11/3/2011 10:50:00 AM
NEWS BRIEFS
Park-Ohio Revenue and Income Rise
Park-Ohio Holdings Corp. reported sales increased 20% to $243.5 million in the third quarter of 2011, while net income, before the restructuring and asset impairment charge in 2011, improved 32% to $8.2 million.
Supply Technologies segment revenue gained 20% to $124.8 million during Q3, with operating income growing 33% to $8.54 million.
Manufactured Products segment revenue during the quarter improved 39% to $88.45 million, while operating income rose 43% to $11.84 million.
Overall nine-month sales increased 23% to $593 million, while net income slid 10% to $10.5 million.
Supply Technology sales during the first nine months of 2011 increased 26.5% to $373.6 million, with segment operating income jumping 58% to $25.6 million.
Nine-month Manufacturing Products sales climbed 36% to $255.6 million , while operating income soared 52% to $31.7 million. ©2011 GlobalFastenerNews.com
Park-Ohio Holdings Corp. reported sales increased 20% to $243.5 million in the third quarter of 2011, while net income, before the restructuring and asset impairment charge in 2011, improved 32% to $8.2 million.
Supply Technologies segment revenue gained 20% to $124.8 million during Q3, with operating income growing 33% to $8.54 million.
Manufactured Products segment revenue during the quarter improved 39% to $88.45 million, while operating income rose 43% to $11.84 million.
Overall nine-month sales increased 23% to $593 million, while net income slid 10% to $10.5 million.
Supply Technology sales during the first nine months of 2011 increased 26.5% to $373.6 million, with segment operating income jumping 58% to $25.6 million.
Nine-month Manufacturing Products sales climbed 36% to $255.6 million, while operating income soared 52% to $31.7 million. ©2011 GlobalFastenerNews.com
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