Hyster-Yale Materials (HY) Misses Q1 EPS by 2c

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Go back to Hyster-Yale Materials (HY) Misses Q1 EPS by 2c

Hyster-Yale Materials Handling, Inc. Announces First Quarter 2016 Results

April 27, 2016 5:12 PM EDT

CLEVELAND, April 27, 2016 /PRNewswire/ --

Quarter Highlights:

Q1 2016 shipments increase 3%. Revenues decrease 2.9% Strong U.S. dollar and weak Brazil market performance continue to negatively affect revenues and results Acquisition of Penta Holding S.p.A., the majority stakeholder in Bolzoni S.p.A., completed on April 1, 2016

Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced consolidated revenues of $604.2 million and net income of $10.0 million, or $0.61 per diluted share, for the first quarter of 2016 compared with revenues of $622.3 million and net income of... More