Park-Ohio Holdings Corp. (PKOH) Tuesday reported a profit for the second quarter compared to a loss last year, driven mainly by a double-digit growth in revenues.
The Cleveland, Ohio-based company's second-quarter net profit was $4.44 million or $0.37 per share, compared to a net loss of $1.11 million or $0.10 per share last year.
Total revenues for the quarter grew 25 percent to $308.82 million from $246.81 million in the prior-year quarter.
Looking ahead, the company expects its full-year 2012 earnings in the range of $2.60 to $2.70 per share. Revenues for the year are anticipated in the range of $1.165 billion to $1.175 billion.
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