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Park-Ohio (PKOH)

ParkOhio is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 125 manufacturing sites and supply chain logistics facilities worldwide, through three reportable segments: supply technologies, engineered products and assembly components.

Company profile

Ticker
PKOH
Exchange
Website
CEO
Matthew V. Crawford
Employees
Incorporated
Location
Fiscal year end
Former names
PARK OHIO INDUSTRIES INC
SEC CIK
Subsidiaries
Ajax Tocco de Mexico, S.A. de C.V. • Ajax Tocco International Limited • Ajax Tocco Magnethermic Corporation • Ajax Tocco Magnethermic Corporation Canada Limited • Ajax Tocco Magnethermic GmbH • Ajax Tocco Magnethermic Holdco S.r.l. • Ajax Tocco Magnethermic Japan Co., Ltd. • Ajax Tocco Magnethermic Limited • Ajax Tocco Magnethermic (Shanghai) Co., Ltd. • Apollo Aerospace Components India Private Limited ...
IRS number
346520107

PKOH stock data

Calendar

10 May 22
29 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 61.6M 61.6M 61.6M 61.6M 61.6M 61.6M
Cash burn (monthly) (no burn) (no burn) (no burn) 2.66M 3.37M 5.28M
Cash used (since last report) n/a n/a n/a 7.88M 9.98M 15.64M
Cash remaining n/a n/a n/a 53.72M 51.62M 45.96M
Runway (months of cash) n/a n/a n/a 20.2 15.3 8.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Jun 22 Vilsack Robert D Common Stock Payment of exercise Dispose F No No 15.58 4,696 73.16K 168,502
20 Jun 22 Crawford Matthew V Common Stock Payment of exercise Dispose F No No 15.58 27,897 434.64K 874,928
20 Jun 22 Fogarty Patrick W Common Stock Payment of exercise Dispose F No No 15.58 4,645 72.37K 131,610
16 Jun 22 Wert James W Common Stock Buy Acquire P No No 14.8641 2,000 29.73K 88,882
14 Jun 22 Vilsack Robert D Common Stock Grant Acquire A No No 0 22,500 0 173,198
54.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 67 63 +6.3%
Opened positions 9 7 +28.6%
Closed positions 5 11 -54.5%
Increased positions 19 22 -13.6%
Reduced positions 25 19 +31.6%
13F shares Current Prev Q Change
Total value 95.38M 237.87M -59.9%
Total shares 6.79M 6.59M +3.0%
Total puts 0 600 EXIT
Total calls 0 100 EXIT
Total put/call ratio 6.0
Largest owners Shares Value Change
GBL Gamco Investors 922.16K $12.98M +10.1%
FMR 914.18K $12.86M +3.5%
Dimensional Fund Advisors 815.09K $11.47M -3.0%
Private Management 750.58K $10.56M +4.8%
BLK Blackrock 524.73K $7.38M -2.2%
Gabelli Funds 466.06K $6.56M +6.0%
Vanguard 427.99K $6.02M +2.1%
Royce & Associates 292.26K $4.11M -7.6%
LSV Asset Management 235.86K $3.32M -9.9%
TETAA Teton Advisors 200.05K $2.82M +5.3%
Largest transactions Shares Bought/sold Change
GBL Gamco Investors 922.16K +84.44K +10.1%
Invenomic Capital Management 59.72K +59.72K NEW
First Eagle Investment Management 84.24K +41.4K +96.6%
Private Management 750.58K +34.49K +4.8%
FMR 914.18K +31.18K +3.5%
Quadrature Capital 26.87K +26.87K NEW
Gabelli Funds 466.06K +26.46K +6.0%
LSV Asset Management 235.86K -25.93K -9.9%
Dimensional Fund Advisors 815.09K -24.94K -3.0%
Royce & Associates 292.26K -24.13K -7.6%

Financial report summary

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Risks
  • Our business, results of operations and cash flows have been and are expected to continue to be adversely affected by COVID-19.
  • 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.
  • Inflation may continue to have a significant effect on labor and raw material costs, which could continue to result in material adverse effects on our business and operating results.
  • 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.
  • 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 continue to 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.
  • 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 business and operating results may be adversely affected by natural disasters, other catastrophic events or public health issues, all of which are beyond our control.
  • The insurance that we maintain may not fully cover all potential expenses.
  • Some of our employees belong to labor unions, and strikes or work stoppages could adversely affect our operations.
  • The loss of key executives could adversely impact us.
  • Potential product liability risks exist from the products that we sell.
  • We operate and source internationally, which exposes us to the risks of doing business abroad.
  • We are subject to significant environmental, health and safety laws and regulations and related compliance expenditures and liabilities.
  • We may be exposed to certain regulatory and financial risks related to climate change.
  • 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.
  • We may encounter difficulty in expanding our business through targeted acquisitions.
  • Our Chairman of the Board, Chief Executive Officer and President and former President collectively beneficially own a significant portion of Holdings’ outstanding common stock and their interests may conflict with yours.
Management Discussion
  • Net sales increased 16.4% to $418.4 million in the first three months of 2022 compared to $359.6 million in the same period in 2021. This increase was primarily due to higher customer demand in all three of our business segments.
  • The factors explaining the changes in segment net sales for the three months ended March 31, 2022 compared to the corresponding 2021 period are contained in the “Segment Results” section below.
  • Cost of sales increased 18.6% to $364.7 million in the first three months of 2022 compared to $307.6 million in the same period in 2021. The increase in cost of sales was primarily due to the increase in net sales described above.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
7th grade Avg
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