Park-Ohio Hldgs Corp Stock Price, News & Analysis

Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported first-quarter 2021 net sales of $359.6 million, down from $366.3 million in Q1 2020. However, net income rose to $5.5 million, or $0.45 per diluted share, up from $1.2 million, or $0.10 per diluted share, in the same period last year. Significant factors included a substantial debt reduction and the strategic acquisition of NYK Component Solutions. The Supply Technologies segment experienced a 12% year-over-year sales increase, while Engineered Products saw a decline. A quarterly cash dividend of $0.125 per share was declared, payable May 21, 2021.

ParkOhio (NASDAQ: PKOH) will host a First Quarter 2021 Results Conference Call on May 5, 2021, at 10:00 a.m. Eastern Time. Investors can access the live webcast through the company's website. ParkOhio operates over 120 manufacturing sites globally and provides supply chain management outsourcing services, capital equipment, and manufactured components through three reportable segments: Supply Technologies, Assembly Components, and Engineered Products. Archived details will be accessible post-event at www.pkoh.com.

The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has declared a quarterly cash dividend of $0.125 per share on common stock, payable on May 21, 2021, to shareholders recorded by the close of business on May 7, 2021. ParkOhio operates over 120 manufacturing sites and provides supply chain management, capital equipment, and components across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company acknowledges risks including the COVID-19 pandemic impact, substantial indebtedness, and market uncertainties.

ParkOhio (NASDAQ: PKOH) has successfully acquired NYK Component Solutions, a UK-based distributor of circular connectors, enhancing its supply chain management services. This acquisition is expected to generate over $10 million in annual sales and is projected to be immediately accretive to earnings. The move aims to broaden ParkOhio's product offerings and customer base across Europe and North America, further solidifying its position in the aerospace and defense sectors.

Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported its fourth quarter and full year 2020 results, indicating a challenging year due to the pandemic. Q4 net sales were $360.4 million, down from $379.5 million in 2019, with a net income of $5.6 million ($0.46 per share), down from $7.6 million ($0.61 per share) a year earlier. The full year saw net sales decrease to $1.3 billion, with a net loss of $4.5 million ($0.37 per share), contrasting with a profit of $38.6 million ($3.12 per share) in 2019. For 2021, the company anticipates organic sales growth of 8% to 12% and improved EBITDA margins.

ParkOhio (NASDAQ: PKOH) will host a conference call on March 3, 2021, at 10:00 a.m. ET to discuss its Fourth Quarter & Full Year 2020 Results. The call will be available via a live webcast, accessible through their official website. ParkOhio is a diversified company providing supply chain management services and manufacturing components across three segments: Supply Technologies, Assembly Components, and Engineered Products. The company operates over 125 facilities globally.

The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ:PKOH) has announced a quarterly cash dividend of $0.125 per share, set for payment on February 26, 2021, to shareholders recorded as of February 12, 2021. ParkOhio is a diversified firm with over 125 manufacturing and supply chain logistics sites globally, operating through segments such as Supply Technologies and Engineered Products. The release includes forward-looking statements about potential impacts from COVID-19, industry cycles, and economic factors that could affect future performance.

Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported third quarter 2020 results, showing net sales of $340.2 million, down from $403.4 million in Q3 2019. Net income was $5.3 million or $0.44 per diluted share, a decrease from $12.2 million or $0.99 per diluted share year-over-year. However, there was a 49% increase in net sales compared to Q2 2020. The company declared a quarterly cash dividend of $0.125 per share, payable on November 30, 2020. Operating cash flow was reported at $23.3 million, with liquidity rising to $242.5 million.

ParkOhio (NASDAQ: PKOH) will host its Third Quarter 2020 Results Conference Call on November 4, 2020, at 10:00 a.m. Eastern Time. The call will be available live via a webcast. Investors can access the call at this link. For those unable to attend, the call will be archived on ParkOhio's website. The company provides supply chain management and manufacturing solutions through three segments: Supply Technologies, Assembly Components, and Engineered Products, operating over 125 facilities globally.