Form 8-K

8-K — PARK OHIO HOLDINGS CORP

Accession: 0000076282-26-000025

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0000076282

SIC: 3460 (METAL FORGING & STAMPINGS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — pkoh-20260805.htm (Primary)

EX-99.1 (pkoh20260630-ex991earnings.htm)

GRAPHIC (image0a27a.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: pkoh-20260805.htm · Sequence: 1

pkoh-20260805

0000076282false00000762822026-08-052026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 5, 2026

Commission file number: 000-03134

Park-Ohio Holdings Corp.

(Exact name of registrant as specified in its charter)

Ohio 34-1867219

(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)

6065 Parkland Boulevard, Cleveland, Ohio 44124

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code

(440) 947-2000

Not applicable

(Former name or former address, if changed since last report.)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, Par Value $1.00 Per Share PKOH The NASDAQ Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 2.02 Results of Operations and Financial Condition.

On August 5, 2026, Park-Ohio Holdings Corp. issued a press release announcing its quarter ended June 30, 2026 results. The press release is attached hereto as Exhibit 99.1.

The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number Description

99.1

Park-Ohio Holdings Corp. Press Release, dated August 5, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Park-Ohio Holdings Corp.

(Registrant)

Dated:

August 5, 2026

/s/ Patrick W. Fogarty

Patrick W. Fogarty

Vice President and Chief Financial Officer

EX-99.1

Filename: pkoh20260630-ex991earnings.htm · Sequence: 2

Document

ParkOhio Announces Record Sales and Strong Second Quarter 2026 Results;

Raises FY 2026 Outlook

CLEVELAND, OHIO, August 5, 2026 — Park-Ohio Holdings Corp. (NASDAQ: PKOH) today announced its results for the second quarter of 2026.

“We are pleased to announce record second quarter revenues, driven by strong demand across most end markets. Disciplined execution by our team continued to translate into improved profitability metrics and cash flow performance. We believe our transformation into a faster growing, less cyclical business continues, and we expect that productivity investments in our core products and services are in the early days of adding to the durability of our long-term operating model. Given our strong first half performance and visibility into our customer demand for the second half, we feel well-positioned to raise the bar for our performance in 2026,” said Matthew V. Crawford, Chairman and Chief Executive Officer.

Second Quarter 2026 Highlights

•Record revenue of $440 million, up 10% year-over-year.

•Year-over-year sales growth in all three business segments, reflecting continued strong demand across aerospace and defense, AI data center, electrical steel, semiconductor, oil and gas, heavy-duty truck and powersports end markets.

•Gross margin of 17.9%, up 90 basis points compared to 17.0% in the 2025 second quarter and the highest quarterly level since 2013.

•GAAP EPS of $0.87, up 30% compared to $0.67 in the 2025 second quarter; Adjusted EPS of $0.93, up 24% compared to $0.75 in the prior year quarter.

•Operating cash flow of $9 million compared to a use of $14 million in the 2025 second quarter, an improvement of $23 million year-over-year.

•Our review of strategic alternatives for our Southwest Steel Processing business is ongoing.

Second Quarter 2026 Segment Highlights

•Supply Technologies – Record revenue of $209.3 million compared to $187.1 million in the second quarter of 2025, an increase of 12% driven by sales growth in the semiconductor, AI data center, powersports, aerospace and defense, heavy-duty truck, agricultural and industrial equipment end markets. Year-over-year operating income increased 13.5% and operating margins were 8.8%, reflecting the benefit of higher sales, continued sales growth of our proprietary products in our fastener manufacturing business, and various profit-enhancement initiatives. In addition, results benefited from ongoing investments in automation initiatives designed to improve productivity and reduce operating costs across the business.

•Assembly Components – Revenue of $101.4 million compared to $95.1 million in the second quarter of 2025, an increase of 7%. Improved volumes were driven by new business and increased year-over-year demand from various automotive platforms in each of our product lines. We continue to leverage our long-standing OEM relationships to expand into new product development and innovation opportunities. Our vertically integrated polymer extrusion and

-more-

molding capabilities, combined with a global manufacturing footprint, position us to support fluid transfer and critical component applications across traditional, hybrid and electrified powertrains, as well as broader industrial markets.

•Engineered Products – Record revenue of $129.4 million compared to $117.9 million in the second quarter of 2025, an increase of 10%. New equipment bookings totaled $66 million in the quarter and were driven by strong demand across defense, electrical steel processing, oil and gas, agriculture, AI data center, semiconductor and other general industrial end markets. Equipment backlog at June 30, 2026 totaled $252 million, an increase of 23% from December 31, 2025 and 29% from June 30, 2025. Operating margins of 7.0% increased 190 basis points compared to the corresponding 2025 quarter, driven by 13% year-over-year sales growth in our aftermarket sales and service business, and improvement throughout all businesses in our forged and machined products group. Through our expanding global aftermarket parts and service operations and investments in production efficiency, we are enhancing lifecycle value for customers and positioning the segment for improved operating performance as backlog converts to revenue.

