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Park-Ohio Holdings Corp. - PKOH STOCK NEWS

Welcome to our dedicated news page for Park-Ohio Holdings (Ticker: PKOH), a resource for investors and traders seeking the latest updates and insights on Park-Ohio Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Park-Ohio Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Park-Ohio Holdings's position in the market.

News
ParkOhio Announces First Quarter 2024 Results Webcast
Rhea-AI Summary
ParkOhio (NASDAQ: PKOH) announces its First Quarter 2024 Results Conference Call to be held on April 30, 2024, at 10:00 a.m. Eastern Time. The company offers supply chain management outsourcing services, capital equipment, and manufactured components to global customers. Headquartered in Cleveland, Ohio, ParkOhio operates over 130 manufacturing sites and logistics facilities across three segments. Contact details and webcast information provided.
Rhea-AI Impact
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earnings
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ParkOhio Announces Quarterly Dividend
Rhea-AI Summary
ParkOhio Holdings Corp. (NASDAQ: PKOH) has announced a quarterly cash dividend of $0.125 per share, payable on May 17, 2024, to shareholders of record as of May 3, 2024. ParkOhio is a global company offering supply chain management, capital equipment, and manufactured components to customers worldwide.
Rhea-AI Impact
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End-of-Day
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dividends
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ParkOhio Announces Ratings Upgrade from S&P Global
Rhea-AI Summary
Park-Ohio Holdings Corp (PKOH) received an upgrade in ratings from S&P Global, with the issuer credit rating raised to B and the issue-level rating on senior unsecured notes increased to B-. The upgrades are attributed to improved operating performance in 2023, and S&P's expectation of continued profitability growth, positive cash flow, and deleveraging over the next year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
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none
News
ParkOhio Announces Fourth Quarter and Full Year 2023 Results and the Acquisition of EMA Indutec GmbH
Rhea-AI Summary
Park-Ohio Holdings Corp. (PKOH) reports strong financial performance in Q4 and full year 2023, with record net sales and improved EPS. The company's outlook for 2024 shows expectations of revenue growth and profitability enhancements. ParkOhio also completed the sale of its Aluminum Products business and acquired EMA Indutec GmbH.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.92%
Tags
acquisition earnings
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ParkOhio Announces Fourth Quarter & Full Year 2023 Results Webcast
Rhea-AI Summary
ParkOhio (NASDAQ: PKOH) announces its Fourth Quarter & Full Year 2023 Results Conference Call scheduled for March 6, 2024, at 10:00 a.m. Eastern Time. The company provides supply chain management outsourcing services, capital equipment, and manufactured components to global customers through its three segments. ParkOhio operates over 120 manufacturing sites and logistics facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
earnings
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News
ParkOhio Announces Quarterly Dividend
Rhea-AI Summary
Park-Ohio Holdings Corp. (PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on February 23, 2024, to shareholders of record as of the close of business on February 9, 2024. ParkOhio is a diversified international company providing supply chain management outsourcing service, capital equipment, and manufactured components. Headquartered in Cleveland, Ohio, ParkOhio operates more than 130 manufacturing sites and supply chain logistics facilities worldwide.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.23%
Tags
dividends
News
ParkOhio Completes Sale of Aluminum Products Business
Rhea-AI Summary
Park-Ohio Holdings Corp. (NASDAQ: PKOH) successfully completes divestiture of Aluminum Products business to Angstrom Automotive Group for approximately $50 million in cash and promissory notes, aiming to reduce debt and focus on core businesses. Chairman Matthew V. Crawford expresses gratitude towards partners and highlights the company's diversified international operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.34%
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none
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News
ParkOhio Announces Ratings Upgrade from Moody’s
Rhea-AI Summary
Park-Ohio Holdings Corp. (NASDAQ: PKOH) - Moody’s upgrades ratings of ParkOhio Industries, Inc. from B3 to B2 and Senior Unsecured Rating from Caa2 to Caa1, citing expected improvement in operating performance, balance sheet strength, revenue growth, margin expansion, and positive free cash flow over the next 12-18 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
none
-
News
ParkOhio Announces Quarterly Dividend
Rhea-AI Summary
Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding. The dividend will be paid on December 1, 2023, to shareholders of record as of November 17, 2023. ParkOhio is a diversified international company providing supply chain management outsourcing services, capital equipment, and manufactured components to customers worldwide. It operates through three reportable segments: Supply Technologies, Assembly Components, and Engineered Products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.98%
Tags
dividends
News
ParkOhio Announces Strong Third Quarter 2023 Results
Rhea-AI Summary
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported net sales of $419 million in Q3 2023, a 9% increase from the previous year. Year-to-date sales reached a record high. GAAP EPS from continuing operations increased by 71% year-over-year to $0.99 per diluted share. Gross margin improved by 300 basis points to 16.7% compared to the previous year. Operating income from continuing operations improved to $27 million, and EBITDA increased by 29% to $39 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.3%
Tags
earnings
Stock PKOH logo
Park-Ohio Holdings Corp.

Nasdaq:PKOH

PKOH Rankings

#3363 Ranked by Market Cap
#155 Ranked by Stock Gains
#1387 Ranked by Dividends

PKOH Stock Data

330.39M
7.94M
34.96%
51.75%
1.44%
Machine Tool Manufacturing
Manufacturing
Link
United States
Cleveland

About PKOH

since 1907, parkohio holdings corp. (nasdaq:pkoh) and its subsidiaries have provided the strategic services and products the world’s leading manufacturers need to better and more efficiently build their own products. parkohio is an industrial supply chain logistics and diversified manufacturing business operating in three segments: supply technologies, assembly components, and engineered products. our businesses operate approximately 90 manufacturing, distribution, and service facilities, and employ more than 4,900 people worldwide. revenues totaled approximately $1.2 billion in 2013. with a customer base consisting of many of the global 2000 infrastructure and business/personal/household products companies, the opportunities for growth are increasing for us every day.