PKOHMEDIUM SIGNALFINANCIAL10-K

PKOH experienced declining profitability with operating income down 23% and net income falling 25%, while interest expenses rose substantially due to increased debt servicing costs.

The combination of reduced operating performance and higher financing costs suggests margin pressure and potentially challenging operating conditions. The company maintained investment levels with capital expenditures up 28%, indicating continued commitment to growth despite near-term headwinds.

Comparing 2026-03-05 vs 2025-03-06View on EDGAR →
FINANCIAL ANALYSIS

PKOH's financial performance deteriorated meaningfully in 2025, with both operating income and net income declining by approximately 25% while interest expenses rose substantially by one-third. Despite lower cash balances, stockholders' equity grew 15%, and the company increased capital spending by 28%, suggesting management remains focused on long-term investment while navigating current profitability challenges. The overall picture indicates operational headwinds offset by continued strategic investment and a solid balance sheet foundation.

FINANCIAL STATEMENT CHANGES
Interest Expense
P&L
+33.4%
$33.8M→$45.1M

Interest expense surged 33.4% — significant debt increase or rising rates materially impacting earnings.

Capital Expenditure
Cash Flow
+28.3%
$31.4M→$40.3M

Capex increased 28.3% — ongoing investment in capacity or infrastructure for future growth.

Net Income
P&L
-25.2%
$31.8M→$23.8M

Net income declined 25.2% — review whether driven by operations, interest costs, or non-recurring items.

Operating Income
P&L
-23.4%
$86.6M→$66.3M

Operating profitability softening — costs rising faster than revenue, watch for margin recovery plan.

Cash & Equivalents
Balance Sheet
-15.6%
$53.1M→$44.8M

Cash decreased 15.6% — monitor burn rate and upcoming capital needs.

Stockholders Equity
Balance Sheet
+15.1%
$330.8M→$380.9M

Equity base grew 15.1% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-03-05
PRIOR — 2025-03-06
ADDED
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 67 9A.
As of December 31, 2025, we employed approximately 6,300 people.
For the year ended December 31, 2025, approximately 56% of Supply Technologies net sales were to domestic customers.
Supply Technologies markets and sells to over 7,000 customers domestically and internationally.
For the year ended December 31, 2025, approximately 61% of Assembly Components net sales were to domestic customers.
The five largest customers of Assembly Components accounted for approximately 53% and 55% of segment sales for 2025 and 2024, respectively.
For the year ended December 31, 2025, approximately 57% of Engineered Products net sales were to domestic customers.
We have incurred from time to time, and are presently incurring, costs and obligations for correcting environmental noncompliance and remediating environmental conditions at certain of our properties.
Approximately 2,400 of these employees are in the United States, while the remaining 3,900 are employed in other countries.
Approximately 20% of our employees are covered by a collective bargaining agreement.
REMOVED
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 68 9A.
As of December 31, 2024, we employed approximately 6,300 people.
For the year ended December 31, 2024, approximately 57% of Supply Technologies net sales were to domestic customers.
Supply Technologies markets and sells to over 7,500 customers domestically and internationally.
Supply Technologies competes primarily on the basis of its Total Supply Management approach, including engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing services and ongoing technical support, and its geographic reach, extensive product selection, price and reputation for high service levels.
For the year ended December 31, 2024, approximately 66% of Assembly Components net sales were to domestic customers.
The five largest customers of Assembly Components accounted for approximately 55% and 57% of segment sales for 2024 and 2023, respectively.
For the year ended December 31, 2024, approximately 54% of Engineered Products net sales were to domestic customers.
We sell induction heating and other capital equipment to component manufacturers and OEMs in the ferrous and non-ferrous metals, silicon, coatings, forging, foundry, automotive, truck, construction equipment and oil and gas industries.
In general, we have not experienced difficulty in complying with environmental laws in the past, and compliance with environmental laws has not had a material adverse effect on our financial condition, liquidity and results of operations.
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