Company profile

Ticker
PKOH
Exchange
Website
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

7 May 20
6 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 366.3M 379.5M 403.4M 415.3M
Net income 1.3M 7.7M 12.4M 7.9M
Diluted EPS 0.61 0.99 0.61
Net profit margin 0.35% 2.03% 3.07% 1.90%
Operating income 13M 17.5M 23.8M 19.3M
Net change in cash 800K 6.2M 4.5M -2.2M
Cash on hand 56.8M 56M 49.8M 45.3M
Cost of revenue 312.4M 317.2M 336.9M 349.1M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 1.62B 1.66B 1.41B 1.28B
Net income 39.7M 55.2M 29.5M 32.2M
Diluted EPS 3.12 4.28 2.3 2.58
Net profit margin 2.45% 3.33% 2.09% 2.52%
Operating income 83.1M 97.3M 83.8M 63M
Net change in cash 300K -27.1M 18.5M 2.3M
Cash on hand 56M 55.7M 82.8M 64.3M
Cost of revenue 1.36B 1.39B 1.18B 1.08B

Financial data from Park-Ohio earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
10 Jun 20 Patrick V Auletta Common Stock Grant Aquire A No 0 6,100 0 23,525
10 Jun 20 John D Grampa RSU Common Stock Grant Aquire A No 0 6,100 0 18,527
10 Jun 20 Vilsack Robert D Common Stock Grant Aquire A No 0 30,530 0 147,134
10 Jun 20 Dan T Moore Iii Common Stock Grant Aquire A No 0 6,100 0 62,585
10 Jun 20 Romney Ronna Common Stock Grant Aquire A No 0 6,100 0 21,725
52.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 83 107 -22.4%
Opened positions 4 18 -77.8%
Closed positions 28 12 +133.3%
Increased positions 33 33
Reduced positions 29 30 -3.3%
13F shares
Current Prev Q Change
Total value 176.54M 563.78M -68.7%
Total shares 6.61M 6.86M -3.8%
Total puts 0 0
Total calls 0 6.3K EXIT
Total put/call ratio
Largest owners
Shares Value Change
Dimensional Fund Advisors 936.07K $17.73M +1.5%
GBL Gamco Investors, Inc. Et Al 783.34K $14.84M +2.7%
Private Management 770.64K $14.6M +3.0%
BLK BlackRock 626.15K $11.86M +0.3%
Vanguard 450.45K $8.53M +8.1%
Gabelli Funds 408.8K $7.74M +0.2%
LSV Asset Management 328.83K $6.23M -1.3%
STT State Street 219.61K $4.16M +28.0%
TETAB Teton Advisors 212.33K $4.02M -1.4%
Geode Capital Management 136.15K $2.58M -10.0%
Largest transactions
Shares Bought/sold Change
Foundry Partners 0 -159.41K EXIT
Olstein Capital Management 0 -51K EXIT
STT State Street 219.61K +48K +28.0%
Cornercap Investment Counsel 0 -35.06K EXIT
Vanguard 450.45K +33.7K +8.1%
California Public Employees Retirement System 18.58K -30.5K -62.1%
BAC Bank of America 66.04K +28.79K +77.3%
Private Management 770.64K +22.7K +3.0%
MS^L Morgan Stanley 16.95K -21.27K -55.7%
GBL Gamco Investors, Inc. Et Al 783.34K +20.47K +2.7%

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, 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.
  • 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.
  • Uncertainty relating to the calculation of London Interbank Offered Rate (“LIBOR”) and other reference rates and their potential discontinuance may adversely affect interest expense related to our outstanding debt, including amounts borrowed under our revolving credit facility.
Management Discussion
  • Net sales decreased 12.8%, to $366.3 million in the first three months of 2020 compared to $420.1 million in the same period in 2019. This decrease was primarily due to lower demand from several end markets primarily driven by the COVID-19 pandemic. Several customer plant closures and changes in production schedules affected our businesses, primarily in our Assembly Components and Supply Technologies segments.
  • The factors explaining the changes in segment net sales for the three months ended March 31, 2020 compared to the corresponding 2019 period are contained in the “Segment Results” section below.
  • Cost of sales decreased 12.0% to $312.4 million in the first three months of 2020, compared to $354.8 million in the same period in 2019. The decrease in cost of sales was primarily due to the decrease in net sales described above.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
7th grade Avg
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