# EDGAR Filing Document

**Accession Number:** 0001068148
**File Stem:** 0001068148-26-000006
**Filing Date:** 2026-5
**Character Count:** 80267
**Document Hash:** 300ed2d66f5da1be88fb18c128c478df
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001068148-26-000006.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0001068148-26-000006

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 56

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PARK OHIO INDUSTRIES INC/OH
- **CENTRAL INDEX KEY:** 0001068148
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL FORGING & STAMPINGS [3460]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 346520107
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-43005-01
- **FILM NUMBER:** 26951468

**BUSINESS ADDRESS:**
- **STREET 1:** 6065 PARKLAND BLVD.
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124
- **BUSINESS PHONE:** 4409472210

**MAIL ADDRESS:**
- **STREET 1:** 6065 PARKLAND BLVD.
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124

?xml version='1.0' encoding='ASCII'? pkoh-20260331

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 10-Q** 

(Mark One)

---

| | |
|:---|:---|
| ☑ | **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** |

---

**For the quarterly period ended <u>March 31, 2026</u>** 

**or**

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

**For the transition period from __________ to __________**

**Commission file number: <u>333-43005-01</u>** 

**<u>Park-Ohio Industries, Inc.</u>**

**(Exact name of registrant as specified in its charter)**

---

| | | | |
|:---|:---|:---|:---|
| **Ohio** | **Ohio** | **Ohio** | **34-6520107** |
| **(State or other jurisdiction of incorporation or organization)** | **(State or other jurisdiction of incorporation or organization)** | **(State or other jurisdiction of incorporation or organization)** | |
| **6065 Parkland Boulevard,** | **Cleveland,** | **Ohio** | **(I.R.S. Employer Identification No.)**<br>**44124** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Zip Code)** |

---

**<u>(440) 947-2000</u>**

**(Registrant's telephone number, including area code)**

**<u>Not applicable</u>**

**(Former name, former address and former fiscal year, if changed since last report)**

Securities registered pursuant to Section 12(b) of the Act: None

The registrant meets the conditions set forth in general instruction H(1)(a) and (b) of Form 10-Q and is therefore filing this form in reduced disclosure format.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. ◻ Yes&nbsp;&nbsp;&nbsp;&nbsp; 🗹 No

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). 🗹 Yes&nbsp;&nbsp;&nbsp;&nbsp; ◻ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☐ | Accelerated filer | ☐ |
| Non-accelerated filer | ☑  | Smaller reporting company | ☐ |
| | | Emerging growth company | ☐ |
| &nbsp;&nbsp;&nbsp;&nbsp; If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountings standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | &nbsp;&nbsp;&nbsp;&nbsp; If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountings standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | &nbsp;&nbsp;&nbsp;&nbsp; If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountings standards provided pursuant to Section 13(a) of the Exchange Act. ☐ | &nbsp;&nbsp;&nbsp;&nbsp; If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accountings standards provided pursuant to Section 13(a) of the Exchange Act. ☐ |

---

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes ☑ No

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

All of the outstanding capital stock of the registrant is held by Park-Ohio Holdings Corp. As of April 30, 2026, 100 shares of the registrant's common stock, $1 par value, were outstanding.

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Park-Ohio Industries, Inc. and Subsidiaries**

**Index**

---

| | | |
|:---|:---|:---|
| | | **<u>Page</u>** |
| | **<u>[Part I. Financial Information](#ida6cc11849e446d9aeea27473dfee71b_10)</u>** | |
| Item 1. | <u>[Condensed Consolidated Financial Statements](#ida6cc11849e446d9aeea27473dfee71b_13)</u> | <u>[4](#ida6cc11849e446d9aeea27473dfee71b_13)</u> |
| | <u>[Notes to Condensed Consolidated Financial Statements (Unaudited) — March 31, 2026](#ida6cc11849e446d9aeea27473dfee71b_31)</u> | <u>[9](#ida6cc11849e446d9aeea27473dfee71b_31)</u> |
| Item 2. | <u>[Management's Discussion and Analysis of Financial Condition and Results of Operations](#ida6cc11849e446d9aeea27473dfee71b_106)</u> | <u>[16](#ida6cc11849e446d9aeea27473dfee71b_106)</u> |
| Item 3. | <u>[Quantitative and Qualitative Disclosure About Market Risk](#ida6cc11849e446d9aeea27473dfee71b_136)</u> | <u>[22](#ida6cc11849e446d9aeea27473dfee71b_136)</u> |
| Item 4. | <u>[Controls and Procedures](#ida6cc11849e446d9aeea27473dfee71b_139)</u> | <u>[22](#ida6cc11849e446d9aeea27473dfee71b_139)</u> |
| | **<u>[Part II. Other Information](#ida6cc11849e446d9aeea27473dfee71b_142)</u>** | |
| Item 1. | <u>[Legal Proceedings](#ida6cc11849e446d9aeea27473dfee71b_145)</u> | <u>[24](#ida6cc11849e446d9aeea27473dfee71b_145)</u> |
| Item 1A. | <u>[Risk Factors](#ida6cc11849e446d9aeea27473dfee71b_148)</u> | <u>[25](#ida6cc11849e446d9aeea27473dfee71b_148)</u> |
| Item 6. | <u>[Exhibits](#ida6cc11849e446d9aeea27473dfee71b_154)</u> | <u>[26](#ida6cc11849e446d9aeea27473dfee71b_154)</u> |
| **<u>[Signatures](#ida6cc11849e446d9aeea27473dfee71b_157)</u>** | **<u>[Signatures](#ida6cc11849e446d9aeea27473dfee71b_157)</u>** | <u>[27](#ida6cc11849e446d9aeea27473dfee71b_157)</u> |

---

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Part I. Financial Information** 

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

---

| | |
|:---|:---|
| **Item 1.** | ***Condensed Consolidated Financial Statements*** |

