| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 421.00 | 3.9% |
| Total Income | 421.00 | 3.9% |
| Expenditure | 401.30 | 3.8% |
| PBT | 9.50 | 2.1% |
| Net Profit | 8.10 | 2.4% |
| OPM | 4.68% | 0.02pp |
| NPM | 1.92% | 0.12pp |
| EPS | 0.58 | 6.5% |
ParkOhio Reports Q1 2026 Revenue Up 4% Y-o-Y
07 May 2026 · 7 May, 1:48 am
Summary
Park-Ohio Holdings Corp. announced its first quarter 2026 results, with revenue up 4% year-over-year to $421.0 million. Gross margin improved to 17.3%, and the company reported GAAP EPS of $0.58 and adjusted EPS of $0.65. The company is reviewing strategic alternatives for its Southwest Steel Processing business. Park-Ohio reaffirmed its full year 2026 guidance, projecting net sales between $1.675 billion and $1.710 billion and adjusted EPS between $2.90 and $3.20.
Key Highlights
- 1
Park-Ohio Holdings Corp. reported a revenue of $421.0 million, an increase of 4% year-over-year for the first quarter of 2026.
- 2
The company's gross margin increased by 50 basis points to 17.3% compared to 16.8% in the first quarter of 2025.
- 3
GAAP EPS from continuing operations was $0.58, while adjusted EPS was $0.65 for Q1 2026.
- 4
EBITDA for the first quarter of 2026 was $34.3 million, with an EBITDA margin of 8.1%.
- 5
Supply Technologies revenue increased by 4% to $195.1 million, driven by sales growth in various end markets.
- 6
Engineered Products' backlog totaled $195.9 million as of March 31, 2026, up 44% from the first quarter of 2025.
- 7
The company reaffirms its full year 2026 guidance, projecting net sales between $1.675 billion and $1.710 billion.
Management Comments
Matthew V. Crawford
“Following a strong finish to 2025, we are continuing to build momentum into 2026, supported by improving operating performance, strong backlog visibility and increasing alignment with key growth markets including data center, infrastructure, aerospace and defense and industrial electrification, which is material to our revenues. Our first quarter results reflect continued execution against our transformation initiatives, with revenue growth across all three segments, expanding margins in Engineered Products and sustained performance in Supply Technologies. As we move through 2026, we expect to benefit from backlog conversion, new business ramp and operating leverage from prior investments in automation, information systems and vertical integration.” “Our actions regarding SSP reflect the continued execution of our transformation strategy. Over the past few years, we have reshaped our portfolio to focus on businesses with stronger growth, margin and cash flow characteristics. The SSP review is a natural next step in this process, and we believe it will further enhance the quality and earnings power of ParkOhio going forward,” “SSP has been a long-time contributor to our business performance and continues to have a best-in-class business model for critical rail products. Despite the recent challenges including a sustained end market turndown, we believe its best days are ahead. We will use this strategic review to evaluate how we can position the business for long-term success.”
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