Exhibit 99.1

FOR IMMEDIATE RELEASE	CONTACT:	EDWARD F. CRAWFORD
		PARK-OHIO HOLDINGS CORP.
		(216) 692-7200

Park-Ohio Reports Continued Growth in Sales and Profit
in Second Quarter 2005

     CLEVELAND, OHIO, July 27, 2005 — Park-Ohio Holdings Corp. (NASDAQ:PKOH), today announced results for its second quarter ended June 30, 2005.

SIX MONTHS RESULTS

     Park-Ohio reported net income of $13.7 million or $1.21 per share dilutive for the first six months of 2005, a 10% increase on net income of $12.5 million or $1.12 per share dilutive in the same period of 2004. Park-Ohio reported net sales of $457.7 million for the first six months of 2005, a 16% increase on net sales of $393.3 million in the same period of 2004.

SECOND QUARTER RESULTS

     Park-Ohio reported net income of $7.5 million or $.66 per share dilutive for the second quarter of 2005, a 12% increase on net income of $6.7 million or $.60 per share dilutive in the same period of 2004. Park-Ohio reported net sales of $228.8 million for second quarter 2005, a 14% increase on net sales of $200.9 million in the same quarter of 2004.

      Edward F. Crawford, Chairman and Chief Executive Officer, stated, “We continue to generate solid revenue growth due to robust activity in most of our end markets. Margins increased in the second quarter as a result of our pricing and cost reduction initiatives. These improved business trends give us confidence that we will perform toward the high end of our previously announced EPS guidance range of $2.00 to $2.30 per share dilutive for the year 2005.”

     A conference call reviewing Park-Ohio’s second quarter results will be broadcast live over the Internet on Thursday, July 28, commencing at 1:30 pm Eastern Time. Simply log on to http://www.pkoh.com.

     Park-Ohio is a leading provider of supply chain logistics services, and a manufacturer of highly engineered products. Headquartered in Cleveland, Ohio, the Company operates 24 manufacturing sites and 32 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, 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.

CONSOLIDATED CONDENSED STATEMENTS OF INCOME (UNAUDITED)
PARK-OHIO HOLDINGS CORP. AND SUBSIDIARIES
(In Thousands, Except per Share Data)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2005		2004		2005		2004
Net sales	$	228,795	$	200,908	$	457,678	$	393,278
Cost of products sold		193,429		167,256		387,216		329,388
Gross profit		35,366		33,652		70,462		63,890
Selling, general and administrative expenses		20,428		19,755		42,079		37,452
Operating income		14,938		13,897		28,383		26,438
Interest expense		6,715		6,196		13,174		12,332
Income before income taxes		8,223		7,701		15,209		14,106
Income taxes		710		1,035		1,509		1,626
Net income	$	7,513	$	6,666	$	13,700	$	12,480
Amounts per common share:
Basic	$	0.69	$	0.63	$	1.26	$	1.18
Diluted	$	0.66	$	0.60	$	1.21	$	1.12
Common shares used in the computation
Basic		10,886		10,603		10,880		10,584
Diluted		11,348		11,164		11,363		11,129
Other financial data:
EBITDA, as defined	$	19,531	$	17,884	$	37,515	$	34,426

Note A—The effective income tax rate for the first six months of 2005 is less than the statutory Federal income tax rate due primarily to the recognition of net operating loss carryforwards.

Note B—EBITDA, as defined, reflects earnings before interest, 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:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2005		2004		2005		2004
Net income	$	7,513	$	6,666	$	13,700	$	12,480
Add back:
Income taxes		710		1,035		1,509		1,626
Interest expense		6,715		6,196		13,174		12,332
Depreciation and amortization		4,429		3,937		8,876		7,904
Miscellaneous		164		50		256		84
EBITDA, as defined	$	19,531	$	17,884	$	37,515	$	34,426

CONSOLIDATED CONDENSED BALANCE SHEETS
PARK-OHIO HOLDINGS CORP. AND SUBSIDIARIES

	June 30		December 31
	2005		2004
	(Unaudited)		(Audited)
	(In Thousands)
ASSETS
Current Assets
Cash and cash equivalents	$	1,483	$	7,157
Accounts receivable, net		154,656		145,475
Inventories		190,722		177,294
Other current assets		14,240		14,593
Total Current Assets		361,101		344,519
Property, Plant and Equipment		235,606		229,494
Less accumulated depreciation		125,191		118,821
Total Property Plant and Equipment		110,415		110,673
Other Assets
Goodwill		82,442		82,565
Net assets held for sale		1,799		3,027
Other		69,424		69,238
Total Other Assets		153,665		154,830
Total Assets	$	625,181	$	610,022
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Trade accounts payable	$	90,405	$	108,868
Accrued expenses		64,331		60,003
Current portion of long-term liabilities		7,540		5,812
Total Current Liabilities		162,276		174,683
Long-Term Liabilities, less current portion
8.375% Senior Subordinated Notes due 2014		210,000		210,000
Revolving credit maturing on December 31, 2010		135,600		120,600
Other long-term debt		5,524		4,776
Other postretirement benefits and other long-term liabilities		26,098		27,570
Total Long-Term Liabilities		377,222		362,946
Shareholders’ Equity		85,683		72,393
Total Liabilities and Shareholders’ Equity	$	625,181	$	610,022

BUSINESS SEGMENT INFORMATION (UNAUDITED)
PARK-OHIO HOLDINGS CORP. AND SUBSIDIARIES
(In Thousands)

	Three Months Ended June 30						Six Months Ended June 30
	2005			2004			2005			2004
NET SALES
ILS	$	129,515		$	114,849		$	256,402		$	231,114
Aluminum Products		43,094			28,269			85,984			55,850
Manufactured Products		56,186			57,790			115,292			106,314
	$	228,795		$	200,908		$	457,678		$	393,278
INCOME BEFORE INCOME TAXES
ILS	$	8,271		$	8,269		$	16,475		$	17,478
Aluminum Products		3,481			2,744			5,904			4,331
Manufactured Products		5,949			5,229			11,762			8,521
		17,701			16,242			34,141			30,330
Corporate and Other Costs		(2,763	)		(2,345	)		(5,758	)		(3,892	)
Interest Expense		(6,715	)		(6,196	)		(13,174	)		(12,332	)
	$	8,223		$	7,701		$	15,209		$	14,106