Park-Ohio Holdings Corp. reported sales, including fasteners, rose 18% to a record $374.7 million for the first quarter of 2015. Operating income increased 9.5% to $24.3 million, and net income improved 7% to $10.8 million.
In addition, EBITDA increased 15.5% to a quarterly record of $33.5 million.
“ParkOhio is off to a great start in 2015 with record revenue performance, and we expect this trend to continue,” stated CEO Edward F. Crawford.
Supply Technologies segment revenue, including fasteners, increased 12.6% to $151.4 in Q1, while segment income grew 40.6% to $14.2 million.(…)