---

**Park-Ohio Industries, Inc. and Subsidiaries**

**Condensed Consolidated Balance Sheets**

---

| | | |
|:---|:---|:---|
| | **(Unaudited)**<br>**March 31,<br>2026** |<br>**December 31,<br>2025** |
| | **(In millions)** | **(In millions)** |
| **ASSETS** | **ASSETS** | **ASSETS** |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $37.3 | $35.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, net | 278.4 | 265.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories, net | 426.6 | 420.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Receivable from affiliates | 39.5 | 39.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other current assets | 119.6 | 121.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 901.4 | 881.9 |
| Property, plant and equipment, net | 201.6 | 198.4 |
| Operating lease right-of-use assets | 38.5 | 41.2 |
| Goodwill | 115.0 | 115.8 |
| Pension assets | 92.8 | 93.3 |
| Other long-term assets | 116.2 | 117.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $1465.5 | $1448.5 |
| **LIABILITIES AND SHAREHOLDER'S EQUITY** | **LIABILITIES AND SHAREHOLDER'S EQUITY** | **LIABILITIES AND SHAREHOLDER'S EQUITY** |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Trade accounts payable | $200.6 | $199.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;Payable to affiliates | 7.2 | 7.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Current portion of long-term debt and short-term debt | 6.4 | 8.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Current portion of operating lease liabilities | 10.5 | 10.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other | 145.4 | 147.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 370.1 | 374.1 |
| Long-term liabilities, less current portion: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term debt | 646.2 | 620.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long-term operating lease liabilities | 28.2 | 30.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other long-term liabilities | 18.6 | 19.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total long-term liabilities | 693.0 | 670.2 |
| Park-Ohio Industries, Inc. and Subsidiaries shareholder's equity | 400.7 | 402.2 |
| Noncontrolling interests | 1.7 | 2.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 402.4 | 404.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholder's equity | $1465.5 | $1448.5 |

---

Refer to the accompanying notes to these unaudited condensed consolidated financial statements.

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Park-Ohio Industries, Inc. and Subsidiaries**

**Condensed Consolidated Statements of Income (Unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| | **(In millions)** | **(In millions)** |
| Net sales | $421 | $405.4 |
| Cost of sales | 348.3 | 337.3 |
| Selling, general and administrative expenses | 51.7 | 48.1 |
| Restructuring and other special charges | 1.3 | 1.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating income | 19.7 | 19.0 |
| Other components of pension and other postretirement benefits income, net | 2.1 | 1.8 |
| Interest expense, net | (12.3) | (11.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations before income taxes | 9.5 | 9.7 |
| Income tax expense | (1.6) | (1.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations | 7.9 | 7.8 |
| Loss attributable to noncontrolling interests | 0.3 | 0.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations attributable to Park-Ohio Industries, Inc. common shareholder | 8.2 | 8.5 |
| Loss from discontinued operations, net of tax | (0.1) | (0.2) |
| Net income attributable to Park-Ohio Industries, Inc. common shareholder | $8.1 | $8.3 |

---

Refer to the accompanying notes to these unaudited condensed consolidated financial statements.

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Park-Ohio Industries, Inc. and Subsidiaries**

**Condensed Consolidated Statements of Comprehensive Income (Unaudited)**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| | **(In millions)** | **(In millions)** |
| Net income attributable to Park-Ohio Industries, Inc. common shareholder before noncontrolling interest | $7.8 | $7.6 |
| Other comprehensive (loss) income, net of tax: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Currency translation | (8.0) | 10.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pension and other postretirement benefits | (1.2) | 0.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other comprehensive (loss) income | (9.2) | 10.4 |
| Total comprehensive (loss) income, net of tax | (1.4) | 18.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Comprehensive loss attributable to noncontrolling interests | 0.3 | 0.7 |
| Comprehensive (loss) income attributable to Park-Ohio Industries, Inc. common shareholder | $(1.1) | $18.7 |

---

Refer to the accompanying notes to these unaudited condensed consolidated financial statements.

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Park-Ohio Industries, Inc. and Subsidiaries**

**Condensed Consolidated Statements of Shareholder's Equity (Unaudited)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Common<br>Stock** | **Additional<br>Paid-In<br>Capital** | **Retained<br>Earnings** | **Accumulated<br>Other<br>Comprehensive Loss** | **Noncontrolling Interest** | **Total** |
| | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** |
| Balance at January 1, 2026 |  | $192.1 | $232.1 | $(22.0) | $2.0 | $404.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive income (loss) |  |  | 8.1 | (9.2) | (0.3) | (1.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense |  | 1.4 |  |  |  | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend paid to parent |  |  | (1.8) |  |  | (1.8) |
| Balance at March 31, 2026 |  | $193.5 | $238.4 | $(31.2) | $1.7 | $402.4 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Common<br>Stock** | **Additional<br>Paid-In<br>Capital** | **Retained<br>Earnings** | **Accumulated<br>Other<br>Comprehensive Loss** | **Noncontrolling Interest** | **Total** |
| | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** |
| Balance at January 1, 2025 |  | $186.6 | $215.2 | $(51.8) | $6.4 | $356.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other comprehensive income (loss) |  |  | 8.3 | 10.4 | (0.7) | 18.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense |  | 1.5 |  |  |  | 1.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dividend paid to parent |  |  | (2.0) |  |  | (2.0) |
| Balance at March 31, 2025 |  | $188.1 | $221.5 | $(41.4) | $5.7 | $373.9 |

---

Refer to the accompanying notes to these unaudited condensed consolidated financial statements.

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Park-Ohio Industries, Inc. and Subsidiaries**

**Condensed Consolidated Statements of Cash Flows (Unaudited)**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| | **(In millions)** | **(In millions)** |
| **OPERATING ACTIVITIES FROM CONTINUING OPERATIONS** |  |  |
| Income from continuing operations | $7.9 | $7.8 |
| Adjustments to reconcile income from continuing operations to net cash used in operating activities from continuing operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 8.3 | 8.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation expense | 1.4 | 1.5 |
| Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | (14.8) | (25.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories | (7.0) | 5.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Prepaid and other current assets | 1.1 | (7.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | (2.1) | (1.8) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | (2.7) | 1.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in operating activities from continuing operations | (7.9) | (10.1) |
| **INVESTING ACTIVITIES FROM CONTINUING OPERATIONS** |  |  |
| Purchases of property, plant and equipment | (12.5) | (9.5) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash used in investing activities from continuing operations | (12.5) | (9.5) |
| **FINANCING ACTIVITIES FROM CONTINUING OPERATIONS** |  |  |
| Proceeds from revolving credit facility, net | 26.2 | 24.2 |
| Payments on other debt | (1.6) | (1.3) |
| Proceeds from other debt | 0.3 | 0.5 |
| Payments on finance lease facilities, net | (0.6) | (1.3) |
| Dividends paid to Parent | (1.8) | (2.0) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by financing activities from continuing operations | 22.5 | 20.1 |
| **DISCONTINUED OPERATIONS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total used by operating activities | (0.1) | (0.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease in cash and cash equivalents from discontinued operations | (0.1) | (0.2) |
| Effect of exchange rate changes on cash | (0.2) | 0.8 |
| Increase in cash and cash equivalents | 1.8 | 1.1 |
| Cash and cash equivalents at beginning of period | 35.5 | 44.1 |
| Cash and cash equivalents at end of period | $37.3 | $45.2 |

---

Refer to the accompanying notes to these unaudited condensed consolidated financial statements.

