Park-ohio ( (PKOH) ) has released its Q1 earnings. Here is a breakdown of the information Park-ohio presented to its investors.
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Park-Ohio Holdings Corp., headquartered in Cleveland, Ohio, is a diversified international company specializing in supply chain management outsourcing, capital equipment for production lines, and manufactured components for product assembly, operating through three main segments: Supply Technologies, Assembly Components, and Engineered Products.
In its first quarter of 2025, Park-Ohio reported net sales of $405 million, a slight decrease from the $418 million in the same period of 2024. The company’s GAAP earnings per share from continuing operations also saw a decline to $0.61 from $0.83 in the previous year. Despite these declines, the company noted a positive rebound in its Engineered Products Group, which it expects to continue throughout the year.
Key financial metrics for the quarter included a gross margin of 16.8%, down from 17.1% in the previous year, and an EBITDA of $34 million, compared to $38 million in Q1 2024. The Engineered Products segment showed a 6% growth, driven by strong demand in the industrial equipment business, while the Supply Technologies and Assembly Components segments experienced declines due to lower customer demand and delayed business launches.
The company is optimistic about mitigating the impact of tariffs through supply chain solutions and anticipates benefiting from shifting supply chains in North America. Park-Ohio projects its 2025 net sales to range between $1.6 billion and $1.7 billion, with adjusted earnings per share expected to be between $3.00 and $3.50.
Looking forward, Park-Ohio remains focused on leveraging its diverse product offerings and geographic presence to navigate the challenges posed by tariffs and demand fluctuations, while capitalizing on opportunities in the evolving supply chain landscape.