Financial Analysis

Acquisitions In February 2024, the Company acquired all of the outstanding shares of EMA Indutec GmbH (EMA), headquartered in Meckesheim, Germany, from the Aichelin Group, headquartered in Modling, Austria. EMA, which is included in our Engineered Products segment, is a leading manufacturer of induction heating equipment and converters and operates through its two locations in Meckesheim, Germany and Beijing, China. The purchase price, net of cash acquired, was $11.0 million. The allocation of the purchase price of EMA is summarized as follows: (In millions) Accounts receivable $ 6.0 Inventories 4.7 Other current assets 0.5 Property, plant and equipment 1.3 Goodwill 3.9 Intangibles 6.8 Other assets 0.1 Accounts payable and accrued expenses (10.0) Deferred income tax liability (2.3) Total purchase price, net of cash acquired $ 11.0 During 2024 and 2023, the Company paid $3.0 million and $2.9 million, respectively, as scheduled, related to deferred purchase price for the 2022 acquisitions of Charter Automotive (Changzhou) Co. Ltd. and Southern Fasteners & Supply, Inc. …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

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 claims, suits, investigations and proceedings and asserted claims noted above, we are also a co-defendant in approximately 116 cases asserting claims on behalf of approximately 160 plaintiffs alleging personal injury as a result of exposur …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

We disaggregate our revenue by product line and geographic region of our customer, as we believe these criteria 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. Year Ended December 31, 2025 2024 2023 PRODUCT LINE Supply Technologies $ 645.9 $ 663.3 $ 661.7 Engineered specialty fasteners and other products 101.6 112.5 101.7 Supply Technologies Segment 747.5 775.8 763.4 Fuel, rubber and plastic products 380.6 398.7 427.8 Assembly Components Segment 380.6 398.7 427.8 Industrial equipment and aftermarket 359.7 353.9 335.1 Forged and machined products 111.3 127.8 133.4 Engineered Products Segment 471.0 481.7 468.5 Total revenues $ 1,599.1 $ 1,656.2 $ 1,659.7

