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 November 28, 2016, to shareholders of
record as of the close of business on November 14, 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 ability
to successfully identify, consummate and 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, 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/20161031005676/en/
Park-Ohio Holdings Corp.
Edward F. Crawford, 440-947-2000