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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) will host a webcast for its Third Quarter 2021 Results Conference Call on November 3, 2021, at 10:00 a.m. Eastern Time. The event can be accessed live online at this link. ParkOhio, headquartered in Cleveland, Ohio, operates over 120 manufacturing sites and provides supply chain management, capital equipment, and manufactured components across three segments: Supply Technologies, Assembly Components, and Engineered Products.
ParkOhio (NASDAQ: PKOH) has appointed Brian Norris as President of Supply Technologies LLC, effective October 18, 2021. Norris brings 25 years of experience in distribution, serving previously as Vice President at Grainger. He succeeds John Chrzanowski, who will retire on November 30 after 14 years. The company emphasizes its commitment to customer service and growth strategies under Norris's leadership. ParkOhio operates over 120 manufacturing sites globally, offering supply chain solutions, capital equipment, and manufactured components.
Park-Ohio Holdings Corp. (NASDAQ: PKOH) reported Q2 2021 consolidated results with net sales of $350.0 million, up from $228.3 million a year earlier. The net loss attributable to shareholders was $5.3 million ($0.44 per diluted share), improved from a loss of $16.6 million ($1.38 per diluted share) in Q2 2020. The semiconductor chip shortage impacted sales by approximately $24 million, affecting EPS by an estimated $0.55. Despite challenges, year-to-date net sales increased to $709.6 million from $594.6 million, and the company expects organic sales growth of 8% to 12% for 2021.
ParkOhio (NASDAQ: PKOH) will host its Second Quarter 2021 Results Conference Call on August 4, 2021, at 10:00 a.m. Eastern Time. The call will be accessible via live webcast. Investors can also access an archived version on the company's website. ParkOhio is a diversified international company specializing in supply chain management, capital equipment, and manufactured components, operating over 120 facilities 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 August 20, 2021, to shareholders of record by August 6, 2021. ParkOhio is a diversified company providing supply chain management outsourcing, capital equipment, and manufactured components, with over 120 manufacturing sites globally. The release also highlights potential risks, including the impacts of the COVID-19 pandemic, substantial indebtedness, and economic uncertainties that may affect future performance.
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.