Hyster-Yale Materials (HY) Misses Q4 EPS by 51c, Revenue Beats

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Go back to Hyster-Yale Materials (HY) Misses Q4 EPS by 51c, Revenue Beats

Hyster-Yale Materials Handling Announces Fourth Quarter And Full Year 2018 Results

February 26, 2019 5:11 PM EST

CLEVELAND, Feb. 26, 2019 /PRNewswire/ --

Quarter Highlights:

Consolidated revenues increased 5.3% over Q4 2017 Bookings increased 18.7% and ending backlog increased 30% over Q4 2017 Consolidated operating loss of $3.4 million includes impact of investments to support strategic growth initiatives, supply chain constraints, tariff-adjusted incentive compensation expense and phase in of the recovery of material cost inflation and tariffs Hyster-Yale Maximal, acquired on June 1, 2018, shipped 1,600 units and contributed $22.7 million to revenues, $3.2 million to gross profit and generated an operating loss of $0.8 million, including $1.0 million of amortization expense, in Q4 2018... More