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Park-Ohio Industries, Inc. and Subsidiaries**

**Notes to Condensed Consolidated Financial Statements (Unaudited)**

**March 31, 2026** 

**NOTE 1 — Basis of Presentation**

The condensed consolidated financial statements include the accounts of Park-Ohio Industries, Inc. and its subsidiaries (collectively, "we," "our" or the "Company"). All intercompany accounts and transactions have been eliminated in consolidation. Park-Ohio Industries, Inc. is a wholly-owned subsidiary of Park-Ohio Holdings Corp. ("Holdings").

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles in the United States ("U.S. GAAP") for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026. The balance sheet at December 31, 2025 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025.

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

**NOTE 2 — New Accounting Pronouncements**

In November 2024, the FASB issued ASU No. 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This guidance requires tabular footnote disclosure of certain operating expenses disaggregated into categories, such as employee compensation, depreciation, and intangible asset amortization, included within each interim and annual income statement's expense caption, as applicable. The effective date of this guidance is for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. We are in the process of evaluating the impact of adopting this guidance on our consolidated financial statement disclosures.

In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (Topic 270): Narrow-scope improvements. The guidance clarifies the scope, form, and content of interim financial statement disclosures and improves the navigability of Topic 270 without changing existing interim reporting requirements. This ASU is effective for fiscal years beginning after December 15, 2027, and interim periods within those annual reporting periods, with early adoption permitted. We are in the process of evaluating the impact of adopting this guidance on our consolidated financial statement disclosures.

No other recently-issued accounting standard updates are expected to have a material impact on our results of operations, financial condition or liquidity.

**NOTE 3 — Revenue**

We disaggregate our revenue by product line and geographic region of our customers as we believe these metrics best depict how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors. See details in the tables below.

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Park-Ohio Industries, Inc. and Subsidiaries**

**Notes to Condensed Consolidated Financial Statements (Unaudited)**

**March 31, 2026**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| | **(In millions)** | **(In millions)** |
| PRODUCT LINE |  |  |
| Supply technologies | $168.9 | $161.1 |
| Engineered specialty fasteners and other products | 26.2 | 26.7 |
| Supply Technologies Segment | 195.1 | 187.8 |
| Fuel, rubber and plastic products | 100.2 | 96.9 |
| Assembly Components Segment | 100.2 | 96.9 |
| Industrial equipment | 92.8 | 90.0 |
| Forged and machined products | 32.9 | 30.7 |
| Engineered Products Segment | 125.7 | 120.7 |
| Total | $421.0 | $405.4 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Supply Technologies Segment** | **Assembly Components Segment** | **Engineered Products Segment** | **Total Revenues** |
| | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** |
| ***Three Months Ended March 31, 2026*** | | | | |
| GEOGRAPHIC REGION |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | $103.4 | $60.0 | $75.2 | $238.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Europe | 46.5 | 4.4 | 20.3 | 71.2 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asia | 20.2 | 8.1 | 20.2 | 48.5 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexico | 20.6 | 16.5 | 2.8 | 39.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada | 3.5 | 9.9 | 4.3 | 17.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 0.9 | 1.3 | 2.9 | 5.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $195.1 | $100.2 | $125.7 | $421.0 |
| ***Three Months Ended March 31, 2025*** |  |  |  |  |
| GEOGRAPHIC REGION |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;United States | $108.6 | $60.1 | $67.2 | $235.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Europe | 40.4 | 4.4 | 14.9 | 59.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asia | 17.7 | 8.4 | 20.2 | 46.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexico | 17.5 | 15.1 | 5.5 | 38.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canada | 3.1 | 7.8 | 9.2 | 20.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other | 0.5 | 1.1 | 3.7 | 5.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $187.8 | $96.9 | $120.7 | $405.4 |

---

For over time arrangements, contract assets primarily relate to revenue recognized in advance of billings to customers under long-term contracts accounted for under percentage of completion. These amounts, which totaled $53.0 million and $49.4 million at March 31, 2026 and December 31, 2025, respectively, are recorded in Other current assets in the Condensed Consolidated Balance Sheets.

------

<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Park-Ohio Industries, Inc. and Subsidiaries**

**Notes to Condensed Consolidated Financial Statements (Unaudited)**

**March 31, 2026**

For over time arrangements, contract liabilities primarily relate to advances or deposits received from the Company's customers before revenue is recognized. These amounts, which totaled $58.4 million and $56.9 million at March 31, 2026 and December 31, 2025, respectively, are recorded in Accrued expenses and other in the Condensed Consolidated Balance Sheets.

**NOTE 4 — Segments**

The Company operates three reportable segments: Supply Technologies, Assembly Components and Engineered Products. The chief operating decision maker is the Company's Chief Executive Officer. For purposes of measuring business segment performance, the chief operating decision maker utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate items that are non-operating; unusual in nature; or corporate costs, which include but are not limited to executive compensation and corporate office costs. Segment operating income reconciles to consolidated income before income taxes by adjusting for corporate costs; other components of pension and other postretirement benefits income, net; and interest expense, net.

Results by business segment were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Supply Technologies** | **Assembly Components** | **Engineered Products** | **Total** |
| | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** |
| | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** |
| Net sales | $195.1 | $100.2 | $125.7 | $421 |
| Cost of sales | 157.9 | 90.0 | 100.4 | 348.3 |
| Gross profit | 37.2 | 10.2 | 25.3 | 72.7 |
| Selling, general and administrative expenses | 19.7 | 4.9 | 19.1 | 43.7 |
| Restructuring and other special charges |  | 0.4 | 0.5 | 0.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Segment operating income | 17.5 | 4.9 | 5.7 | 28.1 |
| Corporate expenses |  |  |  | (8.0) |
| Corporate restructuring and other special charges |  |  |  | (0.4) |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating income |  |  |  | 19.7 |
| Other components of pension and other postretirement benefits income, net |  |  |  | 2.1 |
| Interest expense, net |  |  |  | (12.3) |
| Income from continuing operations before income taxes |  |  |  | $9.5 |
|  | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** |
| Net sales | $187.8 | $96.9 | $120.7 | $405.4 |
| Cost of sales | 153.2 | 85.7 | 98.4 | 337.3 |
| Gross profit | 34.6 | 11.2 | 22.3 | 68.1 |
| Selling, general and administrative expenses | 16.8 | 5.7 | 17.7 | 40.2 |
| Restructuring and other special charges |  | 0.2 | 0.8 | 1.0 |
| &nbsp;&nbsp;&nbsp;&nbsp;Segment operating income | 17.8 | 5.3 | 3.8 | 26.9 |
| Corporate expenses |  |  |  | (7.9) |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating income |  |  |  | 19.0 |
| Other components of pension and other postretirement benefits income, net |  |  |  | 1.8 |
| Interest expense, net |  |  |  | (11.1) |
| Income from continuing operations before income taxes |  |  |  | $9.7 |

