Hyster-Yale Materials (HY) Tops Q2 EPS by 26c
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Hyster-Yale Materials Handling Announces Second Quarter 2020 Results
August 4, 2020 5:00 PM EDTCLEVELAND, Aug. 4, 2020 /PRNewswire/ --Â
Quarter Highlights:Â
Q2 2020 market levels down significantly from prior periods in Company's primary markets Q2 2020 consolidated revenues decreased 23.6% from Q2 2019 due to the impact of the global COVID-19 shutdowns, lower bookings and resulting lower shipments Q2 2020 consolidated operating profit decreased to $8.7 million from $22.9 million in Q2 2019 Q2 2020 operating expense decreased 18.5% from both Q1 2020 and Q2 2019, primarily due to cost containment actions taken to mitigate the impact of the COVID-19 pandemic Q2 2020 net income of $3.6 million, or $0.21 per share,... More