Hyster-Yale Materials (HY) Misses Q4 EPS by 78c, Revenues Miss

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Go back to Hyster-Yale Materials (HY) Misses Q4 EPS by 78c, Revenues Miss

Hyster-Yale Materials Handling Announces Fourth Quarter And Full Year 2019 Results

February 25, 2020 5:07 PM EST

CLEVELAND, Feb. 25, 2020 /PRNewswire/ --

Quarter Highlights:

Consolidated revenues decreased modestly from Q4 2018 due to lower shipments caused by a moderating EMEA market, structural changes at the JAPIC operations and supplier issues Consolidated gross profit increased 15.8% over Q4 2018, driven by a 19.6% increase in Lift Truck gross profit Lift Truck gross profit margin increased to 16.3% from 13.7% in Q4 2018, with increases in all geographic segments due to cost recovery and pricing actions Consolidated operating profit increased to $8.1 million from a loss of $3.4 million in Q4 2018, but was... More