Hyster-Yale Materials (HY) Tops Q3 EPS by 33c
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Hyster-Yale Materials Handling Announces Third Quarter 2018 Results
October 30, 2018 5:09 PM EDTCLEVELAND, Oct. 30, 2018 /PRNewswire/ --Â
Quarter Highlights:
Consolidated revenues increased 13.3% over Q3 2017 Maximal, acquired on June 1, 2018, contributed $19.0 million to revenues and 1,400 units to new unit shipments Strong Lift Truck ending backlog Consolidated operating profit decreased to $12.2 million from $18.1 million in Q3 2017 Q3 2018 Lift Truck operating profit includes $6.0 million of Maximal purchase accounting adjustments and post-acquisition expenses associated with the acquisition agreementHyster-Yale Materials Handling, Inc. (NYSE: HY) today announced consolidated net income of $15.4 million, or $0.93 per diluted share,... More
