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Posted May 17, 2019

ParkOhio sales grow by 4 percent

Park-Ohio Holdings Corp. said its net sales of $420.1 million in the first quarter of 2019 increased 4 percent from $405.7 million in the first quarter of 2018.


The increase was driven by organic growth of 2 percent and acquisition-related growth of 2 percent. Net income attributable to ParkOhio common shareholders was $11.2 million, or 90 cents per diluted share, compared to $9.8 million, or 78 cents, in the first quarter of 2018.

Supply Technologies segment sales of $165.3 million increased 2.7 percent from $160.9 million in the same period last year.

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