Park-Ohio reported consolidated Q4 net sales of $395 million, up 2% year-over-year, with gross margin rising 70 basis points to 17.3% and adjusted operating income increasing 4% to $20 million. Operating cash flow reached $49 million and free cash flow was $36 million, enabling a $40 million reduction in long-term debt. Adjusted EPS was $0.65, slightly below prior-year's $0.67, weighed by higher interest expense and an $8.9 million non-cash write-off in the Forged and Machined Products group.

Management projects 2026 consolidated revenue of $1.675–1.71 billion, reflecting 5–7% growth, adjusted EPS of $2.90–3.20, EBITDA margin of 8–9% of sales, and free cash flow of $20–30 million. Approximately 75% of expected growth is volume-driven, underpinned by record industrial equipment bookings and a $180 million year-end backlog.

Park-Ohio continues to invest above maintenance capital levels, directing over a third of 2025’s $40 million capital expenditure toward growth initiatives in automation, information technology, and vertical integration. The company refinanced $350 million of senior notes maturing in 2027 with secured notes due 2030 and extended its revolving credit maturity by five years. Groundbreaking of a new North American distribution center and ERP deployments aims to lower costs, reduce working capital, and enhance productivity.

In Supply Technologies, Q4 sales rose to $187 million with operating margin improving to 11.1% from 8.7%, while Assembly Components delivered $92 million in sales. Engineered Products remained stable, and industrial equipment bookings reached a record $217 million in 2025, including a $47 million induction heating order, driving a 24% backlog increase to $180 million.