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Park-Ohio: 1Q Earnings Snapshot

CLEVELAND (AP) _ Park-Ohio Holdings Corp. (PKOH) on Monday reported first-quarter earnings of $11.2 million.

On a per-share basis, the Cleveland-based company said it had net income of 90 cents. Earnings, adjusted for one-time gains and costs, were $1.01 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.

The industrial supply-chain logistics company posted revenue of $420.1 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $420 million.

Park-Ohio expects full-year earnings in the range of $4.30 to $4.60 per share.

Park-Ohio shares have increased 21% since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.23, a climb of slightly more than 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PKOH at https://www.zacks.com/ap/PKOH