Park-Ohio (NASDAQ: PKOH) posts Q1 2026 growth and reviews SSP unit
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported a 4% increase in Q1 2026 net sales to $421.0 million, with growth across all three segments and improved gross margin. The company is actively reviewing strategic alternatives, including a potential sale, for its Southwest Steel Processing (SSP) business, which has net assets of approximately $45 million. Park-Ohio reaffirmed its full-year 2026 guidance, with anticipated net sales of $1.675–$1.710 billion and adjusted diluted EPS of $2.90–$3.20.