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CLEVELAND - Park-Ohio Holdings Corp. (NASDAQ:PKOH) announced Friday that its Board of Directors has declared a quarterly cash dividend of $0.125 per share on outstanding common stock.
The dividend will be paid on August 15, 2025, to shareholders of record as of the close of business on August 1, 2025, according to a company press release.
ParkOhio is a diversified international company that provides supply chain management outsourcing services, capital equipment for production lines, and manufactured components for product assembly. The Cleveland-based firm, with a market capitalization of $233.5 million and annual revenue of $1.64 billion, operates approximately 130 manufacturing sites and supply chain logistics facilities worldwide across three business segments: Supply Technologies, Assembly Components and Engineered Products. Trading at a P/E ratio of 5.73 and currently near its 52-week low, analysis suggests the stock may be undervalued.
The company maintains its regular quarterly dividend payment amid various market challenges mentioned in its forward-looking statements, including supply chain issues, raw material availability, and global economic uncertainties. With a healthy current ratio of 2.41, the company’s liquid assets exceed its short-term obligations, providing financial flexibility. Discover more insights about PKOH’s financial health and growth potential in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Park-Ohio Holdings Corp. announced preliminary financial results for the second quarter of 2025, estimating net sales between $400 million and $410 million. The company also projects Adjusted EBITDA in the range of $34 million to $37 million. Park-Ohio Industries, a subsidiary of Park-Ohio Holdings Corp., has priced an offering of $350 million in senior secured notes due 2030 at an interest rate of 8.5% per annum. The proceeds from this offering, along with cash on hand, will be used to redeem all outstanding 6.625% Senior Notes due 2027 and cover related expenses. Shareholders of Park Ohio Holdings Corp. approved an amended equity and incentive compensation plan, expanding the available shares for awards by an additional 675,000 shares. Furthermore, during its Annual Meeting of Shareholders, Park-Ohio announced the election of Edward F. Crawford, John D. Grampa, and Steven H. Rosen as directors to serve until 2028. Additionally, the appointment of Ernst & Young LLP as the company’s independent public accounting firm for 2025 was ratified. These developments highlight Park-Ohio’s ongoing strategic initiatives and governance updates.
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