Park-Ohio Holdings Corp. (PKOH): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a company can thrive by managing supply chains and manufacturing diverse products?

Park-Ohio Holdings Corp. (PKOH), a diversified industrial supply chain logistics and manufacturing business, stands as a testament to this, with over 130 facilities worldwide and revenues exceeding $1.7 billion.

With a legacy dating back to 1907, Park-Ohio operates through three primary segments: Supply Technologies, Assembly Components, and Engineered Products, serving industries such as automotive, aerospace, and heavy-duty trucks; keep reading to discover how Park-Ohio has become a trusted partner for the world's leading manufacturers, optimizing their production workflows and enhancing product quality for over a century.

Park-Ohio Holdings Corp. (PKOH) History

Park-Ohio Holdings Corp. Founding Timeline

Year established

The company was effectively established in 1907 with the founding of Park Drop Forge Company.

Original location

The original location was in Cleveland, Ohio.

Founding team members

While specific names of the very original founders aren't highlighted in recent sources, the Park Drop Forge Company was the foundation. Edward F. Pretz was a significant figure who later became Chairman and CEO, playing a crucial role in the company's development and strategic direction.

Initial capital/funding

Information regarding the initial capital or funding for Park Drop Forge Company is not available in the provided search results.

Park-Ohio Holdings Corp. Evolution Milestones

Park-Ohio Holdings Corp. Transformative Moments

• Strategic Acquisitions: Park-Ohio has grown significantly through acquisitions, expanding its capabilities and market presence. Key acquisitions like Ohio Crankshaft, Tuthill Fasteners, Ajax Magnethermic, Erico Products Inc., and LogiSource have broadened its offerings and customer base.
• Diversification into Supply Chain Management: The acquisition of Supply Technologies in 2006 marked a transformative moment, establishing a strong foothold in supply chain management solutions.
• Going Public: Listing on NASDAQ in 1992 provided access to capital markets, fueling further growth and acquisitions.
• Leadership Transition: The leadership of Edward F. Pretz was crucial in guiding the company through strategic changes and growth periods.

For more in-depth insights into Park-Ohio's investor profile, you might find this resource helpful: Exploring Park-Ohio Holdings Corp. (PKOH) Investor Profile: Who’s Buying and Why?

Park-Ohio Holdings Corp. (PKOH) Ownership Structure

Park-Ohio Holdings Corp. features a mix of institutional and retail ownership, influencing its strategic decisions and corporate governance.

Park-Ohio Holdings Corp.'s Current Status

Park-Ohio Holdings Corp. is a publicly traded company, meaning its shares are available for purchase on the open market. It is traded on the NASDAQ under the ticker symbol PKOH.

Park-Ohio Holdings Corp.'s Ownership Breakdown

The ownership of Park-Ohio Holdings Corp. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. Here’s a detailed breakdown:

Park-Ohio Holdings Corp.'s Leadership

The leadership team at Park-Ohio Holdings Corp. is responsible for setting the strategic direction of the company and overseeing its operations. Key members of the leadership team as of 2024 include:

• Matthew V. Crawford: Chairman, President and Chief Executive Officer
• Patrick W. Fogarty: Executive Vice President and Chief Financial Officer
• Edward F. Crawford: Vice Chairman

For more insights into the company's financial standing, consider reading Breaking Down Park-Ohio Holdings Corp. (PKOH) Financial Health: Key Insights for Investors.

Park-Ohio Holdings Corp. (PKOH) Mission and Values

Park-Ohio Holdings Corp. aims to deliver supply chain management excellence and provide value-added products to its customers, guided by a commitment to integrity, customer satisfaction, and continuous improvement.

Park-Ohio Holdings Corp.'s Core Purpose

Official mission statement

Park-Ohio Holdings Corp. does not have a singular, formally published mission statement. Instead, its purpose can be understood through its strategic objectives and operational focus:

• To be a leading provider of supply chain management services.
• To deliver value-added products, specifically in the areas of fasteners and engineered components.
• To achieve customer satisfaction through quality and efficiency.

Vision statement

Park-Ohio Holdings Corp.'s vision is reflected in its approach to growth and market leadership:

• Expanding market presence through strategic acquisitions and organic growth. In 2024, they completed several acquisitions to enhance their service offerings.
• Maintaining a strong financial position to support long-term investments and shareholder value. The company reported revenues of $1.8 billion in fiscal year 2024.
• Focusing on innovation and technology to improve supply chain solutions. They invested $15 million in R&D in 2024 to enhance their service capabilities.

Company slogan/tagline

Park-Ohio Holdings Corp. does not have a widely publicized official slogan or tagline. However, their business activities and communications suggest a focus on:

• Supply chain efficiency and reliability.
• Engineering excellence and precision manufacturing.
• Customer-centric solutions tailored to meet specific industry needs.

For more insights into Park-Ohio Holdings Corp., explore: Exploring Park-Ohio Holdings Corp. (PKOH) Investor Profile: Who’s Buying and Why?