---

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**Park-Ohio Industries, Inc. and Subsidiaries**

**Notes to Condensed Consolidated Financial Statements (Unaudited)**

**March 31, 2026**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| Capital expenditures: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Supply Technologies | $3.7 | $4.7 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assembly Components | 2.0 | 1.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Engineered Products | 4.7 | 3.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | 2.1 | 0.3 |
|  | $12.5 | $9.5 |
| Depreciation and amortization: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Supply Technologies | $1.8 | $1.6 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assembly Components | 3.1 | 3.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Engineered Products | 3.1 | 3.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | 0.3 | 0.2 |
|  | $8.3 | $8.3 |
|  | **March 31,<br>2026** | **December 31,<br>2025** |
| Identifiable assets: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Supply Technologies | $501.0 | $489.4 |
| &nbsp;&nbsp;&nbsp;&nbsp;Assembly Components | 300.1 | 293.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Engineered Products | 464.4 | 465.9 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate | 200.0 | 199.9 |
|  | $1465.5 | $1448.5 |

---

**NOTE 5 — Inventories**

Inventories, net consist of the following:

---

| | | |
|:---|:---|:---|
| | **March 31, 2026** | **December 31, 2025** |
| | **(In millions)** | **(In millions)** |
| Raw materials and supplies | $112.0 | $107.5 |
| Work-in-process | 49.7 | 53.3 |
| Finished goods | 264.9 | 260.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;Inventories, net | $426.6 | $420.9 |

---

**NOTE 6 — Income Taxes** 

The Company's tax provision for interim periods is determined using an estimate of its annual effective rate, adjusted for discrete items in each period, if any.

In the three months ended March 31, 2026, income tax expense was $1.6 million on pre-tax income from continuing operations of $9.5 million, representing an effective income tax rate of 17%. In the three months ended March 31, 2025, income tax expense was $1.9 million on pre-tax income of $9.7 million, representing an effective income tax rate of 20%. The rate for the three months ended March 31, 2026 is lower than the statutory rate and the corresponding 2025 rate due primarily to increased federal research and development tax credit benefit.

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**Park-Ohio Industries, Inc. and Subsidiaries**

**Notes to Condensed Consolidated Financial Statements (Unaudited)**

**March 31, 2026**

**NOTE 7 — Financing Arrangements**

Debt consists of the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | | **Carrying Value at** | **Carrying Value at** |
| |<br>**Maturity Date** |<br>**Interest Rate at<br>March 31, 2026** | **March 31, 2026** | **December 31, 2025** |
| | | | **(In millions)** | **(In millions)** |
| Senior Secured Notes | July 31, 2030 | 8.500% | $348.5 | $348.4 |
| Revolving credit facility | July 17, 2030 | 5.27% | 282.8 | 257.4 |
| Finance Leases | Various | Various | 16.0 | 16.6 |
| Other | Various | Various | 11.7 | 13.3 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total debt |  |  | 659.0 | 635.7 |
| Less: Current portion of long-term debt and short-term debt |  |  | (6.4) | (8.3) |
| Less: Unamortized debt issuance costs |  |  | (6.4) | (6.7) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total long-term debt |  |  | $646.2 | $620.7 |

---

In July 2025, the Company completed the issuance of $350.0 million aggregate principal amount of 8.500% Senior Secured Notes due 2030 (the "2030 Notes"), in a private offering. The 2030 Notes were priced at 99.50% of par. The 2030 Notes are senior secured obligations of the Company and are guaranteed (with certain exceptions) by the Company's domestic subsidiaries that guarantee the debt under the Credit Agreement on a senior secured basis.

In July 2025, the Company amended its Seventh Amended and Restated Credit Agreement (the "Credit Agreement"), in order to, among other things, (a) extend the maturity date to the fifth anniversary from the closing of the revolving credit facility amendment, (b) permit the issuance of the 2030 Notes and (c) permit the 2030 Notes to be secured by (i) a first-priority lien on the substantially all of the U.S. equipment (including machinery) of the Company and the Company's existing and future domestic subsidiaries (the "Guarantors") that guarantee debt under the Credit Agreement (the "Notes Priority Collateral") and (ii) a second-priority lien (junior to the Credit Agreement) on substantially all of the U.S. assets of the Company and the Guarantors (including the 65% pledge of the foreign equity owned by the Guarantors), other than assets constituting Notes Priority Collateral, securing the revolving credit facility (the "ABL Priority Collateral"). The Credit Agreement provides for a revolving credit facility in the amount of $405.0 million, including a $40.0 million Canadian revolving subcommitment and a European revolving subcommitment in the amount of $30.0 million. Pursuant to the Credit Agreement, the Company has the option to increase the availability under the revolving credit facility. As of March 31, 2026, we had borrowing availability of $108.4 million under the Credit Agreement.

We had outstanding bank guarantees and letters of credit under our credit arrangements of $30.9 million at March 31, 2026 and $32.7 million at December 31, 2025.

The following table represents fair value information of the 2030 Notes, classified as Level 1 using estimated quoted market prices.

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<u>[**Table of Contents**](#ida6cc11849e446d9aeea27473dfee71b_7)</u>

**Park-Ohio Industries, Inc. and Subsidiaries**

**Notes to Condensed Consolidated Financial Statements (Unaudited)**

**March 31, 2026**

---

| | | |
|:---|:---|:---|
| | **2030 Notes** | **2030 Notes** |
| | **March 31, 2026** | **December 31, 2025** |
| | **(In millions)** | **(In millions)** |
| Carrying amount | $348.5 | $348.4 |
| Fair value | $357.8 | $360.8 |

---

The fair value of the revolving credit facility is equal to its carrying value, as the Company has the ability to repay the outstanding principal at par value at any time. The carrying values of cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term nature of these instruments.

