Park-Ohio Holdings Corp. (PKOH) Monday reported fourth-quarter net income of $7.7 million or $0.63 per share, compared to $18.9 million or $1.58 per share in the comparable quarter last year.
Net sales for the latest fourth quarter grew 18 percent to $275.71 million from $234.59 million in the prior-year quarter.
Looking ahead, the company currently expects its full-year 2013 earnings in the range of $3.65 to $3.95 per share. Revenues for the year are expected to be approximately 8% greater than 2012 revenues.
The company also announced that its Board of Directors has authorized a share repurchase program whereby the company may repurchase up to 1.0 million shares of its outstanding common stock. This replaces a share repurchase plan previously authorized by the Board of Directors in 2006.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.