Park-Ohio Industries Inc.
Standard & Poors, September 2001
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Research Type: Full Analysis
Abstract
The ratings on Park-Ohio Industries Inc. reflect the company's leading niche positions in fragmented and cyclical markets, combined with an aggressively leveraged financial profile. The company operates diversified logistics and manufacturing businesses serving a variety of industrial markets. The fast-growing logistics segment accounts for 60% of total sales, supplying fasteners and related products, via supply chain management and wholesale distribution services, to companies in the transportation, electrical, and lawn and garden equipment industries. Manufacturing operations, which account for 40% of total sales, include various aluminum components such as transmission pump housings, pinion carriers, and other products supplied primarily to automotive manufacturers. Other manufactured products include crankshafts and camshafts, custom-engineered heating systems, and molded rubber products sold to the aerospace, railroad,...
Companies mentioned in this report are: Park-Ohio Industries Inc.
Action: Review
Park-Ohio Industries Inc.
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