Welcome to our dedicated page for Park-Ohio Hldgs news (Ticker: PKOH), a resource for investors and traders seeking the latest updates and insights on Park-Ohio Hldgs stock.
Overview
Park-Ohio Holdings Corp (symbol: PKOH) is a historic and diversified industrial supply chain logistics and manufacturing enterprise that has been serving the world’s leading manufacturers since 1907. Combining over a century of experience with a dynamic approach to industrial services, the company operates with a focus on efficiency, quality, and integrated supply management. Leveraging a deep understanding of complex supply chains and manufacturing requirements, Park-Ohio delivers crucial services such as engineering design support, supplier selection, and quality assurance across the industrial landscape. Keywords such as supply technologies, assembly components, and engineered products are integral to its business model, setting a technical and operational standard within its industry.
Business Segments and Services
Park-Ohio organizes its operations into three primary segments: Supply Technologies, Assembly Components, and Engineered Products. Each segment is designed to offer comprehensive solutions that streamline production and enhance manufacturing efficiency.
- Supply Technologies: This segment forms the cornerstone of the company's business. It provides end-to-end supply management services, including design and engineering support, quality control, electronic billing, and just-in-time as well as point-of-use delivery systems. These solutions help manufacturers reduce inventory costs and improve operational responsiveness.
- Assembly Components: Focused on delivering high-quality components that are essential for production assembly lines, this segment accentuates precision, reliability, and efficient component integration within larger manufacturing processes.
- Engineered Products: This segment encompasses specialized, engineered solutions that are tailored to meet the unique demands of complex manufacturing and industrial operations. It expands the company’s ability to serve niche markets through customized product design and value-added processes.
Global Reach and Operational Excellence
With a global operational footprint, Park-Ohio utilizes an extensive network of manufacturing, distribution, and service facilities strategically positioned across key regions including the United States, Asia, Europe, Canada, and Mexico. This widespread presence enables the company to provide localized support to its customers while harnessing the benefits of a worldwide supply chain network. Its capabilities in logistics and integrated supply chain management ensure that products and components are delivered with consistent quality and efficiency, no matter the geographic location.
Integrated Supply Chain Solutions
The company excels in offering a fully integrated service model that minimizes downtime and maximizes production efficiency for its customers. By combining technological innovation with traditional manufacturing expertise, Park-Ohio facilitates a seamless flow of production components from design and supplier sourcing through to final delivery. Its comprehensive approach addresses both the logistical and operational demands of modern manufacturing, making it a trusted partner for many industries.
Industry Expertise and Competitive Position
An essential component of Park-Ohio's success is its deep-rooted expertise in industrial manufacturing and supply chain logistics. The company not only supplies products but also provides strategic advisory services that help clients optimize their production processes. This dual focus on product delivery and process improvement differentiates Park-Ohio from competitors who may provide only isolated elements of the supply chain. Furthermore, the company’s ability to adapt to changing market conditions and technological advances reinforces its position as a critical supplier in the industrial sector.
Operational Efficiency and Quality Assurance
Quality and efficiency are the pillars upon which Park-Ohio builds its operations. Employing state-of-the-art manufacturing processes, rigorous quality assurance protocols, and innovative logistics solutions, the company is able to offer products and services that meet the high standards demanded by global manufacturers. This commitment to excellence is evident in every phase of its operation—from initial design through final delivery—ensuring that every link in the supply chain operates at peak performance.
Technological Innovation and Process Integration
In the era of rapid technological advancement, Park-Ohio remains at the forefront by leveraging cutting-edge tools and systems to optimize its operations. Its use of electronic billing, real-time tracking, and advanced data analytics allows for precise monitoring and adjustment of production processes. This integration of technology into traditional manufacturing practices has resulted in enhanced transparency, improved timing, and measurable cost savings for its clients.
Customer-Centric Approach and Market Relevance
Understanding that every customer’s needs are unique, Park-Ohio places a strong emphasis on customizable solutions. The company partners with a diverse clientele that includes many members of the Global 2000, tailoring its offerings to the specific requirements of each industry sector. The ability to combine off-the-shelf solutions with bespoke services provides a significant competitive edge and ensures that its clients can maintain agility in an ever-changing market environment.
Quality, Reliability, and Expertise in a Competitive Landscape
In a competitive market of industrial supply chain management, Park-Ohio demonstrates a balanced blend of tradition and innovation. Its longstanding history is complemented by ongoing investments in technological enhancements, fostering a culture of continuous improvement. The company’s multifaceted business structure ensures that it meets the varied demands of modern manufacturing with reliability and technical proficiency.
Conclusion
Overall, Park-Ohio Holdings Corp stands out as an industrial entity with a robust, integrated approach to supply chain logistics and diversified manufacturing. Its comprehensive suite of services, spanning supply technologies, assembly components, and engineered products, is designed to provide efficient, quality-assured solutions to some of the most demanding manufacturers worldwide. By persisting in innovation and operational excellence, Park-Ohio reinforces its significance in the sector and continues to play a pivotal role in shaping manufacturing efficiency and reliability on a global scale.
ParkOhio Holdings Corp. (NASDAQ: PKOH) has announced its quarterly dividend payment of $0.125 per share on common stock. The dividend will be paid on May 16, 2025, to shareholders of record as of May 2, 2025.
