EXHIBIT 99.1

Park-Ohio Announces First Quarter 2012 Results

CLEVELAND, OHIO, May 7, 2012 — Park-Ohio Holdings Corp. (NASDAQ:PKOH) today reported net sales of $263.1 million for first quarter 2012, an increase of $21.5 million or 9% from net sales of $241.6 million for first quarter 2011. ParkOhio reported income before income taxes of $13.4 million for first quarter 2012, an increase of 29% on income before income taxes of $10.4 million for first quarter 2011. ParkOhio recorded income tax expense of $4.4 million for first quarter 2012, an effective income tax rate of 33%, compared to $1.7 million, or an effective tax rate of 15% for first quarter 2011. ParkOhio reported net income of $9.0 million, or $.74 per share dilutive, for first quarter 2012, which included the impact of federal income tax expense. This compared to net income of $8.7 million, or $.73 per share dilutive, for first quarter 2011 which benefited from the absence of federal income tax expense.

“The economy has created an excellent opportunity for our style of management and the results indicate the possibilities for the future.” stated Edward F. Crawford, Chairman and Chief Executive Officer.

A conference call reviewing ParkOhio’s first quarter results will be broadcast live over the Internet on Tuesday, May 8, commencing at 10:00 am Eastern Time. Simply log on to http://www.pkoh.com.

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ParkOhio is a leading provider of supply management services and a manufacturer of highly-engineered products. Headquartered in Cleveland, Ohio, the Company operates 31 manufacturing sites and 44 supply chain logistics facilities.

This news release contains forward-looking statements, including statements regarding future performance of the Company that are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or projected.

Among the key factors that could cause actual results to differ materially from expectations are: the cyclical nature of the vehicular industry; timing of cost reductions; labor availability and stability; changes in economic and industry conditions; adverse impacts to the Company, its suppliers and customers from acts of terrorism or hostilities; the financial condition of the Company’s customers and suppliers, including the impact of any bankruptcies; the Company’s ability to successfully integrate the operations of acquired companies; the uncertainties of environmental, litigation or corporate contingencies; and changes in regulatory requirements. These and other risks and assumptions are described in the Company’s reports that are available from the United States Securities and Exchange Commission. The Company assumes no obligation to update the information in this release.

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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (UNAUDITED)

PARK-OHIO HOLDINGS CORP. AND SUBSIDIARIES

(In Thousands Except per Share Data)

Note A—EBITDA, as defined, reflects earnings before interest and income taxes, and excludes depreciation, amortization, certain non-cash charges and corporate-level expenses as defined in the Company's revolving credit agreement. EBITDA is not a measure of performance under generally accepted accounting principles ("GAAP") and should not be considered in isolation or as a substitute for net income, cash flows from operating, investing and financing activities and other income or cash flow statement data prepared in accordance with GAAP or as a measure of profitability or liquidity. The Company presents EBITDA because management believes that EBITDA is useful to investors as an indication of the Company's satisfaction of its Debt Service Ratio covenant in its revolving credit agreement and because EBITDA is a measure used under the Company's revolving credit facility to determine whether the Company may incur additional debt under such facility. EBITDA as defined herein may not be comparable to other similarly titled measures of other companies.

The following table reconciles net income to EBITDA, as defined:

Note B—On March 23, 2012, the Company completed the acquisition of Fluid Routing Solutions Holding Corp. (“FRS”), a leading manufacturer of industrial hose products and fuel filler and hydraulic fluid assemblies, in an all cash transaction for approximately $97.5 million. The Company funded the acquisition with cash of $40 million, a $25 million amortizing term loan and $32.5 million of borrowings under the Company's revolving credit agreement. The Company included the results of operations of FRS from the date of acquisition through March 31, 2012 in its Aluminum Products reporting segment.

CONSOLIDATED CONDENSED BALANCE SHEETS

PARK-OHIO HOLDINGS CORP. AND SUBSIDIARIES

BUSINESS SEGMENT INFORMATION (UNAUDITED)

PARK-OHIO HOLDINGS CORP. AND SUBSIDIARIES

(In Thousands)