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Industrial distributor and manufacturer Park-Ohio Holdings Corp. (NASDAQ: PKOH), Cleveland, OH, reported first-quarter sales of $317.8 million, an increase of 12.3 percent from the previous year. Profit decreased to $10.1 million, compared to $10.3 million reported a year ago.
“ParkOhio faced some early headwinds in the first quarter of 2014, however key operating components of the company performed well.” CEO Edward F. Crawford said.