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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.

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.

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%
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Rhea-AI Summary
ParkOhio (NASDAQ: PKOH) announces its Third Quarter 2023 Results Conference Call on Thursday, November 2, 2023, at 10:00 a.m. Eastern Time. ParkOhio is a diversified international company providing supply chain management outsourcing service, capital equipment, and manufactured components. It operates more than 120 manufacturing sites and supply chain logistics facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.13%
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Rhea-AI Summary
Park-Ohio Holdings Corp. amends and restates its revolving credit facility, extending the maturity date to September 13, 2028. Combined with expected free cash flow of $30-$40 million in 2023, this enhances liquidity and supports growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.47%
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none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.27%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
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News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.7%
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dividends
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.69%
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Rhea-AI Summary
Park-Ohio Holdings Corp. reports Q1 2023 results with net sales of $423.5 million, up 18% YoY. Gross margin improves to 15.8%. Operating income improves to $20.2 million. CEO optimistic about future due to business improvements and strong activity in infrastructure, reshoring, green energy, and restocking.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.34%
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
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-2.14%
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none
News
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.48%
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dividends
Park-Ohio Holdings Corp

Nasdaq:PKOH

PKOH Rankings

PKOH Stock Data

340.75M
7.94M
34.96%
51.75%
1.44%
Machine Tool Manufacturing
Manufacturing
Link
United States of America
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.