Wed, May 7, 7:07 PM (5 days ago)
**Park-Ohio Holdings Corp. (PKOH) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** $405.4 million, down 2.9% from Q1 2024 ($417.6 million). - **Profit Margins:** Gross margin was 16.8%, down from 17.1% in Q1 2024. Operating margin was 4.7% (down from 5.8% in Q1 2024). - **Net Income:** $8.3 million, down 13.5% from $9.6 million in Q1 2024. - **Earnings per Share (EPS):** Basic EPS was $0.62, down 20.8% from $0.77 in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $10.0 million, a decrease from $2.3 million generated in Q1 2024. **Segment Performance:** - **Supply Technologies:** Revenue down 4.6%, operating income down 8.7%. - **Assembly Components:** Revenue down 9.6%, operating income down 38.4%. - **Engineered Products:** Revenue up 6.3%, operating income up 8.6%. **Trends and Uncertainties:** - Lower demand in Supply Technologies and Assembly Components segments. - Higher production activity and localized sourcing back into the U.S. may benefit long-term operations. - Tariffs and trade actions may impact operations and financial condition. - Seasonality and variability in operating results due to customer order timing and economic conditions. **Future Operations Impact:** - Continued focus on profit-enhancement initiatives and cost mitigation. - Expect to meet liquidity needs through operations, credit arrangements, and debt securities. - Potential impacts from economic trends, customer payment issues, and regulatory changes. **Liquidity and Capital Resources:** - Total liquidity of $209.5 million as of March 31, 2025. - Adequate resources to meet anticipated cash requirements for at least the next twelve months. - Declines in sales volumes could adversely impact compliance with financial covenants. **Dividends:** - Declared a quarterly dividend of $0.125 per common share, payable on May 16, 2025. - Future dividends dependent on operating results, financial condition, and other factors.