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.
Park-Ohio Holdings Corp (NASDAQ: PKOH), a global leader in industrial supply chain solutions and diversified manufacturing, maintains this dedicated news hub for investors and industry professionals. Access authoritative updates spanning corporate announcements, financial results, and operational developments from this 1907-founded enterprise.
Our curated collection features essential updates including quarterly earnings disclosures, strategic partnership announcements, and manufacturing innovations across PKOH's three core segments: Supply Technologies, Assembly Components, and Engineered Products. Monitor evolving initiatives in logistics optimization, quality assurance protocols, and global expansion efforts.
This resource serves as your primary channel for tracking Park-Ohio's progress in serving Fortune 500 manufacturers through integrated supply chain management. Bookmark this page for real-time updates on operational milestones, leadership changes, and industry recognition relevant to industrial sector stakeholders.
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.
ParkOhio reported strong Q3 2024 results with net sales of $418 million, nearly flat compared to Q3 2023. The company achieved improved profitability with gross margin increasing 60 basis points to 17.3%. GAAP EPS from continuing operations rose to $1.02 per diluted share, while adjusted EPS grew 8% to $1.07. EBITDA reached $39 million, representing 9.2% of net sales. The company significantly enhanced its liquidity through debt repayments of $23 million and expects modest growth in Q4 and into 2025.
ParkOhio (NASDAQ: PKOH) has announced its Board of Directors declared a quarterly cash dividend of $0.125 per share on common stock. The dividend will be paid on November 29, 2024, to shareholders of record as of November 15, 2024. The company operates as a diversified international organization with approximately 130 manufacturing sites and supply chain logistics facilities worldwide, operating through three segments: Supply Technologies, Assembly Components, and Engineered Products.
ParkOhio (NASDAQ: PKOH) has scheduled its Third Quarter 2024 Results Conference Call for Thursday, November 7, 2024, at 10:00 a.m. Eastern Time. The webcast will be accessible online and archived on the company's website. 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, capital equipment, and manufactured components to world-class customers.
ParkOhio (NASDAQ: PKOH) reported record net sales of $433 million in Q2 2024, up 1% from Q2 2023. The company saw significant improvements in profitability, with gross margin increasing 50 basis points to 16.9% and operating income margin rising 120 basis points to 5.7%. GAAP income from continuing operations grew to $12.3 million, resulting in a 67% increase in GAAP EPS to $0.95 per diluted share. Adjusted EPS rose 23% to $1.02 per diluted share, while EBITDA improved 10% year-over-year to $39 million. The company's performance was driven by strong results in the Supply Technologies segment and improved margins in Engineered Products. ParkOhio expects 2-4% revenue growth for 2024 with improved adjusted EPS and EBITDA.
ParkOhio (NASDAQ: PKOH) has announced a webcast for its Second Quarter 2024 Results Conference Call, scheduled for Thursday, August 8, 2024, at 10:00 a.m. Eastern Time. The live webcast will be accessible via a provided link, with an archive available on the company's website for those unable to attend. ParkOhio is a diversified international company offering supply chain management outsourcing, capital equipment for production lines, and manufactured components. Operating through three segments - Supply Technologies, Assembly Components, and Engineered Products - the company manages over 130 manufacturing sites and supply chain logistics facilities worldwide.
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.
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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