Year-to-Date Highlights

•Record revenue of $861 million, up 7% year-over-year.

•Strong year-over-year sales growth in all three business segments.

•Record June 30 year-to-date revenue in Supply Technologies and Engineered Products segments.

•Gross margin of 17.6%, an increase of 70 basis points compared to 16.9% in the 2025 period.

•GAAP EPS of $1.44 compared to $1.28 in the 2025 period; Adjusted EPS of $1.57 compared to $1.41 in the prior year period.

Full Year 2026 Outlook Raised

As we continue to optimize our portfolio to capture opportunities created by key macroeconomic trends, drive revenue growth across each of our business segments, and implement operational improvement initiatives, we are raising our previously announced 2026 outlook as follows:

Previous Updated

Net Sales $1.675 billion to $1.710 billion $1.700 billion to $1.730 billion, an increase of 6% to 8% over 2025

Adjusted EPS $2.90 to $3.20 per diluted share $3.10 to $3.30 per diluted share, an increase of 15% to 22% over 2025

EBITDA (as defined) 8-9% of Net Sales 8.5-9% of Net Sales

Free Cash Flow $20 million to $30 million $20 million to $30 million

Our raised outlook reflects revenue growth and continued margin expansion, supported by continued strong AI-related demand, accelerated aerospace and defense production and continued growth in key industrial markets in Supply Technologies; strong backlogs in Engineered Products resulting from increasing demand from electrical steel, aerospace and defense and oil and gas markets; and increased operating efficiency across all three business segments.

As announced on May 6, 2026, the Company has engaged an investment banking firm to assist in a formal review of strategic alternatives for our Southwest Steel Processing (“SSP”) business, including a potential sale or other transaction. Our 2026 outlook includes the impact of SSP, which is expected to contribute approximately $15 million in revenue and a loss of approximately $0.50 per diluted share. Accordingly, the outcome of our strategic review process represents potential upside to our current outlook. In the three and six months ended June 30, 2026, our share of the net loss attributable to the SSP business, which is included in our results from continuing operations, was approximately $0.09 and $0.21 per diluted share, respectively.

Our review of strategic alternatives is ongoing. There can be no assurance that this review will result in any transaction or particular outcome.

The Company does not provide reconciliations of forward-looking non-GAAP financial measures, such as Adjusted EPS, to the most comparable GAAP financial measures due to the inherent difficulty in forecasting certain items, including non-cash or infrequent charges, which are not available without unreasonable effort.

Long-Term Positioning

We believe our record results this quarter indicate our businesses are capitalizing on the significant demand for electrical infrastructure-related spending we have mentioned in previous commentary. While the diversity of our end markets is a strength, we are tactically positioning the business to take advantage of these trends. We remain committed to our goal of building a diverse integrated group of leading high value industrial companies, each of which has a deep competitive moat built over decades on brand, customer relationships, process innovation and intellectual property.

Webcast and Conference Call

A live webcast and conference call to review ParkOhio’s second quarter 2026 financial results will be held on Thursday August 6, 2026, at 9:00 a.m. Eastern Time. To access the webcast, please visit the Investor Relations section of the Company’s website at https://www.pkoh.com. A corresponding investor presentation will also be available on the site prior to the call.

ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.

This news release contains forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the outcome of our strategic review of the SSP business; the impact supply chain and logistic issues have on our business, results of operations, financial position and liquidity; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common stock; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities, or geopolitical unrest; public health issues, including the outbreak of infectious diseases and any impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of any such dividends; and the other factors we

describe under "Item 1A. Risk Factors" included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved. The Company assumes no obligation to update the information in this release.

CONTACT: MATTHEW V. CRAWFORD

PARK-OHIO HOLDINGS CORP.

