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Park-Ohio Holdings Corp. - PKOH STOCK NEWS

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.

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ParkOhio (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on outstanding common stock. The dividend will be paid on August 16, 2024, to shareholders of record as of the close of business on August 2, 2024. ParkOhio is a diversified international company providing supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly.

The company operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide through three reportable segments: Supply Technologies, Assembly Components, and Engineered Products. ParkOhio's headquarters are located in Cleveland, Ohio.

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ParkOhio Holdings Corp. (NASDAQ: PKOH) announced strong first quarter 2024 results with net sales of $418 million, improved EPS, gross margin up 120 basis points, and EBITDA increase of 19% compared to Q1 2023. The company maintained its full-year 2024 outlook unchanged, emphasizing the positive impact of macro-economic trends and increased investments in key end markets. ParkOhio continues to focus on operating excellence and cash flow improvement throughout the year.

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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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FAQ

What are the main business segments of Park-Ohio Holdings Corp?

The main business segments are Supply Technologies, Assembly Components, and Engineered Products.

How many employees does Park-Ohio Holdings Corp have?

Park-Ohio employs more than 4,900 people worldwide.

What services does the Supply Technologies segment provide?

Supply Technologies offers supply management services including engineering support, supplier selection, quality assurance, barcoding, packaging, tracking, just-in-time delivery, and electronic billing.

Which industries does the Assembly Components segment primarily serve?

The Assembly Components segment primarily serves the automotive industry.

What is the focus of the Engineered Products division?

The Engineered Products division focuses on manufacturing specialized, custom-engineered products for industrial applications such as aerospace, defense, power generation, and oil and gas.

Where are Park-Ohio’s operations geographically located?

Park-Ohio operates in the United States, Asia, Europe, Canada, Mexico, and other regions.

What was Park-Ohio’s revenue in 2013?

Park-Ohio’s revenue totaled approximately $1.2 billion in 2013.

Who are Park-Ohio’s main customers?

Park-Ohio’s customer base consists of many Global 2000 infrastructure and business/personal/household products companies.

How does Park-Ohio ensure product quality?

Park-Ohio ensures product quality through stringent quality assurance practices and continuous innovation.

What sets Park-Ohio apart from its competitors?

Park-Ohio’s commitment to innovation, extensive industry experience, and focus on customer satisfaction set it apart in a competitive landscape.

Park-Ohio Holdings Corp.

Nasdaq:PKOH

PKOH Rankings

PKOH Stock Data

383.37M
13.07M
34.7%
51.6%
1.95%
Machine Tool Manufacturing
Manufacturing
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United States of America
CLEVELAND