Park-Ohio Holdings Corp. (PKOH) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.359 Welcome to the Park Ohio Holdings Group Third Quarter 2025 Results 00:00:05.359 -- 00:00:07.482 Conference Call and Webcast. 00:00:07.482 -- 00:00:10.386 At this time, all participants are in listen-only mode. 00:00:10.386 -- 00:00:13.871 A question and answer session will follow the formal presentation. 00:00:13.871 -- 00:00:17.556 You may be placed into question queue at any time by pressing star 1 on your telephone 00:00:17.556 -- 00:00:19.359 keypad. 00:00:19.359 -- 00:00:23.204 If anyone should require operator assistance, please press star 0. 00:00:23.204 -- 00:00:25.883 As a reminder, this conference is being recorded. 00:00:25.883 -- 00:00:29.708 It's now my pleasure to turn the floor over to Chairman and CEO, Matt Crawford. 00:00:29.708 -- 00:00:31.991 Please go ahead, sir. 00:00:31.991 -- 00:00:35.416 Thank you, Kevin, and welcome to our third quarter call. 00:00:35.416 -- 00:00:39.401 Our third quarter was highlighted by our continued transformation into a leaner, more 00:00:39.401 -- 00:00:42.425 predictable business through the business cycle. 00:00:42.425 -- 00:00:46.932 While many end markets, particularly here in the U.S., where we derive a majority of 00:00:46.932 -- 00:00:51.978 our sales, showed mixed demand, we were able to demonstrate consistent operating profit 00:00:51.978 -- 00:00:55.698 and margin performance. While we do 00:00:55.698 -- 00:01:00.124 not anticipate a meaningful rebound in demand during the fourth quarter, we do expect 00:01:00.124 -- 00:01:04.010 to build on these initiatives as we move into 2026 00:01:04.010 -- 00:01:08.756 and will also benefit from new business and strong backlogs. 00:01:08.756 -- 00:01:12.721 We use the word transformation here quite a bit, and I want to be more precise...