Park Ohio Holdings (PKOH) risk factors, FY2025 10-K

Park Ohio Holdings's FY2025 10-K, filed Mar 05, 2026, lists 27 risk factors in 7 groups. Against the prior year's 26: 1 new, 5 substantially reworded.

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Risk factors listed
277 groups
New this year
1vs 26 last year
Dropped
0since the prior 10-K
Substantially reworded
5of those kept
Section length
6k wordsItem 1A

What the changes say

  • The company added a risk regarding the adoption of AI technologies.
  • Insiders Matthew and Edward Crawford saw their beneficial ownership decrease from 28% to 27%.
  • Unionized employees covered by collective bargaining agreements dropped from approximately 2,100 across eight agreements to 1,200 across three agreements.
  • Goodwill increased from $111.7 million as of December 31, 2024, to $115.8 million as of December 31, 2025.

What changed since the prior 10-K

New

  • NewRisks Relating to Our Business and Operations

    We may be incorporating artificial intelligence (“AI”) technologies into our products, services and processes. These technologies may present business, compliance and reputational risks

    Adopting AI and machine-learning technologies in internal processes, third-party services, and offerings creates potential regulatory, compliance, intellectual property, cybersecurity, and reputational liabilities.

Reworded

  • 41% rewrittenRisks Relating to Our Business and Operations

    Our Supply Technologies customers are generally not contractually obligated to purchase products and services from us

    Added the word abruptly to describe how Supply Technologies customers may decrease or stop purchasing products and services under purchase orders.

  • 36% rewrittenRisks Relating to Our Common Stock

    Our Chairman of the Board, Chief Executive Officer and President and former President collectively beneficially own a significant portion of Holdings’ outstanding common stock and their interests may conflict with yours

    Updated the insider ownership percentage for Matthew Crawford and Edward Crawford from 28% as of December 31, 2024, to 27% as of December 31, 2025.

  • 36% rewrittenRisks Relating to Economic Conditions

    Given the high rates of inflation in the recent past and the possibility of rising inflation rates in the future, we may face raw material price increases and higher labor costs, which could adversely affect our business and operating results, particularly in the Assembly Components segment

    Shifted the heading and focus from recent high inflation to ongoing U.S. tariffs on foreign goods including steel and aluminum.

    Was: Given recent inflationary trends and forecasts for rising inflation rates in the future, we expect further raw material price increases and higher labor costs, which may continue to adversely affect our business and operating results, particularly in the Assembly Components segment

  • 26% rewrittenRisks Relating to Our Business and Operations

    We have a significant amount of goodwill, and any future goodwill impairment charges could adversely impact our results of operations

    Updated the goodwill figure from $111.7 million as of December 31, 2024, to $115.8 million as of December 31, 2025, and changed the financial statement footnote reference from Note 7 to Note 8.

  • 24% rewrittenRisks Relating to Human Capital

    Some of our employees belong to labor unions, and strikes or work stoppages could adversely affect our operations

    Updated union exposure from eight collective bargaining agreements covering approximately 2,100 employees as of December 31, 2024, to three agreements covering approximately 1,200 employees as of December 31, 2025.

All 27 risk factors

Headings as the filing states them, in filing order.

Risks Relating to Economic Conditions

  1. 01The industries in which we operate are cyclical and are affected by the economy in general
  2. 02Adverse credit market conditions may significantly affect our access to capital, cost of capital and ability to meet liquidity needs
  3. 03Adverse global economic conditions may have significant effects on our customers and suppliers that could result in material adverse effects on our business and operating results
  4. 04Given the high rates of inflation in the recent past and the possibility of rising inflation rates in the future, we may face raw material price increases and higher labor costs, which could adversely affect our business and operating results, particularly in the Assembly Components segment36% rewritten

Risks Relating to Our Business and Operations

  1. 05Because a significant portion of our sales is to the automotive and heavy-duty truck industries, a decrease in the demand of these industries or the loss of any of our major customers in these industries could adversely affect our financial health
  2. 06Our Supply Technologies customers are generally not contractually obligated to purchase products and services from us41% rewritten
  3. 07We are dependent on key customers
  4. 08We operate in highly competitive industries
  5. 09Our Supply Technologies business depends upon third parties for substantially all of our component parts
  6. 10The raw materials used in our production processes and by our suppliers of component parts are subject to price and supply fluctuations that could continue to increase our costs of production and adversely affect our results of operations
  7. 11The energy costs involved in our production processes and transportation are subject to fluctuations that are beyond our control and could significantly increase our costs of production
  8. 12We may be incorporating artificial intelligence (“AI”) technologies into our products, services and processes. These technologies may present business, compliance and reputational risksNew
  9. 13Operating problems in our business may materially adversely affect our financial condition and results of operations
  10. 14We have a significant amount of goodwill, and any future goodwill impairment charges could adversely impact our results of operations26% rewritten
  11. 15Our business and operating results may be adversely affected by natural disasters, other catastrophic events or public health issues, all of which are beyond our control
  12. 16The insurance that we maintain may not fully cover all potential expenses

Risks Relating to Human Capital

  1. 17Some of our employees belong to labor unions, and strikes or work stoppages could adversely affect our operations24% rewritten
  2. 18Labor shortages could continue to adversely affect our business, results of operations and financial condition
  3. 19The loss of key executives could adversely impact us

Risks Relating to Legal, Compliance and Regulatory Matters

  1. 20Potential product liability risks exist from the products that we sell
  2. 21We operate and source internationally, which exposes us to the risks of doing business abroad
  3. 22We are subject to significant environmental, health and safety laws and regulations and related compliance expenditures and liabilities
  4. 23We may be exposed to certain regulatory and financial risks related to climate change

Risks Relating to Our Debt

  1. 24Adverse global economic conditions may have significant effects on our customers that would result in our inability to borrow or to meet our debt service coverage ratio in our revolving credit facility

Risks Relating to the Execution of our Strategy

  1. 25We may encounter difficulty in expanding our business through targeted acquisitions
  2. 26We have pursued, and may continue to pursue, targeted acquisition opportunities that we believe would complement our business. We cannot assure you that we will be successful in consummating any acquisitions

Risks Relating to Our Common Stock

  1. 27Our Chairman of the Board, Chief Executive Officer and President and former President collectively beneficially own a significant portion of Holdings’ outstanding common stock and their interests may conflict with yours36% rewritten

Other Park Ohio Holdings 10-Ks

  • FY2024 10-K risk factors
    26 risks

    Park-Ohio’s risk profile is dominated by cyclical automotive and heavy-duty truck market exposure, customer concentration, and raw material cost inflation driven by tariffs.

    Filed Mar 06, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.