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May 13, 2008

Park-Ohio Sales Flat in 1Q

Park-Ohio Holdings Corp., Cleveland, OH, reported sales of $267.1 million for the first quarter 2008, unchanged from the first quarter 2007.
 
Park-Ohio reported profit of $3.5 million, down slightly from the year-ago period.
 
"We anticipated a slow start in 2008, with softness in our Supply Technologies and Aluminum Products segments," said Edward F. Crawford, CEO. "Our international industrial equipment business continues to be robust."
 
Park-Ohio is a provider of supply management services and a manufacturer of highly engineered products. The company operates 24 manufacturing sites and 55 supply chain logistics facilities.

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