Welcome to our dedicated page for Park-Ohio Hldgs news (Ticker: PKOH), a resource for investors and traders seeking the latest updates and insights on Park-Ohio Hldgs stock.
News and updates for Park-Ohio Holdings Corp (NASDAQ: PKOH) focus on its activities as a diversified international manufacturing and supply chain management company headquartered in Cleveland, Ohio. Company announcements regularly describe how ParkOhio supports customers with supply chain management outsourcing services, capital equipment used on production lines, and manufactured components used in assembled products, across its Supply Technologies, Assembly Components, and Engineered Products segments.
Investors following PKOH news will see recurring coverage of quarterly financial results, segment performance, and demand trends in end markets such as electrical, semiconductor, heavy-duty truck, defense, infrastructure, and electrification, as described in ParkOhio’s earnings releases. The company also reports on non-GAAP metrics like adjusted earnings and EBITDA (as defined), along with commentary on cash flow, backlog, and capital structure.
ParkOhio news includes updates on capital markets and financing actions, such as the pricing and issuance of senior secured notes and amendments to its revolving credit facility. Dividend declarations by the Board of Directors, participation in investor conferences, and board-level changes, including the election of new directors, are also disclosed through press releases and related SEC filings.
Operational developments feature prominently, particularly within the Supply Technologies segment. Recent announcements highlight expansion of its global warehouse network, including a new flagship distribution center in Union, Ohio that will support customers and warehouses across the United States, Canada, and Mexico with advanced warehouse systems and quality and engineering lab capabilities.
For users tracking PKOH, this news stream provides insight into ParkOhio’s segment dynamics, global footprint, financing decisions, and ongoing supply chain and manufacturing initiatives. Regular review of these updates helps contextualize the company’s performance and strategic priorities as presented in its own communications.
ParkOhio Holdings (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on its common stock. The dividend will be paid on August 15, 2025, to shareholders of record as of August 1, 2025.
ParkOhio operates as a diversified international company providing supply chain management outsourcing services, capital equipment, and manufactured components. The company maintains approximately 130 manufacturing sites and supply chain logistics facilities worldwide across three segments: Supply Technologies, Assembly Components, and Engineered Products.
ParkOhio (NASDAQ: PKOH) has priced a $350 million senior secured notes offering due 2030. The notes were priced at 99.500% of par with an 8.500% annual interest rate. The offering includes first-priority liens on U.S. equipment and second-priority liens on other U.S. assets securing the revolving credit facility.
The company plans to use the proceeds, along with cash on hand, to redeem all $350 million of its outstanding 6.625% Senior Notes due 2027. The offering is expected to close on July 31, 2025, subject to customary conditions. The notes will be offered only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
Park-Ohio Industries (NASDAQ: PKOH) has announced plans to offer $350 million in senior secured notes due 2030. The notes will be senior obligations of the company, backed by first-priority liens on U.S. equipment and second-priority liens on other U.S. assets.
The company plans to use the proceeds, along with cash on hand, to redeem all $350 million of its outstanding 6.625% Senior Notes due 2027. Additionally, Park-Ohio intends to amend its revolving credit facility to extend its maturity date by five years from the closing of the amendment.
ParkOhio (NASDAQ: PKOH) has released preliminary financial results for Q2 2025. The company expects total net sales between $400 million and $410 million and Adjusted EBITDA between $34 million and $37 million for the quarter ended June 30, 2025.
The company notes these figures are preliminary, unaudited estimates subject to change pending final financial closing procedures and adjustments. ParkOhio emphasizes that Adjusted EBITDA, while useful for assessing operating performance, is a non-GAAP measure and should not be considered an alternative to GAAP metrics.
ParkOhio (NASDAQ: PKOH) has scheduled its First Quarter 2025 Results Conference Call for Wednesday, May 7, 2025, at 10:00 a.m. Eastern Time. The webcast will be accessible live over the Internet, and for those unable to attend, an archive will be available at pkoh.com.
ParkOhio operates as a diversified international company with over 130 manufacturing sites and supply chain logistics facilities across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company provides supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly to world-class customers.
ParkOhio Holdings Corp. (NASDAQ: PKOH) has announced its quarterly dividend payment of $0.125 per share on common stock. The dividend will be paid on May 16, 2025, to shareholders of record as of May 2, 2025.
ParkOhio operates as a diversified international company with approximately 130 manufacturing sites and supply chain logistics facilities worldwide. The company operates through three segments: Supply Technologies, Assembly Components, and Engineered Products, providing supply chain management outsourcing, capital equipment, and manufactured components.
ParkOhio (NASDAQ: PKOH) reported its Q4 and full-year 2024 results, showing mixed performance. Q4 net sales from continuing operations reached $388 million, with GAAP EPS of $0.41 per diluted share compared to $0.54 in Q4 2023. Adjusted EPS increased 24% to $0.67.
For full-year 2024, the company achieved net sales of $1.656 billion, with gross margin improving 60 basis points to 17.0%. GAAP EPS rose to $3.19 per diluted share from $2.72 in 2023, while adjusted EPS grew 17% to $3.59. EBITDA improved 13% to $152 million.
The company's Supply Technologies segment saw a 2% increase in Q4 sales to $181.8 million, driven by strong aerospace and defense demand. Assembly Components experienced lower sales at $89.7 million, while Engineered Products posted a 2% increase to $116.9 million.
For 2025, ParkOhio expects 2-4% sales growth with improvements in adjusted operating income, net income, EBITDA, and free cash flow.
ParkOhio (NASDAQ: PKOH) has announced a webcast for its Fourth Quarter and Full Year 2024 results. The company stated that if investors are unable to participate in the live webcast, the call will be archived on their website at pkoh.com.
ParkOhio describes itself as a diversified international company that provides supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly. Based in Cleveland, Ohio, the company operates more than 130 manufacturing sites and supply chain logistics facilities across three reportable segments: Supply Technologies, Assembly Components, and Engineered Products.
The announcement was made by Matthew V. Crawford, who serves as Chairman, President, and Chief Executive Officer of Park-Ohio Holdings Corp.
ParkOhio (NASDAQ: PKOH) has announced its Board of Directors has declared a quarterly cash dividend of $0.125 per share on common stock. The dividend will be paid on February 21, 2025, to shareholders of record as of February 7, 2025.
The company operates as a diversified international organization providing supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly. Based in Cleveland, Ohio, ParkOhio manages approximately 130 manufacturing sites and supply chain logistics facilities globally across three segments: Supply Technologies, Assembly Components, and Engineered Products.