Park-Ohio posted Q2 2026 net sales of $440 million, up 10% year over year; GAAP EPS rose 30% to $0.87.
Gross margin widened 0.9 percentage point to 17.9%, the highest quarterly level since 2013; operating cash flow swung to $9 million from a $14 million use.
Engineered Products net sales climbed 10% to $129.4 million; backlog reached $252 million, up 23% from Dec. 31, 2025.
FY 2026 outlook raised: net sales seen at $1.7 billion-$1.73 billion; adjusted EPS forecast at $3.1-$3.3 per diluted share.
Strategic alternatives review for the Southwest Steel Processing business remains ongoing; management cited record revenues on strong demand across most end markets.
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