Park-Ohio (PKOH) investor relations material

Executive summary

• First quarter 2026 results exceeded expectations, with revenue growing 4% year-over-year to $421 million and all business segments contributing to growth.

• Gross margin expanded to 17.3%, up 50 basis points year-over-year.

• Adjusted EPS was $0.65, exceeding internal expectations; reported EPS was $0.58.

• EBITDA reached $34.3 million, with an 8.1% margin.

• Strategic review of Southwest Steel Processing (SSP) is underway, reflecting ongoing portfolio optimization.

Financial highlights

• Quarterly sales reached $421 million, up from $405 million a year ago.

• Consolidated gross margin improved to 17.3%, up 50 basis points year-over-year.

• Adjusted operating income was $21 million, up 6% year-over-year; sequentially up 4%.

• EBITDA was $34.3 million, up from $33.9 million; EBITDA margin at 8.1%.

• Dividend of $0.125 per share maintained.

Outlook and guidance

• Full-year net sales guidance reaffirmed at $1.675–$1.71 billion, up 5–7% year-over-year.

• Adjusted EPS guidance of $2.90–$3.20, up 7–19% over last year.

• EBITDA expected at 8–9% of net sales; free cash flow guidance of $20–$30 million.

• SSP expected to generate $17 million in revenue and a net loss of $0.53 per share; outcome of strategic review could provide upside.