Form 8-K HYSTER-YALE MATERIALS For: Feb 11
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Hyster-Yale Materials (HY) Tops Q4 EPS by 5c
February 19, 2015 5:15 PM ESTHyster-Yale Materials (NYSE: HY) reported Q4 EPS of $1.61, $0.05 better than the analyst estimate of $1.56. Revenue for the quarter came in at $710.7 million versus the consensus estimate of $735.9 million.
Nuvera Outlook
The Company believes the fuel cell market for lift trucks has significant growth opportunities but further work is needed to commercialize the Nuvera technology. As a result, the Company expects a net loss of approximately $13 to $15 million at its Nuvera business in 2015 as Nuvera focuses on commercializing its fuel cell research and technology and integrating this technology into the Company's lift truck product... More
