10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2012

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from             to            

Commission file number 333-43005-01

Park-Ohio Industries, Inc.

(Exact name of registrant as specified in its charter)

Ohio	34-6520107
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
6065 Parkland Boulevard, Cleveland, Ohio	44124
(Address of principal executive offices)	(Zip Code)

440/947-2000

(Registrant’s telephone number, including area code)

Pursuant to a corporate reorganization effective June 15, 1998,

Park-Ohio Industries, Inc. became a wholly-owned subsidiary of Park-Ohio Holdings Corp.

The registrant meets the conditions set forth in general instruction H(1)(a) and (b) of Form 10-Q and is therefore filing this form in reduced disclosure format.

Indicate by check mark whether the registrant:

(1) Has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months (or for such shorter period that the registrant was required to file such reports) and

(2) Has been subject to such filing requirements for the past 90 days.    Yes  ¨    No  x

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	x  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

All of the outstanding capital stock of the registrant is held by Park-Ohio Holdings Corp. As of October 31, 2012, 100 shares of the registrant’s common stock, $1 par value, were outstanding.

The Exhibit Index is located on page 28.

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

INDEX

		Page
PART I. FINANCIAL INFORMATION
Item 1.	Financial Statements		3
	Condensed consolidated balance sheets — September 30, 2012 and December 31, 2011		3
	Condensed consolidated statements of income — Three and nine months ended September  30, 2012 and 2011		4
	Condensed consolidated statements of comprehensive income (loss) — Three and nine months ended September 30, 2012 and 2011		5
	Condensed consolidated statement of shareholder’s equity  — Nine months ended September 30, 2012		6
	Condensed consolidated statements of cash flows — Nine months ended September  30, 2012 and 2011		7
	Notes to unaudited condensed consolidated financial statements — September 30, 2012		8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		19
Item 3.	Quantitative and Qualitative Disclosure About Market Risk		24
Item 4.	Controls and Procedures		24
PART II. OTHER INFORMATION
Item 1.	Legal Proceedings		25
Item 1A.	Risk Factors		26
Item 6.	Exhibits		26
SIGNATURE			27
EXHIBIT INDEX			28

2

PART I. Financial Information

ITEM 1. Financial Statements

PARK-OHIO INDUSTRIES INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

	(Unaudited) September  30, 2012			December 31, 2011
	(Dollars in thousands)
ASSETS
Current assets:
Cash and cash equivalents	$	36.339		$	61,297
Accounts receivable, less allowances for doubtful accounts of $3,078 at September 30, 2012 and $5,483 at December 31, 2011		172,949			139,750
Inventories, net		223,922			202,039
Deferred tax assets		22,244			20,561
Unbilled contract revenue		9,541			18,778
Other current assets		20,131			10,309
Total Current Assets		485,126			452,734
Property, plant and equipment:
Land and land improvements		5,629			3,604
Buildings		58,675			50,620
Machinery and equipment		242,810			206,809
		307,114			261,033
Less accumulated depreciation		207,875			198,007
		99,239			63,026
Other assets:
Goodwill and other intangible assets		97,550			20,187
Other		62,429			61,452
	$	744,344		$	597,399
LIABILITIES AND SHAREHOLDER’S EQUITY
Current liabilities:
Trade accounts payable	$	120,352		$	99,562
Payables to affiliates		1,845			1,569
Accrued expenses		94,908			73,298
Current portion of long-term debt		4,230			1,415
Current portion of other postretirement benefits		2,002			2,002
Total Current Liabilities		223,337			177,846
Long-term liabilities, less current portion:
Senior Notes		250,000			250,000
Credit facility		125,929			93,000
Other long-term debt		2,821			3,165
Deferred tax liability		29,728			1,392
Other postretirement benefits and other long-term liabilities		26,774			24,285
		435,252			371,842
Shareholder’s equity
Common stock, par value $1 a share		—			—
Additional paid-in capital		73,066			59,867
Retained earnings (deficit)		19,110			(3,721	)
Accumulated other comprehensive (loss)		(6,421	)		(8,435	)
		85,755			47,711
	$	744,344		$	597,399

Note: The balance sheet at December 31, 2011 has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.

See accompanying notes to these unaudited condensed consolidated financial statements. The accompanying notes are an integral part

of these unaudited condensed consolidated financial statements.

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PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
	(Dollars in thousands)
Net sales	$	286,462	$	243,544	$	858,335	$	731,980
Cost of products sold		232,532		201,670		699,576		602,942
Gross profit		53,930		41,874		158,759		129,038
Selling, general and administrative expenses		31,264		26,247		89,387		80,590
Restructuring and asset impairment charge		—		5,359		—		5,359
Settlement of litigation		—		—		13,000		—
Operating income		22,666		10,268		56,372		43,089
Interest expense		6,523		6,218		19,805		26,331
Income before income taxes		16,143		4,050		36,567		16,758
Income taxes		5,449		1,178		12,236		6,068
Net income	$	10,694	$	2,872	$	24,331	$	10,690

See accompanying notes to these unaudited condensed consolidated financial statements. The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2012		2011			2012		2011
	(Dollars in thousands)
Net income	$	10,694	$	2,872		$	24,331	$	10,690
Other comprehensive income:
Foreign currency translation gain (loss)		2,473		(3,191	)		803		245
Pension and postretirement benefit adjustments		404		136			1,211		349
Total other comprehensive income (loss)		2,877		(3,055	)		2,014		594
Comprehensive income (loss), net of tax	$	13,571	$	(183	)	$	26,345	$	11,284

See accompanying notes to these unaudited condensed consolidated financial statements. The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

5

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDER’S EQUITY (UNAUDITED)

	Common Stock		Additional Paid-In Capital		Retained Earnings			Accumulated Other Comprehensive (Loss)			Total
	(Dollars in thousands)
Balance at January 1, 2012	$	—	$	59,867	$	(3,721	)	$	(8,435	)	$	47,711
Other comprehensive income		—		—		24,331			2,014			26,345
Share-based compensation expense		—		2,168		—			—			2,168
Income tax effect of share-based compensation exercises and vesting		—		1,031		—			—			1,031
Dividend paid to parent		—		—		(1,500	)		—			(1,500	)
Capital contribution from parent		—		10,000		—			—			10,000
Balance at September 30, 2012	$	—	$	73,066	$	19,110		$	(6,421	)	$	85,755

See accompanying notes to these unaudited condensed consolidated financial statements. The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

	Nine Months Ended September 30,
	2012			2011
	(Dollars in thousands)
OPERATING ACTIVITIES
Net income	$	24,331		$	10,690
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		12,848			11,833
Debt extinguishment costs		305			7,335
Restructuring and asset impairment charge		—			5,359
Gain on sale of property		(250	)		—
Share-based compensation		2,168			1,525
Changes in operating assets and liabilities:
Accounts receivable		(2,280	)		(18,255	)
Inventories and other current assets		(7,799	)		(22,926	)
Accounts payable and accrued expenses		9,869			37,501
Other		4,852			(14,722	)
Net Cash Provided by Operating Activities		44,044			18,340
INVESTING ACTIVITIES
Purchases of property, plant and equipment, net		(16,890	)		(8,316	)
Proceeds from sale of property		400			—
Acquisitions, net of cash acquired		(96,570	)		—
Net Cash Used by Investing Activities		(113,060	)		(8,316	)
FINANCING ACTIVITIES
Proceeds from (payments on) term loans and other debt		25,687			(36,052	)
Proceeds from (payments on) revolving credit facility, net		9,715			1,000
Dividend paid to parent		(1,500	)		—
Issuance of 8.125% senior notes due 2021, net of deferred financing costs		—			244,970
Redemption of 8.375% senior subordinated notes due 2014		—			(189,555	)
Bank debt issue costs		(875	)		(1,080	)
Distribution of capital to shareholder		—			(750	)
Income tax effect of share-based compensation exercises and vesting		1,031			—
Capital contribution from parent		10,000			—
Net Cash Provided by Financing Activities		44,058			18,533
(Decrease) Increase in Cash and Cash Equivalents		(24,958	)		28,557
Cash and Cash Equivalents at Beginning of Period		61,297			35,075
Cash and Cash Equivalents at End of Period	$	36,339		$	63,632
Taxes paid	$	4,834		$	2,466
Interest paid (includes $5,720 of senior subordinated debt redemption costs in 2011)		12,694			10,449

See accompanying notes to these condensed consolidated financial statements. The accompanying notes are an integral part

of these unaudited condensed consolidated financial statements.

7

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2012

(Dollar amounts in thousands)

NOTE A — Basis of Presentation

The condensed consolidated financial statements include the accounts of Park-Ohio Industries, Inc. and its subsidiaries (collectively, “we” or the “Company”). All significant intercompany transactions have been eliminated in consolidation. Park-Ohio Industries, Inc. is a wholly-owned subsidiary of Park-Ohio Holdings Corp. (“Holdings”). Certain amounts in the prior years’ financial statements have been reclassified to conform to the current year presentation.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-month and nine-month periods ended September 30, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

NOTE B — Recent Accounting Pronouncements

Accounting Pronouncements Adopted in the Nine Months Ended September 30, 2012

In June 2011, the FASB issued ASU No. 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income.” ASU No. 2011-05 amends existing guidance by allowing only two options for presenting components of net income and other comprehensive income: (1) in a single continuous financial statement, statement of comprehensive income or (2) in two separate but consecutive financial statements, consisting of an income statement followed by a separate statement on other comprehensive income. Also, items that are reclassified from other comprehensive income to net income must be presented on the face of the financial statements. ASU No. 2011-05 requires retrospective application, and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 , with early adoption permitted. In December 2011, the FASB issued ASU No. 2011-12, deferring its requirements that companies present reclassification adjustments for each component of accumulated other comprehensive income in both net income and other comprehensive income on the face of the financial statements. Entities continue to be required to present amounts reclassified out of accumulated other comprehensive income on the face of the financial statements or disclose those amounts in the notes to the financial statements. The requirement to present reclassification adjustments in interim periods was also deferred. However, entities are required to report a total for comprehensive income in condensed financial statements of interim periods in a single continuous statement or in two consecutive statements. The FASB is reconsidering the presentation requirements for reclassification adjustments. The Company adopted ASU No. 2011-5 in the first quarter of 2012 and elected to present the components of net income and comprehensive income in two separate but consecutive statements.

NOTE C — Segments

On March 23, 2012, the Company completed the acquisition of Fluid Routing Solutions Holding Corp. (“FRS”), a leading manufacturer of automotive and industrial rubber and thermoplastic hose products and fuel filler and hydraulic fluid assemblies for the automotive and industrial industries. FRS will expand the Company’s sales of assembled components.

During the second quarter of 2012, as a result of the FRS acquisition, the Company realigned its segments in order to better align its business with the underlying markets and customers that the Company serves. In so doing, we combined Aluminum Products, Rubber Products (previously included in the former Manufactured Products segment), and Delo Screw Products (previously included in the Supply Technologies segment) along with FRS to form the Assembly Components segment. The former Manufactured Products segment will now be referred to as Engineered Products. The results of operations of FRS from the date of the acquisition through September 30, 2012 are included in the Assembly Components segment. The business segment results for the prior year have been reclassified to reflect these changes. Following is a description of each of our three reportable segments.

Supply Technologies provides our customers with Total Supply Management™ services for a broad range of high-volume, specialty production components. Total Supply Management™ manages the efficiencies of every aspect of supplying production parts and materials to our customers’ manufacturing floor, from strategic planning to program implementation, and includes such services as engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing services and ongoing technical support. Assembly Components manufactures cast aluminum components, automotive and industrial rubber and thermoplastic products, fuel filler and hydraulic assemblies for automotive, agricultural equipment, construction equipment, heavy-duty truck and marine equipment industries. Assembly Components also provides value-added services such as design and engineering, machining and assembly. Engineered Products operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of high quality products engineered for specific customer applications.

8

The Company primarily evaluates performance and allocates resources based on segment operating income as well as projected future performance. Segment operating income is defined as revenues less expenses identifiable to the product lines included within each segment. Segment operating income reconciles to consolidated income before income taxes by deducting corporate costs and other income or expense items that are not attributed to the segments and net interest expense.

Results by business segment were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Net sales:
Supply Technologies	$	117,384		$	123,186		$	381,541		$	368,509
Assembly Components		84,426			38,131			220,474			126,142
Engineered Products		84,652			82,227			256,320			237,329
	$	286,462		$	243,544		$	858,335		$	731,980
Segment operating income:
Supply Technologies	$	7,632		$	7,896		$	27,204		$	24,493
Assembly Components		6,013			(1,039	)		14,393			3,017
Engineered Products		14,187			13,584			42,667			34,480
		27,832			20,441			84,264			61,990
Corporate costs		(5,166	)		(4,814	)		(14,892	)		(13,542	)
Settlement of litigation		—			—			(13,000	)		—
Restructuring and asset impairment charge		—			(5,359	)		—			(5,359	)
Interest expense		(6,523	)		(6,218	)		(19,805	)		(26,331	)
Income before income taxes	$	16,143		$	4,050		$	36,567		$	16,758

	September 30,		December 31,
	2012		2011
Identifiable assets:
Supply Technologies	$	222,265	$	225,346
Assembly Components		235,907		72,232
Engineered Products		204,407		195,834
General corporate		81,765		103,987
	$	744,344	$	597,399

NOTE D — Inventories

The components of inventory consist of the following:

	September 30,		December 31,
	2012		2011
Finished goods	$	117,229	$	122,010
Work in process		28,784		20,660
Raw materials and supplies		77,909		59,369
	$	223,922	$	202,039

NOTE E — Stock-Based Compensation

Holdings’ grants share-based compensation awards to the Company’s employees. In accordance with ASC 718, “Compensation - Stock Compensation” such costs have been allocated to the Company. Total stock-based compensation expense recorded in the first nine months of 2012 and 2011 was $2,168 and $1,525, respectively. Total stock compensation expense recorded in the third quarter of 2012 and 2011 was $807 and $605, respectively. There were no stock options awards during the first nine months of 2012 and 2011. There were 88 shares of Holdings’ restricted stock awarded during the three months ended September 30, 2012 at prices ranging from $19.38 to $19.45 per share. There were 258 shares of restricted stock awarded during the nine months ended September 30, 2012 at prices ranging from $18.82 to $21.59 per share. There were 140 shares of Holdings’ restricted stock awarded during the nine months ended September 30, 2011 at a price of $20.90 per share all of which were awarded during the three month period ended June 30, 2011. As of September 30, 2012, there was $6,588 of unrecognized compensation cost related to non-vested stock-based compensation, which cost is expected to be recognized over a weighted average period of 2.3 years.

9

NOTE F — Pension Plans and Other Postretirement Benefits

The components of net periodic benefit (gain) cost recognized during interim periods were as follows:

	Pension Benefits												Postretirement Benefits
	Three Months Ended  September 30,						Nine Months Ended September 30,						Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011			2012			2011			2012			2011
Service costs	$	542		$	604		$	1,626		$	1,317		$	15		$	12		$	45		$	36
Interest costs		565			596			1,695			1,787			201			228			603			683
Expected return on plan assets		(2,059	)		(2,239	)		(6,177	)		(6,707	)		—			—			—			—
Transition obligation		(10	)		(10	)		(30	)		(30	)		—			—			—			—
Amortization of prior service cost		11			11			33			33			(24	)		(24	)		(72	)		(72	)
Recognized net actuarial loss		241			—			723			—			186			129			557			388
Net periodic benefit (gains) costs	$	(710	)	$	(1,038	)	$	(2,130	)	$	(3,600	)	$	378		$	345		$	1,133		$	1,035

NOTE G — Comprehensive Loss

The components of accumulated comprehensive loss at September 30, 2012 and December 31, 2011 were as follows:

	September 30,			December 31,
	2012			2011
Foreign currency translation adjustment	$	5,625		$	4,822
Pension and postretirement benefit adjustments, net of tax		(12,046	)		(13,257	)
	$	(6,421	)	$	(8,435	)

The pension and postretirement benefit liability amounts are net of deferred taxes of $5,571 at September 30, 2012 and December 31, 2011. No income taxes are provided on foreign currency translation adjustments as foreign earnings are considered permanently invested.

NOTE H — Accrued Warranty Costs

The Company estimates the amount of warranty claims on sold products that may be incurred based on current and historical data. The actual warranty expense could differ from the estimates made by the Company based on product performance. The following table presents the changes in the Company’s product warranty liability:

	2012			2011
Balance at January 1	$	4,208		$	4,046
Claims paid during the year		(1,453	)		(3,260	)
Additional warranties issued during the first nine months		1,771			3,265
Acquired warranty liabilities		3,317			—
Balance at September 30	$	7,843		$	4,051

NOTE I — Income Taxes

The Company’s tax provision for interim periods is determined using an estimate of its annual effective income tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates the estimated annual effective income tax rate, and if the estimated income tax rate changes, a cumulative adjustment is made.

The effective tax rate for the first nine months of 2012 and 2011 was 33.5% and 36.2%, respectively. The 2012 annual effective income tax rate is estimated to be approximately 33.7% and is lower than the 35.0% United States federal statutory rate primarily due to anticipated income in jurisdictions outside of the United States where the effective income tax rate is lower than in the United States.

