Park-Ohio Profit Jumps

Jason Sandefur

Park-Ohio Holdings Corp. reported net income for the third quarter of 2004 soared to $4 million, compared with net income of $100,000 during the third quarter of 2003. Sales rose 37% to $200.9 million.
For the first nine months of 2004, revenue rose 29% to $594.2 million, while net income more than doubled to $16.5 million. “We continue to benefit from increased revenue and lower operating expenses,” stated CEO Edward Crawford. Web: pkoh.com �2004 FastenerNews.com