Park-Ohio Q4 revenue rises

Overview

• Diversified industrial firm's Q4 revenue rose 2% yr/yr but missed analyst expectations

• Adjusted EPS for Q4 was $0.65

• Company reduced borrowings by $40 mln under revolving credit facility

Outlook

• Park-Ohio forecasts 2026 net sales between $1.675 bln and $1.710 bln

• Company expects 2026 adjusted EPS of $2.90 to $3.20

• Park-Ohio projects 2026 free cash flow of $20 mln to $30 mln

Result Drivers

• SUPPLY TECHNOLOGIES GROWTH - Revenue increased by 3% due to sales growth in data center expansion, powersports, semiconductor, and aerospace markets

• ENGINEERED PRODUCTS BOOKINGS - Record bookings of $217 mln driven by demand in defense, steel production, and electrification markets

• MARGIN IMPROVEMENTS - Operating margins in Supply Technologies improved by 240 basis points due to automation and AI initiatives

Company press release: ID:nBw32DnMra

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "buy"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for Park Ohio Holdings Corp is $37.00, about 40.7% above its March 3 closing price of $26.30

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 7 three months ago

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