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NOTE J — Fair Value Measurements

The Company measures financial assets and liabilities at fair value in three levels of inputs. The three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is:

Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.

Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

The fair value of the 8.125% senior notes due 2021 is estimated based on a third-party’s bid price, which was determined to be a Level 1 input. The fair value approximated $259,000 at September 30, 2012 and $247,500 at December 31, 2011 compared to a $250,000 carrying value. The fair value of the Company’s term loan and revolving credit portion of the Credit Agreement, as defined in Note K below, approximated its carrying amount as of September 30, 2012 and December 31, 2011.

NOTE K — Financing Arrangements

The Company is a party to a credit and security agreement, dated November 5, 2003, as amended (the “Credit Agreement”), with a group of banks, under which it may borrow or issue standby letters of credit or commercial letters of credit. On March 23, 2012, the Credit Agreement was amended and restated to, among other things, increase the revolving loan commitment from $200,000 to $220,000, and provide a term loan for $25,000 that is secured by certain real estate and machinery and equipment. Amounts borrowed under the revolving credit facility may be borrowed at either (i) LIBOR plus 1.75% to 2.75% or (ii) the bank’s prime lending rate minus .25% to 1.00%, at the Company’s election. The LIBOR-based interest rate is dependent on the Company’s debt service coverage ratio, as defined in the Credit Agreement. Under the Credit Agreement, a detailed borrowing base formula provides borrowing availability to the Company based on percentages of eligible accounts receivable and inventory. The interest rate on the revolving credit facility was 2% at September 30, 2012. Interest on the term loan is at either (i) LIBOR plus 2.75% or (ii) the bank’s prime lending rate plus .25%, at the Company’s election. The term loan is amortized based on a seven-year schedule with the balance due at maturity (April 7, 2016). The interest rate on the term loan was 3.13% at September 30, 2012.

Long-term debt consists of the following:

	September 30, 2012		December 31, 2011
8.125% senior notes due 2021	$	250,000	$	250,000
Revolving credit		106,286		93,000
Term loan		23,214		—
Other		3,480		4,580
		382,980		347,580
Less current maturities		4,230		1,415
Total	$	378,750	$	346,165

NOTE L — Accounts Receivable

During the first nine months of 2012 and 2011, the Company sold approximately $62,393 and $43,087, respectively, of accounts receivable to mitigate accounts receivable concentration risk and to provide additional financing capacity and recorded a loss in the amount of $260 and $190, respectively, in the condensed consolidated statements of operations. These losses represented implicit interest on the transactions.

NOTE M — Acquisition

On March 23, 2012, the Company completed the acquisition of FRS, a leading manufacturer of automotive and industrial rubber and thermoplastic hose products and fuel filler and hydraulic fluid assemblies, in an all cash transaction valued at $98,772. FRS products include fuel filler, hydraulic, and thermoplastic assemblies and several forms of manufactured rubber and thermoplastic hose, including bulk and formed fuel, power steering, transmission oil cooling, hydraulic and thermoplastic hose. FRS sells to automotive and industrial customers throughout North America, Europe and Asia. FRS has five production facilities located in Florida, Michigan, Ohio, Tennessee and the Czech Republic. FRS is included in the Company’s Assembly Components segment and

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had revenues of $107,482 and net income of $7,397 for the period from the date acquired through September 30, 2012. The Company funded the acquisition with cash of $40,000, a $25,000 seven-year amortizing term loan provided by the Credit Agreement and secured by certain real estate and machinery and equipment of the Company and $33,772 of borrowings under the revolving credit facility provided by the Credit Agreement. The acquisition was accounted for under the acquisition method of accounting. Under the acquisition method of accounting, the total estimated purchase price is allocated to FRS’ net tangible assets and intangible assets acquired and liabilities assumed based on their estimated fair values as of March 23, 2012, the effective date of the acquisition. Based on management’s valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions, the preliminary purchase price is allocated as follows:

Cash and cash equivalents	$	2,202
Accounts receivable		30,920
Inventories		12,355
Prepaid expenses and other current assets		3,998
Property, plant and equipment		30,258
Customer relationships		29,400
Trademarks and trade name		11,500
Other assets		212
Accounts payable		(17,207	)
Accrued expenses		(15,599	)
Deferred tax liability		(26,952	)
Other long-term liabilities		(776	)
Goodwill		38,461
Total purchase price	$	98,772

There were $1,139 of direct transaction costs included in selling, general and administrative expenses during the first nine months of 2012.

During the third quarter of 2012, the Company made adjustments to its preliminary purchase price allocation for FRS resulting in a net decrease to goodwill of $9. The adjustments made primarily relate to the working capital adjustment and valuation of property, plant and equipment and the associated impact of deferred taxes.

The following unaudited pro forma information is provided to present a summary of the combined results of the Company’s operations with FRS as if the acquisition had occurred on January 1, 2011. The unaudited pro forma financial information is for informational purposes only and is not necessarily indicative of what the results would have been had the acquisition been completed at the date indicated above.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Pro forma revenues	$	286,462	$	288,509	$	909,204	$	869,762
Pro forma net income	$	10,694	$	6,021	$	20,672	$	17,012

NOTE N — Commitments, Contingencies and Litigation Settlement

The Company is subject to various pending and threatened legal proceedings arising in the ordinary course of business. Although the Company cannot precisely predict the amount of any liability that may ultimately arise with respect to any of these matters, the Company records provisions when it considers the liability probable and reasonably estimable. Our provisions are based on historical experience and legal advice, reviewed quarterly and adjusted according to developments. Estimating probable losses requires the analysis of multiple forecasted factors that often depend on judgments about potential actions by third parties, such as regulators, courts, and state and federal legislatures. Changes in the amounts of our loss provisions, which can be material, affect our financial condition. Due to the inherent uncertainties in the process undertaken to estimate potential losses, we are unable to estimate an additional range of loss in excess of our accruals. While it is reasonably possible that such excess liabilities, if they were to occur, could be material to operating results in any given quarter or year of their recognition, we do not believe that it is reasonably possible that such excess liabilities would have a material adverse effect on our long-term results of operations, liquidity or consolidated financial position.

Our subsidiaries are involved in a number of contractual and warranty related disputes. At this time, we cannot reasonably determine the timing and amount of any such loss. We believe that appropriate liabilities for these contingencies have been recorded; however, actual results may differ materially from our estimates.

12

One of our subsidiaries, Ajax Tocco Magnethermic (“ATM”), which is included in the Engineered Products segment, was a party to a binding arbitration proceeding pending in South Africa with its customer Evraz Highveld Steel and Vanadium (“Evraz”). The arbitration involved a dispute over the design and installation of a melting furnace. Evraz sought binding arbitration in September 2011 for breach of contract and sought compensatory damages in the amount of $37,000, as well as fees and expenses related to the arbitration. ATM counterclaimed in the arbitration, alleging breach of contract for non-payment of $2,700 as well as fees and expenses related to the arbitration. The arbitration was scheduled to commence in June 2012. Prior to the start of the arbitration, after complete evaluation of Evraz’s evidence, consideration of the jurisdiction of the matter, the uncertainty of a specific outcome and other pertinent facts noted in preparation for the arbitration, we entered into a settlement agreement with Evraz pursuant to which we agreed to settle all claims subject to the arbitration proceeding by paying Evraz $13,000 in cash, which payment was made in June 2012. The $2,700 amount receivable from Evraz had been previously reserved and was written off in conjunction with the settlement.

NOTE O — Goodwill and Other Intangible Assets

The change in goodwill and other intangibles assets reflected on the balance sheet from December 31, 2011 to September 30, 2012 was the result of an increase of $38,429 related to the acquisition of FRS and foreign currency translation. Information regarding other intangible assets as of September 30, 2012 and December 31, 2011 follows:

	September 30, 2012						December 31, 2011
	Acquisition Costs		Accumulated Amortization		Net		Acquisition Costs		Accumulated Amortization		Net
Non-contractual customer relationships	$	41,070	$	5,052	$	36,018	$	11,670	$	3,320	$	8,350
Other		3,420		1,280		2,140		3,420		1,046		2,374
	$	44,490	$	6,332	$	38,158	$	15,090	$	4,366	$	10,724
Indefinite-lived tradenames						11,500						—
Goodwill						47,892						9,463
Total					$	97,550					$	20,187

Amortization expense for the first nine months of 2012 was $1,966 and is estimated to be $2,569 in 2012, $3,046 in 2013 and $2,999 for each of the three subsequent years thereafter. The weighted-average amortization period for the acquired intangible assets was approximately 13.6 years.

NOTE P — Supplemental Guarantor Information

Each of the material domestic direct and indirect wholly-owned subsidiaries of the Company (the “Guarantor Subsidiaries”) has fully and unconditionally guaranteed, on a joint and several basis, to pay principal, premium, and interest with respect to the 8.125% senior notes due 2021. Each of the Guarantor Subsidiaries is “100% owned” as defined by Rule 3-10(h)(1) of Regulation S-X.

The following supplemental condensed consolidating financial statements present condensed consolidating balance sheets as of September 30, 2012 and December 31, 2011, condensed consolidating statements of income for the three months and nine months ended September 30, 2012 and 2011, condensed consolidating statements of cash flows for the nine months ended September 30, 2012 and 2011 and reclassification and elimination entries necessary to consolidate the Parent and all of its subsidiaries. The “Parent” reflected in the accompanying supplemental guarantor information is Park-Ohio Industries, Inc.

13

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 2012

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Reclassifications/ Eliminations			Consolidated
	(In thousands)
Current assets:
Cash and cash equivalents	$	—	$	1,214	$	35,125	$	—		$	36,339
Accounts receivable, net		—		135,608		37,341		—			172,949
Inventories		—		179,012		44,910		—			223,922
Other current assets		382		22,889		6,401		—			29,672
Deferred tax assets		4,311		16,585		1,348		—			22,244
Total Current Assets		4,693		355,308		125,125		—			485,126
Investment in subsidiaries		346,174		107,514		—		(453,688	)		—
Intercompany advances		177,530		30,871		88,939		(297,340	)		—
Property, Plant and Equipment, net		5,070		88,973		5,196		—			99,239
Other Assets:
Goodwill and other intangible assets		—		94,775		2,775		—			97,550
Other		61,043		—		1,386		—			62,429
Total Other Assets		61,043		94,775		4,161		—			159,979
Total Assets	$	594,510	$	677,441	$	223,421	$	(751,028	)	$	744,344
Current Liabilities:
Trade accounts payable	$	1,740	$	101,851	$	16,761	$	—		$	120,352
Payable to affiliates		1,845		—		—		—			1,845
Accrued expenses		15,149		55,743		24,016		—			94,908
Current portion of long-term liabilities		2,002		4,230		—		—			6,232
Total Current Liabilities		20,736		161,824		40,777		—			223,337
Long-Term Liabilities, less current portion 8.125% Senior notes due 2021		250,000		—		—		—			250,000
Revolving credit		125,929		—		—		—			125,929
Other long-term debt		—		2,821		—		—			2,821
Deferred tax liability		1,646		26,751		1,331		—			29,728
Other postretirement benefits and other long-term liabilities		24,046		2,224		504		—			26,774
Total Long-Term Liabilities		401,621		31,796		1,835		—			435,252
Intercompany advances		86,398		137,647		73,295		(297,340	)		—
Shareholder’s Equity		85,755		346,174		107,514		(453,688	)		85,755
Total Liabilities and Shareholder’s Equity	$	594,510	$	677,441	$	223,421	$	(751,028	)	$	744,344

14

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2011

	Parent			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications/ Eliminations			Consolidated
	(In thousands)
Current assets:
Cash and cash equivalents	$	—		$	109		$	61,188		$	—		$	61,297
Accounts receivable, net		—			106,414			33,336			—			139,750
Inventories		—			164,857			37,182			—			202,039
Other current assets		1,013			21,440			6,634			—			29,087
Deferred tax assets		4,311			14,902			1,348			—			20,561
Total Current Assets		5,324			307,722			139,688			—			452,734
Investment in subsidiaries		290,106			96,781			—			(386,887	)		—
Intercompany advances		75,519			7,249			48,966			(131,734	)		—
Property, Plant and Equipment, net		7,201			50,914			4,911			—			63,026
Other Assets:
Goodwill and other intangible assets		—			17,632			2,555			—			20,187
Other		55,437			4,538			1,477			—			61,452
Total Other Assets		55,437			22,170			4,032			—			81,639
Total Assets	$	433,587		$	484,836		$	197,597		$	(518,621	)	$	597,399
Current Liabilities:
Trade accounts payable	$	6,774		$	75,604		$	17,184		$	—		$	99,562
Payable to affiliates		—			—			1,569			—			1,569
Accrued expenses		8,750			45,914			18,634			—			73,298
Current portion of long-term liabilities		—			3,417			—			—			3,417
Total Current Liabilities		15,524			124,935			37,387			—			177,846
Long-Term Liabilities, less current portion 8.125% Senior notes due 2021		250,000			—			—			—			250,000
Revolving credit		93,000			—			—			—			93,000
Other long-term debt		(180	)		3,345			—			—			3,165
Deferred tax liability		2,853			(1,282	)		(179	)		—			1,392
Other postretirement benefits and other long-term liabilities		23,768			(62	)		579			—			24,285
Total Long-Term Liabilities		369,441			2,001			400			—			371,842
Intercompany advances		911			67,794			63,029			(131,734	)		—
Shareholder’s Equity		47,711			290,106			96,781			(386,887	)		47,711
Total Liabilities and Shareholder’s Equity	$	433,587		$	484,836		$	197,597		$	(518,621	)	$	597,399

15

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended September 30, 2012

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	732,957	$	125,378	$	—		$	858,335
Cost of sales		—		608,302		91,274		—			699,576
Gross profit		—		124,655		34,104		—			158,759
Operating expenses:
Selling, general and administrative expenses		11,255		58,313		19,819		—			89,387
Settlement of litigation		—		13,000		—		—			13,000
Income (loss) from subsidiaries		57,667		10,617		—		(68,284	)		—
Operating income		46,412		63,959		14,285		(68,284	)		56,372
Interest expense		19,334		193		278		—			19,805
Income before income taxes		27,078		63,766		14,007		(68,284	)		36,567
Income taxes		2,747		6,099		3,390		—			12,236
Net income	$	24,331	$	57,667	$	10,617	$	(68,284	)	$	24,331

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended September 30, 2011

	Parent		Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	602,732		$	129,248		$	—		$	731,980
Cost of sales		—		503,343			99,599			—			602,942
Gross profit		—		99,389			29,649			—			129,038
Operating expenses:
Selling, general and administrative expenses		10,143		51,196			19,251			—			80,590
Restructuring and asset impairment charge		—		5,148			211			—			5,359
Income (loss) from subsidiaries		47,030		14,671			—			(61,701	)		—
Operating income		36,887		57,716			10,187			(61,701	)		43,089
Gain on bond redemption		—		—			(12,656	)		12,656			—
Interest expense		26,197		(245	)		379			—			26,331
Income before income taxes		10,690		57,961			22,464			(74,357	)		16,758
Income taxes		—		375			7,793			(2,100	)		6,068
Net income	$	10,690	$	57,586		$	14,671		$	(72,257	)	$	10,690

16

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended September 30, 2012

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	245,025	$	41,437	$	—		$	286,462
Cost of sales		—		202,656		29,876		—			232,532
Gross profit		—		42,369		11,561		—			53,930
Operating expenses:
Selling, general and administrative expenses		5,673		18,295		7,296		—			31,264
Income (loss) from subsidiaries		24,223		3,328		—		(27,551	)		—
Operating income		18,550		27,402		4,265		(27,551	)		22,666
Interest expense		6,367		65		91		—			6,523
Income before income taxes		12,183		27,337		4,174		(27,551	)		16,143
Income taxes		1,489		3,114		846		—			5,449
Net income	$	10,694	$	24,223	$	3,328	$	(27,551	)	$	10,694

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended September 30, 2011

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	197,886	$	45,658	$	—		$	243,544
Cost of sales		—		166,135		35,535		—			201,670
Gross profit		—		31,751		10,123		—			41,874
Operating expenses:
Selling, general and administrative expenses		3,357		16,752		6,138		—			26,247
Restructuring and asset impairment charge		—		5,148		211		—			5,359
Income (loss) from subsidiaries		12,325		2,636		—		(14,961	)		—
Operating income		8,968		12,487		3,774		(14,961	)		10,268
Interest expense		6,096		37		85		—			6,218
Income (loss) before income taxes		2,872		12,450		3,689		(14,961	)		4,050
Income taxes		—		125		1,053		—			1,178
Net income (loss)	$	2,872	$	12,325	$	2,636	$	(14,961	)	$	2,872

