On this page of StockholderLetter.com we present the 4/13/2023 shareholder letter from PARK OHIO HOLDINGS CORP — ticker symbol PKOH. Reading current and past PKOH letters to shareholders can bring important insights into the investment thesis.
2022 Annual Report
To Our Fellow Shareholders: Our Company had record growth in 2022 despite a challenging period highlighted by in ation, supply chain challenges and other disruptions. We emerge as a leaner and more pro table entity. As we look to the future, we see continued growth and opportunity particularly in the North American manufacturing sector as we see substantial opportunities in infrastructure, energy transition and key traditional markets which have only recently begun to recover. Matthew V. Crawford Chairman, Chief Executive Of cer and President Net Sales from Con nuing Opera ons (in billions) $1.5 $1.3 $1.2 2020 2021 2022 Ship to Sales by Geographic Region 8% 2023 Es mate Sales by Business Segment 1% United States 4% 26% Asia 14% Europe Mexico 63% Other Supply Technologies Assembly Components Canada 10% 48% 26% Engineered Products
12 2 $" # 2. '(2$ 2 # *()'.2 -% ' # 2 # 2) #*' 2 )2 2 12 +$) # 2 )$, ' (2 - *) $#2, ) 2# ,2 '( %2) ! #)2 )2) 2 ( " #)2! + !2 12 2 # *()' (2( '+ 2 12 *%%$') 2 .2 2 !$ !2 $$)%' #)2$ 2 2 ! ) (2 12 #)2 # 2$# $ # 2 $$)%' #)2$%) " 0 ) $#2 # 2$% ' ) $# 2 "%'$+ " #)2 ) $#(2 12 -%$(*' 2)$2!$# ) '"2 '$,) 2)' # (2(* 2 (2 ! )' ) $# 2 ' # , ! 2 # ' / 2! ) , ) # 2 '$(% 2 2 #( 2 # 2 # ' " #) !2 # ' ()'* )*' 2(% # 2 12 $"% #.2(% 2 '$,) 2() "" # 2 '$"2 ) '" ' )2(% # 2 '$((2 #2 # 2 (( )2 ( 2 % ).2 ) $#( 2 (2, ! 2 (2%'$ * )2 ##$+ ) $#2 # 2 -% #( $#2 12 + '2), #).2 &* ( ) $#(2( # 2 2 # !* # 2),$2 #2 2 12 #.2$ 2) 2 # *()' !2" ' )(2 2 $"% ) (2 #2 ' 2 ' " #) 2 , 2 ' ) 2$%%$')*# ) (2 $'2 *. # 2(" ! '2# 2 $"% # (2) )2 # # 2" ' )2( ' 2 '$,) 2 # 2%'$ ) ).2
2022 FORM 10-K
 • shareholder letter icon 4/13/2023 Letter Continued (Full PDF)
 • stockholder letter icon 4/17/2024 PKOH Stockholder Letter
 • stockholder letter icon 4/8/2025 PKOH Stockholder Letter
 • stockholder letter icon 4/2/2026 PKOH Stockholder Letter
 • stockholder letter icon More "Industrial Machinery & Equipment" Category Stockholder Letters
 • Benford's Law Stocks icon PKOH Benford's Law Stock Score = 84


PKOH 4/13/2023 Shareholder/Stockholder Letter Transcript:

2022 Annual Report

To Our Fellow Shareholders:
Our Company had record growth in 2022 despite a challenging period highlighted by in   ation, supply chain challenges
and other disruptions. We emerge as a leaner and more pro   table entity. As we look to the future, we see continued
growth and opportunity particularly in the North American manufacturing sector as we see substantial opportunities
in infrastructure, energy transition and key traditional markets which have only recently begun to recover.
Matthew V. Crawford
Chairman, Chief Executive Of   cer and President
Net Sales from Con nuing Opera ons
(in billions)
$1.5
$1.3
$1.2
2020
2021
2022
Ship to Sales by Geographic Region
8%
2023 Es mate
Sales by Business Segment
1%
United States
4%
26%
Asia
14%
Europe
Mexico
63%
Other
Supply
Technologies
Assembly
Components
Canada
10%
48%
26%
Engineered
Products





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(  " #)2! + !2


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 "%'$+ " #)2  ) $#(2

12
-%$(*' 2)$2!$#  ) '"2 '$,) 2)' # (2(*  2 (2 !  )'     ) $# 2
' # ,  ! 2 # ' / 2!   ) ,    ) #  2  '$(%   2 2    #(  2 # 2
 # ' " #) !2 # ' ()'* )*' 2(% # 2
12
$"% #.2(%      2 '$,) 2() "" # 2 '$"2  ) '" '  )2(% # 2  '$((2
 #2   # 2 (( )2  (  2  %   ).2    ) $#( 2 (2, ! 2 (2%'$ * )2 ##$+ ) $#2
 # 2 -% #( $#2



12  + '2), #).2  &* ( ) $#(2( #  2    2 # !*  # 2),$2 #2    2
12   #.2$ 2)  2 # *()'  !2" '  )(2     2 $"% ) (2 #2 ' 2 '  " #)   2
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 #  #  2" '  )2(  ' 2 '$,) 2 # 2%'$  )     ).2
















2022 FORM 10-K


shareholder letter icon 4/13/2023 Letter Continued (Full PDF)
 

PKOH Stockholder/Shareholder Letter (PARK OHIO HOLDINGS CORP) 4/13/2023 | www.StockholderLetter.com
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