Hyster-Yale Materials (HY) Misses Q2 EPS by 19c, Revenues Miss

Hyster-Yale Materials (NYSE: HY) reported Q2 EPS of $0.34, $0.19 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $765.6 million versus the consensus estimate of $797 million.

Quarter Highlights:

• Q2 2018 consolidated revenues increased 11.7% over Q2 2017, including currency translation
• Q2 2018 consolidated operating profit decreased 38.3%
• Strong Q2 2018 Lift Truck bookings and ending backlog
• HY Maximal contributed $7.2 million in revenues and generated a $0.2 million net loss since acquisition on June 1, 2018
• Bolzoni Q2 2018 revenues increased 25.3% over Q2 2017 and operating profit increased to $3.2 million from $0.5 million
• Nuvera Q2 2018 operating loss decreased to $9.5 million from $10.5 million in Q2 2017

For earnings history and earnings-related data on Hyster-Yale Materials (HY) click here.

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