earnings
confidence high
sentiment positive
materiality 0.80
ParkOhio reports record Q2 revenue of $440M, raises FY 2026 EPS guidance to $3.10-$3.30
PARK OHIO HOLDINGS CORP
- Record Q2 revenue $440M (+10% YoY); GAAP EPS $0.87 (+30%), adjusted EPS $0.93 (+24%).
- Gross margin 17.9% (+90 bps), highest since 2013; operating cash flow $9M vs -$14M prior year.
- All three segments grew: Supply Tech record $209.3M (+12%), Assembly $101.4M (+7%), Engineered Products record $129.4M (+10%).
- Raised FY 2026 outlook: net sales $1.70-1.73B, adjusted EPS $3.10-$3.30 (prev $2.90-$3.20), EBITDA 8.5-9% of sales.
- Engineered Products backlog $252M (+23% from Dec 2025); strategic review of Southwest Steel Processing ongoing.