(440) 947-2000

Park-Ohio Holdings Corp. and Subsidiaries

Condensed Consolidated Statements of Income (Unaudited)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

(In millions, except per share data)

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

Income (loss) per common share attributable to Park-Ohio Holdings Corp. common shareholders:

Basic:

Continuing operations $ 0.88 $ 0.68 $ 1.47 $ 1.30

Discontinued operations (0.01) (0.01) (0.01) (0.02)

Total $ 0.87 $ 0.67 $ 1.46 $ 1.28

Diluted:

Continuing operations $ 0.87 $ 0.67 $ 1.44 $ 1.28

Discontinued operations (0.01) (0.01) (0.01) (0.02)

Total $ 0.86 $ 0.66 $ 1.43 $ 1.26

Weighted-average shares used to compute income (loss) per share:

Basic 13.9 13.7 13.9 13.7

Diluted 14.2 14.0 14.2 13.9

Dividends per common share

$ 0.125 $ 0.125 $ 0.250 $ 0.250

Other financial data:

EBITDA, as defined $ 38.8 $ 35.2 $ 73.0 $ 69.1

Park-Ohio Holdings Corp. and Subsidiaries

Supplemental Non-GAAP Financial Measures (Unaudited)

Adjusted earnings from continuing operations is a non-GAAP financial measure that the Company is providing in this press release. Adjusted earnings from continuing operations is income from continuing operations calculated in accordance with generally accepted accounting principles ("GAAP"), adjusted for special items. The Company presents this non-GAAP financial measure because management uses adjusted earnings from continuing operations to compare its operating performance on a consistent basis over multiple periods because they remove the impact of certain significant noncash credits or charges and certain infrequent items impacting net income. Adjusted earnings is not a measure of performance under GAAP and should not be considered in isolation from, or as a substitute for, income from continuing operations calculated in accordance with GAAP. Adjusted income from continuing operations herein may not be comparable to similarly titled measures of other companies. The following table reconciles income from continuing operations to adjusted earnings from continuing operations:

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

Earnings Diluted EPS Earnings Diluted EPS Earnings Diluted EPS Earnings Diluted EPS

(In millions, except for earnings per share (EPS))

Income from continuing operations attributable to Park-Ohio Holdings Corp. common shareholders $ 12.2 $ 0.87 $ 9.3 $ 0.67 $ 20.4 $ 1.44 $ 17.8 $ 1.28

Adjustments:

Restructuring and other special charges 1.3 0.08 1.3 0.10 2.6 0.17 2.3 0.17

Tax effect of above adjustments (0.3) (0.02) (0.2) (0.02) (0.5) (0.04) (0.5) (0.04)

Adjusted earnings $ 13.2 $ 0.93 $ 10.4 $ 0.75 $ 22.5 $ 1.57 $ 19.6 $ 1.41

The following table shows the impact of these adjustments on our segment results (continuing operations):

Cost of Sales SG&A Total Cost of Sales SG&A Total

(In millions)

Three Months Ended June 30, 2026 Three Months Ended June 30, 2025

Supply Technologies $ — $ 0.3 $ 0.3 $ — $ 0.4 $ 0.4

Assembly Components — 0.3 0.3 — 0.5 0.5

Engineered Products — 0.6 0.6 — 0.4 0.4

Corporate — 0.1 0.1 — — —

Total continuing operations $ — $ 1.3 $ 1.3 $ — $ 1.3 $ 1.3

Six Months Ended June 30, 2026 Six Months Ended June 30, 2025

Supply Technologies $ — $ 0.3 $ 0.3 $ — $ 0.4 $ 0.4

Assembly Components — 0.7 0.7 — 0.7 0.7

Engineered Products — 1.1 1.1 — 1.2 1.2

Corporate — 0.5 0.5 — — —

Total continuing operations $ — $ 2.6 $ 2.6 $ — $ 2.3 $ 2.3

Park-Ohio Holdings Corp. and Subsidiaries

Supplemental Non-GAAP Financial Measures (Unaudited)

EBITDA, as defined is a non-GAAP financial measure that the Company is providing in this press release. EBITDA, as defined reflects net income attributable to Park-Ohio Holdings Corp. common shareholders before interest expense, income taxes, depreciation and amortization, and also excludes certain charges and corporate-level expenses as defined in the credit agreement (the “Credit Agreement”) governing the Company's current revolving credit facility. Management uses EBITDA, as defined to calculate its debt service coverage ratio under the Credit Agreement. EBITDA, as defined is not a measure of performance under GAAP and should not be considered in isolation from, or as a substitute for, net income or cash flow information calculated in accordance with GAAP. EBITDA, as defined herein may not be comparable to similarly titled measures of other companies. The following table reconciles net income to EBITDA, as defined:

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

(In millions)

Income from continuing operations attributable to Park-Ohio Holdings Corp. common shareholders $ 12.2 $ 9.3 $ 20.4 $ 17.8

Add back:

