Park-Ohio Hldgs Corp Stock Price, News & Analysis

The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on its common stock. The payment is scheduled for May 19, 2023, with the record date set for May 5, 2023. ParkOhio operates over 120 manufacturing and supply chain facilities globally, focusing on supply chain management outsourcing, capital equipment, and manufactured components.

This announcement includes forward-looking statements that may be influenced by various risks and uncertainties, including supply chain issues, substantial indebtedness, and economic conditions. The company highlights potential challenges such as the impact of COVID-19, geopolitical tensions, and reliance on the automotive sector. The company assures investors of its commitment to maintaining dividend payments amidst these challenges.

Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported fourth quarter 2022 net sales of $382 million, a 17% increase year-over-year. The GAAP EPS loss was $0.58 per diluted share, while the adjusted EPS loss was $0.09. Full year net sales reached $1.5 billion, also up 17% year-over-year, with GAAP EPS of $0.83. The company anticipates revenue growth of 5-10% for 2023, driven by increased demand in the North American manufacturing sector. The Aluminum Products business is classified as discontinued following a Memorandum of Understanding for its sale. The company ended 2022 with $180 million in liquidity.

ParkOhio (NASDAQ: PKOH) will host a Fourth Quarter and Full Year 2022 Results Conference Call on March 16, 2023, at 10:00 a.m. Eastern Time. The webcast will be available live at this link. If you miss the live call, it will be archived on the company's website at pkoh.com. ParkOhio, headquartered in Cleveland, Ohio, operates over 120 manufacturing sites and focuses on supply chain management, capital equipment, and manufactured components across three segments: Supply Technologies, Assembly Components, and Engineered Products.

The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share, payable on February 24, 2023, to shareholders who own shares by February 10, 2023. ParkOhio operates over 120 manufacturing sites and provides supply chain outsourcing, capital equipment, and manufactured components across three segments: Supply Technologies, Assembly Components, and Engineered Products. The release also highlights various risks affecting the company's future performance, including supply chain disruptions, economic uncertainties, and dependence on cyclical industries, all of which could impact dividends and overall financial stability.

Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported a Q3 2022 revenue increase of 22% to $436 million, with GAAP EPS at $0.22, reversing a loss of $(0.60) from Q3 2021. Year-to-date revenues reached $1.3 billion, up 20% year-over-year, with YTD GAAP EPS at $0.80. Strong performance was noted across all business segments, particularly in Supply Technologies, Assembly Components, and Engineered Products. Despite significant gains, ongoing macroeconomic challenges, including inflation and supply chain issues, may impact future guidance.

The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has announced a quarterly cash dividend of $0.125 per share, payable on December 2, 2022, to shareholders on record as of November 18, 2022. ParkOhio, headquartered in Cleveland, Ohio, operates over 120 manufacturing sites worldwide and provides supply chain management services. The press release also highlights various risks affecting future performance, including supply chain issues and economic uncertainties.

ParkOhio (NASDAQ: PKOH) will hold a conference call on November 8, 2022, at 10:00 a.m. Eastern Time, to discuss its Third Quarter 2022 Results. The call will be accessible live via the internet. ParkOhio is a diversified international company specializing in supply chain management, capital equipment, and manufactured components, operating over 120 facilities. Interested participants can access the live webcast at this link. For those unable to attend, the call will be archived on their website.

Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q2 2022 revenues of $429 million, a 22% increase from Q2 2021. GAAP EPS rose to $0.08 from a loss of $(0.44) in the previous year, while adjusted EPS improved to $0.21 from $(0.33). Year-to-date revenues were $847 million, up 19%. The company closed two strategic acquisitions expected to enhance margins. Supply Technologies reported record sales, while Assembly Components faced increased raw material costs and restructuring impacts.

ParkOhio (NASDAQ: PKOH) announced a webcast for its Second Quarter 2022 Results Conference Call on August 3, 2022, at 10:00 a.m. Eastern Time. Investors can participate by accessing the link provided. ParkOhio is a diversified international company focused on supply chain management and manufacturing components, operating over 120 manufacturing sites globally across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company emphasizes its commitment to providing world-class customer service.