Last $54.50 USD
Change Today +1.14 / 2.14%
Volume 19.3K
PKOH On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

park-ohio holdings corp (PKOH) Snapshot

Open
$53.29
Previous Close
$53.36
Day High
$54.50
Day Low
$52.30
52 Week High
12/30/14 - $65.24
52 Week Low
02/11/14 - $43.11
Market Cap
681.9M
Average Volume 10 Days
21.5K
EPS TTM
$3.70
Shares Outstanding
12.5M
EX-Date
11/13/14
P/E TM
14.7x
Dividend
$0.50
Dividend Yield
0.69%
Current Stock Chart for PARK-OHIO HOLDINGS CORP (PKOH)

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park-ohio holdings corp (PKOH) Details

Park-Ohio Holdings Corp., through its subsidiaries, operates as an industrial supply chain logistics and diversified manufacturing company in the United States, Asia, Canada, Mexico, and Europe. The company operates in three segments: Supply Technologies, Assembly Components, and Engineered Products. The Supply Technologies segment provides Total Supply Management services, such as engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing services, and technical support services. This segment also offers valves, electro-mechanical hardware, fittings, steering, and other components; and engineers and manufactures precision cold formed and cold extruded products consisting of locknuts, SPAC nuts, and wheel hardware. This segment serves customers in heavy-duty truck; automotive, truck, and vehicle parts; power sports and recreational equipment; bus and coaches; electrical distribution and controls; agricultural and construction equipment; consumer electronics; HVAC; lawn and garden; semiconductor equipment; aerospace and defense; and plumbing. The Assembly Components segment manufactures cast aluminum components, automotive and industrial rubber, thermoplastic products, fuel fillers, and hydraulic assemblies for automotive, agricultural equipment, construction equipment, and marine equipment industries. This segment also offers design and engineering, machining, and part assembly services. The Engineered Products segment is involved in the engineering, construction, service, and repair of induction heating and melting systems to component manufacturers and original equipment manufacturers in the ferrous and non-ferrous metals, silicon, coatings, forging, foundry, automotive, truck, construction equipment, and oil and gas industries. Park-Ohio Holdings Corp. was founded in 1961 and is headquartered in Cleveland, Ohio.

5,000 Employees
Last Reported Date: 03/14/14
Founded in 1961

park-ohio holdings corp (PKOH) Top Compensated Officers

Chairman, Chief Executive Officer, Member of ...
Total Annual Compensation: $750.0K
President, Chief Operating Officer, Director ...
Total Annual Compensation: $1.0M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $670.0K
Secretary and General Counsel
Total Annual Compensation: $615.0K
Director of Corporate Development
Total Annual Compensation: $580.0K
Compensation as of Fiscal Year 2013.

park-ohio holdings corp (PKOH) Key Developments

Park-Ohio Holdings Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revised Earnings Guidance for the Year Ending December 31, 2014; Provides Operating Cash Flow Guidance for the Fourth Quarter Ending December 31, 2014

Park-Ohio Holdings Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's net sales were $344.6 million against $303.5 million a year ago. Operating income was $26.4 million against $18.3 million a year ago. Income from continuing operations before income taxes was $19.9 million against $12.4 million a year ago. Net income from continuing operations was $12.5 million or $1 per diluted share against $8.7 million or $0.69 per diluted share a year ago. Net income attributable to the company common shareholders was $12.4 million or $1.00 per diluted share against $12.2 million or $0.99 per diluted share a year ago. EBITDA, as defined was $35.8 million against $29.4 million a year ago. Adjusted earnings were $12.6 million or $1.02 per share compared to $12.1 million or $0.99 per share a year ago. Adjusted net income from continuing operations was $14.2 million or $1.15 per diluted share compared to $11.4 million or $0.93 per diluted share a year ago. The revenue increase is attributable to volume increases in the Supply Technologies segment and the Assembly Components segment, slight offset by volume declines in Engineered Products segment. Approximately 1/3 of the revenue growth is attributable to acquisitions and 2/3 of the growth are due to organic growth efforts. The net capital expenditures were $1.6 million in the third quarter of 2014. For the nine months, the company's net sales were $1,005.7 million against $893.8 million a year ago. Operating income was $74.7 million against $66.3 million a year ago. Income from continuing operations before income taxes was $55.3 million against $47.5 million a year ago. Net income from continuing operations was $35.7 million or $2.82 per diluted share against $31.5 million or $2.57 per diluted share a year ago. Net income attributable to the company common shareholders was $34.9 million or $2.82 per diluted share against $34.5 million or $2.83 per diluted share a year ago. Net cash provided by operating activities was $33.5 million against $36.9 million a year ago. Purchases of property, plant and equipment was $13.9 million against $24.4 million a year ago. EBITDA, as defined was $96.6 million against $88.8 million a year ago. Adjusted earnings were $36.3 million or $2.94 per share compared to $34.2 million or $2.81 per share a year ago. The company currently forecast consolidated 2014 revenues to be approximately 13.5% to 14.5% greater than 2013 revenues. The company also updating forecast of earnings from continuing operations attributable to common shareholders per diluted share to be in the range of $3.99 to $4.19 per diluted share, which is 20.5% to 26.6% greater than the earnings from continuing operations attributable to common shareholders of $3.31 per diluted share in 2013. As adjusted, earnings are forecasted to increase 12.6% to 18.0% in 2014 to be in the range of $4.12 to $4.32 per diluted share compared to $3.66 per diluted share in 2013. The increase in 2014 forecasted as adjusted earnings per diluted share is primarily attributable to the growth in the Supply Technologies segment and the Assembly Components segment and the expected strong fourth quarter for the Engineered Products segment. In addition, the company is also forecasting EBITDA, as defined, to be in the range of $132.5 million to $137.0 million for the year ending December 31, 2014. The company is now forecasting full year effective tax rate to come in at approximately 35.3%. The company still has projects in the queue that support full year capital expenditure forecast of $26 million, the company now believes that some of the spending will be deferred in the 2015. The company is projecting another $20 million to $30 million of operating cash flows in the fourth quarter of 2014 depending on the timing of year-end shipments and collections.

Park-Ohio Announces Quarterly Cash Dividend, Payable on December 1, 2014

The Board of Directors of Park-Ohio Holdings Corp. has declared a quarterly cash dividend of $0.125 per share on the common stock outstanding, to be paid on December 1, 2014, to shareholders of record as of the close of business on November 17, 2014.

Park-Ohio Holdings Corp., Q3 2014 Earnings Call, Nov 05, 2014

Park-Ohio Holdings Corp., Q3 2014 Earnings Call, Nov 05, 2014

 

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Industry Analysis

PKOH

Industry Average

Valuation PKOH Industry Range
Price/Earnings 15.0x
Price/Sales 0.5x
Price/Book 3.4x
Price/Cash Flow 15.2x
TEV/Sales 0.2x
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