**NOTE 8 — Stock-Based Compensation**

A summary of Holdings' restricted share activity for the three months ended March 31, 2026 is as follows:

---

| | | |
|:---|:---|:---|
| | **2026** | **2026** |
| | **Time-Based** | **Time-Based** |
| | **Number of Shares** | **Weighted Average<br>Grant Date<br>Fair Value** |
| | **(In whole shares)** | |
| Outstanding - beginning of year | 649612 | $20.39 |
| Granted | 1454 | 20.79 |
| Vested | (6013) | 19.21 |
| Canceled or expired | (584) | 21.67 |
| Outstanding - end of period | 644469 | $20.40 |

---

Stock-based compensation is included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Income. Total stock-based compensation expense was $1.4 million and $1.5 million for the three months ended

March 31, 2026 and 2025, respectively. As of March 31, 2026, there was $6.0 million of unrecognized compensation cost related to non-vested stock-based compensation, which is expected to be recognized over a weighted-average period of 1.7 years.

**NOTE 9 — Commitments and Contingencies**

The Company is subject to a variety of claims, suits, investigations and administrative proceedings with respect to commercial, premises liability, product liability, employment, personal injury and environmental matters arising from the ordinary course of business. The Company records a liability for loss contingencies in the consolidated financial statements when a loss is known or considered probable and the amount can be reasonably estimated. Our provisions are based on historical experience, current information and legal advice, and they may be adjusted in the future based on new developments. Estimating probable losses requires the analysis of multiple forecasted factors that often depend on judgments and potential actions by third parties. Although it is not possible to predict with certainty the ultimate outcome or cost of these matters, the Company believes they will not have a material adverse effect on our consolidated financial statements.

Our subsidiaries are involved in a number of contractual and warranty-related disputes. We believe that appropriate liabilities for these contingencies have been recorded; however, actual results may differ materially from our estimates.

In addition to the routine lawsuits and asserted claims noted above, we are also a co-defendant in 118 cases asserting claims on behalf of 162 plaintiffs alleging personal injury as a result of exposure to asbestos. In every asbestos case in which

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**Park-Ohio Industries, Inc. and Subsidiaries**

**Notes to Condensed Consolidated Financial Statements (Unaudited)**

**March 31, 2026**

we are named as a party, the complaints are filed against multiple named defendants. Historically, we have been dismissed from asbestos cases. We intend to vigorously defend these cases and believe we will continue to be successful in being dismissed from such cases.

While it is not possible to predict the ultimate outcome of asbestos-related lawsuits, claims and proceedings due to the unpredictable nature of personal injury litigation, and although our results of operations and cash flows for a particular period could be adversely affected by asbestos-related lawsuits, claims and proceedings, management believes that the ultimate resolution of these matters will not have a material adverse effect on our financial condition, liquidity or results of operations.

**NOTE 10 — Pension and Postretirement Benefits**

The components of pension and other postretirement benefits income, net recognized for the three months ended March 31, 2026 and 2025 were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Pension Benefits** | **Pension Benefits** | **Postretirement Benefits** | **Postretirement Benefits** |
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** | **2026** | **2025** |
| | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** |
| Service costs | $1.3 | $1.0 | $— | $— |
| Interest costs | 0.9 | 0.9 |  |  |
| Expected return on plan assets | (3.1) | (2.8) |  |  |
| Recognized net actuarial loss | 0.1 | 0.1 |  |  |
| Net periodic benefit (income) expense | $(0.8) | $(0.8) | $— | $— |

---

**NOTE 11 — Accumulated Other Comprehensive Loss** 

The components of and changes in accumulated other comprehensive loss for the three months ended March 31, 2026 and 2025 were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **Cumulative Translation Adjustment** | **Pension and Postretirement Benefits** | **Total** | **Cumulative Translation Adjustment** | **Pension and Postretirement Benefits** | **Total** |
| | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** | **(In millions)** |
| | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2026** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** | **Three Months Ended March 31, 2025** |
| Beginning balance | $(20.3) | $(1.7) | $(22.0) | $(46.4) | $(5.4) | $(51.8) |
| Currency translation<sup>(a)</sup> | (8.0) |  | (8.0) | 10.2 |  | 10.2 |
| Pension and OPEB activity, net of tax |  | (1.2) | (1.2) |  | 0.2 | 0.2 |
| Ending balance | $(28.3) | $(2.9) | $(31.2) | $(36.2) | $(5.2) | $(41.4) |

---

(a)No income taxes were provided on currency translation as foreign earnings are considered permanently reinvested.

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---

| | |
|:---|:---|
| **Item 2.** | ***Management's Discussion and Analysis of Financial Condition and Results of Operations*** |

---

Our condensed consolidated financial statements include the accounts of Park-Ohio Industries, Inc. and its subsidiaries (collectively, "we," "our," or the "Company"). All significant intercompany transactions have been eliminated in consolidation. Park-Ohio Industries, Inc. is a wholly-owned subsidiary of Park-Ohio Holdings Corp. ("Holdings").

**EXECUTIVE OVERVIEW**

We are a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. We operate through three reportable segments: Supply Technologies, Assembly Components and Engineered Products.

Supply Technologies provides our customers with Total Supply Management™, a proactive solutions approach that manages the efficiencies of every aspect of supplying production parts and materials to our customers' manufacturing floor, from strategic planning to program implementation. Total Supply Management™ includes such services as engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing services and ongoing technical support. Our Supply Technologies business services customers in the following principal industries: heavy-duty truck; power sports and recreational equipment; aerospace and defense; semiconductor equipment; electrical distribution and controls; consumer electronics; bus and coaches; automotive; agricultural and industrial equipment; HVAC; lawn and garden; plumbing; and medical devices.

Assembly Components manufactures products oriented towards fuel efficiency and reduced emission standards. Assembly Components designs, develops and manufactures aluminum products and highly efficient, high pressure direct fuel injection fuel rails and pipes; fuel filler pipes that route fuel from the gas cap to the gas tank; flexible multi-layer plastic and rubber assemblies used to transport fuel from the vehicle's gas tank and then, at extreme high pressure, to the engine's fuel injector nozzles. Our product offerings include gasoline direct injection systems and fuel filler assemblies, and industrial hose and injected molded rubber and plastic components. Our products are primarily used in the following industries: including automotive and light-vehicle; agricultural equipment; construction equipment; heavy-duty truck; and bus.

Engineered Products operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of highly-engineered products, including induction heating and melting systems, pipe threading systems, inverters and forged and machined products. Engineered Products also produces and provides services and spare parts for the equipment it manufactures. The principal customers of Engineered Products are OEMs, sub-assemblers and end users in the following industries: ferrous and non-ferrous metals; coatings; forging; foundry; heavy-duty truck; construction equipment; automotive; oil and gas; rail; aerospace and defense; and power generation.

Sales and operating income for these three segments are provided in Note 4 to the condensed consolidated financial statements, included elsewhere herein.