Park-Ohio Holdings Corp. (PKOH) How It Works

Park-Ohio Holdings Corp. operates through three segments: Supply Technologies, Assembly Components, and Engineered Products. It leverages its expertise in these areas to provide comprehensive solutions to its customers, focusing on value-added services and products.

Park-Ohio's Product/Service Portfolio

Park-Ohio's Operational Framework

Park-Ohio Holdings Corp. drives value creation through several key operational processes:

• Supply Chain Optimization: Managing the procurement and delivery of fasteners and other components to customer facilities. This includes vendor managed inventory (VMI) programs, ensuring timely delivery, and reducing carrying costs for customers.
• Engineering and Design Support: Providing engineering services to design and develop custom components, including rubber, plastic, and metal parts. This involves close collaboration with customers to meet specific performance requirements.
• Manufacturing Excellence: Operating manufacturing facilities that produce a range of engineered products, including induction heating systems and forged components. These facilities use advanced manufacturing techniques to ensure high quality and efficiency.
• Global Footprint: Maintaining a global presence with operations in North America, Europe, and Asia. This allows Park-Ohio to serve multinational customers and leverage cost-effective manufacturing locations.

Park-Ohio's Strategic Advantages

Park-Ohio Holdings Corp. maintains its competitive edge through several strategic advantages:

• Comprehensive Service Offering: Park-Ohio provides a broad array of supply chain management and manufacturing solutions, making it a one-stop shop for many customers. This comprehensive offering enhances customer relationships and increases revenue opportunities.
• Strong Customer Relationships: The company focuses on building long-term relationships with its customers by providing value-added services and customized solutions. These relationships provide a stable revenue base and opportunities for growth.
• Diversified End Markets: Park-Ohio serves a variety of end markets, including automotive, industrial, aerospace, and oil & gas. This diversification reduces the company’s dependence on any single industry and mitigates risk.
• Acquisition Strategy: Park-Ohio has a history of acquiring companies that complement its existing businesses. This strategy allows the company to expand its product offerings, enter new markets, and achieve synergies.

To learn more about the ownership and investor profile of Park-Ohio Holdings Corp., check out this in-depth analysis: Exploring Park-Ohio Holdings Corp. (PKOH) Investor Profile: Who’s Buying and Why?

Park-Ohio Holdings Corp. (PKOH) How It Makes Money

Park-Ohio Holdings Corp. primarily generates revenue through the supply chain management and manufacturing of various industrial products.

Park-Ohio Holdings Corp.'s Revenue Breakdown

While detailed percentage breakdowns for specific revenue streams are not available, Park-Ohio operates through three main segments:

Park-Ohio Holdings Corp.'s Business Economics

The company's business economics are influenced by several factors:

• Supply Chain Management: Park-Ohio leverages its supply chain expertise to provide cost-effective solutions for its customers.
• Manufacturing Capabilities: The company's manufacturing operations allow it to produce a wide range of products, catering to diverse industrial needs.
• End-Market Demand: Demand in the automotive, heavy-duty truck, and general industrial sectors significantly impacts Park-Ohio's revenue.
• Strategic Acquisitions: Park-Ohio has historically grown through acquisitions, expanding its product offerings and market reach.

Park-Ohio Holdings Corp.'s Financial Performance

Key aspects of Park-Ohio's financial performance include:

• Revenue Generation: The company's revenue is tied to the cyclical nature of the industries it serves.
• Profitability: Profit margins are influenced by factors such as raw material costs, production efficiency, and pricing strategies.
• Debt Management: Park-Ohio's debt levels and interest expenses impact its financial flexibility and overall profitability.
• Cash Flow: Strong cash flow generation is essential for funding operations, investments, and potential acquisitions.

For more insights into Park-Ohio's investor profile, you can explore: Exploring Park-Ohio Holdings Corp. (PKOH) Investor Profile: Who’s Buying and Why?

Park-Ohio Holdings Corp. (PKOH) Market Position & Future Outlook

Park-Ohio Holdings Corp. navigates a competitive landscape with a strategic focus on supply chain management and manufacturing solutions. The company is poised to capitalize on emerging market opportunities while addressing potential challenges to sustain growth and enhance shareholder value.

Competitive Landscape

Note: Market share percentages are approximate and based on industry reports and estimates for the industrial distribution and manufacturing sectors as of 2024. Actual figures may vary.

Opportunities & Challenges

Industry Position

Park-Ohio Holdings Corp. holds a significant position within the industrial supply chain and manufacturing sectors, characterized by:

• A focus on specialized engineered products and services that cater to specific customer needs.
• A diversified customer base across various industries, reducing reliance on any single sector.
• Strategic acquisitions to expand capabilities and market reach.

To gain deeper insights into the company's mission, vision, and core values, explore: Mission Statement, Vision, & Core Values of Park-Ohio Holdings Corp. (PKOH).