ParkOhio Reports Q4 EPS of $0.30 vs. $0.29

Park-Ohio Holdings Corp. PKOH today announced results for its fourth quarter and year ended December 31, 2010.

Net sales were $220.5 million for fourth quarter 2010, an increase of 17% from net sales of $187.8 million for fourth quarter 2009. Net income for the fourth quarter of 2010 was $3.5 million, or $.30 per share dilutive compared to net income of $.2 million, or $.02 per share dilutive, for fourth quarter 2009.

Included in the 2009 results were a gain on the purchase of Park-Ohio Industries, Inc. 8.375% senior subordinated notes due 2014 of $1.2 million and impairment and restructuring charges of $7.0 million.