Park-Ohio Sales Up
May 02
00:00
2005
Park-Ohio Sales Up
Jason Sandefur
Park-Ohio Holdings Corp. reported net sales increased 19% to $228.9 million for first quarter of 2005, while net income gained 7% to $6.2 million.
Q1 sales for the company’s Integrated Logistics Services, including fasteners, grew 9.1% to $126.9 million, while operating income slipped 10.9% to $8.2 million. CEO Edward Crawford said Park-Ohio experienced a “rising trend in our margins as a result of our pricing and cost reduction initiatives.” Web: pkoh.com �2005 FastenerNews.com
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