As part of its ongoing portfolio optimization strategy, the Company is engaging in a formal review of strategic alternatives for its Southwest Steel Processing ("SSP") business, including a potential sale or other transaction. SSP is part of our Forged and Machined Products group within the Engineered Products segment. This review reflects our continued focus on aligning capital and resources toward higher-growth, higher-margin opportunities across our portfolio. The Company has not set a deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance that this review process will result in any transaction or particular outcome.

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**RESULTS OF CONTINUING OPERATIONS**

**Three Months Ended March 31, 2026 Compared with Three Months Ended March 31, 2025**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** | | |
| | **2026** | **2025** |<br>**$ Change** |<br>**% Change** |
| | **(Dollars in millions)** | **(Dollars in millions)** | **(Dollars in millions)** | **(Dollars in millions)** |
| Net sales | $421 | $405.4 | $15.6 | 3.8% |
| Cost of sales | 348.3 | 337.3 | 11.0 | 3.3% |
| Selling, general and administrative ("SG&A") expenses | 51.7 | 48.1 | 3.6 | 7.5% |
| *SG&A expenses as a percentage of net sales* | *12.3 %* | *11.9 %* |  |  |
| Restructuring and other special charges | 1.3 | 1.0 | 0.3 | 30.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Operating income | 19.7 | 19.0 | 0.7 | 3.7% |
| Other components of pension and other postretirement benefits income, net | 2.1 | 1.8 | 0.3 | 16.7% |
| Interest expense, net | (12.3) | (11.1) | (1.2) | 10.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations before income taxes | 9.5 | 9.7 | (0.2) | (2.1)% |
| Income tax expense | (1.6) | (1.9) | 0.3 | (15.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations | 7.9 | 7.8 | 0.1 | 1.3% |
| Loss attributable to noncontrolling interests | 0.3 | 0.7 | (0.4) | (57.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Income from continuing operations attributable to Park-Ohio Industries, Inc. common shareholder | $8.2 | $8.5 | $(0.3) | (3.5)% |

---

***Net Sales***

Net sales increased 3.8% to $421.0 million in the first three months of 2026 compared to $405.4 million in the same period in 2025. This increase was primarily due to higher customer demand in each of our business segments.

The factors explaining the changes in segment net sales for the three months ended March 31, 2026 compared to the corresponding 2025 period are contained in the "Segment Results" section below.

***Cost of Sales and Gross Margin***

Cost of sales increased to $348.3 million in the first three months of 2026 compared to $337.3 million in the same period in 2025, driven by the increase in net sales described above. Gross margin was 17.3% in the 2026 period compared to 16.8% in the corresponding 2025 period. The year-over-year gross margin increase was driven by the increase in net sales described above and ongoing profit-enhancement activities throughout the company.

***SG&A Expenses***

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SG&A expenses were $51.7 million in the first three months of 2026, compared to $48.1 million in the same period in 2025. As a percentage of net sales, SG&A expenses were 12.3% in the first three months of 2026 compared to 11.9% in the comparable period in 2025. The increases were driven by ongoing inflation and higher employee costs.

***Restructuring and Other Special Charges***

During the first three months of 2026, the Company recorded $1.3 million in connection with restructuring and other special charges, which included $0.4 million in our Assembly Components segment, $0.5 million in our Engineered Products segment and $0.4 million at Corporate.

During the first three months of 2025, the Company recorded $1.0 million in connection with restructuring and other special charges, primarily in our Engineered Products segment.

***Other Components of Pension and OPEB Income, Net***

Other components of pension and OPEB income, net was $2.1 million in the first three months of 2026 compared to $1.8 million in the corresponding period in 2025. This increase was due to higher return on plan assets in 2026 compared to 2025.

***Interest Expense, Net***

Interest expense, net was $12.3 million in the first three months of 2026 compared to $11.1 million in the 2025 period. The increase was due primarily to the higher rate of 8.500% on our 2030 Notes compared to the 6.625% Senior Notes due 2027 and higher average outstanding debt balances in the 2026 period compared to the same period a year ago, partially offset by lower rates on our revolving credit facility

***Income Tax Expense***

In the three months ended March 31, 2026, income tax expense was $1.6 million on pre-tax income from continuing operations of $9.5 million, representing an effective income tax rate of 17%. In the three months ended March 31, 2025, income tax expense was $1.9 million on pre-tax income of $9.7 million, representing an effective income tax rate of 20%. The rate for the three months ended March 31, 2026 is lower than the statutory rate and the corresponding 2025 rate due primarily to increased federal research and development tax credit benefit.

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**SEGMENT RESULTS**

For purposes of measuring business segment performance, the chief operating decision maker utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate items that are non-operating; unusual in nature; or corporate costs, which include but are not limited to executive compensation and corporate office costs. Segment operating income reconciles to consolidated income before income taxes by adjusting for corporate costs; other components of pension and other postretirement benefits income, net; and interest expense, net.

**Supply Technologies Segment**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| | **(Dollars in millions)** | **(Dollars in millions)** |
| Net sales | $195.1 | $187.8 |
| Segment operating income | $17.5 | $17.8 |
| Segment operating income margin | 9.0% | 9.5% |

---

Net sales increased 3.9% in the three months ended March 31, 2026 compared to the 2025 period driven by higher demand in the power sports, semiconductor, aerospace and defense, electrical and agriculture end markets, as well as higher tariffs in the 2026 first quarter compared to last year's quarter.

Segment operating income was steady year-over-year, finishing at $17.5 million in the three months ended March, 31 2026 compared to $17.8 million in the 2025 period. Segment operating income margin was 50 basis points lower in the 2026 period compared to the same period a year ago due primarily to higher tariffs in the 2026 period, which impacted gross margins.

**Assembly Components Segment**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| | **(Dollars in millions)** | **(Dollars in millions)** |
| Net sales | $100.2 | $96.9 |
| Segment operating income | $4.9 | $5.3 |
| Segment operating income margin | 4.9% | 5.5% |

---

Net sales increased 3.4% in the three months ended March 31, 2026 compared to the 2025 period, due primarily to increased unit volumes on new business launched throughout 2025.

The decrease in operating income and margin in the 2026 period was due to higher restructuring and other special charges, which increased by $0.2 million in the 2026 period compared to the 2025 period. Excluding these charges, operating income was steady year-over-year.

**Engineered Products Segment**

---

| | | |
|:---|:---|:---|
| | **Three Months Ended March 31,** | **Three Months Ended March 31,** |
| | **2026** | **2025** |
| | **(Dollars in millions)** | **(Dollars in millions)** |
| Net sales | $125.7 | $120.7 |
| Segment operating income | $5.7 | $3.8 |
| Segment operating income margin | 4.5% | 3.1% |

---

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Net sales increased 4.1% in the 2026 period compared to the 2025 period. The increase was driven by higher customer demand in the defense, steel production, mining, power generation and electrification-related end markets.

