Quarterly ResultAug 5, 2026, 04:20 PM
Park-Ohio Reports Record Q2 Sales, Raises FY26 Outlook
AI Summary
Park-Ohio Holdings Corp. announced record second-quarter 2026 results, with revenue reaching $440 million, a 10% increase year-over-year, and Adjusted EPS rising 24% to $0.93. The company also reported improved gross margin and operating cash flow. Driven by strong performance and market visibility, Park-Ohio raised its full-year 2026 outlook for both net sales and adjusted EPS. Additionally, the strategic review of its Southwest Steel Processing business remains ongoing.
Key Highlights
- Record Q2 revenue of $440 million, up 10% year-over-year.
- Adjusted EPS of $0.93, a 24% increase from prior year.
- Gross margin improved to 17.9%, up 90 basis points.
- Operating cash flow was $9 million, a $23 million improvement YoY.
- Raised FY26 Net Sales outlook to $1.70 billion to $1.73 billion.
- Raised FY26 Adjusted EPS outlook to $3.10 to $3.30 per diluted share.
- Supply Technologies Q2 revenue grew 12% to $209.3 million.
- Strategic review of Southwest Steel Processing business is ongoing.
Price Impact
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