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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.
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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