts to multiple operating divisions or locations, accounted for approximately 36% and 34% of the sales of Supply Technologies in 2025 and 2024, respectively.” · word for word

Automotive Industry Cyclicality

“We derived 32% and 7% of our net sales during the year ended December 31, 2025 from the automotive and heavy-duty truck industries, respectively.” · word for word

High Leverage

“Net debt as a % of capitalization 58% at December 31, 2025.” · word for word

Goodwill Impairment Risk

“We determined that the fair value of our Forged and Machined Products Group reporting unit, which is included in our Engineered Products segment, exceeded its carrying value by approximately 15% as of the testing date.” · word for word

Tariff Exposure

“The U.S. continues to impose tariffs on goods manufactured abroad, including goods manufactured in China, Mexico and Canada, as well as on steel and aluminum. These tariffs increase costs for certain goods imported into the United States, including certain of our raw materials and components, which increases our costs.” · word for word

Non-cash asset impairment charges of $8.9 million in Engineered Products forged and machined products group.

“Results include non-cash asset impairment charges of $8.9 million in our forged and machined products group to align our investment with current business levels.” · word for word

Full year 2025 revenue declined to $1.6B from $1.7B in 2024, indicating prior year weakness.

“Revenue of $1.6 billion, compared to $1.7 billion in 2024.” · word for word

Tariff exposure on imported raw materials

“Given the current macroeconomic environment and uncertainty around tariffs, we continue to assess the impact of added costs for certain imported raw materials and other components and demand softness in certain of our key end markets.” · word for word

Demand softness across multiple end markets

“Net sales decreased 4.5% to $398.6 million in the third quarter of 2025 compared to $417.6 million in the same period in 2024. This decrease was primarily due to lower demand in each of our business segments.” · word for word

Covenant compliance risk if sales decline further

“While we expect to remain in compliance throughout 2025, declines in sales volumes in the future, including due to the current macroeconomic conditions, could adversely impact our ability to remain in compliance with certain of these financial covenants.” · word for word

Revenue down 5% year-over-year, indicating potential demand weakness in certain end markets.

“Revenue: $399 million, flat sequentially; down 5% year-over-year.” · word for word

Interest expense from refinancing modestly impacted earnings, though balance sheet strengthened.

“While interest expense from our refinancing modestly impacted earnings, this action strengthened our balance sheet” · word for word

Weaker industrial and consumer electronics demand noted in Supply Technologies segment.

“Growth in electrical, semiconductor, and heavy-truck markets offset weaker industrial and consumer electronics demand.” · word for word