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Stock-Based Compensation The Company follows the provisions of ASC 718, Compensation Stock Compensation (ASC 718), which requires all share-based payments to employees to be recognized in the income statement based on their grant date fair values. Compensation expense for awards with service conditions only that are subject to graded vesting is recognized on a straight-line basis over the term of the vesting period. A summary of activity for the year ended December 31, 2025 is as follows: Time-Based Number of Shares Weighted Average Grant Date Fair Value (in whole shares) Outstanding beginning of year 675,727 $ 21.07 Granted (a) 288,260 17.84 Vested (292,855) 19.55 Cancelled or expired (21,520) 19.12 Outstanding end of year 649,612 $ 20.39 (a) Included in the granted amount are 2,422 restricted share units. The Company recognized compensation expense of $5.5 million, $5.6 million and $6.5 million for the years ended December 31, 2025, 2024 and 2023, respectively, related to stock-based awards. The total fair value of restricted shares and share units that vested during the years ended December 31, 2025, 2024 and 2023 was $5.7 million, $5.9 million and $6.9 million, respectively. As of December 31, 2025, the Company had unrecognized compensation expense of $7.3 million related to restricted shares. The unrecognized compensation expense is expected to be recognized over a total weighted average period of 1.9 years. …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Income Taxes (Loss) income from continuing operations before income taxes consists of the following: Year Ended December 31, 2025 2024 2023 United States $ (21.3) $ (5.9) $ 0.2 Outside the United States 45.1 50.3 41.3 $ 23.8 $ 44.4 $ 41.5 Income tax expense consists of the following: Year Ended December 31, 2025 2024 2023 Current expense: Federal $ 0.3 $ 2.8 $ 1.7 State 1.0 1.1 0.1 Foreign 15.4 15.6 13.9 16.7 19.5 15.7 Deferred (benefit) expense: Federal (9.1) (11.9) (7.1) State (0.7) (1.8) (1.2) Foreign (4.1) (0.9) 1.1 (13.9) (14.6) (7.2) Income tax expense $ 2.8 $ 4.9 $ 8.5 In 2025, the effective income tax rate of 11.8% was less than the U.S. statutory rate of 21%, primarily as a result of the tax benefit of the research and development tax credit partially offset by the impact of non-deductible expenses Several countries in which Park-Ohio Holdings does business have proposed or enacted new tax laws or are actively considering changes to their tax laws to align with the Organization for Economic Co-operation and Development (OECD) proposals. For tax year 2025, the impact for those countries in which Park-Ohio Holdings operates who have enacted Pillar Two laws was not material to income tax expense. We will continue to monitor and reflect the impact of such legislative changes in future financial statements as appropriate. In 2024, the effective tax rate of 11.0% was less than the U.S. statutory rate of 21%, primarily as a result of the tax benefit of the research and deve …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Lease Arrangements We lease manufacturing facilities, warehouse space, office space, machinery and equipment, information technology equipment and vehicles under operating leases. We also lease one building and numerous machinery and equipment under finance leases. For operating leases with terms greater than 12 months, we record the operating right-of-use asset and related lease liability at the present value of lease payments over the lease term. In certain real estate leases, we have options to renew lease terms, generally at our sole discretion. We evaluate renewal options at the lease commencement date to determine if we are reasonably certain to exercise the option on the basis of economic factors. The discount rate implicit in our operating leases is generally not determinable, and therefore the Company determines the discount rate for each lease based on its incremental borrowing rate. The incremental borrowing rate is calculated based on lease term, currency and collateral adjustments. During 2025, the Company obtained right-of-use assets in exchange for new operating lease liabilities of $12.2 million. Balance Sheet as of December 31, 2025 and 2024 Classification on the Balance Sheet December 31, 2025 December 31, 2024 Assets Operating lease assets Operating lease right-of-use assets $ 41.2 $ 40.3 Finance lease assets Property, plant and equipment, net 20.8 22.1 Total lease assets $ 62.0 $ 62.4 Liabilities Current Operating Current portion of operating lease liabili …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Financing Arrangements Debt consists of the following: Carrying Value at Maturity Date Interest Rate at December 31, 2025 December 31, 2025 December 31, 2024 Senior Secured Notes July 31, 2030 8.500% $ 348.4 $ Senior Notes April 15, 2027 6.625% 350.0 Revolving credit facility July 17, 2030 5.19% 257.4 248.6 Finance leases Various Various 16.6 17.0 Other Various Various 13.3 13.1 Total debt 635.7 628.7 Less: Current portion of long-term debt and short-term debt (8.3) (8.4) Less: Unamortized debt issuance costs (6.7) (2.0) Total long-term debt, net $ 620.7 $ 618.3 On July 31, 2025, Park-Ohio Industries, Inc. (Park-Ohio) completed the issuance of $350 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 Park-Ohio and are guaranteed (with certain exceptions) by Park-Ohio's domestic subsidiaries that guarantee the debt under the Credit Agreement on a senior secured basis. Park-Ohio used the net proceeds from the offering of the 2030 Notes, along with cash on hand, to redeem all $350.0 million aggregate principal amount of 6.625% Senior Notes due 2027 (the 2027 Notes) and pay related fees and expenses. On July 17, 2025, Park-Ohio 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 amendmen …

LongTermDebtTextBlock · excerpt; the full note is in the filing

Accounting Standards Adopted In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This guidance requires additional annual disclosures for income taxes. This guidance will not affect the recognition, measurement or financial statement presentation. The amendments are effective for fiscal years beginning after December 15, 2024. Refer to Note 11 for the additional disclosures. Accounting Standards Not Yet Adopted 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 statements 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. No other recently issued ASUs are expected to have a material impact on our results of operations, financial condition or liquidity. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Pensions and Postretirement Benefits The Company and its subsidiaries have pension plans, principally noncontributory defined benefit or noncontributory defined contribution plans, covering substantially all employees. In addition, the Company has an unfunded postretirement benefit plan. One of its defined benefit plans, covering most U.S. employees not covered by collective bargaining agreements, utilizes a cash balance formula. Under a cash balance formula, a plan participant accumulates a retirement benefit consisting of pay credits that are based upon a percentage of current eligible earnings and current interest credits. For the remaining defined benefit plans, benefits are based on the employees years of service. For the defined contribution plans, the costs charged to operations and the amount funded are based upon a percentage of the covered employees compensation. The Company's objectives for the pension plan are to monitor the funded ratio; create general investment goals with regard to acceptable risk and liquidity needs ensuring the long-term interests of participants and beneficiaries are considered; and manage risk by minimizing the short-term and long-term risk of actual expenses and contribution requirements. The following tables set forth the changes in benefit obligation, plan assets, funded status and amounts recognized in the consolidated balance sheet for the defined benefit pension and postretirement benefit plans as of December 31, 2025 and 2024: Pensio …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

