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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.
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.
The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has announced a quarterly cash dividend of $0.125 per share, payable on December 2, 2022, to shareholders on record as of November 18, 2022. ParkOhio, headquartered in Cleveland, Ohio, operates over 120 manufacturing sites worldwide and provides supply chain management services. The press release also highlights various risks affecting future performance, including supply chain issues and economic uncertainties.
ParkOhio (NASDAQ: PKOH) will hold a conference call on November 8, 2022, at 10:00 a.m. Eastern Time, to discuss its Third Quarter 2022 Results. The call will be accessible live via the internet. ParkOhio is a diversified international company specializing in supply chain management, capital equipment, and manufactured components, operating over 120 facilities. Interested participants can access the live webcast at this link. For those unable to attend, the call will be archived on their website.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q2 2022 revenues of $429 million, a 22% increase from Q2 2021. GAAP EPS rose to $0.08 from a loss of $(0.44) in the previous year, while adjusted EPS improved to $0.21 from $(0.33). Year-to-date revenues were $847 million, up 19%. The company closed two strategic acquisitions expected to enhance margins. Supply Technologies reported record sales, while Assembly Components faced increased raw material costs and restructuring impacts.
ParkOhio (NASDAQ: PKOH) announced a webcast for its Second Quarter 2022 Results Conference Call on August 3, 2022, at 10:00 a.m. Eastern Time. Investors can participate by accessing the link provided. ParkOhio is a diversified international company focused on supply chain management and manufacturing components, operating over 120 manufacturing sites globally across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company emphasizes its commitment to providing world-class customer service.
The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share, payable on August 19, 2022, to shareholders of record by the close of business on August 5, 2022. ParkOhio operates over 120 manufacturing sites globally, focusing on supply chain management, capital equipment, and component manufacturing across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company faces risks, including supply chain issues and substantial indebtedness, which could impact its future performance.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q1 2022 revenues of $418 million, a 13% increase from Q4 2021 and 16% from Q1 2021. The GAAP EPS rose to $0.50 from a loss of $(1.48) in Q4 2021. This improvement is attributed to strong customer demand, better product pricing, and cost reduction efforts. Notably, the company expects continued revenue growth throughout 2022, despite ongoing supply chain challenges. EBITDA for the quarter was $27.6 million, and total liquidity reached $225 million. A conference call to discuss results will be on May 10, 2022.
ParkOhio (NASDAQ: PKOH) will host its First Quarter 2022 Results Conference Call on May 10, 2022, at 10:00 a.m. Eastern Time. Shareholders and interested parties can join the call via the provided link. The event will be archived for those unable to attend live. ParkOhio is a diversified international company based in Cleveland, Ohio, providing supply chain management and manufacturing services 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 May 20, 2022, to shareholders of record as of May 6, 2022. ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities globally, focusing on supply chain management and manufactured components across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company notes potential risks affecting its future performance, including supply chain issues and economic uncertainties.
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