$PKOH

PARK OHIO HOLDINGS CORP

CIK:0000076282|SEC Filings

Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 440.1	$ 400.1	$ 861.1	$ 805.5
Cost of sales	361.2	331.9	709.5	669.2
Selling, general and administrative expenses	53.1	46.8	104.8	95.0
Restructuring and other special charges	1.3	1.3	2.6	2.3
Operating income	24.5	20.1	44.2	39.0
Other components of pension and other postretirement benefits income, net	2.2	1.8	4.3	3.6
Interest expense, net	(12.3)	(11.2)	(24.6)	(22.2)
Income from continuing operations before income taxes	14.4	10.7	23.9	20.4
Income tax expense	(2.4)	(1.8)	(4.0)	(3.7)
Income from continuing operations	12.0	8.9	19.9	16.7
Loss attributable to noncontrolling interests	0.2	0.4	0.5	1.1
Income from continuing operations attributable to Park-Ohio Holdings Corp. common shareholders	12.2	9.3	20.4	17.8
Loss from discontinued operations, net of tax	(0.1)	(0.1)	(0.2)	(0.3)
Net income attributable to Park-Ohio Holdings Corp. common shareholders	$ 12.1	$ 9.2	$ 20.2	$ 17.5
Basic:
Continuing operations (in dollars per share)	$ 0.88	$ 0.68	$ 1.47	$ 1.30
Discontinued operations (in dollars per share)	(0.01)	(0.01)	(0.01)	(0.02)
Total (in dollars per share)	0.87	0.67	1.46	1.28
Diluted:
Continuing operations (in dollars per share)	0.87	0.67	1.44	1.28
Discontinued operations (in dollars per share)	(0.01)	(0.01)	(0.01)	(0.02)
Total (in dollars per share)	$ 0.86	$ 0.66	$ 1.43	$ 1.26

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS
Income from continuing operations	$ 19.9	$ 16.7
Adjustments to reconcile income from continuing operations to net cash used in operating activities from continuing operations:
Depreciation and amortization	16.7	16.5
Stock-based compensation expense	2.8	2.8
Changes in operating assets and liabilities:
Accounts receivable	(24.5)	(23.5)
Inventories	(8.1)	3.2
Prepaid and other current assets	(12.2)	(6.6)
Accounts payable and accrued expenses	7.4	(34.0)
Other	(0.6)	1.2
Net cash provided by (used in) operating activities from continuing operations	1.4	(23.7)
INVESTING ACTIVITIES FROM CONTINUING OPERATIONS
Purchases of property, plant and equipment	(23.5)	(16.9)
Net cash used in investing activities from continuing operations	(23.5)	(16.9)
Net cash used in investing activities from continuing operations	(23.5)	(16.9)
FINANCING ACTIVITIES FROM CONTINUING OPERATIONS
Proceeds from revolving credit facility, net	33.6	38.9
Payments on other debt	(0.7)	(1.7)
Proceeds from other debt	0.0	1.4
Payments on finance lease facilities, net	(1.3)	(1.9)
Dividends	(3.6)	(3.6)
Payments of withholding taxes on share awards	(2.0)	(1.6)
Net cash provided by financing activities from continuing operations	26.0	31.5
Net cash provided by financing activities from continuing operations	26.0	31.5
DISCONTINUED OPERATIONS
Total used by operating activities	(0.2)	(0.3)
Decrease in cash and cash equivalents from discontinued operations	(0.2)	(0.3)
Effect of exchange rate changes on cash	(0.2)	1.9
Increase (decrease) in cash and cash equivalents	3.5	(7.5)
Cash and cash equivalents at beginning of period	44.8	53.1
Cash and cash equivalents at end of period	48.3	45.6
Interest paid	24.7	22.3
Income taxes paid	$ 9.4	$ 13.3

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 48.3	$ 44.8
Accounts receivable, net	288.7	265.0
Inventories, net	427.6	420.9
Other current assets	133.3	121.8
Total current assets	897.9	852.5
Property, plant and equipment, net	205.5	198.5
Operating lease right-of-use assets	44.2	41.2
Goodwill	114.8	115.8
Pension assets	93.7	93.3
Other long-term assets	114.6	118.3
Total assets	1,470.7	1,419.6
Current liabilities:
Trade accounts payable	215.8	199.8
Current portion of long-term debt and short-term debt	7.3	8.3
Current portion of operating lease liabilities	11.5	10.9
Accrued expenses and other	139.9	147.6
Total current liabilities	374.5	366.6
Long-term liabilities, less current portion:
Long-term debt	652.6	620.7
Long-term operating lease liabilities	32.6	30.4
Other long-term liabilities	18.5	19.1
Total long-term liabilities	703.7	670.2
Park-Ohio Holdings Corp. and Subsidiaries shareholders' equity	391.1	380.9
Noncontrolling interests	1.4	1.9
Total equity	392.5	382.8
Total liabilities and shareholders' equity	$ 1,470.7	$ 1,419.6