Interest expense, net 12.3 11.2 24.6 22.2

Income tax expense 2.4 1.8 4.0 3.7

Depreciation and amortization

8.4 8.2 16.7 16.5

Stock-based compensation expense 1.4 1.3 2.8 2.8

Restructuring, business optimization and other costs 1.3 1.3 2.6 2.3

EBITDA loss attributable to Designated Subsidiary 0.7 2.0 2.0 3.8

Other 0.1 0.1 (0.1) —

EBITDA, as defined $ 38.8 $ 35.2 $ 73.0 $ 69.1

The Credit Agreement provides for a revolving credit facility, which matures in July 2030, in the amount of $405.0 million. The availability of borrowings under the revolving credit facility is based on (1) our calculated availability under the Credit Agreement and (2) if such calculated availability decreases below $50.625 million, our ability to meet a debt service ratio covenant generally based on our EBITDA, as defined compared to our consolidated debt charges for the most recent four-quarter period. If our calculated availability is less than $50.625 million, our debt service coverage ratio must be greater than 1.0. At June 30, 2026, our calculated availability was $101.9 million; therefore, the debt service ratio covenant did not apply. Failure to maintain calculated availability of at least $50.625 million and meet the debt service ratio covenant could materially impact the availability and interest rate of future borrowings. Our debt service coverage ratio could be materially impacted by negative economic trends, including inflation and supply chain disruptions. While we expect to remain in compliance throughout 2026, declines in sales volumes in the future, including due to the current macroeconomic conditions, could adversely impact our ability to remain in compliance with certain of these financial covenants.

Park-Ohio Holdings Corp. and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)

June 30,

2026 December 31,

2025

(In millions)

ASSETS

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

LIABILITIES AND SHAREHOLDERS' EQUITY

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

Park-Ohio Holdings Corp. and Subsidiaries

Condensed Consolidated Statements of Cash Flows (Unaudited)

Three Months Ended June 30, Six Months Ended June 30,

2026 2025 2026 2025

(In millions)

OPERATING ACTIVITIES FROM CONTINUING OPERATIONS

Income from continuing operations $ 12.0 $ 8.9 $ 19.9 $ 16.7

Adjustments to reconcile income from continuing operations to net cash used in operating activities from continuing operations:

Depreciation and amortization 8.4 8.2 16.7 16.5

Stock-based compensation expense 1.4 1.3 2.8 2.8

Changes in operating assets and liabilities:

Accounts receivable (9.7) 1.5 (24.5) (23.5)

Inventories (1.1) (1.8) (8.1) 3.2

Prepaid and other current assets (13.3) 1.2 (12.2) (6.6)

Accounts payable and accrued expenses 9.5 (32.1) 7.4 (34.0)

Other 2.0 (0.9) (0.6) 1.2

Net cash provided by (used in) operating activities from continuing operations 9.2 (13.7) 1.4 (23.7)

INVESTING ACTIVITIES FROM CONTINUING OPERATIONS

Purchases of property, plant and equipment (11.0) (7.4) (23.5) (16.9)

Net cash used in investing activities from continuing operations (11.0) (7.4) (23.5) (16.9)

FINANCING ACTIVITIES FROM CONTINUING OPERATIONS

Proceeds from revolving credit facility, net 7.4 14.7 33.6 38.9

Proceeds from (payments on) other debt, net 0.6 0.5 (0.7) (0.3)

Payments on finance lease facilities, net (0.7) (0.6) (1.3) (1.9)

Dividends (1.8) (1.8) (3.6) (3.6)

Payments of withholding taxes on share awards (2.0) (1.6) (2.0) (1.6)

Net cash provided by financing activities from continuing operations 3.5 11.2 26.0 31.5

DISCONTINUED OPERATIONS

Total used by operating activities (0.1) (0.1) (0.2) (0.3)

Decrease in cash and cash equivalents from discontinued operations (0.1) (0.1) (0.2) (0.3)

Effect of exchange rate changes on cash — 1.1 (0.2) 1.9

Increase (decrease) in cash and cash equivalents 1.6 (8.9) 3.5 (7.5)

Cash and cash equivalents at beginning of period 46.7 54.5 44.8 53.1

Cash and cash equivalents at end of period $ 48.3 $ 45.6 $ 48.3 $ 45.6

Interest paid $ 5.0 $ 17.7 $ 24.7 $ 22.3

Income taxes paid $ 5.0 $ 8.0 $ 9.4 $ 13.3

Park-Ohio Holdings Corp. and Subsidiaries

Business Segment Information (Unaudited)

Supply Technologies Assembly Components Engineered Products Total

(In millions)