Segment operating income in the 2026 period increased by $1.9 million compared to the corresponding 2025 period, and operating margins in the 2026 first quarter were up 140 basis points compared to the corresponding 2025 quarter, driven by the higher sales and operational improvement in both our capital equipment and forged and machined products groups.

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**Seasonality; Variability of Operating Results**

The timing of orders placed by our customers has varied with, among other factors, orders for customers' finished goods, customer production schedules, competitive conditions and general economic conditions. The variability of the level and timing of orders has, from time to time, resulted in significant periodic and quarterly fluctuations in the operations of our businesses. Such variability is particularly evident in our capital equipment business, included in the Engineered Products segment, which typically ships large systems at a relatively lower pace than our other businesses.

**Critical Accounting Policies**

Our critical accounting policies are described in "Item. 7 Management's Discussion and Analysis of Financial Condition and Results of Operations," and in the notes to our consolidated financial statements for the year ended December 31, 2025, both contained in our Annual Report on Form 10-K for the year ended December 31, 2025. There were no new critical accounting policies or updates to existing critical accounting policies as a result of new accounting pronouncements in this Quarterly Report on Form 10-Q.

The application of our critical accounting policies may require management to make judgments and estimates about the amounts reflected in the condensed consolidated financial statements. Management uses historical experience and all available information to make these estimates and judgments, and different amounts could be reported using different assumptions and estimates.

**Forward-Looking Statements**

This Quarterly Report on Form 10-Q contains certain statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. The words "believes", "anticipates", "plans", "expects", "intends", "estimates" and similar expressions are intended to identify forward-looking statements.

These forward-looking statements, including statements regarding future performance of the Company, that are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: the outcome of our strategic review of the SSP business; the impact supply chain and logistic issues have on our business, results of operations, financial position and liquidity; our substantial indebtedness; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of labor disturbances affecting our customers; raw material availability and pricing; fluctuations in energy costs; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate recent and future acquisitions into existing operations; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including those related to the current global uncertainties and crises, such as tariffs and surcharges; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities, or geopolitical unrest; public health issues, including the outbreak of infectious diseases and any impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; potential disruption due to a partial or complete reconfiguration of the European Union; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment or import and export controls and other trade barriers; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; and the other factors we describe under "Item 1A. Risk Factors" included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved.

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| **Item 3.** | ***Quantitative and Qualitative Disclosure About Market Risk*** |

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We are exposed to market risk, including changes in interest rates. As of March 31, 2026, we are subject to interest rate risk on borrowings under the floating rate revolving credit facility provided by our Credit Agreement. A 100-basis-point increase in the interest rate would have resulted in an increase in interest expense on these borrowings of approximately $0.7 million during the three-month period ended March 31, 2026.

Our foreign subsidiaries generally conduct business in local currencies. We face translation risks related to the changes in foreign currency exchange rates. Amounts invested in our foreign operations are translated in U.S. dollars at the exchange rates in effect at the balance sheet date. The resulting translation adjustments are recorded as a component of Accumulated other comprehensive loss in the Shareholder's Equity section of the accompanying Condensed Consolidated Balance Sheets. Sales and expenses at our foreign operations are translated into U.S. dollars at the applicable monthly average exchange rates. Therefore, changes in exchange rates may either positively or negatively affect our net sales and expenses from foreign operations as expressed in U.S. dollars.

Our largest exposures to commodity prices relate to metal and rubber compounds, which have fluctuated widely in recent years. In 2026 and 2025, we entered into agreements to hedge foreign currency. These agreements did not have a material impact on the results of the Company. We have no other commodity swap agreements or forward purchase contracts.

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|:---|:---|
| **Item 4.** | ***Controls and Procedures*** |

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**Evaluation of disclosure controls and procedures.**

Under the supervision of and with the participation of our management, including our chief executive officer and chief financial officer, we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15(d)-15(e) under the Exchange Act) as of the end of the period covered by this Quarterly Report. Based on that evaluation, our chief executive officer and chief financial officer have concluded that, as of the end of the period covered by this Quarterly Report, our disclosure controls and procedures were effective.

**Changes in internal control over financial reporting.**

During the quarter ended March 31, 2026, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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**Part II. Other Information**

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| **Item 1.** | ***Legal Proceedings*** |

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We are involved in a variety of claims, suits, investigations and administrative proceedings with respect to commercial, premises liability, product liability, employment, personal injury and environmental matters arising from the ordinary course of business. While any such claims, suits, investigations and proceedings involve an element of uncertainty, in the opinion of management, liabilities, if any, arising from currently pending or threatened litigation are not expected to have a material adverse effect on our financial condition, liquidity or results of operations.

In addition to the routine lawsuits and asserted claims noted above, we were a party to the lawsuits and legal proceedings described below as of March 31, 2026:

We were a co-defendant in 118 cases asserting claims on behalf of 162 plaintiffs alleging personal injury as a result of exposure to asbestos. These asbestos cases generally relate to production and sale of asbestos-containing products and allege various theories of liability, including negligence, gross negligence and strict liability, and seek compensatory and, in some cases, punitive damages.

In every asbestos case in which we are named as a party, the complaints are filed against multiple named defendants. In substantially all of the asbestos cases, the plaintiffs either claim damages in excess of a specified amount, typically a minimum amount sufficient to establish jurisdiction of the court in which the case was filed (jurisdictional minimums generally range from $25,000 to $75,000), or do not specify the monetary damages sought. To the extent that any specific amount of damages is sought, the amount applies to claims against all named defendants.

Historically, we have been dismissed from asbestos cases on the basis that the plaintiff incorrectly sued one of our subsidiaries or because the plaintiff failed to identify any asbestos-containing product manufactured or sold by us or our subsidiaries. We intend to vigorously defend these asbestos cases, and believe we will continue to be successful in being dismissed from such cases. However, it is not possible to predict the ultimate outcome of asbestos-related lawsuits, claims and proceedings due to the unpredictable nature of personal injury litigation. Despite this uncertainty, and although our results of operations and cash flows for a particular period could be adversely affected by asbestos-related lawsuits, claims and proceedings, management believes that the ultimate resolution of these matters will not have a material adverse effect on our financial condition, liquidity or results of operations. Among the factors management considered in reaching this conclusion were: (a) our historical success in being dismissed from these types of lawsuits on the bases mentioned above; (b) many cases have been improperly filed against one of our subsidiaries; (c) in many cases the plaintiffs have been unable to establish any causal relationship to us or our products or premises; (d) in many cases, the plaintiffs have been unable to demonstrate that they have suffered any identifiable injury or compensable loss at all or that any injuries that they have incurred did in fact result from alleged exposure to asbestos; and (e) the complaints assert claims against multiple defendants and, in most cases, the damages alleged are not attributed to individual defendants. Additionally, we do not believe that the amounts claimed in any of the asbestos cases are meaningful indicators of our potential exposure because the amounts claimed typically bear no relation to the extent of the plaintiff's injury, if any.

