Welcome to our dedicated page for Park-Ohio Holdings news (Ticker: PKOH), a resource for investors and traders seeking the latest updates and insights on Park-Ohio Holdings stock.
Park-Ohio Holdings Corp (NASDAQ:PKOH), established in 1907, stands as a pivotal player in the realms of industrial supply chain logistics and diversified manufacturing. The company boasts three key business segments: Supply Technologies, Assembly Components, and Engineered Products. With a global presence, Park-Ohio operates roughly 90 manufacturing, distribution, and service facilities, employing over 4,900 professionals worldwide.
Supply Technologies is the cornerstone of Park-Ohio’s revenue generation, offering comprehensive supply management solutions. These services range from engineering and design support to supplier selection, quality assurance, barcoding, product packaging, tracking, just-in-time (JIT) and point-of-use delivery, and electronic billing for a myriad of production components.
The Assembly Components segment delivers highly engineered, mission-critical products, primarily to the automotive industry. This includes complex assemblies such as fuel filler pipes, hydraulic assemblies, and fuel filler assemblies. Through continuous innovation and adherence to stringent quality standards, this segment has solidified its reputation among leading manufacturers.
The Engineered Products division focuses on manufacturing specialized, custom-engineered products for various industrial applications. This segment serves sectors such as aerospace, defense, power generation, and oil and gas, ensuring superior product performance and reliability.
Park-Ohio’s extensive geographical footprint spans the United States, Asia, Europe, Canada, Mexico, and beyond, enabling it to cater to a diverse clientele. The company’s strategic initiatives and partnerships are geared towards driving growth and enhancing operational efficiency. Its customer base features many of the Global 2000 companies, reflecting its strong market position and robust growth potential.
With revenues amounting to approximately $1.2 billion in 2013, Park-Ohio continues to thrive by leveraging its extensive experience and industry expertise. The company's commitment to innovation, quality, and customer satisfaction sets it apart in a competitive landscape.
ParkOhio (NASDAQ: PKOH) will host its First Quarter 2023 Results Conference Call on May 4, 2023, at 10:00 a.m. Eastern Time. The call will be available live via a webcast, which can be accessed through the provided link. ParkOhio is recognized as a diversified international firm delivering supply chain management outsourcing, capital equipment, and manufactured components for production lines. With over 120 manufacturing sites and logistics facilities, the company operates through three segments: Supply Technologies, Assembly Components, and Engineered Products.
Interested parties who cannot attend live can access an archive of the call on ParkOhio's official website.
The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of
This announcement includes forward-looking statements that may be influenced by various risks and uncertainties, including supply chain issues, substantial indebtedness, and economic conditions. The company highlights potential challenges such as the impact of COVID-19, geopolitical tensions, and reliance on the automotive sector. The company assures investors of its commitment to maintaining dividend payments amidst these challenges.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported fourth quarter 2022 net sales of $382 million, a 17% increase year-over-year. The GAAP EPS loss was $0.58 per diluted share, while the adjusted EPS loss was $0.09. Full year net sales reached $1.5 billion, also up 17% year-over-year, with GAAP EPS of $0.83. The company anticipates revenue growth of 5-10% for 2023, driven by increased demand in the North American manufacturing sector. The Aluminum Products business is classified as discontinued following a Memorandum of Understanding for its sale. The company ended 2022 with $180 million in liquidity.
ParkOhio (NASDAQ: PKOH) will host a Fourth Quarter and Full Year 2022 Results Conference Call on March 16, 2023, at 10:00 a.m. Eastern Time. The webcast will be available live at this link. If you miss the live call, it will be archived on the company's website at pkoh.com. ParkOhio, headquartered in Cleveland, Ohio, operates over 120 manufacturing sites and focuses on supply chain management, capital equipment, and manufactured components across three segments: Supply Technologies, Assembly Components, and Engineered Products.
The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share, payable on February 24, 2023, to shareholders who own shares by February 10, 2023. ParkOhio operates over 120 manufacturing sites and provides supply chain outsourcing, capital equipment, and manufactured components across three segments: Supply Technologies, Assembly Components, and Engineered Products. The release also highlights various risks affecting the company's future performance, including supply chain disruptions, economic uncertainties, and dependence on cyclical industries, all of which could impact dividends and overall financial stability.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported a Q3 2022 revenue increase of 22% to $436 million, with GAAP EPS at $0.22, reversing a loss of $(0.60) from Q3 2021. Year-to-date revenues reached $1.3 billion, up 20% year-over-year, with YTD GAAP EPS at $0.80. Strong performance was noted across all business segments, particularly in Supply Technologies, Assembly Components, and Engineered Products. Despite significant gains, ongoing macroeconomic challenges, including inflation and supply chain issues, may impact future guidance.
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