Park-Ohio Holdings Corp. expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 9, 2010).

Park-Ohio Holdings Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net sales of $187,795,000, loss before income taxes of $2,462,000, net income of $205,000 or $0.02 per basic and diluted share, EBITDA of $21,325,000 compared to net sales of $249,579,000, loss before income taxes of $99,727,000, net loss of $119,934,000 or $10.96 per basic and diluted share, EBITDA of $15,455,000 for the same period last year. Included in the 2009 results were impairment and restructuring charges totaling $7.0 million or $0.36 per share dilutive and a gain on the purchase of Park-Ohio Industries Inc. 8.375% senior subordinated notes due in 2014 of $1.2 million or $0.06 per share. Net income, as adjusted for the fourth quarter of 2009 and 2008 was $2.0 million or $0.17 per share dilutive and $1.7 million or $0.16 per share dilutive respectively. For the full year, the company reported net sales of $701,047,000, loss before income taxes of $6,037,000, net loss of $5,209,000 or $0.47 per basic and diluted share, EBITDA of $57,067,000 compared to net sales of $1,068,757,000, loss before income taxes of $98,817,000, net loss of $119,803,000 or $10.88 per basic and diluted share, EBITDA of $73,659,000 for the same period last year. Included in the 2009 results were impairment and restructuring charges totaling $7.0 million or $0.41 per share dilutive, a gain on the purchase of Park-Ohio Industries Inc. 8.375% senior subordinated notes due in 2014 of $6.3 million or $0.37 per share and a charge to reserve for an account receivable from a customer in bankruptcy of $4.2 million or $0.25 per share dilutive. Net loss as adjusted for 2009 was $0.7 million, or $0.06 per share compared to net income as adjusted for 2008 of $13.7 million, or $1.19 per share dilutive. The company also announced that it has amended its existing credit facility. The amendment was effective March 8, 2010 and along with other changes, extends the term of the facility to June 30, 2013. The amendment and restatement of the credit facility will continue to provide the company the flexibility to execute its strategy and take advantage of growth opportunities in its businesses. For the fourth quarter of 2009, the company recorded $7.0 million of asset impairment charges associated with general weakness in the economy including the railroad industry ($3.0 million in the Manufactured Products segment and $4.0 million in the Supply Technologies segment). The charges were composed of $1.8 million of inventory impairment included in Cost of Products Sold and $5.2 million for impairment of property and equipment.

Park-Ohio Holdings Corp., 2009 Earnings Call, Mar-09-2010

PARK OHIO HOLDINGS CORP Files SEC form 10-K, Annual Report

PARK OHIO HOLDINGS CORP Files SEC form 8-K, Entry into a Material Definitive Agreement

ParkOhio Announces 2009 Results

PARK OHIO HOLDINGS CORP Files SEC form 8-K, Change in Directors or Principal Officers

PARK OHIO HOLDINGS CORP Files SEC form 10-Q, Quarterly Report

ParkOhio Announces Third Quarter Results

PARK OHIO HOLDINGS CORP Files SEC form 10-Q, Quarterly Report