ParkOhio Announces Quarterly Dividend
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, 2018, to shareholders of record as of the close of business on November
14, 2018.
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 more than 125 manufacturing sites and 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 those related to the current global uncertainties and 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 or import and export controls and other
trade barriers; 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 “Item 1A. Risk Factors” included in the Company’s Annual Report on Form
10-K for the year ended December 31, 2017. 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.
Matthew V. Crawford
Park-Ohio Holdings Corp.
440-947-2000
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