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PKOH Park-Ohio

Park-Ohio Holdings Corp. provides supply chain logistics services and manufactures aluminum products. It operates through the following business segments: Supply Technologies, Assembly Components, and Engineered Products. The Supply Technologies segment provides customers with total supply management services for a broad range of high volume, specialty production components. The Assembly Components segment manufactures cast aluminum components, automotive and industrial rubber and thermoplastic products, fuel filler and hydraulic assemblies for automotive, agricultural equipment, construction equipment, heavy duty truck and marine equipment industries. It also provides value-added services such as design and engineering, machining and assembly. The Engineered Products segment operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of high quality products engineered for specific customer applications. The company was founded in 1907 and is headquartered in Cleveland, OH.

Company profile

Ticker
PKOH
Exchange
Website
CEO
Matthew V. Crawford
Employees
Incorporated
Location
Fiscal year end
Former names
PARK OHIO INDUSTRIES INC
SEC CIK
IRS number
346520107

PKOH stock data

(
)

Calendar

5 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Park-Ohio earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 55M 55M 55M 55M 55M 55M
Cash burn (monthly) (positive/no burn) 83.33K (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 297.47K n/a n/a n/a n/a
Cash remaining n/a 54.7M n/a n/a n/a n/a
Runway (months of cash) n/a 656.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Mar 21 Wert James W Common Stock Sell Dispose S No No 39.78 2,000 79.56K 77,920
8 Mar 21 Wert James W Common Stock Sell Dispose S No No 39.63 2,000 79.26K 79,920
8 Mar 21 Wert James W Common Stock Sell Dispose S No No 39.44 2,000 78.88K 81,920
5 Mar 21 Wert James W Common Stock Sell Dispose S No No 38.26 2,000 76.52K 83,920
5 Mar 21 Wert James W Common Stock Sell Dispose S No No 38.67 2,000 77.34K 85,920
26 Feb 21 Patrick V Auletta RSU Common Stock Grant Aquire A No No 0 31 0 8,072
26 Feb 21 Dan T Moore Iii RSU Common Stock Grant Aquire A No No 0 18 0 4,704

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

52.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 74 70 +5.7%
Opened positions 8 4 +100.0%
Closed positions 4 7 -42.9%
Increased positions 19 19
Reduced positions 35 34 +2.9%
13F shares
Current Prev Q Change
Total value 287.07M 144.39M +98.8%
Total shares 6.59M 6.56M +0.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Dimensional Fund Advisors 917.09K $28.34M -0.8%
GBL Gamco Investors 758.95K $23.45M +2.5%
Private Management 718.25K $22.19M -2.3%
BLK Blackrock 591.61K $18.28M -4.4%
FMR 457.81K $14.15M +94.8%
Vanguard 411.72K $12.72M -8.3%
Gabelli Funds 408K $12.61M -0.2%
LSV Asset Management 307.59K $9.5M +0.4%
Royce & Associates 257.12K $7.95M +14.3%
STT State Street 242.94K $7.51M +2.3%
Largest transactions
Shares Bought/sold Change
FMR 457.81K +222.75K +94.8%
MS Morgan Stanley 24.82K -38.36K -60.7%
Vanguard 411.72K -37.32K -8.3%
Russell Investments 27.68K -34.44K -55.4%
Royce & Associates 257.12K +32.09K +14.3%
Cornercap Investment Counsel 30.81K +30.81K NEW
BLK Blackrock 591.61K -27.22K -4.4%
BAC Bank Of America 10.61K -20.37K -65.8%
Denali Advisors 35.16K -20.05K -36.3%
Invenomic Capital Management 0 -18.72K EXIT

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.
  • 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 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.
  • 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.
  • 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.
  • 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 were down 17% in 2020 compared to 2019 due primarily to lower customer demand in certain end markets, due primarily to the impact of the global COVID-19 pandemic in 2020. The primary decreases were in the Company's truck and truck-related market, which was down 38%; the Company’s aerospace and defense market, which was down 41%; the Company’s automotive market, which was down 14%; the Company’s consumer products market, which was down 14%; and the Company’s agricultural and industrial equipment market, which was down 12%. These decreases were partially offset by
  • higher customer demand in the Company’s medical device market, which was up 109%; and the Company’s semiconductor market, which was up 35%.
  • Segment operating income and operating income margin were down $11.8 million and 100 basis points, respectively, in 2020 compared to 2019. These decreases were due primarily to lower profit flow-through from the lower sales volumes and unfavorable sales mix, partially offset by the benefit of cost reduction actions taken in response to challenging market conditions.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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