Our cost of defending these lawsuits has not been material to date and, based upon available information, our management does not expect its future costs for asbestos-related lawsuits to have a material adverse effect on our results of operations, liquidity or financial position.

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| **Item 1A.** | ***Risk Factors*** |

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There have been no material changes in the risk factors previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025. Investors should not interpret the disclosure of any risk factor to imply that the risk has not already materialized.

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|:---|:---|
| **Item 5.** | ***Other Information*** |

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On May 5, 2026, the Compensation Committee of the Board of Directors of the Company adopted the 2026 Supplemental Executive Retirement Plan of Park-Ohio Industries, Inc., which is an unfunded deferred compensation plan for key employees (the "Supplemental Plan"). Participants in the account balance feature of the Company's qualified pension plan (the "Pension Plan"), including the Company's named executive officers, may be credited with unfunded supplemental retirement benefits under the Supplemental Plan based on the portion of their annual compensation above the annual compensation limit set by the IRS (the "IRS Limit"). The Supplemental Plan is designed to restore benefits for participants who are restricted due to the IRS Limit applicable to the Pension Plan and, beginning in 2026, any eligible pay earned by participants in excess of the IRS Limit will generate pay credits, at the same rate applicable to the Pension Plan, to their balance in the Supplemental Plan ("Pay Credits"). Participants become vested in the Supplemental Plan benefits after five years of service with the Company, which are credited from their start date. In addition, participants will be credited with an initial amount in their Supplemental Plan account balances, reflecting, among other things, years of prior service and the amount of prior retirement benefits excluded because of the IRS Limit ("Restoration Credit"). The Restoration Credits for the Company's named executive officers are as follows: Matthew V. Crawford, Chairman, Chief Executive Officer and President - $275,000; Patrick W. Fogarty, Vice President and Chief Financial Officer - $370,000; and Robert D. Vilsack, Chief Legal and Administrative Officer, Corporate Secretary - $370,000.

These Supplemental Plan benefits are expected to have an immaterial impact on the Company's financial position and results of operations. The foregoing description of the Supplemental Plan is qualified in its entirety by reference to the full text of such plan and the related amendment to the Pension Plan, which are filed as Exhibits 10.1 and 10.2, respectively, to this Quarterly Report on Form 10-Q, and which are incorporated herein by reference thereto.

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| **Item 6.** | ***Exhibits*** |

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The following exhibits are included herein:

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|:---|:---|
| &nbsp;&nbsp;&nbsp;10.1 | <u>[2026 Supplemental Executive Retirement Plan of Park-Ohio Industries, Inc. (filed as Exhibit 10.1 to the Form 10-Q of Park-Ohio Holdings Corp. for the quarter ended March 31, 2026, SEC File No. 000-03134 and incorporated herein by reference and made a part hereof)](https://www.sec.gov/Archives/edgar/data/76282/000007628226000013/a2026supplementalexecutive.htm)</u> |
| &nbsp;&nbsp;&nbsp;10.2 | <u>[Fifteenth Amendment to the 2019 Park-Ohio Industries, Inc. and Subsidiaries Pension Plan (filed as Exhibit 10.1 to the Form 10-Q of Park-Ohio Holdings Corp. for the quarter ended March 31, 2026, SEC File No. 000-03134 and incorporated herein by reference and made a part hereof)](https://www.sec.gov/Archives/edgar/data/76282/000007628226000013/fifteenthamendmenttopensio.htm)</u> |
| &nbsp;&nbsp;&nbsp;31.1 | <u>[Principal Executive Officer's Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](pkohi20260331-ex311.htm)</u> |
| &nbsp;&nbsp;&nbsp;31.2 | <u>[Principal Financial Officer's Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002](pkohi20260331-ex312.htm)</u> |
| &nbsp;&nbsp;&nbsp;32 | <u>[Certification requirement under Section 906 of the Sarbanes-Oxley Act of 2002](pkohi20260331-ex32.htm)</u> |
| 101.INS | Inline XBRL Instance Document |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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|:---|:---|
| PARK-OHIO INDUSTRIES, INC. | PARK-OHIO INDUSTRIES, INC. |
| (Registrant) | (Registrant) |
| By: | /s/ Patrick W. Fogarty |
| Name: | Patrick W. Fogarty |
| Title: | Vice President and Chief Financial Officer<br>(Principal Financial and Accounting Officer) |

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Date: May 7, 2026

## Exhibit 31.1

**Exhibit 31.1**

**.PRINCIPAL EXECUTIVE OFFICER'S CERTIFICATIONS** 

**PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002** 

I, Matthew V. Crawford, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.I have reviewed this quarterly report on Form 10-Q of Park-Ohio Industries, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

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|:---|:---|
| By: | /s/ Matthew V. Crawford |
| Name: | Matthew V. Crawford |
| Title: | Chairman, Chief Executive Officer and President |

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Dated: May 7, 2026

## Exhibit 31.2

**Exhibit 31.2**

**PRINCIPAL EXECUTIVE OFFICER'S CERTIFICATIONS** 

**PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002** 

I, Patrick W. Fogarty, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.I have reviewed this quarterly report on Form 10-Q of Park-Ohio Industries, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

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|:---|:---|
| By: | /s/ Patrick W. Fogarty |
| Name: | Patrick W. Fogarty |
| Title: | Vice President and Chief Financial Officer |

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Dated: May 7, 2026

## Exhibit 32.1

**Exhibit 32**

**CERTIFICATION PURSUANT TO** 

**18 U.S.C. SECTION 1350,** 

**AS ADOPTED PURSUANT TO** 

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002** 

In connection with the quarterly report of Park-Ohio Industries, Inc. (the "Company") on Form 10-Q for the period ended March 31, 2026, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to such officer's knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods expressed in the Report.

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|:---|:---|
| By: | /s/ Matthew V. Crawford |
| Name: | Matthew V. Crawford |
| Title: | Chairman, Chief Executive Officer and President |
| By: | /s/ Patrick W. Fogarty |
| Name: | Patrick W. Fogarty |
| Title: | Vice President and Chief Financial Officer |

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Dated: May 7, 2026

The foregoing certification is being furnished solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Report or as a separate disclosure document.

<br>