ParkOhio Announces Fourth Quarter and Full Year 2023 Results and the Acquisition of EMA Indutec GmbH

CLEVELAND, OHIO–(BUSINESS WIRE)–Park-Ohio Holdings Corp. (NASDAQ: PKOH) today announced its results for the fourth quarter and full year 2023. “Our team delivered strong growth of 11% during 2023 even with the adverse impact of the UAW strikes during the fourth quarter.  These results represented record revenue for our business in total and for every business segment.  Additionally, gross margin increased more than 200 basis points over 2022, and operating cash flow exceeded $53 million, whic

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