ParkOhio operates as a diversified international company with approximately 130 manufacturing sites and supply chain logistics facilities worldwide. The company operates through three segments: Supply Technologies, Assembly Components, and Engineered Products, providing supply chain management outsourcing, capital equipment, and manufactured components.
ParkOhio (NASDAQ: PKOH) reported its Q4 and full-year 2024 results, showing mixed performance. Q4 net sales from continuing operations reached $388 million, with GAAP EPS of $0.41 per diluted share compared to $0.54 in Q4 2023. Adjusted EPS increased 24% to $0.67.
For full-year 2024, the company achieved net sales of $1.656 billion, with gross margin improving 60 basis points to 17.0%. GAAP EPS rose to $3.19 per diluted share from $2.72 in 2023, while adjusted EPS grew 17% to $3.59. EBITDA improved 13% to $152 million.
The company's Supply Technologies segment saw a 2% increase in Q4 sales to $181.8 million, driven by strong aerospace and defense demand. Assembly Components experienced lower sales at $89.7 million, while Engineered Products posted a 2% increase to $116.9 million.
For 2025, ParkOhio expects 2-4% sales growth with improvements in adjusted operating income, net income, EBITDA, and free cash flow.
ParkOhio (NASDAQ: PKOH) has announced a webcast for its Fourth Quarter and Full Year 2024 results. The company stated that if investors are unable to participate in the live webcast, the call will be archived on their website at pkoh.com.
ParkOhio describes itself as a diversified international company that provides supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly. Based in Cleveland, Ohio, the company operates more than 130 manufacturing sites and supply chain logistics facilities across three reportable segments: Supply Technologies, Assembly Components, and Engineered Products.
The announcement was made by Matthew V. Crawford, who serves as Chairman, President, and Chief Executive Officer of Park-Ohio Holdings Corp.
ParkOhio (NASDAQ: PKOH) has announced its Board of Directors has declared a quarterly cash dividend of $0.125 per share on common stock. The dividend will be paid on February 21, 2025, to shareholders of record as of February 7, 2025.
The company operates as a diversified international organization providing supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly. Based in Cleveland, Ohio, ParkOhio manages approximately 130 manufacturing sites and supply chain logistics facilities globally across three segments: Supply Technologies, Assembly Components, and Engineered Products.
ParkOhio reported strong Q3 2024 results with net sales of $418 million, nearly flat compared to Q3 2023. The company achieved improved profitability with gross margin increasing 60 basis points to 17.3%. GAAP EPS from continuing operations rose to $1.02 per diluted share, while adjusted EPS grew 8% to $1.07. EBITDA reached $39 million, representing 9.2% of net sales. The company significantly enhanced its liquidity through debt repayments of $23 million and expects modest growth in Q4 and into 2025.
ParkOhio (NASDAQ: PKOH) has announced its Board of Directors declared a quarterly cash dividend of $0.125 per share on common stock. The dividend will be paid on November 29, 2024, to shareholders of record as of November 15, 2024. The company operates as a diversified international organization with approximately 130 manufacturing sites and supply chain logistics facilities worldwide, operating through three segments: Supply Technologies, Assembly Components, and Engineered Products.
ParkOhio (NASDAQ: PKOH) has scheduled its Third Quarter 2024 Results Conference Call for Thursday, November 7, 2024, at 10:00 a.m. Eastern Time. The webcast will be accessible online and archived on the company's website. ParkOhio operates as a diversified international company with over 130 manufacturing sites and supply chain logistics facilities across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company provides supply chain management outsourcing, capital equipment, and manufactured components to world-class customers.
ParkOhio (NASDAQ: PKOH) reported record net sales of $433 million in Q2 2024, up 1% from Q2 2023. The company saw significant improvements in profitability, with gross margin increasing 50 basis points to 16.9% and operating income margin rising 120 basis points to 5.7%. GAAP income from continuing operations grew to $12.3 million, resulting in a 67% increase in GAAP EPS to $0.95 per diluted share. Adjusted EPS rose 23% to $1.02 per diluted share, while EBITDA improved 10% year-over-year to $39 million. The company's performance was driven by strong results in the Supply Technologies segment and improved margins in Engineered Products. ParkOhio expects 2-4% revenue growth for 2024 with improved adjusted EPS and EBITDA.
ParkOhio (NASDAQ: PKOH) has announced a webcast for its Second Quarter 2024 Results Conference Call, scheduled for Thursday, August 8, 2024, at 10:00 a.m. Eastern Time. The live webcast will be accessible via a provided link, with an archive available on the company's website for those unable to attend. ParkOhio is a diversified international company offering supply chain management outsourcing, capital equipment for production lines, and manufactured components. Operating through three segments - Supply Technologies, Assembly Components, and Engineered Products - the company manages over 130 manufacturing sites and supply chain logistics facilities worldwide.
ParkOhio (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on outstanding common stock. The dividend will be paid on August 16, 2024, to shareholders of record as of the close of business on August 2, 2024. ParkOhio is a diversified international company providing supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly.
The company operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide through three reportable segments: Supply Technologies, Assembly Components, and Engineered Products. ParkOhio's headquarters are located in Cleveland, Ohio.
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