17

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 2012

	Parent			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net cash (used) provided by operations	$	(33,319	)	$	70,076		$	6,029		$	1,258		$	44,044
Cash flows from investing activities:
Acquisition, net of cash acquired		—			(96,570	)		—			—			(96,570	)
Proceeds from sale of property		—			400			—			—			400
Purchases of property, plant and equipment, net		1,226			(17,184	)		(932	)		—			(16,890	)
Net cash provided (used) in investing activities		1,226			(113,354	)		(932	)		—			(113,060	)
Cash flows from financing activities:
Dividends paid to parent		(1,500	)		—			—			—			(1,500	)
Capital contribution from parent		10,000			—			—			—			10,000
Intercompany account change		(12,098	)		44,516			(31,160	)		(1,258	)		—
Income tax effect of share-based compensation exercises and vesting		1,031			—			—			—			1,031
Debt issue costs		(875	)		—			—			—			(875	)
Proceeds from revolving credit and long term debt		35,535			(133	)		—			—			35,402
Net cash provided (used) by financing activities		32,093			44,383			(31,160	)		(1,258	)		44,058
Increase (decrease) in cash and cash equivalents		—			1,105			(26,063	)		—			(24,958	)
Cash and cash equivalents at beginning of period		—			109			61,188			—			61,297
Cash and cash equivalents at end of period	$	—		$	1,214		$	35,125		$	—		$	36,339

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 2011

	Parent			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net cash (used) provided by operations	$	(20,646	)	$	36,753		$	(592	)	$	2,825		$	18,340
Cash flows from investing activities:
Purchases of property, plant and equipment, net		(99	)		(7,883	)		(334	)		—			(8,316	)
Proceeds from bond redemption		—			—			26,165			(26,165	)		—
Net cash (used) provided in investing activities		(99	)		(7,883	)		25,831			(26,165	)		(8,316	)
Cash flows from financing activities:
Bank debt issue costs		(1,080	)		—			—			—			(1,080	)
Intercompany account change		26,400			(28,832	)		5,257			(2,825	)		—
Issuance of 8.125% senior notes net of deferred financing costs		244,970			—			—			—			244,970
Redemption of 8.375% senior subordinated notes due 2014		(215,720	)		—			—			26,165			(189,555	)
Distribution of capital to shareholder		(750	)		—			—			—			(750	)
Proceeds from revolving credit facility		1,000			—			—			—			1,000
Payments on term loans and other debt		(34,785	)		(38	)		(1,229	)		—			(36,052	)
Net cash provided by financing activities		20,035			(28,870	)		4,028			23,340			18,533
Increase (decrease) in cash and cash equivalents		(710	)		—			29,267			—			28,557
Cash and cash equivalents at beginning of period		1,339			—			33,736			—			35,075
Cash and cash equivalents at end of period	$	629		$	—		$	63,003		$	—		$	63,632

18

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Our condensed consolidated financial statements include the accounts of Park-Ohio Industries, Inc. and its subsidiaries (collectively, “we” or the Company”). All significant intercompany transactions have been eliminated in consolidation. Park-Ohio Industries, Inc. is a wholly-owned subsidiary of Park-Ohio Holdings Corp.

Executive Overview

We are an industrial Total Supply Management™ and diversified manufacturing business, operating in three segments: Supply Technologies, Assembly Components and Engineered Products.

Our Supply Technologies business provides our customers with Total Supply Management™, a proactive solutions approach that manages the efficiencies of every aspect of supplying production parts and materials to our customers’ manufacturing floor, from strategic planning to program implementation. Total Supply Management™ includes such services as engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing services and ongoing technical support. The principal customers of Supply Technologies are in the heavy-duty truck, automotive and vehicle parts, electrical distribution and controls, consumer electronics, power sports/fitness equipment, HVAC, agricultural and construction equipment, semiconductor equipment, plumbing, aerospace and defense, and appliance industries.

Assembly Components manufactures industrial hose and injection molded rubber components, and fuel filler and hydraulic assemblies. In addition, Assembly Components casts and machines aluminum engine, transmission, brake, suspension and other components such as pump housings, clutch retainers/pistons, control arms, knuckles, master cylinders, pinion housings, brake calipers, oil pans and flywheel spacers for automotive, agricultural, construction, heavy-duty truck and marine original equipment manufacturers (“OEMs”), primarily on a sole-source basis. Assembly Components also provides value-added services such as design and engineering and assembly.

Engineered Products operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of highly-engineered products including induction heating and melting systems, pipe threading systems, industrial oven systems, and forged and machined products. Engineered Products also produces and provides services and spare parts for the equipment it manufactures. The principal customers of Engineered Products are OEMs, sub-assemblers and end users in the ferrous and non-ferrous metals, silicon, coatings, forging, foundry, heavy-duty truck, construction equipment, automotive, oil and gas, rail and locomotive manufacturing and aerospace and defense industries.

Sales, segment operating income and other relevant financial data for these three segments are provided in Note C to the condensed consolidated financial statements, included elsewhere herein.

On March 23, 2012, we completed the acquisition of Fluid Routing Solutions Holding Corp. (“FRS”), a leading manufacturer of automotive and industrial rubber and thermoplastic hose products and fuel filler and hydraulic fluid assemblies, in an all cash transaction valued at $98.8 million. FRS products include fuel filler, hydraulic, and thermoplastic assemblies and several forms of manufactured hose, including bulk and formed fuel, power steering, transmission oil cooling, hydraulic and thermoplastic hose. FRS sells to automotive and industrial customers throughout North America, Europe and Asia. FRS has five production facilities located in Florida, Michigan, Ohio, Tennessee and the Czech Republic. FRS is included in the Assembly Components segment.

In connection with the acquisition of FRS, we amended and restated our existing credit and security agreement, dated November 5, 2003, as amended (the “Credit Agreement”), to, among other things, increase the revolving loan commitment from $200 million to $220 million and provide a seven-year amortizing term loan for $25 million that is secured by certain real estate and machinery and equipment. We funded the acquisition with cash of $40 million, the $25 million term loan provided by the Credit Agreement and $33.9 million of borrowings under the revolving credit facility provided by the Credit Agreement.

During the second quarter of 2012, we agreed to settle the Evraz Highveld Steel and Vanadium (“Evraz”) arbitration proceeding for the sum of $13.0 million in cash, which payment was made in June 2012.

19

Results of Operations

Third Quarter 2012 Compared with Third Quarter 2011

Net Sales by Segment:

	Three Months Ended September 30,							Percent Change
	2012		2011		Change
	(Dollars in millions)
Supply Technologies	$	117.4	$	123.2	$	(5.8	)		(5	)%
Assembly Components		84.4		38.1		46.3			122	%
Engineered Products		84.7		82.2		2.5			3	%
Consolidated Net Sales	$	286.5	$	243.5	$	43.0			18	%

Net sales increased $43.0 million to $286.5 million in the third quarter of 2012, compared to $243.5 million in the same period in 2011, as we experienced volume increases in our Assembly Components and Engineered Products segments offset by a decline in our Supply Technologies segment. Supply Technologies sales decreased 5% primarily due to volume declines in the consumer electronics, HVAC, agriculture and construction, lawn and garden, medial, appliance and instrument industries partially offset by increases in the heavy-duty truck, power sports, electrical, lawn and garden, industrial and computer and office equipment industries. Assembly Components sales increased 122% primarily due to incremental sales of $52.0 million resulting from the acquisition of FRS partially offset by lower sales in the aluminum products business unit. Engineered Products sales increased 3% primarily due to the increased sales in the capital equipment and forged and machine business units.

Cost of Products Sold & Gross Profit:

	Three Months Ended September 30,								Percent Change
	2012			2011			Change
	(Dollars in millions)
Consolidated cost of products sold	$	232.5		$	201.7		$	30.8		15	%
Consolidated gross profit	$	53.9		$	41.8		$	12.1		29	%
Gross Margin		18.8	%		17.2	%

Cost of products sold increased $30.8 million to $232.5 million in the third quarter of 2012, compared to $201.7 million in the same period in 2011, while gross margin decreased to 18.8% in the third quarter of 2012 compared to 17.2% in the same period in 2011. The increase in cost of products sold was due primarily to the inclusion of FRS results in 2012. Gross margin increased primarily due to product mix and improved operating efficiencies.

Selling, General & Administrative (SG&A) Expenses:

	Three Months Ended September 30,								Percent Change
	2012			2011			Change
	(Dollars in millions)
Consolidated SG&A expenses	$	31.3		$	26.2		$	5.1		19	%
SG&A as a percentage of net sales		10.9	%		10.8	%

Consolidated SG&A expenses increased 19% in the third quarter of 2012 compared to the same period in 2011, representing a 10 basis point increase in SG&A expenses as a percent of sales. SG&A expenses increased in the third quarter of 2012 compared to the same period in 2011 primarily due to the acquisition of FRS and to increases in payroll and payroll related items and lower pension income.

20

Interest Expense:

	Three Months Ended September 30,									Percent Change
	2012			2011			Change
	(Dollars in millions)
Interest expense	$	6.5		$	6.2		$	.3			5	%
Average outstanding borrowings	$	390.3		$	347.8		$	42.5			12	%
Average borrowing rate		6.66	%		7.13	%		(47	)		basis points

Interest expense increased $.3 million in the third quarter of 2012 compared to the same period of 2011. Average borrowings in the third quarter of 2012 were higher when compared to the same period in 2011 primarily due to additional borrowings to fund the acquisition of FRS. The lower average borrowing rate in the third quarter of 2012 was due primarily to the interest rate mix of our revolving credit facility and the 8.125% senior notes due 2021 (“Senior Notes”) when compared to the interest rate mix in the same period in 2011.

Income Tax:

The provision for income taxes was $5.4 million in the third quarter of 2012, a 33.8% effective income tax rate, compared to income taxes of $1.2 million provided in the corresponding period of 2011, a 29.1% effective income tax rate. Included in the income tax provision for 2011 was $2.1 million associated with the retirement of 8.375% senior subordinated notes due 2014 (“Senior Subordinated Notes”) that were held by a foreign affiliate.

Net Income:

Net income increased $7.8 million to $10.7 million in the third quarter of 2012, compared to $2.9 million in the same period of 2011, which included a restructuring and asset impairment charge of $5.4 million.

Nine Months 2012 Compared with Nine Months 2011

Net Sales by Segment:

	Nine Months Ended September 30,						Percent Change
	2012		2011		Change
	(Dollars in millions)
Supply Technologies	$	381.5	$	368.5	$	13.0		4	%
Assembly Components		220.5		126.2		94.3		75	%
Engineered Products		256.3		237.3		19.0		8	%
Consolidated Net Sales	$	858.3	$	732.0	$	126.3		17	%

Net sales increased $126.3 million to $858.3 million in the first nine months of 2012, compared to $732.0 million in the same period in 2011, as we experienced volume increases in each of our segments. Supply Technologies sales increased 4% primarily due to volume increases in the heavy-duty truck, power sports, computer office equipment and lawn and garden industries offset primarily by declines in the consumer electronics, semi-conductor, appliance, HVAC and instruments industries. Assembly Components sales increased 75% primarily from sales of $107.5 million resulting from the acquisition of FRS, partially offset by lower sales in the aluminum business unit. Engineered Products sales increased 8% primarily due to increased volume in the capital equipment and forged and machine business units.

21

Cost of Products Sold & Gross Profit:

	Nine Months Ended September 30,								Percent Change
	2012			2011			Change
	(Dollars in millions)
Consolidated cost of products sold	$	699.6		$	603.0		$	96.6		16	%
Consolidated gross profit	$	158.8		$	129.0		$	29.8		23	%
Gross Margin		18.5	%		17.6	%

Cost of products sold increased $96.6 million to $699.6 million in the first nine months of 2012, compared to $603.0 million in the same period in 2011, while gross margin increased to 18.5% in the first nine months of 2012 compared to 17.6% in the same period in 2011. The increase in cost of products sold was due primarily to the inclusion of FRS results in 2012. Gross margin increased in each segment resulting primarily from favorable product mix and improved operating efficiencies.

SG&A Expenses:

	Nine Months Ended September 30,								Percent Change
	2012			2011			Change
	(Dollars in millions)
Consolidated SG&A expenses	$	89.4		$	80.6		$	8.8		11	%
SG&A as a percentage of net sales		10.4	%		11.0	%

Consolidated SG&A expenses increased 11% in the first nine months of 2012 compared to the same period in 2011. However, we generated a 60 basis point decrease in SG&A expenses as a percent of sales. SG&A expenses increased in the first nine months of 2012 compared to the same period in 2011 primarily due to $5.2 million of incremental expense associated with FRS, increases in payroll and payroll related expenses, a reduction in pension income of $1.5 million, FRS acquisition expenses of $1.1 million and $1.0 million of legal expenses associated with the litigation settlement.

Interest Expense:

	Nine Months Ended September 30,									Percent Change
	2012			2011			Change
	(Dollars in millions)
Interest expense	$	19.8		$	26.3		$	(6.5	)		(25	)%
Debt extinguishment costs included in interest expense	$	.3		$	7.3			(7.0	)		(96	)%
Average outstanding borrowings	$	378.2		$	332.6		$	45.6			14	%
Average borrowing rate		6.98	%		6.90	%		8			basis points

Interest expense decreased $6.5 million in the first nine months of 2012 compared to the same period of 2011, primarily due to higher debt extinguishment costs in 2011 as a result of the refinancing of our Senior Subordinated Notes and amendment of the Credit Agreement. Average borrowings in the first nine months of 2012 were higher when compared to the same period in 2011 due to our sale of $250 million in aggregate principal amount of the Senior Notes, offset by the purchase of all of our outstanding Senior Subordinated Notes, additional borrowings to fund the acquisition of FRS and the litigation settlement. The higher average borrowing rate in the first nine months of 2012 was due primarily to the interest rate mix of our revolving credit facility and the Senior Notes when compared to the mix in the same period in 2011.

Income Tax:

The provision for income taxes was $12.2 million in the first nine months of 2012, a 33.5% effective income tax rate, compared to income taxes of $6.1 million provided in the corresponding period of 2011, a 36.2% effective income tax rate. We estimate that the effective tax rate for full-year 2012 will be approximately 33.7%.

22

Net Income:

Net income increased $13.6 million to $24.3 million for the first nine months of 2012, compared to $10.7 million for the first nine months of 2011. Net income in the first nine months of 2012 includes the impact of a $13.0 million pre-tax litigation settlement charge. The first nine months of 2011 included debt extinguishment costs of $7.3 million resulting from the refinancing of our Senior Subordinated Notes and the amendment of the Credit Agreement and income taxes of $2.1 million resulting from the retirement of $26.2 million of our Senior Subordinated Notes that were held by a foreign affiliate. Also, during the third quarter of 2011, we recorded a restructuring and asset impairment charge of $5.4 million.

Seasonality; Variability of Operating Results

The timing of orders placed by our customers has varied with, among other factors, orders for customers’ finished goods, customer production schedules, competitive conditions and general economic conditions. The variability of the level and timing of orders has, from time to time, resulted in significant periodic and quarterly fluctuations in the operations of our business units. Such variability is particularly evident at the capital equipment business unit, included in the Engineered Products segment, which typically ships a few large systems per year.

Critical Accounting Policies

Our critical accounting policies are described in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, and in the notes to our Consolidated Financial Statements for the year ended December 31, 2011 contained in our 2011 Annual Report on Form 10-K. There were no new accounting policies or updates to existing accounting policies as a result of new accounting pronouncements discussed in the notes to our condensed consolidated financial statements in this Quarterly Report on Form 10-Q. The application of our critical accounting policies may require management to make judgments and estimates about the amounts reflected in the Condensed Consolidated Financial Statements. Management uses historical experience and all available information to make these estimates and judgments, and different amounts could be reported using different assumptions and estimates.

Forward-Looking Statements

This Quarterly Report on Form 10-Q contains certain statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. The words “believes”, “anticipates”, “plans”, “expects”, “intends”, “estimates” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the following: our substantial indebtedness; continuation of the current negative global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; raw material availability and pricing; component part availability and pricing; changes in our relationships with customers and suppliers; the financial condition of our customers, including the impact of any bankruptcies; our ability to successfully integrate FRS and achieve the expected results of the acquisition; our ability to retain FRS’s relationship with customers and suppliers; our ability to successfully integrate recent and future acquisitions into existing operations; changes in general domestic economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and healthcare costs, recessions and changing government policies, laws and regulations, including the uncertainties related to the current global financial crisis; adverse impacts to us, our suppliers and customers from acts of terrorism or hostilities; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in the credit markets that may limit our access to capital; increasingly stringent domestic and foreign governmental regulations, including those affecting the environment; inherent uncertainties involved in assessing our potential liability for environmental remediation-related activities; the outcome of pending and future litigation and other claims and disputes with customers; our dependence on the automotive and heavy-duty truck industries, which are highly cyclical; the dependence of the automotive industry on consumer spending, which could be lower due to the effects of the current financial crisis; our ability to negotiate contracts with labor unions; our dependence on key management; our dependence on information systems; and the other factors we describe under “Item 1A. Risk Factors” included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be regarded as a representation by us that our plans and objectives will be achieved.

23

Item 3. Quantitative and Qualitative Disclosure About Market Risk

We are exposed to market risk, including changes in interest rates. We are subject to interest rate risk on borrowings under the floating rate revolving credit facility and term loan provided by our Credit Agreement, which consisted of borrowings of $120.3 million at September 30, 2012. A 100 basis point increase in the interest rate would have resulted in an increase in interest expense of approximately $1.0 million during the three-month period ended September 30, 2012.

