ParkOhio — Third Quarter 2026 Earnings Summary

Park-Ohio Holdings Corp. reported record third-quarter 2026 revenue of $459 million, representing a 15% year-over-year increase driven by strong demand in aerospace, defense, AI data centers, and semiconductor markets. The company raised its full-year 2026 sales outlook to a range of $1.750 billion to $1.770 billion and increased its adjusted earnings per share guidance to $3.35–$3.50. Gross margins expanded to 17.9% in the quarter, while operating income surged 54% year-over-year to $26.6 million. Additionally, the company announced an ongoing strategic review of its Southwest Steel Processing business, which is currently expected to contribute approximately $15 million in revenue and a loss of $0.46 per share to the 2026 outlook.