Park-Ohio Holdings (PKOH) Declares $0.125 Quarterly Dividend; 1.2% Yield
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ParkOhio Reports Results for the First Quarter of 2016 and Announces Quarterly Dividend
April 28, 2016 8:30 PM EDTCLEVELAND, OHIO--(BUSINESS WIRE)-- Park-Ohio Holdings Corp. (NASDAQ: PKOH) today announced its results for the first quarter of 2016.
FIRST QUARTER RESULTS
Net sales were $328.0 million for the first quarter of 2016, a decrease of $46.7 million, or 12.5%, from net sales of $374.7 million for the first quarter of 2015. ParkOhio reported net income attributable to ParkOhio common shareholders of $2.7 million, or $0.22 per diluted share for the first quarter of 2016. This compared to net income attributable to ParkOhio common shareholders of $10.8 million, or $0.87 per diluted share, for the first quarter of 2015. As adjusted earnings... More