Our foreign subsidiaries generally conduct business in local currencies. During the third quarter of 2012, we recorded a favorable foreign currency translation adjustment of $2.5 million related to net assets located outside the United States. This foreign currency translation adjustment resulted primarily from the weakening of the U.S. dollar. Our foreign operations are also subject to other customary risks of operating in a global environment, such as unstable political situations, the effect of local laws and taxes, tariff increases and regulations and requirements for export licenses, the potential imposition of trade or foreign exchange restrictions and transportation delays.

The Company periodically enters into forward contracts on foreign currencies, primarily the euro and the British pound sterling, purely for the purpose of hedging exposure to changes in the value of accounts receivable in those currencies against the U.S. dollar. The Company currently uses no other derivative instruments. At September 30, 2012, there were no such currency hedge contracts outstanding.

Item 4. Controls and Procedures

Under the supervision of and with the participation of our management, including our chief executive officer and chief financial officer, we evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15(d)-15(e) under the Securities Exchange Act of 1934) as of the end of the period covered by this Quarterly Report.

Based on that evaluation, our chief executive officer and chief financial officer have concluded that, as of the end of the period covered by this Quarterly Report, our disclosure controls and procedures were effective.

There have been no changes in our internal control over financial reporting that occurred during the third quarter of 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

24

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

We are subject to various pending and threatened lawsuits in which claims for monetary damages are asserted in the ordinary course of business. While any litigation involves an element of uncertainty, in the opinion of management, liabilities, if any, arising from currently pending or threatened litigation are not expected to have a material adverse effect on our financial condition, liquidity or results of operations.

In addition to the routine lawsuits and asserted claims noted above, we were a party to the lawsuits and legal proceedings described below at September 30, 2012.

We were a co-defendant in approximately 280 cases asserting claims on behalf of approximately 700 plaintiffs alleging personal injury as a result of exposure to asbestos. These asbestos cases generally relate to production and sale of asbestos-containing products and allege various theories of liability, including negligence, gross negligence and strict liability, and seek compensatory and, in some cases, punitive damages.

In every asbestos case in which we are named as a party, the complaints are filed against multiple named defendants. In substantially all of the asbestos cases, the plaintiffs either claim damages in excess of a specified amount, typically a minimum amount sufficient to establish jurisdiction of the court in which the case was filed (jurisdictional minimums generally range from $25,000 to $75,000), or do not specify the monetary damages sought. To the extent that any specific amount of damages is sought, the amount applies to claims against all named defendants.

There are only seven asbestos cases, involving 25 plaintiffs, that plead specified damages. In each of the seven cases, the plaintiff is seeking compensatory and punitive damages based on a variety of potentially alternative causes of action. In three cases, the plaintiff has alleged compensatory damages in the amount of $3.0 million for four separate causes of action and $1.0 million for another cause of action and punitive damages in the amount of $10.0 million. In the fourth case, the plaintiff has alleged against each named defendant compensatory and punitive damages, each in the amount of $10.0 million, for seven separate causes of action. In the fifth case, the plaintiff has alleged compensatory damages in the amount of $20.0 million for three separate causes of action and $5.0 million for another cause of action and punitive damages in the amount of $20.0 million. In the remaining two cases, the plaintiffs have each alleged against each named defendant compensatory and punitive damages, each in the amount of $50.0 million, for four separate causes of action.

Historically, we have been dismissed from asbestos cases on the basis that the plaintiff incorrectly sued one of our subsidiaries or because the plaintiff failed to identify any asbestos-containing product manufactured or sold by us or our subsidiaries. We intend to vigorously defend these asbestos cases, and believe we will continue to be successful in being dismissed from such cases. However, it is not possible to predict the ultimate outcome of asbestos-related lawsuits, claims and proceedings due to the unpredictable nature of personal injury litigation. Despite this uncertainty, and although our results of operations and cash flows for a particular period could be adversely affected by asbestos-related lawsuits, claims and proceedings, management believes that the ultimate resolution of these matters will not have a material adverse effect on our financial condition, liquidity or results of operations. Among the factors management considered in reaching this conclusion were: (a) our historical success in being dismissed from these types of lawsuits on the bases mentioned above; (b) many cases have been improperly filed against one of our subsidiaries; (c) in many cases the plaintiffs have been unable to establish any causal relationship to us or our products or premises; (d) in many cases, the plaintiffs have been unable to demonstrate that they have suffered any identifiable injury or compensable loss at all or that any injuries that they have incurred did in fact result from alleged exposure to asbestos; and (e) the complaints assert claims against multiple defendants and, in most cases, the damages alleged are not attributed to individual defendants. Additionally, we do not believe that the amounts claimed in any of the asbestos cases are meaningful indicators of our potential exposure because the amounts claimed typically bear no relation to the extent of the plaintiff’s injury, if any.

25

Our cost of defending these lawsuits has not been material to date and, based upon available information, our management does not expect its future costs for asbestos-related lawsuits to have a material adverse effect on our results of operations, liquidity or financial position.

Item 1A. Risk Factors

There have been no material changes in the risk factors previously disclosed in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011.

Item 6. Exhibits

The following exhibits are included herein:

31.1	Principal Executive Officer’s Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Principal Financial Officer’s Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32	Certification requirement under Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

26

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

PARK-OHIO INDUSTRIES, INC.
(Registrant)
By:	/s/ W. Scott Emerick
Name:	W. Scott Emerick
Title:	Vice President and Chief Financial Officer
	(Principal Financial and Accounting Officer)

Date: November 14, 2012

27

EXHIBIT INDEX

QUARTERLY REPORT ON FORM 10-Q

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

FOR THE QUARTER ENDED SEPTEMBER 30, 2012

Exhibit
31.1	Principal Executive Officer’s Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Principal Financial Officer’s Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32	Certification requirement under Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

28

EX-31.1

Exhibit 31.1

PRINCIPAL EXECUTIVE OFFICER’S CERTIFICATIONS

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Edward F. Crawford, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Park-Ohio Industries, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ Edward F. Crawford
Name:	Edward F. Crawford
Title:	Chairman and Chief Executive Officer

Dated: November 14, 2012

EX-31.2

Exhibit 31.2

PRINCIPAL FINANCIAL OFFICER’S CERTIFICATIONS

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, W. Scott Emerick, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Park-Ohio Industries, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

By:	/s/ W. Scott Emerick
Name:	W. Scott Emerick
Title:	Vice President and Chief Financial Officer

Dated: November 14, 2012

EX-32

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Park-Ohio Industries, Inc. (the “Company”) on Form 10-Q for the period ended September 30, 2012, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned officers of the Company certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to such officer’s knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods expressed in the Report.

By:	/s/ Edward F. Crawford
Name:	Edward F. Crawford
Title:	Chairman and Chief Executive Officer
By:	/s/ W. Scott Emerick
Name:	W. Scott Emerick
Title:	Vice President and Chief Financial Officer

Date: November 14, 2012

The foregoing certification is being furnished solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Report or as a separate disclosure document.

XML

Pension Plans and Other Postretirement Benefits (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Pension Benefits [Member]
Components of net periodic benefit cost
Service costs	$ 542	$ 604	$ 1,626	$ 1,317
Interest costs	565	596	1,695	1,787
Expected return on plan assets	(2,059)	(2,239)	(6,177)	(6,707)
Transition obligation	(10)	(10)	(30)	(30)
Amortization of prior service cost	11	11	33	33
Recognized net actuarial loss	241		723
Net periodic benefit (gains) costs	(710)	(1,038)	(2,130)	(3,600)
Postretirement Benefits [Member]
Components of net periodic benefit cost
Service costs	15	12	45	36
Interest costs	201	228	603	683
Expected return on plan assets
Transition obligation
Amortization of prior service cost	(24)	(24)	(72)	(72)
Recognized net actuarial loss	186	129	557	388
Net periodic benefit (gains) costs	$ 378	$ 345	$ 1,133	$ 1,035

XML

Supplemental Guarantor Information (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 36,339	$ 61,297	$ 63,632	$ 35,075
Accounts receivable, net	172,949	139,750
Inventories	223,922	202,039
Other current Assets	29,672	29,087
Deferred tax assets	22,244	20,561
Total Current Assets	485,126	452,734
Investment in subsidiaries
Intercompany advances
Property, Plant and Equipment, net	99,239	63,026
Other assets:
Goodwill and other intangible assets	97,550	20,187
Other	62,429	61,452
Total Other Assets		81,639
Total Assets	744,344	597,399
Current liabilities:
Trade accounts payable	120,352	99,562
Payables to affiliates	1,845	1,569
Accrued expenses	94,908	73,298
Current portion of long-term debt	4,230	1,415
Total Current Liabilities	223,337	177,846
Long-term liabilities, less current portion:
8.125% Senior notes due 2021	250,000	250,000
Revolving credit	125,929	93,000
Other long-term debt	2,821	3,165
Deferred tax liability	29,728	1,392
Other postretirement benefits and other long-term liabilities	26,774	24,285
Total Long-Term Liabilities	435,252	371,842
Intercompany advances
Shareholder's Equity	85,755	47,711
Total liabilities and shareholder's equity	744,344	597,399
Parent [Member]
Current assets:
Cash and cash equivalents			629	1,339
Accounts receivable, net
Inventories
Other current Assets	382	1,013
Deferred tax assets	4,311	4,311
Total Current Assets	4,693	5,324
Investment in subsidiaries	346,174	290,106
Intercompany advances	177,530	75,519
Property, Plant and Equipment, net	5,070	7,201
Other assets:
Goodwill and other intangible assets
Other	61,043	55,437
Total Other Assets	61,043	55,437
Total Assets	594,510	433,587
Current liabilities:
Trade accounts payable	1,740	6,774
Payables to affiliates	1,845
Accrued expenses	15,149	8,750
Current portion of long-term debt	2,002
Total Current Liabilities	20,736	15,524
Long-term liabilities, less current portion:
8.125% Senior notes due 2021	250,000	250,000
Revolving credit	125,929	93,000
Other long-term debt		(180)
Deferred tax liability	1,646	2,853
Other postretirement benefits and other long-term liabilities	24,046	23,768
Total Long-Term Liabilities	401,621	369,441
Intercompany advances	86,398	911
Shareholder's Equity	85,755	47,711
Total liabilities and shareholder's equity	594,510	433,587
Combined Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	1,214	109
Accounts receivable, net	135,608	106,414
Inventories	179,012	164,857
Other current Assets	22,889	21,440
Deferred tax assets	16,585	14,902
Total Current Assets	355,308	307,722
Investment in subsidiaries	107,514	96,781
Intercompany advances	30,871	7,249
Property, Plant and Equipment, net	88,973	50,914
Other assets:
Goodwill and other intangible assets	94,775	17,632
Other		4,538
Total Other Assets	94,775	22,170
Total Assets	677,441	484,836
Current liabilities:
Trade accounts payable	101,851	75,604
Payables to affiliates
Accrued expenses	55,743	45,914
Current portion of long-term debt	4,230	3,417
Total Current Liabilities	161,824	124,935
Long-term liabilities, less current portion:
8.125% Senior notes due 2021
Revolving credit
Other long-term debt	2,821	3,345
Deferred tax liability	26,751	(1,282)
Other postretirement benefits and other long-term liabilities	2,224	(62)
Total Long-Term Liabilities	31,796	2,001
Intercompany advances	137,647	67,794
Shareholder's Equity	346,174	290,106
Total liabilities and shareholder's equity	677,441	484,836
Combined Non-Guarantor Subsidiaries [Member]
Current assets:
Cash and cash equivalents	35,125	61,188	63,003	33,736
Accounts receivable, net	37,341	33,336
Inventories	44,910	37,182
Other current Assets	6,401	6,634
Deferred tax assets	1,348	1,348
Total Current Assets	125,125	139,688
Investment in subsidiaries
Intercompany advances	88,939	48,966
Property, Plant and Equipment, net	5,196	4,911
Other assets:
Goodwill and other intangible assets	2,775	2,555
Other	1,386	1,477
Total Other Assets	4,161	4,032
Total Assets	223,421	197,597
Current liabilities:
Trade accounts payable	16,761	17,184
Payables to affiliates		1,569
Accrued expenses	24,016	18,634
Current portion of long-term debt
Total Current Liabilities	40,777	37,387
Long-term liabilities, less current portion:
8.125% Senior notes due 2021
Revolving credit
Other long-term debt
Deferred tax liability	1,331	(179)
Other postretirement benefits and other long-term liabilities	504	579
Total Long-Term Liabilities	1,835	400
Intercompany advances	73,295	63,029
Shareholder's Equity	107,514	96,781
Total liabilities and shareholder's equity	223,421	197,597
Reclassifications/ Eliminations [Member]
Current assets:
Cash and cash equivalents
Accounts receivable, net
Inventories
Other current Assets
Deferred tax assets
Total Current Assets
Investment in subsidiaries	(453,688)	(386,887)
Intercompany advances	(297,340)	(131,734)
Property, Plant and Equipment, net
Other assets:
Goodwill and other intangible assets
Other
Total Other Assets
Total Assets	(751,028)	(518,621)
Current liabilities:
Trade accounts payable
Payables to affiliates
Accrued expenses
Current portion of long-term debt
Total Current Liabilities
Long-term liabilities, less current portion:
8.125% Senior notes due 2021
Revolving credit
Other long-term debt
Deferred tax liability
Other postretirement benefits and other long-term liabilities
Total Long-Term Liabilities
Intercompany advances	(297,340)	(131,734)
Shareholder's Equity	(453,688)	(386,887)
Total liabilities and shareholder's equity	$ (751,028)	$ (518,621)

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Acquisition (Details) (USD $) In Thousands, unless otherwise specified	Mar. 23, 2012
Allocation of purchase price
Cash and cash equivalents	$ 2,202
Accounts receivable	30,920
Inventories	12,355
Prepaid expenses and other current assets	3,998
Property, plant and equipment	30,258
Customer relationships	29,400
Trademarks and trade name	11,500
Other assets	212
Accounts payable	(17,207)
Accrued expenses	(15,599)
Deferred tax liability	(26,952)
Other long-term liabilities	(776)
Goodwill	38,461
Total purchase price	$ 98,772

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Supplemental Guarantor Information (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Consolidating statement of operations
Net sales	$ 286,462	$ 243,544	$ 858,335	$ 731,980
Cost of sales	232,532	201,670	699,576	602,942
Gross profit	53,930	41,874	158,759	129,038
Operating expenses:
Selling, general and administrative expenses	31,264	26,247	89,387	80,590
Settlement of litigation			13,000
Resturctruing and asset impairment charge		5,359		5,359
Income (loss) from subsidiaries
Operating income	22,666	10,268	56,372	43,089
Gain of bond redemption
Interest expense	6,523	6,218	19,805	26,331
Income before income taxes	16,143	4,050	36,567	16,758
Income taxes	5,449	1,178	12,236	6,068
Net income	10,694	2,872	24,331	10,690
Parent [Member]
Consolidating statement of operations
Net sales
Cost of sales
Gross profit
Operating expenses:
Selling, general and administrative expenses	5,673	3,357	11,255	10,143
Settlement of litigation
Resturctruing and asset impairment charge
Income (loss) from subsidiaries	24,223	12,325	57,667	47,030
Operating income	18,550	8,968	46,412	36,887
Gain of bond redemption
Interest expense	6,367	6,096	19,334	26,197
Income before income taxes	12,183	2,872	27,078	10,690
Income taxes	1,489		2,747
Net income	10,694	2,872	24,331	10,690
Combined Guarantor Subsidiaries [Member]
Consolidating statement of operations
Net sales	245,025	197,886	732,597	602,732
Cost of sales	202,656	166,135	608,302	503,343
Gross profit	42,369	31,751	124,655	99,389
Operating expenses:
Selling, general and administrative expenses	18,295	16,752	58,313	51,196
Settlement of litigation			13,000
Resturctruing and asset impairment charge		5,148		5,148
Income (loss) from subsidiaries	3,328	2,636	10,617	14,671
Operating income	27,402	12,487	63,959	57,716
Gain of bond redemption
Interest expense	65	37	193	(245)
Income before income taxes	27,337	12,450	63,766	57,961
Income taxes	3,114	125	6,099	375
Net income	24,223	12,325	57,667	57,586
Combined Non-Guarantor Subsidiaries [Member]
Consolidating statement of operations
Net sales	41,437	45,658	125,378	129,248
Cost of sales	29,876	35,535	91,274	99,599
Gross profit	11,561	10,123	34,104	29,649
Operating expenses:
Selling, general and administrative expenses	7,296	6,138	19,819	19,251
Settlement of litigation
Resturctruing and asset impairment charge		211		211
Income (loss) from subsidiaries
Operating income	4,265	3,774	14,285	10,187
Gain of bond redemption				(12,656)
Interest expense	91	85	278	379
Income before income taxes	4,174	3,689	14,007	22,464
Income taxes	846	1,053	3,390	7,793
Net income	3,328	2,636	10,617	14,671
Reclassifications/ Eliminations [Member]
Consolidating statement of operations
Net sales
Cost of sales
Gross profit
Operating expenses:
Selling, general and administrative expenses
Settlement of litigation
Resturctruing and asset impairment charge
Income (loss) from subsidiaries	(27,551)	(14,961)	(68,284)	(61,701)
Operating income	(27,551)	(14,961)	(68,284)	(61,701)
Gain of bond redemption				12,656
Interest expense
Income before income taxes	(27,551)	(14,961)	(68,284)	(74,357)
Income taxes				(2,100)
Net income	$ (27,551)	$ (14,961)	$ (68,284)	$ (72,257)