Plant Closure and Consolidation During 2025, in connection with its ongoing profit-improvement actions, the Company recorded plant closure and consolidation costs totaling $2.6 million across all three of its segments. During 2024, the Company consolidated an Assembly Components facility and closed an Engineered Products operation in Ohio. In connection with these actions, the Company received cash proceeds of $11.5 million and recorded a gain on sale of assets of $2.5 million, which is included on a separate line in the Consolidated Statements of Income. During 2023, the Company incurred the following expenses related to plant closure and consolidation in connection with its profit-improvement actions across its businesses. The actions in the Assembly Components segment were primarily in connection with actions taken to close and consolidate its extrusion operations in Ohio, to relocate certain production to lower-cost facilities with open capacity, and to complete other cost-reduction actions. The actions in the Engineered Product segment were primarily in connection with plant closure and consolidation of a facility in Ohio, and to complete other cost-reduction actions in this segment. Facility Related Costs Severance and Other Total 2023: Assembly Components $ 0.5 $ $ 0.5 Engineered Products 2.7 1.9 4.6 Total $ 3.2 $ 1.9 $ 5.1 The Company sold certain real estate for cash proceeds and gains on sales as follows. Gains are recorded on a separate line in the Consolidated Sta …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

Revenue Substantially all of the Companys contracts have a single performance obligation to transfer products to or, in limited cases, perform services for the customer. Accordingly, the Company recognizes revenue when its obligations under the contract terms are satisfied and control transfers to the customer. Revenue is recognized at an amount that reflects the consideration the Company expects to receive in exchange for the good or service, including estimated provisions for rebates, discounts, returns and allowances. The Company sells its products both directly to customers, and in limited cases, through distributors, generally under agreements with payment terms between 30-90 days. The Company has no financing components. The majority of the Companys revenue is derived from contracts (i) with an original contract length of one year or less, or (ii) for which it recognizes revenue at the amount at which it has the right to invoice as products or services are delivered. The Company has elected the practical expedient not to disclose the value of remaining performance obligations associated with these types of contracts. The Company also has certain contracts which contain performance obligations that are immaterial in the context of the contract with the customer. The Company has elected the practical expedient not to assess whether these promised goods or services are performance obligations. Supply Technologies provides our customers with Total Supply Management, a proac …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

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 expenses. Segment operating income reconciles to consolidated income before income taxes by adjusting for corporate expenses; loss on extinguishment of debt; gains on sales of assets; other unallocated expenses; other components of pension and other postretirement benefits income, net; and interest expense, net. Results by business segment were as follows: Year Ended December 31, 2025 Supply Technologies Assembly Components Engineered Products Total (In millions) Net sales $ 747.5 $ 380.6 $ 471.0 $ 1,599.1 Cost of sales 605.9 338.8 383.2 1,327.9 Selling, general and administrative expenses 67.9 19.9 70.5 158.3 Restructuring and other special charges 1.4 2.8 1.8 6.0 Asset impairment charges 8.9 8.9 Segment operating income $ 72.3 $ 19.1 $ 6.6 98.0 Corporate expenses (31.3) Corporate restructuring and other special charges (0.4) Operating income 66.3 Other components of pension and other postretirement benefits income, net 7.0 Interest expense, net (47.5) Loss on extingui …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Summary of Significant Accounting Policies Consolidation and Basis of Presentation: Park-Ohio Holdings Corp. (ParkOhio, we or the Company) is 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. The Company operates three reportable segments: Supply Technologies, Assembly Components and Engineered Products. The consolidated financial statements include the accounts of the Company and all of its majority-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company does not have off-balance sheet arrangements or financing with unconsolidated entities or other persons, other than the letters of credit disclosed in Note 10. The Company leases certain real properties owned by related parties as described in Note 14. Transactions with related parties are not material to the Companys financial position, results of operations or cash flows. Accounting Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Actual results could differ from those estimates. Cash Equivalents: The Company considers all highly liquid investments with an original maturity of th …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Subsequent EventsOn January 26, 2026, the Company's Board of Directors declared a quarterly dividend of $0.125 per common share. The dividend was paid on February 20, 2026, to shareholders of record as of the close of business on February 6, 2026 and resulted in cash payments of $1.8 million.

