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 August 26, 2016, to shareholders of
record as of the close of business on August 12, 2016.
ParkOhio is a diversified international company providing world class
customers with a supply chain management outsourcing service, capital
equipment used on their production lines, and manufactured components
used to assemble their products. Headquartered in Cleveland, Ohio,
ParkOhio operates 45 manufacturing sites and 54 supply chain logistics
facilities, through three reportable segments: Supply Technologies,
Assembly Components and Engineered Products.
This news release contains forward-looking statements, including
statements regarding future performance of the Company, that are subject
to 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
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;
our ability to successfully integrate recent and future acquisitions
into existing operations; 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, including the uncertainties related to
the current global financial crises; 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; 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, 2015. 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/20160729005611/en/
Park-Ohio Holdings Corp.
Edward F. Crawford, 440-947-2000