Park-Ohio is a diversified industrial manufacturer and supply chain services company operating through three segments. Supply Technologies (~47% of revenue) manages production component supply chains for large manufacturers — sourcing, warehousing, and delivering parts directly to the factory floor under sole-source arrangements — effectively replacing a manufacturer's many component suppliers with a single outsourced relationship. Supply Technologies also manufactures proprietary cold-formed fasteners used to join lightweight materials in automotive and aerospace applications. Assembly Components (~24% of revenue) manufactures fuel rails, fuel filler assemblies, and rubber and plastic components for automotive OEMs globally. Engineered Products (~29% of revenue) makes and services capital equipment — primarily induction heating and melting systems, pipe threading equipment, and forging presses — and also produces forged and machined parts like crankshafts, aerospace structural components, and railcar parts. Roughly half of the Industrial Equipment Group's revenue comes from aftermarket parts and service on its installed equipment base, providing recurring revenue. Park-Ohio sells across heavy-duty truck, automotive, aerospace and defense, semiconductor, electrical distribution, oil and gas, steel, and rail markets. Management has been reshaping the portfolio by exiting capital-intensive businesses, reducing automotive exposure from over one-third of revenue to roughly 20%, and growing in AI data center infrastructure, semiconductor equipment, and industrial electrification. Deleveraging the balance sheet is a near-term priority.