Hyster-Yale Materials (HY) Tops Q4 EPS by 2c

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Go back to Hyster-Yale Materials (HY) Tops Q4 EPS by 2c

Hyster-Yale Materials Handling, Inc. Announces Fourth Quarter and Full Year 2015 Results

February 17, 2016 5:17 PM EST

CLEVELAND, Feb. 17, 2016 /PRNewswire/ --

Quarter Highlights:

Slowdown in several key markets in fourth quarter of 2015 Strong U.S. dollar continues to negatively affect revenues and results Fourth quarter 2015 Nuvera operating loss of $6.1 million and net loss of $3.5 million, consistent with expectations Full year 2015 lift truck operating profit margin increased to 5.0% on 7% revenue decline Definitive agreement entered into on February 14, 2016 to acquire Penta Holding S.p.A., a majority stakeholder of Bolzoni S.p.A.

Hyster-Yale Materials Handling, Inc. (NYSE:... More