The Board of Directors of Park-Ohio Holdings Corp. (NASDAQ: PKOH) has
declared a quarterly cash dividend of $0.125 per share on the common
stock outstanding, to be paid on February 29, 2016, to shareholders of
record as of the close of business on February 15, 2016.
ParkOhio is a leading provider of supply management services and a
manufacturer of highly-engineered products. Headquartered in Cleveland,
Ohio, the Company operates 45 manufacturing sites and 55 supply chain
logistics facilities.
This news release contains forward-looking statements, including
statements regarding future performance of the Company that are subject
to certain risks, uncertainties and assumptions. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from
those anticipated, estimated or projected.
These forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance and achievements, or industry results, to be materially
different from any future results, performance or achievements expressed
or implied by such forward-looking statements. These factors that could
cause actual results to differ materially from expectations include, but
are not limited to the following: our ability to successfully integrate
acquired companies and achieve the expected results of such
acquisitions; our substantial indebtedness; the uncertainty of the
global economic environment; general business conditions and competitive
factors, including pricing pressures and product innovation; demand for
our products and services; raw material availability and pricing;
fluctuations in energy costs; component part availability and pricing;
changes in our relationships with customers and suppliers; the financial
condition of our customers, including the impact of any bankruptcies;
the amounts and timing, if any, of purchases of our common stock;
changes in general domestic economic conditions such as inflation rates,
interest rates, tax rates, unemployment rates, higher labor and
healthcare costs, recessions and changing government policies, laws and
regulations, adverse impacts to us, our suppliers and customers from
acts of terrorism or hostilities; our ability to meet various covenants,
including financial covenants, contained in the agreements governing our
indebtedness; disruptions, uncertainties or volatility in the credit
markets that may limit our access to capital; potential disruption due
to a partial or complete reconfiguration of the European Union;
increasingly stringent domestic and foreign governmental regulations,
including those affecting the environment; inherent uncertainties
involved in assessing our potential liability for environmental
remediation-related activities; the outcome of pending and future
litigation and other claims and disputes with customers; the outcome of
the review conducted by the special committee of our Board of Directors;
our dependence on the automotive and heavy-duty truck industries, which
are highly cyclical; the dependence of the automotive industry on
consumer spending, our ability to negotiate contracts with labor unions;
our dependence on key management; our dependence on information systems;
our ability to continue to pay cash dividends; and the other factors we
describe under the "Item 1A. Risk Factors" included in the Company's
annual report on Form 10-K for the year ended December 31, 2014. Any
forward-looking statement speaks only as of the date on which such
statement is made, and we undertake no obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise, except as required by law. In light of these
and other uncertainties, the inclusion of a forward-looking statement
herein should not be regarded as a representation by us that our plans
and objectives will be achieved. The Company assumes no obligation to
update the information in this release.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160202006253/en/
Park-Ohio Holdings Corp.
Edward F. Crawford, 440-947-2000