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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 119 cases asserting claims on behalf of 163 plaintiffs alleging personal injury as a result of exposure to asbestos. In every asbestos case in which we are named as a …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

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. Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 (In millions) PRODUCT LINE Supply technologies $ 158.9 $ 165.5 $ 481.3 $ 506.9 Engineered specialty fasteners and other products 26.6 29.0 79.1 87.1 Supply Technologies Segment 185.5 194.5 560.4 594.0 Fuel, rubber and plastic products 97.0 98.7 289.0 309.0 Assembly Components Segment 97.0 98.7 289.0 309.0 Industrial equipment 89.6 96.5 271.7 269.7 Forged and machined products 26.5 27.9 83.0 95.1 Engineered Products Segment 116.1 124.4 354.7 364.8 Total $ 398.6 $ 417.6 $ 1,204.1 $ 1,267.8 Supply Technologies Segment Assembly Components Segment Engineered Products Segment Total Revenues (In millions) Three Months Ended September 30, 2025 GEOGRAPHIC REGION United States $ 103.5 $ 56.9 $ 59.2 $ 219.6 Europe 41.7 4.0 25.0 70.7 Asia 19.2 7.3 17.6 44.1 Mexico 17.7 16.6 2.9 37.2 Canada 3.2 8.3 8.3 19.8 Other 0.2 3.9 3.1 7.2 Total $ 185.5 $ 97.0 $ 116.1 $ 398.6 Three Months Ended September 30, 2024 GEOGRAPHIC REGION United States $ 111.1 $ 64.6 $ 64.9 $ 240.6 Europe 36.2 4.2 20.7 61.1 Asia 23.5 7.7 25.7 56.9 Mexico 18.7 13.3 5.0 37.0 Canada 3.6 7.7 7.2 18.5 Other 1.4 1.2 0.9 3.5 Total $ 194.5 $ 98.7 $ 124.4 $ 417.6 Supply Technologies Seg …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation A summary of restricted share activity for the nine months ended September 30, 2025 is as follows: 2025 Time-Based Number of Shares Weighted Average Grant Date Fair Value (In whole shares) Outstanding - beginning of year 675,727 $ 21.07 Granted (a) 286,869 17.83 Vested (280,935) 19.41 Canceled or expired (15,748) 18.27 Outstanding - end of period 665,913 $ 20.44 (a) - Included in this amount are 2,422 restricted share units. Stock-based compensation is included in Selling, general and administrative expenses in the Condensed Consolidated Statements of Income. Total stock-based compensation expense was $1.3 million and $1.4 million for the three months ended September 30, 2025 and 2024, respectively. Total stock-based compensation expense was $4.1 million in both the nine months ended September 30, 2025 and 2024. As of September 30, 2025, there was $8.8 million of unrecognized compensation cost related to non-vested stock-based compensation, which is expected to be recognized over a weighted-average period of 2.0 years.

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Income Taxes The Companys 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 September 30, 2025, income tax benefit was $0.4 million on pre-tax income from continuing operations of $4.5 million. The tax benefit in the three-month period is primarily due to federal research and development tax credits benefit (R&D benefit). In the nine months ended September 30, 2025, income tax expense was $3.3 million on pre-tax income of $24.9 million, representing an effective income tax rate of 13%. The effective income tax rate of 13% differed from the U.S. statutory rate primarily due to the R&D benefit. In the three months ended September 30, 2024, income tax benefit was $0.6 million on pre-tax income from continuing operations of $12.6 million. The tax benefit in the three-month period included a benefit of $2.4 million primarily due to changes in estimates related to the prior year quarter's federal R&D benefit. In the nine months ended September 30, 2024, income tax expense was $5.3 million on pre-tax income of $40.0 million, representing an effective income tax rate of 13%. The effective income tax rate of 13% differed from the U.S. statutory rate primarily due to the R&D benefit. On July 4, 2025, the One Big Beautiful Bill Act (OBBA) was enacted into law. The OBBA contains several key tax law changes, including extensions and modifications of t …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Financing Arrangements Debt consists of the following: Carrying Value at Maturity Date Interest Rate at September 30, 2025 September 30, 2025 December 31, 2024 (In millions) Senior Notes July 31, 2030 8.500 % $ 348.3 $ Senior Notes April 15, 2027 6.625 % $ 350.0 Revolving credit facility July 17, 2030 5.59 % 297.3 248.6 Finance Leases Various Various 15.3 17.0 Other Various Various 13.6 13.1 Total debt 674.5 628.7 Less: Current portion of long-term debt and short-term debt (8.3) (8.4) Less: Unamortized debt issuance costs (7.1) (2.0) Total long-term debt $ 659.1 $ 618.3 On July 31, 2025, Park-Ohio Industries, Inc. (Park-Ohio) 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 Park-Ohio and are guaranteed (with certain exceptions) by Park-Ohio's domestic subsidiaries that guarantee the debt under the Credit Agreement on a senior secured basis. Park-Ohio used the net proceeds from the offering of the 2030 Notes, along with cash on hand, to redeem all $350.0 million aggregate principal amount of its outstanding 6.625% Senior Notes due 2027 (the 2027 Notes) and pay related fees and expenses. On July 17, 2025, Park-Ohio 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 t …

