Park-Ohio Income Improves

Jason Sandefur

Park-Ohio Holdings Corp. reported second quarter sales fell 4% to $159.9 million, while Q2 net income increased to $2.7 million from a loss of $500,000 during the second quarter of 2002. Fasteners make up more than 60% of sales for the Cleveland, OH-based supplier.
For the first half of 2003, sales dropped 1.8% to $314.8 million, and net income improved to $5.1 million from a loss of $500,000 during the first half of 2002.
�We continue to improve our performance in a flat economy,� CEO Edward Crawford stated. Tel: 216 692-7200 �2003 FastenerNews.com