Park-Ohio Q1 revenue rises 4%, launches SSP review

Park Ohio Holdings

06/05/2026 21:25

Overview

Industrial supply chain group's Q1 revenue rose 4% yr/yr to $421 mln

Adjusted EPS for Q1 was $0.65, up from $0.61 a year earlier

Company launched review of strategic alternatives for Southwest Steel Processing business

Outlook

Park-Ohio reaffirms 2026 net sales guidance of $1.675 bln to $1.710 bln

Company maintains 2026 adjusted EPS forecast of $2.90 to $3.20 per share

Company expects 2026 EBITDA margin of 8-9% and free cash flow of $20 mln to $30 mln

Result Drivers

SEGMENT GROWTH - Revenue increased across all three segments, supported by demand in data center, infrastructure, aerospace, defense and industrial electrification markets

MARGIN EXPANSION - Engineered Products segment margins improved, driven by better performance in capital equipment and forged and machined products groups

AUTOMATION & INVESTMENTS - Ongoing investments in automation and information systems contributed to productivity and cost reduction, particularly in Supply Technologies

Company press release: ID:nBw35NLP7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$421 mln
$413.90 mln (2 Analysts)

Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Park Ohio Holdings Corp is $37.00, about 25.3% above its May 5 closing price of $29.54

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 7 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)