Company profile

Ticker
PKOH
Exchange
CEO
Matthew V. Crawford
Employees
Incorporated in
Location
Fiscal year end
Former names
Park Ohio Industries Inc
SEC CIK
IRS number
346520107

PKOH stock data

(
)

Calendar

8 Aug 19
24 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 415.3M 420.1M 405.9M 414.3M
Net income 7.6M 11.2M 14.8M 14.2M
Diluted EPS 1.19 1.14
Net profit margin 1.83% 2.67% 3.65% 3.43%
Operating income 19.3M 22.5M 23.2M 24.8M
Net change in cash -2.2M -8.2M -7.2M -25.5M
Cash on hand 45.3M 47.5M 55.7M 62.9M
Cost of revenue 349.1M 354.8M 338.5M 348.4M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 1.66B 1.41B 1.28B 1.46B
Net income 53.6M 28.6M 31.7M 48.1M
Diluted EPS 4.28 2.3 2.58 3.88
Net profit margin 3.23% 2.02% 2.48% 3.29%
Operating income 97.3M 83.8M 63M 97.9M
Net change in cash -27.1M 18.5M 2.3M 4M
Cash on hand 55.7M 82.8M 64.3M 62M
Cost of revenue 1.39B 1.18B 1.08B 1.23B

Financial data from Park-Ohio earnings reports

Financial report summary

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Risks
  • The industries in which we operate are cyclical and are affected by the economy in general.
  • Adverse credit market conditions may significantly affect our access to capital, cost of capital and ability to meet liquidity needs.
  • Adverse global economic conditions may have significant effects on our customers and suppliers that could result in material adverse effects on our business and operating results.
  • Adverse global economic conditions may have significant effects on our customers that would result in our inability to borrow or to meet our debt service coverage ratio in our revolving credit facility.
  • Because a significant portion of our sales is to the automotive and heavy-duty truck industries, a decrease in the demand of these industries or the loss of any of our major customers in these industries could adversely affect our financial health.
  • Our Supply Technologies customers are generally not contractually obligated to purchase products and services from us.
  • We are dependent on key customers.
  • We operate in highly competitive industries.
  • The loss of key executives could adversely impact us.
  • We may encounter difficulty in expanding our business through targeted acquisitions.
  • Our Supply Technologies business depends upon third parties for substantially all of our component parts.
  • The raw materials used in our production processes and by our suppliers of component parts are subject to price and supply fluctuations that could increase our costs of production and adversely affect our results of operations.
  • The energy costs involved in our production processes and transportation are subject to fluctuations that are beyond our control and could significantly increase our costs of production.
  • Potential product liability risks exist from the products that we sell.
  • Some of our employees belong to labor unions, and strikes or work stoppages could adversely affect our operations.
  • We operate and source internationally, which exposes us to the risks of doing business abroad.
  • U.S. federal income tax reform could adversely affect us.
  • We are subject to significant environmental, health and safety laws and regulations and related compliance expenditures and liabilities.
  • Operating problems in our business may materially adversely affect our financial condition and results of operations.
  • We have a significant amount of goodwill, and any future goodwill impairment charges could adversely impact our results of operations.
  • Our Chairman of the Board and Chief Executive Officer and our President collectively beneficially own a significant portion of Holdings’ outstanding common stock and their interests may conflict with yours.
  • Our business and operating results may be adversely affected by natural disasters or other catastrophic events beyond our control.
  • The insurance that we maintain may not fully cover all potential expenses.
Management Discussion
  • Net sales decreased 3.9%, to $415.3 million in the second quarter of 2019, compared to $432.2 million in the same period in 2018, due primarily to lower end-market demand for our products in Supply Technologies and Assembly Components segments, driven by lower year-over-year sales from our facilities in Asia and Europe. These sales decreases were partially offset by increased sales in our Engineered Products segment, driven by increasing demand for our capital equipment and forged and machined products.
  • The factors explaining the changes in segment net sales for the three months ended June 30, 2019 compared to the corresponding 2018 period are contained within the “Segment Results” section below.
  • Cost of sales decreased to $349.1 million in the second quarter of 2019, compared to $359.1 million in the same period in 2018. The decrease in cost of sales was primarily due to the decrease in net sales for the 2019 period compared to the corresponding period in 2018.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: aftermarket, Asia, auto, carbon, Chinese, Cut, EFCO, EP, Erie, Europe, experienced, extrusion, hydraulic, launch, leader, mechanical, professional, ramp, slower, spent, TJCA
Removed: advice, certainty, continuing, depend, Estimating, forecasted, Mexico, percentage, response