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Financing Arrangements (Details Textual) (USD $) In Thousands, unless otherwise specified	1 Months Ended	9 Months Ended
	Mar. 23, 2012	Sep. 30, 2012
Line of Credit Facility [Line Items]
Line of credit facility, interest rate during period		2.00%
Financing Arrangements (Textual) [Abstract]
Term loan available	$ 25,000
Revolving credit facility description	Amounts borrowed under the revolving credit facility may be borrowed at either (i) LIBOR plus 1.75% to 2.75% or (ii) the bank’s prime lending rate minus .25% to 1.00%, at the Company’s election
Interest rate on term loan		3.13%
Revolving credit [Member]
Line of Credit Facility [Line Items]
Commitment loan, previous maximum	200,000
Commitment loan, current maximum	$ 220,000
Revolving credit [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
LIBOR rate plus	2.75%
Bank's prime lending rate minus	1.00%
Revolving credit [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
LIBOR rate plus	1.75%
Bank's prime lending rate minus	0.25%
Term loan [Member]
Line of Credit Facility [Line Items]
LIBOR rate plus	2.75%
Bank's prime lending rate minus	0.25%
Amortized term loan period (balance due at maturity)	7 years

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Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2012

Goodwill and Other Intangible Assets [Abstract]

Details of other intangible assets

	September 30, 2012						December 31, 2011
	Acquisition Costs		Accumulated Amortization		Net		Acquisition Costs		Accumulated Amortization		Net
Non-contractual customer relationships	$	41,070	$	5,052	$	36,018	$	11,670	$	3,320	$	8,350
Other		3,420		1,280		2,140		3,420		1,046		2,374
	$	44,490	$	6,332	$	38,158	$	15,090	$	4,366	$	10,724
Indefinite-lived tradenames						11,500						—
Goodwill						47,892						9,463
Total					$	97,550					$	20,187

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Supplemental Guarantor Information (Details Textual)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes, interest rate	8.125%
Guarantor Subsidiaries [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Guarantor Subsidiaries	“100% owned” as defined by Rule 3-10(h)(1) of Regulation S-X
8.125% senior notes due 2021 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes, interest rate	8.125%	8.125%
Maturity year of senior notes	2021
8.375% senior subordinated notes due 2014 [Member]
Supplemental Guarantor Information (Textual) [Abstract]
Senior notes, interest rate	8.375%

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Recent Accounting Pronouncements (Policies)

9 Months Ended

Sep. 30, 2012

Recent Accounting Pronouncements [Abstract]

Accounting Pronouncements Adopted

In June 2011, the FASB issued ASU No. 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income.” ASU No. 2011-05 amends existing guidance by allowing only two options for presenting components of net income and other comprehensive income: (1) in a single continuous financial statement, statement of comprehensive income or (2) in two separate but consecutive financial statements, consisting of an income statement followed by a separate statement on other comprehensive income. Also, items that are reclassified from other comprehensive income to net income must be presented on the face of the financial statements. ASU No. 2011-05 requires retrospective application, and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 , with early adoption permitted. In December 2011, the FASB issued ASU No. 2011-12, deferring its requirements that companies present reclassification adjustments for each component of accumulated other comprehensive income in both net income and other comprehensive income on the face of the financial statements. Entities continue to be required to present amounts reclassified out of accumulated other comprehensive income on the face of the financial statements or disclose those amounts in the notes to the financial statements. The requirement to present reclassification adjustments in interim periods was also deferred. However, entities are required to report a total for comprehensive income in condensed financial statements of interim periods in a single continuous statement or in two consecutive statements. The FASB is reconsidering the presentation requirements for reclassification adjustments. The Company adopted ASU No. 2011-5 in the first quarter of 2012 and elected to present the components of net income and comprehensive income in two separate but consecutive statements.

Presentation of Comprehensive Income

In June 2011, the FASB issued ASU No. 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income.” ASU No. 2011-05 amends existing guidance by allowing only two options for presenting components of net income and other comprehensive income: (1) in a single continuous financial statement, statement of comprehensive income or (2) in two separate but consecutive financial statements, consisting of an income statement followed by a separate statement on other comprehensive income. Also, items that are reclassified from other comprehensive income to net income must be presented on the face of the financial statements. ASU No. 2011-05 requires retrospective application, and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011

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Acquisition (Details Textual) (USD $) In Thousands, unless otherwise specified	1 Months Ended	3 Months Ended	9 Months Ended
	Mar. 23, 2012 Country	Sep. 30, 2012	Sep. 30, 2012
Acquisition (Additional Textual) [Abstract]
Transaction cash	$ 98,772
Revenues attributable to acquisition			107,482
Net income attributable to acquisition			7,397
Cash paid	40,000
Amortization term loan, period	7 years
Transaction cost of business acquisition			1,139
Number of production facilities	5
Net decrease in goodwill		9
Secured Debt [Member]
Acquisition (Textual) [Abstract]
Revolving credit facility to fund purchase price	25,000
Revolving credit [Member]
Acquisition (Textual) [Abstract]
Revolving credit facility to fund purchase price	$ 33,772

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Accrued Warranty Costs (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Changes in product warranty liability
Balance at January 1	$ 4,208	$ 4,046
Claims paid during the year	(1,453)	(3,260)
Additional warranties issued during the first nine months	1,771	3,265
Acquired warranty liabilities	3,317
Balance at September 30	$ 7,843	$ 4,051

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Inventories (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Components of inventory
Finished goods	$ 117,229	$ 122,010
Work in process	28,784	20,660
Raw materials and supplies	77,909	59,369
Inventories, net	$ 223,922	$ 202,039

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Goodwill and Other Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Details of other intangible assets
Acquisition Costs	$ 44,490	$ 15,090
Accumulated Amortization	6,332	4,366
Net	38,158	10,724
Goodwill	97,550	20,187
Total	97,550	20,187
Tradenames [Member]
Details of other intangible assets
Net indefinite-lived intangible assets	11,500
Non-contractual customer relationships [Member]
Details of other intangible assets
Acquisition Costs	41,070	11,670
Accumulated Amortization	5,052	3,320
Net	36,018	8,350
Other [Member]
Details of other intangible assets
Acquisition Costs	3,420	3,420
Accumulated Amortization	1,280	1,046
Net	$ 2,140	$ 2,374

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Accounts Receivable (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Accounts Receivable (Textual) [Abstract]
Accounts receivables sold	$ 62,393	$ 43,087
Implicit interest on transactions	$ 260	$ 190

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Basis of Presentation

9 Months Ended

Sep. 30, 2012

Basis of Presentation [Abstract]

Basis of Presentation

NOTE A — Basis of Presentation

The condensed consolidated financial statements include the accounts of Park-Ohio Industries, Inc. and its subsidiaries (collectively, “we” or the “Company”). All significant intercompany transactions have been eliminated in consolidation. Park-Ohio Industries, Inc. is a wholly-owned subsidiary of Park-Ohio Holdings Corp. (“Holdings”). Certain amounts in the prior years’ financial statements have been reclassified to conform to the current year presentation.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-month and nine-month periods ended September 30, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

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Income Taxes (Details)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Income Taxes (Textual) [Abstract]
Effective tax rate	33.50%	36.20%
Estimated effective income tax rate	33.70%
United States federal statutory rate	35.00%

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Comprehensive Loss (Tables)

9 Months Ended

Sep. 30, 2012

Comprehensive Loss [Abstract]

Components of accumulated comprehensive loss

The components of accumulated comprehensive loss at September 30, 2012 and December 31, 2011 were as follows:

	September 30,			December 31,
	2012			2011
Foreign currency translation adjustment	$	5,625		$	4,822
Pension and postretirement benefit adjustments, net of tax		(12,046	)		(13,257	)
	$	(6,421	)	$	(8,435	)

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Pension Plans and Other Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2012

Pension Plans and Other Postretirement Benefits [Abstract]

Components of net periodic benefit cost

The components of net periodic benefit (gain) cost recognized during interim periods were as follows:

	Pension Benefits												Postretirement Benefits
	Three Months Ended  September 30,						Nine Months Ended September 30,						Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011			2012			2011			2012			2011
Service costs	$	542		$	604		$	1,626		$	1,317		$	15		$	12		$	45		$	36
Interest costs		565			596			1,695			1,787			201			228			603			683
Expected return on plan assets		(2,059	)		(2,239	)		(6,177	)		(6,707	)		—			—			—			—
Transition obligation		(10	)		(10	)		(30	)		(30	)		—			—			—			—
Amortization of prior service cost		11			11			33			33			(24	)		(24	)		(72	)		(72	)
Recognized net actuarial loss		241			—			723			—			186			129			557			388
Net periodic benefit (gains) costs	$	(710	)	$	(1,038	)	$	(2,130	)	$	(3,600	)	$	378		$	345		$	1,133		$	1,035

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Supplemental Guarantor Information (Details 2) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Condensed consolidating statement of cash flows
Net cash (used) provided by operations	$ 44,044	$ 18,340
Cash flows from investing activities:
Acquisitions, net of cash acquired	(96,570)
Proceeds from sale of property	400
Purchases of property, plant and equipment, net	(16,890)	(8,316)
Proceeds from bond redemption
Net cash provided (used) in investing activities	(113,060)	(8,316)
Cash flows from financing activities:
Dividend paid to parent	(1,500)
Capital contribution from parent	10,000
Bank debt issue costs	(875)	(1,080)
Intercompany account change
Income tax effect of share-based compensation exercises and vesting	1,031
Issuance of 8.125% senior notes, net of deferred financing costs		244,970
Redemption of 8.375% senior subordinated notes due 2014		(189,555)
Distribution of capital to shareholder		(750)
Proceeds from revolving credit and long term debt	9,715	1,000
Proceeds from (payments on) term loans and other debt	25,687	(36,052)
Net cash provided (used) by financing activities	44,058	18,533
Increase (decrease) in cash and cash equivalents	(24,958)	28,557
Cash and Cash Equivalents at Beginning of Period	61,297	35,075
Cash and Cash Equivalents at End of Period	36,339	63,632
Parent [Member]
Condensed consolidating statement of cash flows
Net cash (used) provided by operations	(33,319)	(20,646)
Cash flows from investing activities:
Acquisitions, net of cash acquired
Proceeds from sale of property
Purchases of property, plant and equipment, net	(1,226)	(99)
Proceeds from bond redemption
Net cash provided (used) in investing activities	1,226	(99)
Cash flows from financing activities:
Dividend paid to parent	(1,500)
Capital contribution from parent	10,000
Bank debt issue costs	875	(1,080)
Intercompany account change	(12,098)	26,400
Income tax effect of share-based compensation exercises and vesting	1,031
Issuance of 8.125% senior notes, net of deferred financing costs		244,970
Redemption of 8.375% senior subordinated notes due 2014		(215,720)
Distribution of capital to shareholder		(750)
Proceeds from revolving credit and long term debt	35,535	1,000
Proceeds from (payments on) term loans and other debt		(34,785)
Net cash provided (used) by financing activities	32,093	20,035
Increase (decrease) in cash and cash equivalents		(710)
Cash and Cash Equivalents at Beginning of Period		1,339
Cash and Cash Equivalents at End of Period		629
Combined Guarantor Subsidiaries [Member]
Condensed consolidating statement of cash flows
Net cash (used) provided by operations	70,076	36,753
Cash flows from investing activities:
Acquisitions, net of cash acquired	(96,570)
Proceeds from sale of property	400
Purchases of property, plant and equipment, net	(17,184)	(7,883)
Proceeds from bond redemption
Net cash provided (used) in investing activities	(113,354)	(7,883)
Cash flows from financing activities:
Dividend paid to parent
Capital contribution from parent
Bank debt issue costs
Intercompany account change	44,516	(28,832)
Income tax effect of share-based compensation exercises and vesting
Debt issue costs
Issuance of 8.125% senior notes, net of deferred financing costs
Redemption of 8.375% senior subordinated notes due 2014
Distribution of capital to shareholder
Proceeds from revolving credit and long term debt	(133)
Proceeds from (payments on) term loans and other debt		(38)
Net cash provided (used) by financing activities	44,383	(28,870)
Increase (decrease) in cash and cash equivalents	1,105
Cash and Cash Equivalents at Beginning of Period	109
Cash and Cash Equivalents at End of Period	1,214
Combined Non-Guarantor Subsidiaries [Member]
Condensed consolidating statement of cash flows
Net cash (used) provided by operations	6,029	(592)
Cash flows from investing activities:
Acquisitions, net of cash acquired
Proceeds from sale of property
Purchases of property, plant and equipment, net	(932)	(334)
Proceeds from bond redemption		26,165
Net cash provided (used) in investing activities	(932)	25,831
Cash flows from financing activities:
Dividend paid to parent
Capital contribution from parent
Bank debt issue costs
Intercompany account change	(31,160)	5,257
Income tax effect of share-based compensation exercises and vesting
Debt issue costs
Issuance of 8.125% senior notes, net of deferred financing costs
Redemption of 8.375% senior subordinated notes due 2014
Distribution of capital to shareholder
Proceeds from revolving credit and long term debt
Proceeds from (payments on) term loans and other debt		(1,229)
Net cash provided (used) by financing activities	(31,160)	4,028
Increase (decrease) in cash and cash equivalents	(26,063)	29,267
Cash and Cash Equivalents at Beginning of Period	61,188	33,736
Cash and Cash Equivalents at End of Period	35,125	63,003
Reclassifications/ Eliminations [Member]
Condensed consolidating statement of cash flows
Net cash (used) provided by operations	1,258	2,825
Cash flows from investing activities:
Acquisitions, net of cash acquired
Proceeds from sale of property
Purchases of property, plant and equipment, net
Proceeds from bond redemption		(26,165)
Net cash provided (used) in investing activities		(26,165)
Cash flows from financing activities:
Dividend paid to parent
Capital contribution from parent
Bank debt issue costs
Intercompany account change	(1,258)	(2,825)
Income tax effect of share-based compensation exercises and vesting
Debt issue costs
Issuance of 8.125% senior notes, net of deferred financing costs
Redemption of 8.375% senior subordinated notes due 2014		26,165
Distribution of capital to shareholder
Proceeds from revolving credit and long term debt
Proceeds from (payments on) term loans and other debt
Net cash provided (used) by financing activities	(1,258)	23,340
Increase (decrease) in cash and cash equivalents
Cash and Cash Equivalents at Beginning of Period
Cash and Cash Equivalents at End of Period

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Fair Value Measurements (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2011
Fair Value Measurements (Textual) [Abstract]
Senior notes due 2021	8.125%
8.125% senior notes due 2021 [Member]
Fair Value Measurements (Textual) [Abstract]
Senior notes due 2021	8.125%		8.125%
Fair value of senior notes	$ 259,000	$ 247,500
Carrying value of senior notes		$ 250,000

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Accrued Warranty Costs (Tables)

9 Months Ended

Sep. 30, 2012

Accrued Warranty Costs [Abstract]

Changes in product warranty liability

	2012			2011
Balance at January 1	$	4,208		$	4,046
Claims paid during the year		(1,453	)		(3,260	)
Additional warranties issued during the first nine months		1,771			3,265
Acquired warranty liabilities		3,317			—
Balance at September 30	$	7,843		$	4,051

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Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2012

Financing Arrangements [Abstract]

Components of Long-term debt

Long-term debt consists of the following:

	September 30, 2012		December 31, 2011
8.125% senior notes due 2021	$	250,000	$	250,000
Revolving credit		106,286		93,000
Term loan		23,214		—
Other		3,480		4,580
		382,980		347,580
Less current maturities		4,230		1,415
Total	$	378,750	$	346,165

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Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Senior subordinated debt redemption costs	$ 5,720

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Acquisition (Tables)

9 Months Ended

Sep. 30, 2012

Acquisition [Abstract]

Allocation of purchase price

Cash and cash equivalents	$	2,202
Accounts receivable		30,920
Inventories		12,355
Prepaid expenses and other current assets		3,998
Property, plant and equipment		30,258
Customer relationships		29,400
Trademarks and trade name		11,500
Other assets		212
Accounts payable		(17,207	)
Accrued expenses		(15,599	)
Deferred tax liability		(26,952	)
Other long-term liabilities		(776	)
Goodwill		38,461
Total purchase price	$	98,772

Pro forma information of Acquisition

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Pro forma revenues	$	286,462	$	288,509	$	909,204	$	869,762
Pro forma net income	$	10,694	$	6,021	$	20,672	$	17,012

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Comprehensive Loss (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Components of accumulated comprehensive loss
Foreign currency translation adjustment	$ 5,625	$ 4,822
Pension and postretirement benefit adjustments, net of tax	(12,046)	(13,257)
Accumulated comprehensive income (loss)	$ (6,421)	$ (8,435)

