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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.
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.
ParkOhio (NASDAQ: PKOH) will host a First Quarter 2021 Results Conference Call on May 5, 2021, at 10:00 a.m. Eastern Time. Investors can access the live webcast through the company's website. ParkOhio operates over 120 manufacturing sites globally and provides supply chain management outsourcing services, capital equipment, and manufactured components through three reportable segments: Supply Technologies, Assembly Components, and Engineered Products. Archived details will be accessible post-event at www.pkoh.com.
The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on common stock, payable on May 21, 2021, to shareholders recorded by the close of business on May 7, 2021. ParkOhio operates over 120 manufacturing sites and provides supply chain management, capital equipment, and components across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company acknowledges risks including the COVID-19 pandemic impact, substantial indebtedness, and market uncertainties.
ParkOhio (NASDAQ: PKOH) has successfully acquired NYK Component Solutions, a UK-based distributor of circular connectors, enhancing its supply chain management services. This acquisition is expected to generate over $10 million in annual sales and is projected to be immediately accretive to earnings. The move aims to broaden ParkOhio's product offerings and customer base across Europe and North America, further solidifying its position in the aerospace and defense sectors.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported its fourth quarter and full year 2020 results, indicating a challenging year due to the pandemic. Q4 net sales were $360.4 million, down from $379.5 million in 2019, with a net income of $5.6 million ($0.46 per share), down from $7.6 million ($0.61 per share) a year earlier. The full year saw net sales decrease to $1.3 billion, with a net loss of $4.5 million ($0.37 per share), contrasting with a profit of $38.6 million ($3.12 per share) in 2019. For 2021, the company anticipates organic sales growth of 8% to 12% and improved EBITDA margins.
ParkOhio (NASDAQ: PKOH) will host a conference call on March 3, 2021, at 10:00 a.m. ET to discuss its Fourth Quarter & Full Year 2020 Results. The call will be available via a live webcast, accessible through their official website. ParkOhio is a diversified company providing supply chain management services and manufacturing components across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company operates over 125 facilities globally.
The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ:PKOH) has announced a quarterly cash dividend of $0.125 per share, set for payment on February 26, 2021, to shareholders recorded as of February 12, 2021. ParkOhio is a diversified firm with over 125 manufacturing and supply chain logistics sites globally, operating through segments such as Supply Technologies and Engineered Products. The release includes forward-looking statements about potential impacts from COVID-19, industry cycles, and economic factors that could affect future performance.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported third quarter 2020 results, showing net sales of $340.2 million, down from $403.4 million in Q3 2019. Net income was $5.3 million or $0.44 per diluted share, a decrease from $12.2 million or $0.99 per diluted share year-over-year. However, there was a 49% increase in net sales compared to Q2 2020. The company declared a quarterly cash dividend of $0.125 per share, payable on November 30, 2020. Operating cash flow was reported at $23.3 million, with liquidity rising to $242.5 million.
ParkOhio (NASDAQ: PKOH) will host its Third Quarter 2020 Results Conference Call on November 4, 2020, at 10:00 a.m. Eastern Time. The call will be available live via a webcast. Investors can access the call at this link. For those unable to attend, the call will be archived on ParkOhio's website. The company provides supply chain management and manufacturing solutions through three segments: Supply Technologies, Assembly Components, and Engineered Products, operating over 125 facilities globally.
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