3/8/2011 2:09:00 AM
NEWS BRIEFS
Park-Ohio Achieves Higher Sales & Profit
Park-Ohio Holdings Corp. reported sales rose 16% to $813.5 million during 2010. Full-year net income reached $15.2 million versus a loss of $5.2 million the year before.
Fourth quarter sales increased 17% to $220.5 million.
Supply Technologies sales climbed 22% to $402.2 million in 2010, with segment income nearly tripling to $22.2 million. Those results included a 24% jump in sales to $106.86 million in the final quarter, while Q4 income swelled to $5.99 million.
“Our success in 2010 indicates we have the company well prepared for the future,” stated CEO Edward Crawford. “All three of our operating segments have increased their competitive edge, and we look forward to a bright future.” ©2011 GlobalFastenerNews.com
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