Engineered Products Group Improvement
The Engineered Products group showed year-over-year improvement with strong quarter-end execution, highlighting its role in leading Park-Ohio in margin profile and backlog visibility. Sales in this segment grew 6% compared to last year.
Record Growth in Supply Technologies
Despite challenges, Supply Technologies experienced record growth in remaining businesses, indicating a successful reshaping strategy focusing on best products and services.
Operating Margin Increase
The industrial equipment business and Engineered Products segment saw operating margins increase by 110 basis points due to strong new equipment and aftermarket demand.
Global Manufacturing Strategy
Park-Ohio has a strong global presence in over 20 countries, utilizing an in-region strategy for manufacturing and distribution, which helps mitigate tariff impacts.