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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The ratings on Cleveland, Ohio-based Park-Ohio Industries Inc. reflect the company's highly leveraged financial risk profile and its weak business risk profile as a diversified operator of logistics and manufacturing businesses, serving cyclical and competitive end markets. Park-Ohio, a wholly owned subsidiary of unrated Park-Ohio Holdings Corp., operates three business segments that 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 about half of the company's sales in 2008, supplies production components via supply-chain management and wholesale distribution services. The manufacturing products segment (about 37% of sales) designs and produces forged and machined products for specific customer applications. The aluminum...
Companies mentioned in this report are: Park-Ohio Industries Inc.
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Park-Ohio Industries Inc.