Welcome to our dedicated page for Park-Ohio Hldgs news (Ticker: PKOH), a resource for investors and traders seeking the latest updates and insights on Park-Ohio Hldgs stock.
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 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.