Park Ohio Holdings Corp (NASDAQ: PKOH) is an industrial company that operates three segments: Supply Technologies, Assembly Components, and Engineered Products. It makes money by selling production components, supply chain management services, manufactured automotive parts, and industrial equipment to OEM and industrial customers on a transactional and sole-source contract basis. Supply Technologies generated $747.5 million in net sales in FY2025, Assembly Components generated $380.6 million, and Engineered Products generated $471.0 million, for total net sales of $1,599.1 million in FY2025, down from $1,656.2 million in FY2024. Supply Technologies serves over 7,000 customers, with the top five accounting for approximately 36% of that segment's sales in FY2025, creating material customer concentration risk. The company is debt-carrying, with a revolving credit facility and $16.6 million in finance leases as of December 31, 2025. Gross margin held at 17.0% in both FY2025 and FY2024. Operating income fell to $66.3 million in FY2025 from $86.6 million in FY2024, driven by asset impairment charges of $8.9 million and higher SG&A.
- Revenue model
- Transactional product sales and sole-source supply management contracts across three segments: Supply Technologies (sourcing and distribution of over 280,000 production components), Assembly Components (manufactured automotive and vehicle parts), and Engineered Products (industrial equipment and forged products). Revenue is recognized at point of sale or delivery to OEM and industrial customers.
- Products and services
- Supply Technologies: fasteners, pins, valves, hoses, wire harnesses, clamps, fittings, rubber and plastic components, fuel hose assemblies, electro-mechanical hardware, labels, steering components, MRO products, spare parts, and aftermarket products, sourced and managed under the Total Supply Management trademark program. Assembly Components: fuel rails, fuel filler assemblies, extruded rubber and plastics, molded rubber and plastics oriented toward fuel efficiency, emissions reduction, and vehicle electrification. Engineered Products: induction heating and melting systems, pipe threading systems, industrial oven systems, forging presses, forged steel and machined products, generators, transformers, forming machines, and inverters.
- Customers and end markets
- Over 7,000 customers served by Supply Technologies domestically and internationally as of the FY2025 10-K filing. Top five Supply Technologies customers account for approximately 36% of that segment's FY2025 sales via sole-source contracts. End markets include heavy-duty truck, automotive and light vehicle, agricultural and construction equipment, aerospace and defense, power sports and recreational equipment, semiconductor equipment, electrical distribution and controls, consumer electronics, bus and coaches, HVAC, lawn and garden, plumbing, medical devices, ferrous and non-ferrous metals, coatings, forging, foundry, oil and gas, rail, and power generation.
- Value-chain role
- Midstream industrial supplier and supply chain outsourcer. Supply Technologies sits between component manufacturers and OEM production lines, managing sourcing, logistics, inventory, quality assurance, and just-in-time delivery. Assembly Components is a Tier 1 or Tier 2 manufacturer supplying directly to vehicle OEMs. Engineered Products manufactures capital equipment and forged parts sold to industrial end users.
- Geographic exposure
- Domestic and international operations referenced in the FY2025 10-K filing. Specific country or regional revenue breakdown not disclosed in the provided excerpts.
