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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.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q4 2021 revenues of $369.9 million, marking a 3% increase, while full year sales rose 11% to $1.4 billion. Despite revenue growth, the company faced a net loss of $17.8 million in the fourth quarter and $24.8 million for the year due to operational challenges in its Assembly Components segment, primarily from inflation, labor shortages, and semiconductor shortages. Looking ahead, ParkOhio anticipates a 15% revenue increase in 2022 and expects improved profitability, although macroeconomic headwinds persist.
ParkOhio (NASDAQ: PKOH) will host a conference call on March 16, 2022, at 10:00 a.m. Eastern Time, to discuss its Fourth Quarter & Full Year 2021 Results. The call will be accessible via the internet at link. ParkOhio is a diversified international company specializing in supply chain management and manufacturing, operating over 120 sites across three segments: Supply Technologies, Assembly Components, and Engineered Products.
The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) declared a quarterly cash dividend of $0.125 per share, payable on February 25, 2022, to shareholders of record as of February 11, 2022.
ParkOhio, headquartered in Cleveland, operates over 120 manufacturing facilities globally, offering supply chain management, capital equipment, and manufactured components through its three segments: Supply Technologies, Assembly Components, and Engineered Products.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q3 2021 revenue of $359 million, a 5% increase year-over-year. Despite this growth, the company experienced a net loss of $7.2 million, or $(0.60) per share, primarily due to operating losses in its Assembly Components segment, driven by automotive production volatility and rising costs. The chip shortage negatively impacted sales by approximately $15 million, leading to an adjusted EPS loss of $(0.32). However, strong demand in Supply Technologies and significant bookings in Engineered Products marked some positive developments.
ParkOhio (NASDAQ: PKOH) will host a webcast for its Third Quarter 2021 Results Conference Call on November 3, 2021, at 10:00 a.m. Eastern Time. The event can be accessed live online at this link. ParkOhio, headquartered in Cleveland, Ohio, operates over 120 manufacturing sites and provides supply chain management, capital equipment, and manufactured components across three segments: Supply Technologies, Assembly Components, and Engineered Products.
ParkOhio (NASDAQ: PKOH) has appointed Brian Norris as President of Supply Technologies LLC, effective October 18, 2021. Norris brings 25 years of experience in distribution, serving previously as Vice President at Grainger. He succeeds John Chrzanowski, who will retire on November 30 after 14 years. The company emphasizes its commitment to customer service and growth strategies under Norris's leadership. ParkOhio operates over 120 manufacturing sites globally, offering supply chain solutions, capital equipment, and manufactured components.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q2 2021 consolidated results with net sales of $350.0 million, up from $228.3 million a year earlier. The net loss attributable to shareholders was $5.3 million ($0.44 per diluted share), improved from a loss of $16.6 million ($1.38 per diluted share) in Q2 2020. The semiconductor chip shortage impacted sales by approximately $24 million, affecting EPS by an estimated $0.55. Despite challenges, year-to-date net sales increased to $709.6 million from $594.6 million, and the company expects organic sales growth of 8% to 12% for 2021.
ParkOhio (NASDAQ: PKOH) will host its Second Quarter 2021 Results Conference Call on August 4, 2021, at 10:00 a.m. Eastern Time. The call will be accessible via live webcast. Investors can also access an archived version on the company's website. ParkOhio is a diversified international company specializing in supply chain management, capital equipment, and manufactured components, operating over 120 facilities 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 August 20, 2021, to shareholders of record by August 6, 2021. ParkOhio is a diversified company providing supply chain management outsourcing, capital equipment, and manufactured components, with over 120 manufacturing sites globally. The release also highlights potential risks, including the impacts of the COVID-19 pandemic, substantial indebtedness, and economic uncertainties that may affect future performance.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported first-quarter 2021 net sales of $359.6 million, down from $366.3 million in Q1 2020. However, net income rose to $5.5 million, or $0.45 per diluted share, up from $1.2 million, or $0.10 per diluted share, in the same period last year. Significant factors included a substantial debt reduction and the strategic acquisition of NYK Component Solutions. The Supply Technologies segment experienced a 12% year-over-year sales increase, while Engineered Products saw a decline. A quarterly cash dividend of $0.125 per share was declared, payable May 21, 2021.
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