PARK OHIO HOLDINGS CORP

Listed Company

PKOHCIK 0000076282NasdaqAcceleratedMetal Forgings & StampingsOhioFY ends Dec 31

Period

FY 2025

Revenue

$1.60B

Net Income

$23.80M

Total Assets

$1.42B

Equity

$380.90M

Shares Out

14.40M

Op. Cash Flow

$42.30M

Business

PARK OHIO HOLDINGS CORP is a diversified international company that provides supply chain management outsourcing, capital equipment for production lines, and manufactured components for industrial and OEM customers. It offers Total Supply Management services including sourcing, procurement, logistics, inventory and aftermarket support, and manufactures engineered components and capital equipment such as fasteners, fuel rails and pipes, induction heating and melting systems, pipe threading systems, and forged and machined products. The company operates through three reportable segments: Supply Technologies, Assembly Components and Engineered Products. It markets and distributes products and services across North America, Europe, Asia and other regions through direct sales, applications engineers, independent representatives, sole-source contracts and authorized distributor relationships.

Summary from filing dated 2025-03-06

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,599	1,656	1,660	1,493	1,277
Cost of sales	1,328	1,375	1,388	1,282	1,099
Selling, general and administrative expenses	190	187	182	162	156
Restructuring and other special charges	6	5	7	17	20
Asset impairment charges	9	0	0	—	—
Gains on sales of assets, net	0	−3	−800,000	−2	−15
Other expense	0	5	0	0	—
Operating income	66	87	84	33	16
Other components of pension and other postretirement benefits income, net	7	5	3	11	10
Interest expense, net	−48	−47	−45	−34	—
Loss on extinguishment of debt	−2	0	0	—	—
Income from continuing operations before income taxes	24	44	42	11	−1
Income tax expense	−3	−5	−9	700,000	1
Income from continuing operations	21	40	33	11	−100,000
Loss attributable to noncontrolling interests	4	3	1	−1	1
Income from continuing operations attributable to ParkOhio common shareholders	25	42	34	10	1
Loss from discontinued operations, net of tax	−1	−10	−26	−24	−26
Net income (loss) attributable to ParkOhio common shareholders	24	32	8	−14	−25
Continuing operations (in dollars per share)	1.8	3.27	2.76	0.83	0.09
Discontinued Operations (in dollars per share)	−0.07	−0.81	−2.13	−2.01	−2.16
Total (in dollars per share)	1.73	2.46	0.63	−1.17	−2.07
Continuing operations (in dollars per share)	1.77	3.19	2.72	0.83	0.09
Discontinued Operations (in dollars per share)	−0.07	−0.79	−2.1	−1.99	−2.11
Total (in dollars per share)	1.7	2.4	0.62	−1.16	−2.02
Basic (in shares)	14	13	12	12	12
Diluted (in shares)	14	13	13	12	12

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	45	53	55	58	54
Accounts receivable, net	265	250	263	246	224
Inventories, net	421	423	411	407	352
Other current assets	122	111	95	89	25
Total current assets	853	836	824	932	776
Property, plant and equipment, net	199	183	185	181	179
Operating lease right-of-use assets	41	40	45	55	56
Goodwill	116	112	110	109	106
Pension assets	93	85	75	64	86
Other long-term assets	118	109	28	17	18
Total assets	1,420	1,365	1,341	1,437	1,360
Trade accounts payable	200	195	204	221	178
Current portion of long-term debt and short-term debt	8	8	9	11	6
Current portion of operating lease liabilities	11	11	11	11	11
Accrued expenses	148	147	108	94	43
Total current liabilities	367	361	364	449	349
Long-term debt	621	618	633	655	587
Long-term operating lease liabilities	30	30	34	44	46
Other long-term liabilities	19	19	10	11	12
Total long-term liabilities	670	667	687	720	686
Serial preferred stock: Authorized -- 632,470 shares: Issued and outstanding -- none	0	0	0	0	0
Common stock: Authorized - 40,000,000 shares; Issued - 18,559,230 shares in 2025 and 18,292,490 in 2024	19	18	17	17	16
Additional paid-in capital	196	191	156	150	143
Retained earnings	282	265	240	239	259
Treasury stock, at cost, 4,157,153 shares in 2025 and 4,059,619 shares in 2024	−93	−92	−89	−87	−85
Accumulated other comprehensive loss	−22	−52	−44	−62	−19
Total Park-Ohio Holdings Corp. and Subsidiaries shareholders' equity	381	331	280	257	314
Noncontrolling interests	2	6	10	11	11
Total equity	383	337	290	268	325
Total liabilities and shareholders' equity	1,420	1,365	1,341	1,437	1,360

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	33	34	32	30	31
Stock-based compensation	6	6	7	7	7
Deferred income taxes	−14	−15	−7	−8	−6
Accounts receivable	−5	12	−14	−23	−3
Inventories	3	−15	−1	−56	−55
Prepaid and other current assets	−9	−14	−1	−11	1
Accounts payable and accrued expenses	−1	−3	3	33	37
Other	−1	−7	4	−8	−8
Net cash provided by operating activities from continuing operations	42	35	53	−27	−12
Purchases of property, plant and equipment	−40	−31	−28	−27	−22
Proceeds from sales of assets	0	12	2	10	20
Proceeds from sale of discontinued operations	0	0	16	0	0
Business acquisitions, net of cash acquired	0	−11	−1	−23	−5
Net cash used in investing activities from continuing operations	−40	−31	−12	−41	−7
(Payments on) proceeds from revolving credit facility, net	9	−15	−22	65	78
Payments on term loans and other debt	−2	−8	−7	−4	−6
Proceeds from other long-term debt	800,000	6	4	4	2
(Payments on) proceeds from finance lease facilities, net	−500,000	700,000	900,000	9	−300,000
Issuance of 8.5% Senior Notes due 2030, net of discount	348	0	0	—	—
Redemption of 6.625% Senior Notes due 2027	−350	0	0	—	—
Payments of debt refinancing fees and expenses	−7	0	0	—	—
Net proceeds from common stock issuances	0	30	0	0	—
Payments related to prior acquisitions	0	−3	−3	0	0
Dividends	−8	−7	−7	−7	−7
Payments of withholding taxes on share awards	−2	−3	−2	−2	−3
Net cash provided by (used in) financing activities from continuing operations	−11	2	−37	85	61
Total used in operating activities	−1	−5	−3	−1	−31
Total used in investing activities	0	0	−4	−5	−9
Total used in financing activities	0	0	−2	−3	−900,000
Decrease in cash and cash equivalents from discontinued operations	−1	−5	−9	−9	−41
Effect of exchange rate changes on cash	2	−2	900,000	−4	−1
Decrease in cash and cash equivalents	−8	−2	−3	4	−900,000
Income taxes paid, net	24	15	7	11	−1
Interest paid	40	47	48	35	29

Filings

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