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ParkOhio Announces Fourth Quarter and Full Year 2020 Results

Press release content from Business Wire. The AP news staff was not involved in its creation.
ParkOhio Announces Fourth Quarter and Full Year 2020 Results
March 2, 2021 GMT
CLEVELAND, OHIO (BUSINESS WIRE) Mar 2, 2021
Park-Ohio Holdings Corp. (NASDAQ: PKOH) today announced its results for the fourth quarter and full year 2020.
Matthew V. Crawford, Chairman and Chief Executive Officer, stated, “We are pleased to have ended the year with continued strengthening in the performance of our diversified business. Despite the challenges of last year, 2020 will be remembered as the year during which we realigned our business and created a stronger foundation for future growth. Our areas of greatest focus included lowering our cost to serve our global customer base and refining our allocation of capital towards our most strategic products and services. While we continue to see the lingering effects of the pandemic, we are positioned to see improving sales and quality o ....

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