Following these transactions, Wert now holds 84,540 shares directly and 4,000 shares indirectly through a family trust. This activity provides insight into the trading behavior of a key figure within Park Ohio Holdings, a company involved in metal forging and stampings. With a market capitalization of $413 million, PKOH maintains a solid financial health rating and has consistently paid dividends for 11 consecutive years, currently yielding 1.6%. With a market capitalization of $413 million, PKOH maintains a solid financial health rating and has consistently paid dividends for 11 consecutive years, currently yielding 1.6%.
Following these transactions, Wert now holds 84,540 shares directly and 4,000 shares indirectly through a family trust. This activity provides insight into the trading behavior of a key figure within Park Ohio Holdings, a company involved in metal forging and stampings.
In other recent news, Park Ohio Holdings Corp. reported stable demand and consolidated net sales during its third-quarter earnings call, achieving sales of $418 million. CEO Matthew Crawford emphasized a robust backlog and new business initiatives projected to spur revenue growth in the upcoming quarter. Notably, the company reported a rise in gross margin and a significant increase in year-to-date adjusted earnings per share (EPS).
In financial terms, Park Ohio reported an adjusted operating income and EBITDA of $25 million and $39 million, respectively, with year-to-date adjusted EPS up 15% to $2.94. The company also managed to boost liquidity to $194 million through the sale of $25 million in common stock and repayment of over $23 million in debt. Revenue in North America experienced a 19% increase year-over-year, with new equipment backlogs standing at $161 million.
These recent developments underscore the company's resilience amid market challenges. Despite facing lower sales in Assembly Components and a decline in operating income for North America, Park Ohio anticipates Q4 revenue growth supported by a strong backlog and new business initiatives. The company's full-year guidance projects a revenue growth of 1-2% and an adjusted EPS growth exceeding 10%.
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