Park-Ohio Holdings (PKOH) Reports a Q3 Loss
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- Park-Ohio Holdings (PKOH) Reports a Q3 Loss
- ParkOhio Announces Third Quarter Results
Park-Ohio Holdings Corp. (Nasdaq: PKOH) reports a Q3 loss of $0.29 vs. consensus of $0.18 profit (NOTE - only 1 analyst)
Net sales were $168.6 million for third quarter 2009, a reduction of 37% from net sales of $266.1 million for third quarter 2008. (Consensus is $169.60 million)
Edward F. Crawford, Chairman and Chief Executive Officer, stated, "The most difficult period in the company's history has been addressed and we look forward to the next 18 months."
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