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Goodwill and Other Intangible Assets (Details Textual) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Goodwill And Other Intangible Assets (Textual) [Abstract]
FRS Acquisition of Goodwill and Other Intangible Assets	$ 38,429
Amortization expense	1,966
Estimated amortization expense 2012	2,569
Estimated amortization expense 2013	3,046
Estimated amortization expense 2014	2,999
Estimated amortization expense 2015	2,999
Estimated amortization expense 2016	$ 2,999
Weighted-average amortization period	13 years 7 months 6 days

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Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current assets
Cash and cash equivalents	$ 36,339	$ 61,297
Accounts receivable, less allowances for doubtful accounts of $3078 at September 30, 2012 and $5,483 at December 31, 2011	172,949	139,750
Inventories, net	223,922	202,039
Deferred tax assets	22,244	20,561
Unbilled contract revenue	9,541	18,778
Other current assets	20,131	10,309
Total Current Assets	485,126	452,734
Property, plant and equipment:
Land and land improvements	5,629	3,604
Buildings	58,675	50,620
Machinery and equipment	242,810	206,809
Property, plant and equipment, gross	307,114	261,033
Less accumulated depreciation	207,875	198,007
Property, plant and equipment, net	99,239	63,026
Other assets:
Goodwill and other intangible assets	97,550	20,187
Other	62,429	61,452
Total Assets	744,344	597,399
Current liabilities:
Trade accounts payable	120,352	99,562
Payables to affiliates	1,845	1,569
Accrued expenses	94,908	73,298
Current portion of long-term debt	4,230	1,415
Current portion of other postretirement benefits	2,002	2,002
Total Current Liabilities	223,337	177,846
Long-term liabilities, less current portion:
Senior Notes	250,000	250,000
Credit facility	125,929	93,000
Other long-term debt	2,821	3,165
Deferred tax liability	29,728	1,392
Other postretirement benefits and other long-term liabilities	26,774	24,285
Total Liabilities	435,252	371,842
Shareholder's equity
Common stock, par value $1 a share
Additional paid-in capital	73,066	59,867
Retained earnings (deficit)	19,110	(3,721)
Accumulated other comprehensive (loss)	(6,421)	(8,435)
Total shareholder's equity	85,755	47,711
Total liabilities and shareholder's equity	$ 744,344	$ 597,399

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Financing Arrangements (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Components of Long-term debt
Long-term debt	$ 382,980	$ 347,580
Less current maturities	4,230	1,415
Long-term debt, excluding current maturities	378,750	346,165
8.125% senior notes due 2021 [Member]
Components of Long-term debt
Long-term debt	250,000	250,000
Revolving credit [Member]
Components of Long-term debt
Long-term debt	106,286	93,000
Term loan [Member]
Components of Long-term debt
Long-term debt	23,214
Other [Member]
Components of Long-term debt
Long-term debt	$ 3,480	$ 4,580

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Condensed Consolidated Statement of Shareholder's Equity (Unaudited) (USD $) In Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive (Loss)
Beginning balance at Dec. 31, 2011	$ 47,711		$ 59,867	$ (3,721)	$ (8,435)
Other comprehensive income	26,345			24,331	2,014
Share-based compensation expense	2,168		2,168
Income tax effect of share-based compensation exercises and vesting	1,031		1,031
Dividend paid to parent	(1,500)			(1,500)
Capital contribution from parent	10,000		10,000
Ending balance at Sep. 30, 2012	$ 85,755		$ 73,066	$ 19,110	$ (6,421)

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Segments (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Results by business segment
Net sales	$ 286,462	$ 243,544	$ 858,335	$ 731,980
Segment operating income:	27,832	20,441	84,264	61,990
Corporate costs	(5,166)	(4,814)	(14,892)	(13,542)
Settlement of litigation			(13,000)
Restructuring and asset impairment charge		(5,359)		(5,359)
Interest expense	(6,523)	(6,218)	(19,805)	(26,331)
Income before income taxes	16,143	4,050	36,567	16,758
Identifiable assets	744,344		744,344		597,399
Supply Technologies [Member]
Results by business segment
Net sales	117,384	123,186	381,541	368,509
Segment operating income:	7,632	7,896	27,204	24,493
Identifiable assets	222,265		222,265		225,346
Assembly Components [Member]
Results by business segment
Net sales	84,426	38,131	220,474	126,142
Segment operating income:	6,013	(1,039)	14,393	3,017
Identifiable assets	235,907		235,907		72,232
Engineered Products [Member]
Results by business segment
Net sales	84,652	82,227	256,320	237,329
Segment operating income:	14,187	13,584	42,667	34,480
Identifiable assets	204,407		204,407		195,834
General corporate [Member]
Results by business segment
Identifiable assets	$ 81,765		$ 81,765		$ 103,987

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Commitments, Contingencies and Litigation Settlement

9 Months Ended

Sep. 30, 2012

Commitments, Contingencies and Litigation Settlement [Abstract]

Commitments, Contingencies and Litigation Settlement

NOTE N — Commitments, Contingencies and Litigation Settlement

The Company is subject to various pending and threatened legal proceedings arising in the ordinary course of business. Although the Company cannot precisely predict the amount of any liability that may ultimately arise with respect to any of these matters, the Company records provisions when it considers the liability probable and reasonably estimable. Our provisions are based on historical experience and legal advice, reviewed quarterly and adjusted according to developments. Estimating probable losses requires the analysis of multiple forecasted factors that often depend on judgments about potential actions by third parties, such as regulators, courts, and state and federal legislatures. Changes in the amounts of our loss provisions, which can be material, affect our financial condition. Due to the inherent uncertainties in the process undertaken to estimate potential losses, we are unable to estimate an additional range of loss in excess of our accruals. While it is reasonably possible that such excess liabilities, if they were to occur, could be material to operating results in any given quarter or year of their recognition, we do not believe that it is reasonably possible that such excess liabilities would have a material adverse effect on our long-term results of operations, liquidity or consolidated financial position.

Our subsidiaries are involved in a number of contractual and warranty related disputes. At this time, we cannot reasonably determine the timing and amount of any such loss. We believe that appropriate liabilities for these contingencies have been recorded; however, actual results may differ materially from our estimates.

One of our subsidiaries, Ajax Tocco Magnethermic (“ATM”), which is included in the Engineered Products segment, was a party to a binding arbitration proceeding pending in South Africa with its customer Evraz Highveld Steel and Vanadium (“Evraz”). The arbitration involved a dispute over the design and installation of a melting furnace. Evraz sought binding arbitration in September 2011 for breach of contract and sought compensatory damages in the amount of $37,000, as well as fees and expenses related to the arbitration. ATM counterclaimed in the arbitration, alleging breach of contract for non-payment of $2,700 as well as fees and expenses related to the arbitration. The arbitration was scheduled to commence in June 2012. Prior to the start of the arbitration, after complete evaluation of Evraz’s evidence, consideration of the jurisdiction of the matter, the uncertainty of a specific outcome and other pertinent facts noted in preparation for the arbitration, we entered into a settlement agreement with Evraz pursuant to which we agreed to settle all claims subject to the arbitration proceeding by paying Evraz $13,000 in cash, which payment was made in June 2012. The $2,700 amount receivable from Evraz had been previously reserved and was written off in conjunction with the settlement.

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Segments (Details Textual)	9 Months Ended
	Sep. 30, 2012 Segment
Segments (Textual) [Abstract]
Number of reportable segments	3

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Supplemental Guarantor Information

9 Months Ended

Sep. 30, 2012

Supplemental Guarantor Information [Abstract]

Supplemental Guarantor Information

NOTE P — Supplemental Guarantor Information

Each of the material domestic direct and indirect wholly-owned subsidiaries of the Company (the “Guarantor Subsidiaries”) has fully and unconditionally guaranteed, on a joint and several basis, to pay principal, premium, and interest with respect to the 8.125% senior notes due 2021. Each of the Guarantor Subsidiaries is “100% owned” as defined by Rule 3-10(h)(1) of Regulation S-X.

The following supplemental condensed consolidating financial statements present condensed consolidating balance sheets as of September 30, 2012 and December 31, 2011, condensed consolidating statements of income for the three months and nine months ended September 30, 2012 and 2011, condensed consolidating statements of cash flows for the nine months ended September 30, 2012 and 2011 and reclassification and elimination entries necessary to consolidate the Parent and all of its subsidiaries. The “Parent” reflected in the accompanying supplemental guarantor information is Park-Ohio Industries, Inc.

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 2012

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Reclassifications/ Eliminations			Consolidated
	(In thousands)
Current assets:
Cash and cash equivalents	$	—	$	1,214	$	35,125	$	—		$	36,339
Accounts receivable, net		—		135,608		37,341		—			172,949
Inventories		—		179,012		44,910		—			223,922
Other current assets		382		22,889		6,401		—			29,672
Deferred tax assets		4,311		16,585		1,348		—			22,244
Total Current Assets		4,693		355,308		125,125		—			485,126
Investment in subsidiaries		346,174		107,514		—		(453,688	)		—
Intercompany advances		177,530		30,871		88,939		(297,340	)		—
Property, Plant and Equipment, net		5,070		88,973		5,196		—			99,239
Other Assets:
Goodwill and other intangible assets		—		94,775		2,775		—			97,550
Other		61,043		—		1,386		—			62,429
Total Other Assets		61,043		94,775		4,161		—			159,979
Total Assets	$	594,510	$	677,441	$	223,421	$	(751,028	)	$	744,344
Current Liabilities:
Trade accounts payable	$	1,740	$	101,851	$	16,761	$	—		$	120,352
Payable to affiliates		1,845		—		—		—			1,845
Accrued expenses		15,149		55,743		24,016		—			94,908
Current portion of long-term liabilities		2,002		4,230		—		—			6,232
Total Current Liabilities		20,736		161,824		40,777		—			223,337
Long-Term Liabilities, less current portion 8.125% Senior notes due 2021		250,000		—		—		—			250,000
Revolving credit		125,929		—		—		—			125,929
Other long-term debt		—		2,821		—		—			2,821
Deferred tax liability		1,646		26,751		1,331		—			29,728
Other postretirement benefits and other long-term liabilities		24,046		2,224		504		—			26,774
Total Long-Term Liabilities		401,621		31,796		1,835		—			435,252
Intercompany advances		86,398		137,647		73,295		(297,340	)		—
Shareholder’s Equity		85,755		346,174		107,514		(453,688	)		85,755
Total Liabilities and Shareholder’s Equity	$	594,510	$	677,441	$	223,421	$	(751,028	)	$	744,344

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2011

	Parent			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications/ Eliminations			Consolidated
	(In thousands)
Current assets:
Cash and cash equivalents	$	—		$	109		$	61,188		$	—		$	61,297
Accounts receivable, net		—			106,414			33,336			—			139,750
Inventories		—			164,857			37,182			—			202,039
Other current assets		1,013			21,440			6,634			—			29,087
Deferred tax assets		4,311			14,902			1,348			—			20,561
Total Current Assets		5,324			307,722			139,688			—			452,734
Investment in subsidiaries		290,106			96,781			—			(386,887	)		—
Intercompany advances		75,519			7,249			48,966			(131,734	)		—
Property, Plant and Equipment, net		7,201			50,914			4,911			—			63,026
Other Assets:
Goodwill and other intangible assets		—			17,632			2,555			—			20,187
Other		55,437			4,538			1,477			—			61,452
Total Other Assets		55,437			22,170			4,032			—			81,639
Total Assets	$	433,587		$	484,836		$	197,597		$	(518,621	)	$	597,399
Current Liabilities:
Trade accounts payable	$	6,774		$	75,604		$	17,184		$	—		$	99,562
Payable to affiliates		—			—			1,569			—			1,569
Accrued expenses		8,750			45,914			18,634			—			73,298
Current portion of long-term liabilities		—			3,417			—			—			3,417
Total Current Liabilities		15,524			124,935			37,387			—			177,846
Long-Term Liabilities, less current portion 8.125% Senior notes due 2021		250,000			—			—			—			250,000
Revolving credit		93,000			—			—			—			93,000
Other long-term debt		(180	)		3,345			—			—			3,165
Deferred tax liability		2,853			(1,282	)		(179	)		—			1,392
Other postretirement benefits and other long-term liabilities		23,768			(62	)		579			—			24,285
Total Long-Term Liabilities		369,441			2,001			400			—			371,842
Intercompany advances		911			67,794			63,029			(131,734	)		—
Shareholder’s Equity		47,711			290,106			96,781			(386,887	)		47,711
Total Liabilities and Shareholder’s Equity	$	433,587		$	484,836		$	197,597		$	(518,621	)	$	597,399

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended September 30, 2012

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	732,957	$	125,378	$	—		$	858,335
Cost of sales		—		608,302		91,274		—			699,576
Gross profit		—		124,655		34,104		—			158,759
Operating expenses:
Selling, general and administrative expenses		11,255		58,313		19,819		—			89,387
Settlement of litigation		—		13,000		—		—			13,000
Income (loss) from subsidiaries		57,667		10,617		—		(68,284	)		—
Operating income		46,412		63,959		14,285		(68,284	)		56,372
Interest expense		19,334		193		278		—			19,805
Income before income taxes		27,078		63,766		14,007		(68,284	)		36,567
Income taxes		2,747		6,099		3,390		—			12,236
Net income	$	24,331	$	57,667	$	10,617	$	(68,284	)	$	24,331

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended September 30, 2011

	Parent		Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	602,732		$	129,248		$	—		$	731,980
Cost of sales		—		503,343			99,599			—			602,942
Gross profit		—		99,389			29,649			—			129,038
Operating expenses:
Selling, general and administrative expenses		10,143		51,196			19,251			—			80,590
Restructuring and asset impairment charge		—		5,148			211			—			5,359
Income (loss) from subsidiaries		47,030		14,671			—			(61,701	)		—
Operating income		36,887		57,716			10,187			(61,701	)		43,089
Gain on bond redemption		—		—			(12,656	)		12,656			—
Interest expense		26,197		(245	)		379			—			26,331
Income before income taxes		10,690		57,961			22,464			(74,357	)		16,758
Income taxes		—		375			7,793			(2,100	)		6,068
Net income	$	10,690	$	57,586		$	14,671		$	(72,257	)	$	10,690

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended September 30, 2012

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	245,025	$	41,437	$	—		$	286,462
Cost of sales		—		202,656		29,876		—			232,532
Gross profit		—		42,369		11,561		—			53,930
Operating expenses:
Selling, general and administrative expenses		5,673		18,295		7,296		—			31,264
Income (loss) from subsidiaries		24,223		3,328		—		(27,551	)		—
Operating income		18,550		27,402		4,265		(27,551	)		22,666
Interest expense		6,367		65		91		—			6,523
Income before income taxes		12,183		27,337		4,174		(27,551	)		16,143
Income taxes		1,489		3,114		846		—			5,449
Net income	$	10,694	$	24,223	$	3,328	$	(27,551	)	$	10,694

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended September 30, 2011

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	197,886	$	45,658	$	—		$	243,544
Cost of sales		—		166,135		35,535		—			201,670
Gross profit		—		31,751		10,123		—			41,874
Operating expenses:
Selling, general and administrative expenses		3,357		16,752		6,138		—			26,247
Restructuring and asset impairment charge		—		5,148		211		—			5,359
Income (loss) from subsidiaries		12,325		2,636		—		(14,961	)		—
Operating income		8,968		12,487		3,774		(14,961	)		10,268
Interest expense		6,096		37		85		—			6,218
Income (loss) before income taxes		2,872		12,450		3,689		(14,961	)		4,050
Income taxes		—		125		1,053		—			1,178
Net income (loss)	$	2,872	$	12,325	$	2,636	$	(14,961	)	$	2,872

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 2012

	Parent			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net cash (used) provided by operations	$	(33,319	)	$	70,076		$	6,029		$	1,258		$	44,044
Cash flows from investing activities:
Acquisition, net of cash acquired		—			(96,570	)		—			—			(96,570	)
Proceeds from sale of property		—			400			—			—			400
Purchases of property, plant and equipment, net		1,226			(17,184	)		(932	)		—			(16,890	)
Net cash provided (used) in investing activities		1,226			(113,354	)		(932	)		—			(113,060	)
Cash flows from financing activities:
Dividends paid to parent		(1,500	)		—			—			—			(1,500	)
Capital contribution from parent		10,000			—			—			—			10,000
Intercompany account change		(12,098	)		44,516			(31,160	)		(1,258	)		—
Income tax effect of share-based compensation exercises and vesting		1,031			—			—			—			1,031
Debt issue costs		(875	)		—			—			—			(875	)
Proceeds from revolving credit and long term debt		35,535			(133	)		—			—			35,402
Net cash provided (used) by financing activities		32,093			44,383			(31,160	)		(1,258	)		44,058
Increase (decrease) in cash and cash equivalents		—			1,105			(26,063	)		—			(24,958	)
Cash and cash equivalents at beginning of period		—			109			61,188			—			61,297
Cash and cash equivalents at end of period	$	—		$	1,214		$	35,125		$	—		$	36,339