LongTermDebtTextBlock · excerpt; the full note is in the filing

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This guidance requires additional annual disclosures for income taxes. This guidance will not affect the recognition, measurement or financial statement presentation. The amendments are effective for fiscal years beginning after December 15, 2024. We are in the process of evaluating the impact of adopting this guidance on our consolidated financial statement disclosures. 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 statements 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. No other recently-issued accounting standard updates are expected to have a material impact on our results of operations, financial condition or liquidity. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Pension and Postretirement Benefits The components of pension and other postretirement benefits income, net recognized for the three and nine months ended September 30, 2025 and 2024 were as follows: Pension Benefits Postretirement Benefits Three Months Ended September 30, Nine Months Ended September 30, Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 2025 2024 2025 2024 (In millions) Service costs $ 1.2 $ 1.0 $ 3.1 $ 3.3 $ $ $ $ Interest costs 0.9 0.9 2.6 2.6 0.1 0.1 0.2 Expected return on plan assets (2.9) (2.7) (8.5) (8.0) (0.1) (0.1) (0.2) Recognized net actuarial loss 0.2 0.6 0.5 1.4 0.1 0.1 0.1 0.2 Net periodic benefit (income) expense $ (0.6) $ (0.2) $ (2.3) $ (0.7) $ 0.1 $ 0.1 $ 0.1 $ 0.2 …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

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. Three Months Ended September 30, Nine Months Ended September 30, 2025 2024 2025 2024 (In millions) PRODUCT LINE Supply technologies $ 158.9 $ 165.5 $ 481.3 $ 506.9 Engineered specialty fasteners and other products 26.6 29.0 79.1 87.1 Supply Technologies Segment 185.5 194.5 560.4 594.0 Fuel, rubber and plastic products 97.0 98.7 289.0 309.0 Assembly Components Segment 97.0 98.7 289.0 309.0 Industrial equipment 89.6 96.5 271.7 269.7 Forged and machined products 26.5 27.9 83.0 95.1 Engineered Products Segment 116.1 124.4 354.7 364.8 Total $ 398.6 $ 417.6 $ 1,204.1 $ 1,267.8 Supply Technologies Segment Assembly Components Segment Engineered Products Segment Total Revenues (In millions) Three Months Ended September 30, 2025 GEOGRAPHIC REGION United States $ 103.5 $ 56.9 $ 59.2 $ 219.6 Europe 41.7 4.0 25.0 70.7 Asia 19.2 7.3 17.6 44.1 Mexico 17.7 16.6 2.9 37.2 Canada 3.2 8.3 8.3 19.8 Other 0.2 3.9 3.1 7.2 Total $ 185.5 $ 97.0 $ 116.1 $ 398.6 Three Months Ended September 30, 2024 GEOGRAPHIC REGION United States $ 111.1 $ 64.6 $ 64.9 $ 240.6 Europe 36.2 4.2 20.7 61.1 Asia 23.5 7.7 25.7 56.9 Mexico 18.7 13.3 5.0 37.0 Canada 3.6 7.7 7.2 18.5 Other 1.4 1.2 0.9 3.5 Total $ 194.5 $ 98.7 $ 124.4 $ 417.6 Supply Technolo …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

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 Corporate Total (In millions) Three Months Ended September 30, 2025 Net sales $ 185.5 $ 97.0 $ 116.1 $ $ 398.6 Cost of sales 150.0 86.6 95.4 332.0 Gross profit 35.5 10.4 20.7 66.6 Selling, general and administrative expenses 17.1 4.4 17.0 8.0 46.5 Restructuring and other special charges 1.0 1.3 0.3 0.2 2.8 Operating income 17.4 4.7 3.4 (8.2) 17.3 Other components of pension and other postretirement benefits income, net 1.7 Interest expense, net (12.5) Loss on extinguishment of debt (2.0) Income from continuing operations before income taxes $ 4.5 Three Months End …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Subsequent Events On October 31, 2025, the Company's Board of Directors declared a quarterly dividend of $0.125 per common share. The dividend will be paid on November 28, 2025 to shareholders of record as of the close of business on November 14, 2025 and will result in a cash outlay of approximately $1.8 million.

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