Three Months Ended June 30, 2026

Net sales $ 209.3 $ 101.4 $ 129.4 $ 440.1

Cost of sales 170.5 90.5 100.2 361.2

Gross profit 38.8 10.9 29.2 78.9

Selling, general and administrative expenses 20.0 5.3 19.6 44.9

Restructuring and other special charges 0.3 0.3 0.6 1.2

Segment operating income 18.5 5.3 9.0 32.8

Corporate expenses (8.2)

Corporate restructuring and other special charges (0.1)

Operating income 24.5

Other components of pension and other postretirement benefits income, net 2.2

Interest expense, net (12.3)

Income from continuing operations before income taxes $ 14.4

Three Months Ended June 30, 2025

Net sales $ 187.1 $ 95.1 $ 117.9 $ 400.1

Cost of sales 154.3 84.2 93.4 331.9

Gross profit 32.8 10.9 24.5 68.2

Selling, general and administrative expenses 16.1 4.8 18.1 39.0

Restructuring and other special charges 0.4 0.5 0.4 1.3

Segment operating income 16.3 5.6 6.0 27.9

Corporate expenses (7.8)

Operating income 20.1

Other components of pension and other postretirement benefits income, net 1.8

Interest expense, net (11.2)

Income from continuing operations before income taxes $ 10.7

Six Months Ended June 30, 2026

Net sales $ 404.4 $ 201.6 $ 255.1 $ 861.1

Cost of sales 328.4 180.5 200.6 709.5

Gross profit 76.0 21.1 54.5 151.6

Selling, general and administrative expenses 39.7 10.2 38.7 88.6

Restructuring and other special charges 0.3 0.7 1.1 2.1

Segment operating income 36.0 10.2 14.7 60.9

Corporate expenses (16.2)

Corporate restructuring and other special charges (0.5)

Operating income 44.2

Other components of pension and other postretirement benefits income, net 4.3

Interest expense, net (24.6)

Income from continuing operations before income taxes $ 23.9

Six Months Ended June 30, 2025

Net sales $ 374.9 $ 192.0 $ 238.6 $ 805.5

Cost of sales 307.5 169.9 191.8 669.2

Gross profit 67.4 22.1 46.8 136.3

Selling, general and administrative expenses 32.9 10.5 35.8 79.2

Restructuring and other special charges 0.4 0.7 1.2 2.3

Segment operating income 34.1 10.9 9.8 54.8

Corporate expenses (15.8)

Operating income 39.0

Other components of pension and other postretirement benefits income, net 3.6

Interest expense, net (22.2)

Income from continuing operations before income taxes $ 20.4

Park-Ohio Holdings Corp. and Subsidiaries

Supplemental Non-GAAP Financial Measures (Unaudited)

Adjusted segment operating income (loss) is a non-GAAP financial measure that the Company is providing in this press release. Adjusted segment operating income (loss) is calculated as segment operating income (loss) plus adjustments for plant closure and consolidation, severance and other. The Company presents this non-GAAP financial measure because the business segments have incurred significant restructuring and related expenses during the year-to-date periods. Adjusted segment operating income (loss) is not a measure of performance under GAAP and should not be considered in isolation from, or as a substitute for, earnings in accordance with GAAP. Adjusted segment operating income (loss) herein may not be comparable to similarly titled measures of other companies. The following table reconciles adjusted segment operating income (loss) to segment operating income (loss):

Three Months Ended June 30,

2026 2025

(In millions)

As reported Adjustments As adjusted As reported Adjustments As adjusted

Supply Technologies $ 18.5 $ 0.3 $ 18.8 $ 16.3 $ 0.4 $ 16.7

Assembly Components 5.3 0.3 5.6 5.6 0.5 6.1

Engineered Products 9.0 0.6 9.6 6.0 0.4 6.4

Corporate (8.3) 0.1 (8.2) (7.8) — (7.8)

Operating income - continuing operations $ 24.5 $ 1.3 $ 25.8 $ 20.1 $ 1.3 $ 21.4

Six Months Ended June 30,

2026 2025

(In millions)

As reported Adjustments As adjusted As reported Adjustments As adjusted

Supply Technologies $ 36.0 $ 0.3 $ 36.3 $ 34.1 $ 0.4 $ 34.5

Assembly Components 10.2 0.7 10.9 10.9 0.7 11.6

Engineered Products 14.7 1.1 15.8 9.8 1.2 11.0

Corporate (16.7) 0.5 (16.2) (15.8) — (15.8)

Operating income - continuing operations $ 44.2 $ 2.6 $ 46.8 $ 39.0 $ 2.3 $ 41.3

Note: Amounts above include non-controlling interest impact.

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Aug. 05, 2026

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Park-Ohio Holdings Corp.

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6065 Parkland Boulevard,

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Cleveland,

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