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 2011

	Parent			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net cash (used) provided by operations	$	(20,646	)	$	36,753		$	(592	)	$	2,825		$	18,340
Cash flows from investing activities:
Purchases of property, plant and equipment, net		(99	)		(7,883	)		(334	)		—			(8,316	)
Proceeds from bond redemption		—			—			26,165			(26,165	)		—
Net cash (used) provided in investing activities		(99	)		(7,883	)		25,831			(26,165	)		(8,316	)
Cash flows from financing activities:
Bank debt issue costs		(1,080	)		—			—			—			(1,080	)
Intercompany account change		26,400			(28,832	)		5,257			(2,825	)		—
Issuance of 8.125% senior notes net of deferred financing costs		244,970			—			—			—			244,970
Redemption of 8.375% senior subordinated notes due 2014		(215,720	)		—			—			26,165			(189,555	)
Distribution of capital to shareholder		(750	)		—			—			—			(750	)
Proceeds from revolving credit facility		1,000			—			—			—			1,000
Payments on term loans and other debt		(34,785	)		(38	)		(1,229	)		—			(36,052	)
Net cash provided by financing activities		20,035			(28,870	)		4,028			23,340			18,533
Increase (decrease) in cash and cash equivalents		(710	)		—			29,267			—			28,557
Cash and cash equivalents at beginning of period		1,339			—			33,736			—			35,075
Cash and cash equivalents at end of period	$	629		$	—		$	63,003		$	—		$	63,632

XML

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
OPERATING ACTIVITIES
Net income	$ 24,331	$ 10,690
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	12,848	11,833
Debt extinguishment costs	305	7,335
Restructuring and asset impairment charge		5,359
Gain on sale of property	(250)
Share-based compensation	2,168	1,525
Changes in operating assets and liabilities:
Accounts receivable	(2,280)	(18,255)
Inventories and other current assets	(7,799)	(22,926)
Accounts payable and accrued expenses	9,869	37,501
Other	4,852	(14,722)
Net Cash Provided by Operating Activities	44,044	18,340
INVESTING ACTIVITIES
Purchases of property, plant and equipment, net	(16,890)	(8,316)
Proceeds from sale of property	400
Acquisitions, net of cash acquired	(96,570)
Net Cash Used by Investing Activities	(113,060)	(8,316)
FINANCING ACTIVITIES
Proceeds from (payments on) term loans and other debt	25,687	(36,052)
Proceeds from (payments on) revolving credit facility, net	9,715	1,000
Dividend paid to parent	(1,500)
Issuance of 8.125% senior notes due 2021, net of deferred financing costs		244,970
Redemption of 8.375% senior subordinated notes due 2014		(189,555)
Bank debt issue costs	(875)	(1,080)
Distribution of capital to shareholder		(750)
Income tax effect of share-based compensation exercises and vesting	1,031
Capital contribution from parent	10,000
Net Cash Provided by Financing Activities	44,058	18,533
(Decrease) Increase in Cash and Cash Equivalents	(24,958)	28,557
Cash and Cash Equivalents at Beginning of Period	61,297	35,075
Cash and Cash Equivalents at End of Period	36,339	63,632
Taxes paid	4,834	2,466
Interest paid (includes $5,720 of senior subordinated debt redemption costs in 2011)	$ 12,694	$ 10,449

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Condensed Consolidated Balance Sheets [Abstract]
Allowances for doubtful accounts	$ 3,078	$ 5,483
Common stock, par value	$ 1	$ 1

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Income Taxes

9 Months Ended

Sep. 30, 2012

Income Taxes [Abstract]

Income Taxes

NOTE I — Income Taxes

The Company’s tax provision for interim periods is determined using an estimate of its annual effective income tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates the estimated annual effective income tax rate, and if the estimated income tax rate changes, a cumulative adjustment is made.

The effective tax rate for the first nine months of 2012 and 2011 was 33.5% and 36.2%, respectively. The 2012 annual effective income tax rate is estimated to be approximately 33.7% and is lower than the 35.0% United States federal statutory rate primarily due to anticipated income in jurisdictions outside of the United States where the effective income tax rate is lower than in the United States.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2012	Oct. 31, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	PARK OHIO INDUSTRIES INC/OH
Entity Central Index Key	0001068148
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		100

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Fair Value Measurements

9 Months Ended

Sep. 30, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

NOTE J — Fair Value Measurements

The Company measures financial assets and liabilities at fair value in three levels of inputs. The three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is:

Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets.

Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.

Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

The fair value of the 8.125% senior notes due 2021 is estimated based on a third-party’s bid price, which was determined to be a Level 1 input. The fair value approximated $259,000 at September 30, 2012 and $247,500 at December 31, 2011 compared to a $250,000 carrying value. The fair value of the Company’s term loan and revolving credit portion of the Credit Agreement, as defined in Note K below, approximated its carrying amount as of September 30, 2012 and December 31, 2011.

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Condensed Consolidated Statements of Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Condensed Consolidated Statements of Operations [Abstract]
Net sales	$ 286,462	$ 243,544	$ 858,335	$ 731,980
Cost of products sold	232,532	201,670	699,576	602,942
Gross profit	53,930	41,874	158,759	129,038
Selling, general and administrative expenses	31,264	26,247	89,387	80,590
Restructuring and asset impairment charge		5,359		5,359
Settlement of litigation			13,000
Operating income	22,666	10,268	56,372	43,089
Interest expense	6,523	6,218	19,805	26,331
Income before income taxes	16,143	4,050	36,567	16,758
Income taxes	5,449	1,178	12,236	6,068
Net income	$ 10,694	$ 2,872	$ 24,331	$ 10,690

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Inventories

9 Months Ended

Sep. 30, 2012

Inventories [Abstract]

Inventories

NOTE D — Inventories

The components of inventory consist of the following:

	September 30,		December 31,
	2012		2011
Finished goods	$	117,229	$	122,010
Work in process		28,784		20,660
Raw materials and supplies		77,909		59,369
	$	223,922	$	202,039

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Segments

9 Months Ended

Sep. 30, 2012

Segments [Abstract]

Segments

NOTE C — Segments

On March 23, 2012, the Company completed the acquisition of Fluid Routing Solutions Holding Corp. (“FRS”), a leading manufacturer of automotive and industrial rubber and thermoplastic hose products and fuel filler and hydraulic fluid assemblies for the automotive and industrial industries. FRS will expand the Company’s sales of assembled components.

During the second quarter of 2012, as a result of the FRS acquisition, the Company realigned its segments in order to better align its business with the underlying markets and customers that the Company serves. In so doing, we combined Aluminum Products, Rubber Products (previously included in the former Manufactured Products segment), and Delo Screw Products (previously included in the Supply Technologies segment) along with FRS to form the Assembly Components segment. The former Manufactured Products segment will now be referred to as Engineered Products. The results of operations of FRS from the date of the acquisition through September 30, 2012 are included in the Assembly Components segment. The business segment results for the prior year have been reclassified to reflect these changes. Following is a description of each of our three reportable segments.

Supply Technologies provides our customers with Total Supply Management™ services for a broad range of high-volume, specialty production components. Total Supply Management™ manages the efficiencies of every aspect of supplying production parts and materials to our customers’ manufacturing floor, from strategic planning to program implementation, and includes such services as engineering and design support, part usage and cost analysis, supplier selection, quality assurance, bar coding, product packaging and tracking, just-in-time and point-of-use delivery, electronic billing services and ongoing technical support. Assembly Components manufactures cast aluminum components, automotive and industrial rubber and thermoplastic products, fuel filler and hydraulic assemblies for automotive, agricultural equipment, construction equipment, heavy-duty truck and marine equipment industries. Assembly Components also provides value-added services such as design and engineering, machining and assembly. Engineered Products operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of high quality products engineered for specific customer applications.

The Company primarily evaluates performance and allocates resources based on segment operating income as well as projected future performance. Segment operating income is defined as revenues less expenses identifiable to the product lines included within each segment. Segment operating income reconciles to consolidated income before income taxes by deducting corporate costs and other income or expense items that are not attributed to the segments and net interest expense.

Results by business segment were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Net sales:
Supply Technologies	$	117,384		$	123,186		$	381,541		$	368,509
Assembly Components		84,426			38,131			220,474			126,142
Engineered Products		84,652			82,227			256,320			237,329
	$	286,462		$	243,544		$	858,335		$	731,980
Segment operating income:
Supply Technologies	$	7,632		$	7,896		$	27,204		$	24,493
Assembly Components		6,013			(1,039	)		14,393			3,017
Engineered Products		14,187			13,584			42,667			34,480
		27,832			20,441			84,264			61,990
Corporate costs		(5,166	)		(4,814	)		(14,892	)		(13,542	)
Settlement of litigation		—			—			(13,000	)		—
Restructuring and asset impairment charge		—			(5,359	)		—			(5,359	)
Interest expense		(6,523	)		(6,218	)		(19,805	)		(26,331	)
Income before income taxes	$	16,143		$	4,050		$	36,567		$	16,758

	September 30,		December 31,
	2012		2011
Identifiable assets:
Supply Technologies	$	222,265	$	225,346
Assembly Components		235,907		72,232
Engineered Products		204,407		195,834
General corporate		81,765		103,987
	$	744,344	$	597,399

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Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2012

Goodwill and Other Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

NOTE O — Goodwill and Other Intangible Assets

The change in goodwill and other intangibles assets reflected on the balance sheet from December 31, 2011 to September 30, 2012 was the result of an increase of $38,429 related to the acquisition of FRS and foreign currency translation. Information regarding other intangible assets as of September 30, 2012 and December 31, 2011 follows:

	September 30, 2012						December 31, 2011
	Acquisition Costs		Accumulated Amortization		Net		Acquisition Costs		Accumulated Amortization		Net
Non-contractual customer relationships	$	41,070	$	5,052	$	36,018	$	11,670	$	3,320	$	8,350
Other		3,420		1,280		2,140		3,420		1,046		2,374
	$	44,490	$	6,332	$	38,158	$	15,090	$	4,366	$	10,724
Indefinite-lived tradenames						11,500						—
Goodwill						47,892						9,463
Total					$	97,550					$	20,187

Amortization expense for the first nine months of 2012 was $1,966 and is estimated to be $2,569 in 2012, $3,046 in 2013 and $2,999 for each of the three subsequent years thereafter. The weighted-average amortization period for the acquired intangible assets was approximately 13.6 years.

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Financing Arrangements

9 Months Ended

Sep. 30, 2012

Financing Arrangements [Abstract]

Financing Arrangements

NOTE K — Financing Arrangements

The Company is a party to a credit and security agreement, dated November 5, 2003, as amended (the “Credit Agreement”), with a group of banks, under which it may borrow or issue standby letters of credit or commercial letters of credit. On March 23, 2012, the Credit Agreement was amended and restated to, among other things, increase the revolving loan commitment from $200,000 to $220,000, and provide a term loan for $25,000 that is secured by certain real estate and machinery and equipment. Amounts borrowed under the revolving credit facility may be borrowed at either (i) LIBOR plus 1.75% to 2.75% or (ii) the bank’s prime lending rate minus .25% to 1.00%, at the Company’s election. The LIBOR-based interest rate is dependent on the Company’s debt service coverage ratio, as defined in the Credit Agreement. Under the Credit Agreement, a detailed borrowing base formula provides borrowing availability to the Company based on percentages of eligible accounts receivable and inventory. The interest rate on the revolving credit facility was 2% at September 30, 2012. Interest on the term loan is at either (i) LIBOR plus 2.75% or (ii) the bank’s prime lending rate plus .25%, at the Company’s election. The term loan is amortized based on a seven-year schedule with the balance due at maturity (April 7, 2016). The interest rate on the term loan was 3.13% at September 30, 2012.

Long-term debt consists of the following:

	September 30, 2012		December 31, 2011
8.125% senior notes due 2021	$	250,000	$	250,000
Revolving credit		106,286		93,000
Term loan		23,214		—
Other		3,480		4,580
		382,980		347,580
Less current maturities		4,230		1,415
Total	$	378,750	$	346,165

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Comprehensive Loss

9 Months Ended

Sep. 30, 2012

Comprehensive Loss [Abstract]

Comprehensive Loss

NOTE G — Comprehensive Loss

The components of accumulated comprehensive loss at September 30, 2012 and December 31, 2011 were as follows:

	September 30,			December 31,
	2012			2011
Foreign currency translation adjustment	$	5,625		$	4,822
Pension and postretirement benefit adjustments, net of tax		(12,046	)		(13,257	)
	$	(6,421	)	$	(8,435	)

The pension and postretirement benefit liability amounts are net of deferred taxes of $5,571 at September 30, 2012 and December 31, 2011. No income taxes are provided on foreign currency translation adjustments as foreign earnings are considered permanently invested.

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Stock-Based Compensation

9 Months Ended

Sep. 30, 2012

Stock-Based Compensation [Abstract]

Stock-Based Compensation

NOTE E — Stock-Based Compensation

Holdings’ grants share-based compensation awards to the Company’s employees. In accordance with ASC 718, “Compensation - Stock Compensation” such costs have been allocated to the Company. Total stock-based compensation expense recorded in the first nine months of 2012 and 2011 was $2,168 and $1,525, respectively. Total stock compensation expense recorded in the third quarter of 2012 and 2011 was $807 and $605, respectively. There were no stock options awards during the first nine months of 2012 and 2011. There were 88 shares of Holdings’ restricted stock awarded during the three months ended September 30, 2012 at prices ranging from $19.38 to $19.45 per share. There were 258 shares of restricted stock awarded during the nine months ended September 30, 2012 at prices ranging from $18.82 to $21.59 per share. There were 140 shares of Holdings’ restricted stock awarded during the nine months ended September 30, 2011 at a price of $20.90 per share all of which were awarded during the three month period ended June 30, 2011. As of September 30, 2012, there was $6,588 of unrecognized compensation cost related to non-vested stock-based compensation, which cost is expected to be recognized over a weighted average period of 2.3 years.

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Pension Plans and Other Postretirement Benefits

9 Months Ended

Sep. 30, 2012

Pension Plans and Other Postretirement Benefits [Abstract]

Pension Plans and Other Postretirement Benefits

NOTE F — Pension Plans and Other Postretirement Benefits

The components of net periodic benefit (gain) cost recognized during interim periods were as follows:

	Pension Benefits												Postretirement Benefits
	Three Months Ended  September 30,						Nine Months Ended September 30,						Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011			2012			2011			2012			2011
Service costs	$	542		$	604		$	1,626		$	1,317		$	15		$	12		$	45		$	36
Interest costs		565			596			1,695			1,787			201			228			603			683
Expected return on plan assets		(2,059	)		(2,239	)		(6,177	)		(6,707	)		—			—			—			—
Transition obligation		(10	)		(10	)		(30	)		(30	)		—			—			—			—
Amortization of prior service cost		11			11			33			33			(24	)		(24	)		(72	)		(72	)
Recognized net actuarial loss		241			—			723			—			186			129			557			388
Net periodic benefit (gains) costs	$	(710	)	$	(1,038	)	$	(2,130	)	$	(3,600	)	$	378		$	345		$	1,133		$	1,035

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Accrued Warranty Costs

9 Months Ended

Sep. 30, 2012

Accrued Warranty Costs [Abstract]

Accrued Warranty Costs

NOTE H — Accrued Warranty Costs

The Company estimates the amount of warranty claims on sold products that may be incurred based on current and historical data. The actual warranty expense could differ from the estimates made by the Company based on product performance. The following table presents the changes in the Company’s product warranty liability:

	2012			2011
Balance at January 1	$	4,208		$	4,046
Claims paid during the year		(1,453	)		(3,260	)
Additional warranties issued during the first nine months		1,771			3,265
Acquired warranty liabilities		3,317			—
Balance at September 30	$	7,843		$	4,051

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Supplemental Guarantor Information (Tables)

9 Months Ended

Sep. 30, 2012

Supplemental Guarantor Information [Abstract]

Condensed consolidating balance sheet

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 2012

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Reclassifications/ Eliminations			Consolidated
	(In thousands)
Current assets:
Cash and cash equivalents	$	—	$	1,214	$	35,125	$	—		$	36,339
Accounts receivable, net		—		135,608		37,341		—			172,949
Inventories		—		179,012		44,910		—			223,922
Other current assets		382		22,889		6,401		—			29,672
Deferred tax assets		4,311		16,585		1,348		—			22,244
Total Current Assets		4,693		355,308		125,125		—			485,126
Investment in subsidiaries		346,174		107,514		—		(453,688	)		—
Intercompany advances		177,530		30,871		88,939		(297,340	)		—
Property, Plant and Equipment, net		5,070		88,973		5,196		—			99,239
Other Assets:
Goodwill and other intangible assets		—		94,775		2,775		—			97,550
Other		61,043		—		1,386		—			62,429
Total Other Assets		61,043		94,775		4,161		—			159,979
Total Assets	$	594,510	$	677,441	$	223,421	$	(751,028	)	$	744,344
Current Liabilities:
Trade accounts payable	$	1,740	$	101,851	$	16,761	$	—		$	120,352
Payable to affiliates		1,845		—		—		—			1,845
Accrued expenses		15,149		55,743		24,016		—			94,908
Current portion of long-term liabilities		2,002		4,230		—		—			6,232
Total Current Liabilities		20,736		161,824		40,777		—			223,337
Long-Term Liabilities, less current portion 8.125% Senior notes due 2021		250,000		—		—		—			250,000
Revolving credit		125,929		—		—		—			125,929
Other long-term debt		—		2,821		—		—			2,821
Deferred tax liability		1,646		26,751		1,331		—			29,728
Other postretirement benefits and other long-term liabilities		24,046		2,224		504		—			26,774
Total Long-Term Liabilities		401,621		31,796		1,835		—			435,252
Intercompany advances		86,398		137,647		73,295		(297,340	)		—
Shareholder’s Equity		85,755		346,174		107,514		(453,688	)		85,755
Total Liabilities and Shareholder’s Equity	$	594,510	$	677,441	$	223,421	$	(751,028	)	$	744,344

