Park-Ohio Industries Inc. Outlook Revised To Positive On Improving Credit Measures; 'B' Rating Affirmed Feb 13
- Language: English
- Published: February 2013
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Research Type: Full Analysis
Significant positions in diverse specialty markets; and Some product, end-market, and customer diversity. Exposure to cyclical, competitive markets; Highly leveraged; and Weak cash flow generation. The ratings on Park-Ohio Industries Inc. reflect the company's highly leveraged financial profile, which more than offsets its business profile as a diversified operator of logistics and manufacturing businesses, serving cyclical and competitive end markets. Cleveland, Ohio-based Park-Ohio, a wholly owned subsidiary of unrated Park-Ohio Holdings Corp., operates three business segments, which serve a variety of end markets, including transportation, semiconductors, industrial equipment, agricultural equipment, construction equipment, and aerospace. The supply technologies segment (formerly known as integrated logistics service), which generated around 48% of sales in the first six months of 2008, supplies production components...
Companies mentioned in this report are: Park-Ohio Industries Inc.
Park-Ohio Industries Inc.