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Park-Ohio Holdings Corp. reports developments across a diversified international industrial business that provides supply chain management outsourcing, capital equipment used on production lines, and manufactured components used in customer products. The company operates through Supply Technologies, Assembly Components, and Engineered Products, with Supply Technologies centered on fasteners, assembly components, global sourcing, engineered solutions, and point-of-use logistics for OEM customers.
Recurring news covers quarterly and annual results, earnings webcasts, cash dividends, backlog and cash-flow trends, and segment performance across industrial end markets. Company updates also discuss investments in automation, information systems, vertical integration, and supply-chain logistics capacity, along with demand from areas such as electrical infrastructure, data centers, semiconductor, aerospace and defense, heavy-duty truck, and industrial markets.
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.
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.