Hyster-Yale Materials (HY) Misses Q3 EPS by 4c, Revenues Miss

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Go back to Hyster-Yale Materials (HY) Misses Q3 EPS by 4c, Revenues Miss

Hyster-Yale Materials Handling Announces Third Quarter 2019 Results

October 29, 2019 5:06 PM EDT

CLEVELAND, Oct. 29, 2019 /PRNewswire/ --

Quarter Highlights:

Q3 2019 consolidated operating profit increased to $19.5 million from $12.2 million in Q3 2018 driven by a 44% increase in Lift Truck operating profit primarily from tariff recoveries in the Americas and improved JAPIC results Q3 2019 revenue decreased 2.3% from Q3 2018 due to lower shipments primarily caused by supplier issues Q3 2019 tax expense vs. Q3 2018 substantial tax benefit from U.S. tax reform resulted in decline in net income, and decrease in earnings per share to $0.76/ share from $0.93/ share in Q3 2018

Hyster-Yale Materials Handling,... More