Hyster-Yale Materials (HY) Reports Q3 EPS of 75c

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Go back to Hyster-Yale Materials (HY) Reports Q3 EPS of 75c

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

November 1, 2016 5:15 PM EDT

CLEVELAND, Nov. 1, 2016 /PRNewswire/ --

Quarter Highlights:

Lift truck revenues and operating profit decreased as a result of lower shipments and deal-specific price reductions. Nuvera delivered its first Nuvera® Fuel Cell System units.  Development and production start-up costs increased. Bolzoni revenues were $36.2 million. Results include purchase accounting adjustments.

Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced consolidated revenues of $629.3 million and consolidated net income of $12.3 million, or $0.75 per diluted share, for the third quarter of 2016 compared with consolidated revenues of $652.1 million... More