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

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

Hyster-Yale Materials Handling Announces Second Quarter 2018 Results

July 31, 2018 5:08 PM EDT

CLEVELAND, July 31, 2018 /PRNewswire/ --

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

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