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2011

	Parent			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Reclassifications/ Eliminations			Consolidated
	(In thousands)
Current assets:
Cash and cash equivalents	$	—		$	109		$	61,188		$	—		$	61,297
Accounts receivable, net		—			106,414			33,336			—			139,750
Inventories		—			164,857			37,182			—			202,039
Other current assets		1,013			21,440			6,634			—			29,087
Deferred tax assets		4,311			14,902			1,348			—			20,561
Total Current Assets		5,324			307,722			139,688			—			452,734
Investment in subsidiaries		290,106			96,781			—			(386,887	)		—
Intercompany advances		75,519			7,249			48,966			(131,734	)		—
Property, Plant and Equipment, net		7,201			50,914			4,911			—			63,026
Other Assets:
Goodwill and other intangible assets		—			17,632			2,555			—			20,187
Other		55,437			4,538			1,477			—			61,452
Total Other Assets		55,437			22,170			4,032			—			81,639
Total Assets	$	433,587		$	484,836		$	197,597		$	(518,621	)	$	597,399
Current Liabilities:
Trade accounts payable	$	6,774		$	75,604		$	17,184		$	—		$	99,562
Payable to affiliates		—			—			1,569			—			1,569
Accrued expenses		8,750			45,914			18,634			—			73,298
Current portion of long-term liabilities		—			3,417			—			—			3,417
Total Current Liabilities		15,524			124,935			37,387			—			177,846
Long-Term Liabilities, less current portion 8.125% Senior notes due 2021		250,000			—			—			—			250,000
Revolving credit		93,000			—			—			—			93,000
Other long-term debt		(180	)		3,345			—			—			3,165
Deferred tax liability		2,853			(1,282	)		(179	)		—			1,392
Other postretirement benefits and other long-term liabilities		23,768			(62	)		579			—			24,285
Total Long-Term Liabilities		369,441			2,001			400			—			371,842
Intercompany advances		911			67,794			63,029			(131,734	)		—
Shareholder’s Equity		47,711			290,106			96,781			(386,887	)		47,711
Total Liabilities and Shareholder’s Equity	$	433,587		$	484,836		$	197,597		$	(518,621	)	$	597,399

Consolidating statement of operations

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended September 30, 2012

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	732,957	$	125,378	$	—		$	858,335
Cost of sales		—		608,302		91,274		—			699,576
Gross profit		—		124,655		34,104		—			158,759
Operating expenses:
Selling, general and administrative expenses		11,255		58,313		19,819		—			89,387
Settlement of litigation		—		13,000		—		—			13,000
Income (loss) from subsidiaries		57,667		10,617		—		(68,284	)		—
Operating income		46,412		63,959		14,285		(68,284	)		56,372
Interest expense		19,334		193		278		—			19,805
Income before income taxes		27,078		63,766		14,007		(68,284	)		36,567
Income taxes		2,747		6,099		3,390		—			12,236
Net income	$	24,331	$	57,667	$	10,617	$	(68,284	)	$	24,331

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Nine Months Ended September 30, 2011

	Parent		Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	602,732		$	129,248		$	—		$	731,980
Cost of sales		—		503,343			99,599			—			602,942
Gross profit		—		99,389			29,649			—			129,038
Operating expenses:
Selling, general and administrative expenses		10,143		51,196			19,251			—			80,590
Restructuring and asset impairment charge		—		5,148			211			—			5,359
Income (loss) from subsidiaries		47,030		14,671			—			(61,701	)		—
Operating income		36,887		57,716			10,187			(61,701	)		43,089
Gain on bond redemption		—		—			(12,656	)		12,656			—
Interest expense		26,197		(245	)		379			—			26,331
Income before income taxes		10,690		57,961			22,464			(74,357	)		16,758
Income taxes		—		375			7,793			(2,100	)		6,068
Net income	$	10,690	$	57,586		$	14,671		$	(72,257	)	$	10,690

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended September 30, 2012

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	245,025	$	41,437	$	—		$	286,462
Cost of sales		—		202,656		29,876		—			232,532
Gross profit		—		42,369		11,561		—			53,930
Operating expenses:
Selling, general and administrative expenses		5,673		18,295		7,296		—			31,264
Income (loss) from subsidiaries		24,223		3,328		—		(27,551	)		—
Operating income		18,550		27,402		4,265		(27,551	)		22,666
Interest expense		6,367		65		91		—			6,523
Income before income taxes		12,183		27,337		4,174		(27,551	)		16,143
Income taxes		1,489		3,114		846		—			5,449
Net income	$	10,694	$	24,223	$	3,328	$	(27,551	)	$	10,694

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

For the Three Months Ended September 30, 2011

	Parent		Combined Guarantor Subsidiaries		Combined Non-Guarantor Subsidiaries		Eliminations			Consolidated
	(In thousands)
Net sales	$	—	$	197,886	$	45,658	$	—		$	243,544
Cost of sales		—		166,135		35,535		—			201,670
Gross profit		—		31,751		10,123		—			41,874
Operating expenses:
Selling, general and administrative expenses		3,357		16,752		6,138		—			26,247
Restructuring and asset impairment charge		—		5,148		211		—			5,359
Income (loss) from subsidiaries		12,325		2,636		—		(14,961	)		—
Operating income		8,968		12,487		3,774		(14,961	)		10,268
Interest expense		6,096		37		85		—			6,218
Income (loss) before income taxes		2,872		12,450		3,689		(14,961	)		4,050
Income taxes		—		125		1,053		—			1,178
Net income (loss)	$	2,872	$	12,325	$	2,636	$	(14,961	)	$	2,872

Condensed consolidating statement of cash flows

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 2012

	Parent			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net cash (used) provided by operations	$	(33,319	)	$	70,076		$	6,029		$	1,258		$	44,044
Cash flows from investing activities:
Acquisition, net of cash acquired		—			(96,570	)		—			—			(96,570	)
Proceeds from sale of property		—			400			—			—			400
Purchases of property, plant and equipment, net		1,226			(17,184	)		(932	)		—			(16,890	)
Net cash provided (used) in investing activities		1,226			(113,354	)		(932	)		—			(113,060	)
Cash flows from financing activities:
Dividends paid to parent		(1,500	)		—			—			—			(1,500	)
Capital contribution from parent		10,000			—			—			—			10,000
Intercompany account change		(12,098	)		44,516			(31,160	)		(1,258	)		—
Income tax effect of share-based compensation exercises and vesting		1,031			—			—			—			1,031
Debt issue costs		(875	)		—			—			—			(875	)
Proceeds from revolving credit and long term debt		35,535			(133	)		—			—			35,402
Net cash provided (used) by financing activities		32,093			44,383			(31,160	)		(1,258	)		44,058
Increase (decrease) in cash and cash equivalents		—			1,105			(26,063	)		—			(24,958	)
Cash and cash equivalents at beginning of period		—			109			61,188			—			61,297
Cash and cash equivalents at end of period	$	—		$	1,214		$	35,125		$	—		$	36,339

PARK-OHIO INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

For the Nine Months Ended September 30, 2011

	Parent			Combined Guarantor Subsidiaries			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
	(In thousands)
Net cash (used) provided by operations	$	(20,646	)	$	36,753		$	(592	)	$	2,825		$	18,340
Cash flows from investing activities:
Purchases of property, plant and equipment, net		(99	)		(7,883	)		(334	)		—			(8,316	)
Proceeds from bond redemption		—			—			26,165			(26,165	)		—
Net cash (used) provided in investing activities		(99	)		(7,883	)		25,831			(26,165	)		(8,316	)
Cash flows from financing activities:
Bank debt issue costs		(1,080	)		—			—			—			(1,080	)
Intercompany account change		26,400			(28,832	)		5,257			(2,825	)		—
Issuance of 8.125% senior notes net of deferred financing costs		244,970			—			—			—			244,970
Redemption of 8.375% senior subordinated notes due 2014		(215,720	)		—			—			26,165			(189,555	)
Distribution of capital to shareholder		(750	)		—			—			—			(750	)
Proceeds from revolving credit facility		1,000			—			—			—			1,000
Payments on term loans and other debt		(34,785	)		(38	)		(1,229	)		—			(36,052	)
Net cash provided by financing activities		20,035			(28,870	)		4,028			23,340			18,533
Increase (decrease) in cash and cash equivalents		(710	)		—			29,267			—			28,557
Cash and cash equivalents at beginning of period		1,339			—			33,736			—			35,075
Cash and cash equivalents at end of period	$	629		$	—		$	63,003		$	—		$	63,632

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Commitments, Contingencies and Litigation Settlement (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Commitments, Contingencies and Litigation Settlement [Abstract]
Settlement claims subject to the arbitration proceeding	$ 13,000
Compensatory damages related to arbitration	37,000
Non-payment of fees and expenses related to arbitration	2,700
Written off of previously reserved amount	$ 2,700

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Acquisition

9 Months Ended

Sep. 30, 2012

Acquisition [Abstract]

Acquisition

NOTE M — Acquisition

On March 23, 2012, the Company completed the acquisition of FRS, a leading manufacturer of automotive and industrial rubber and thermoplastic hose products and fuel filler and hydraulic fluid assemblies, in an all cash transaction valued at $98,772. FRS products include fuel filler, hydraulic, and thermoplastic assemblies and several forms of manufactured rubber and thermoplastic hose, including bulk and formed fuel, power steering, transmission oil cooling, hydraulic and thermoplastic hose. FRS sells to automotive and industrial customers throughout North America, Europe and Asia. FRS has five production facilities located in Florida, Michigan, Ohio, Tennessee and the Czech Republic. FRS is included in the Company’s Assembly Components segment and had revenues of $107,482 and net income of $7,397 for the period from the date acquired through September 30, 2012. The Company funded the acquisition with cash of $40,000, a $25,000 seven-year amortizing term loan provided by the Credit Agreement and secured by certain real estate and machinery and equipment of the Company and $33,772 of borrowings under the revolving credit facility provided by the Credit Agreement. The acquisition was accounted for under the acquisition method of accounting. Under the acquisition method of accounting, the total estimated purchase price is allocated to FRS’ net tangible assets and intangible assets acquired and liabilities assumed based on their estimated fair values as of March 23, 2012, the effective date of the acquisition. Based on management’s valuation of the fair value of tangible and intangible assets acquired and liabilities assumed, which are based on estimates and assumptions, the preliminary purchase price is allocated as follows:

Cash and cash equivalents	$	2,202
Accounts receivable		30,920
Inventories		12,355
Prepaid expenses and other current assets		3,998
Property, plant and equipment		30,258
Customer relationships		29,400
Trademarks and trade name		11,500
Other assets		212
Accounts payable		(17,207	)
Accrued expenses		(15,599	)
Deferred tax liability		(26,952	)
Other long-term liabilities		(776	)
Goodwill		38,461
Total purchase price	$	98,772

There were $1,139 of direct transaction costs included in selling, general and administrative expenses during the first nine months of 2012.

During the third quarter of 2012, the Company made adjustments to its preliminary purchase price allocation for FRS resulting in a net decrease to goodwill of $9. The adjustments made primarily relate to the working capital adjustment and valuation of property, plant and equipment and the associated impact of deferred taxes.

The following unaudited pro forma information is provided to present a summary of the combined results of the Company’s operations with FRS as if the acquisition had occurred on January 1, 2011. The unaudited pro forma financial information is for informational purposes only and is not necessarily indicative of what the results would have been had the acquisition been completed at the date indicated above.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
Pro forma revenues	$	286,462	$	288,509	$	909,204	$	869,762
Pro forma net income	$	10,694	$	6,021	$	20,672	$	17,012

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Segments (Tables)

9 Months Ended

Sep. 30, 2012

Segments [Abstract]

Results by business segment

Results by business segment were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Net sales:
Supply Technologies	$	117,384		$	123,186		$	381,541		$	368,509
Assembly Components		84,426			38,131			220,474			126,142
Engineered Products		84,652			82,227			256,320			237,329
	$	286,462		$	243,544		$	858,335		$	731,980
Segment operating income:
Supply Technologies	$	7,632		$	7,896		$	27,204		$	24,493
Assembly Components		6,013			(1,039	)		14,393			3,017
Engineered Products		14,187			13,584			42,667			34,480
		27,832			20,441			84,264			61,990
Corporate costs		(5,166	)		(4,814	)		(14,892	)		(13,542	)
Settlement of litigation		—			—			(13,000	)		—
Restructuring and asset impairment charge		—			(5,359	)		—			(5,359	)
Interest expense		(6,523	)		(6,218	)		(19,805	)		(26,331	)
Income before income taxes	$	16,143		$	4,050		$	36,567		$	16,758

	September 30,		December 31,
	2012		2011
Identifiable assets:
Supply Technologies	$	222,265	$	225,346
Assembly Components		235,907		72,232
Engineered Products		204,407		195,834
General corporate		81,765		103,987
	$	744,344	$	597,399

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Acquisition (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Pro forma information of Acquisition
Pro forma revenues	$ 286,462	$ 288,509	$ 909,204	$ 869,762
Pro forma net income	$ 10,694	$ 6,021	$ 20,672	$ 17,012

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Comprehensive Loss (Details Textual) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Comprehensive Loss (Textual) [Abstract]
Deferred taxes on pension and postretirement benefit liability	$ 5,571	$ 5,571

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Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Condensed Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 10,694	$ 2,872	$ 24,331	$ 10,690
Other comprehensive income:
Foreign currency translation gain (loss)	2,473	(3,191)	803	245
Pension and postretirement benefit adjustments	404	136	1,211	349
Total other comprehensive income (loss)	2,877	(3,055)	2,014	594
Comprehensive income (loss), net of tax	$ 13,571	$ (183)	$ 26,345	$ 11,284

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Recent Accounting Pronouncements

9 Months Ended

Sep. 30, 2012

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

NOTE B — Recent Accounting Pronouncements

Accounting Pronouncements Adopted in the Nine Months Ended September 30, 2012

In June 2011, the FASB issued ASU No. 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income.” ASU No. 2011-05 amends existing guidance by allowing only two options for presenting components of net income and other comprehensive income: (1) in a single continuous financial statement, statement of comprehensive income or (2) in two separate but consecutive financial statements, consisting of an income statement followed by a separate statement on other comprehensive income. Also, items that are reclassified from other comprehensive income to net income must be presented on the face of the financial statements. ASU No. 2011-05 requires retrospective application, and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2011 , with early adoption permitted. In December 2011, the FASB issued ASU No. 2011-12, deferring its requirements that companies present reclassification adjustments for each component of accumulated other comprehensive income in both net income and other comprehensive income on the face of the financial statements. Entities continue to be required to present amounts reclassified out of accumulated other comprehensive income on the face of the financial statements or disclose those amounts in the notes to the financial statements. The requirement to present reclassification adjustments in interim periods was also deferred. However, entities are required to report a total for comprehensive income in condensed financial statements of interim periods in a single continuous statement or in two consecutive statements. The FASB is reconsidering the presentation requirements for reclassification adjustments. The Company adopted ASU No. 2011-5 in the first quarter of 2012 and elected to present the components of net income and comprehensive income in two separate but consecutive statements.

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Inventories (Tables)

9 Months Ended

Sep. 30, 2012

Inventories [Abstract]

Components of inventory

The components of inventory consist of the following:

	September 30,		December 31,
	2012		2011
Finished goods	$	117,229	$	122,010
Work in process		28,784		20,660
Raw materials and supplies		77,909		59,369
	$	223,922	$	202,039

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Stock-Based Compensation (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Stock-Based Compensation (Additional Textual) [Abstract]
Stock-based compensation expense	$ 807	$ 605	$ 2,168	$ 1,525
Stock options awards			0	0
Unrecognized compensation cost related to non-vested stock-based compensation	$ 6,588		$ 6,588
Expected weighted average			2 years 3 months 18 days
Restricted Stock [Member]
Stock-Based Compensation (Textual) [Abstract]
Restricted stock awards	88		258	140
Price per share of restricted stock award				$ 20.90
Restricted Stock [Member] | Maximum [Member]
Stock-Based Compensation (Textual) [Abstract]
Price per share of restricted stock award	$ 19.45		$ 21.59
Restricted Stock [Member] | Minimum [Member]
Stock-Based Compensation (Textual) [Abstract]
Price per share of restricted stock award	$ 19.38		$ 18.82

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Accounts Receivable

9 Months Ended

Sep. 30, 2012

Accounts Receivable [Abstract]

Accounts Receivable

NOTE L — Accounts Receivable

During the first nine months of 2012 and 2011, the Company sold approximately $62,393 and $43,087, respectively, of accounts receivable to mitigate accounts receivable concentration risk and to provide additional financing capacity and recorded a loss in the amount of $260 and $190, respectively, in the condensed consolidated statements of operations. These losses represented implicit interest on the transactions.