5/10/2011
NEWS BRIEFS
Park-Ohio Sees Profit Jump Amid Higher Sales
Park-Ohio Holdings Corp. reported sales increased 26% to $241.6 million during the first quarter of 2011.
Gross profit improved 43% to $41.93 million, while net income quadrupled to $8.7 million. EBITDA grew 58% to $20.67 million.
“We are beginning to make progress,” stated CEO Edward Crawford.
During 2010 sales rose 16% to $813.5 million, with net income reaching $15.2 million versus a loss of $5.2 million the year before. ©2011 GlobalFastenerNews.com
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