Hyster-Yale Materials (HY) Misses Q1 EPS by 25c

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Go back to Hyster-Yale Materials (HY) Misses Q1 EPS by 25c

Hyster-Yale Materials Handling Announces First Quarter 2021 Results

May 4, 2021 5:00 PM EDT

CLEVELAND, May 4, 2021 /PRNewswire/ --

Quarter Highlights: 

Significant increases in unit shipments in EMEA and JAPIC over Q1 2020 were more than offset by a substantial decrease in unit shipments in the Americas due to significant supply chain constraints resulting from the pace of the economic recovery Q1 2021 consolidated revenues decreased 6.8% from very strong Q1 2020 revenues due to lower shipments in the Americas Q1 2021 consolidated operating profit decreased to $3.1 million from $20.2 million in Q1 2020, driven by lower unit volumes, as well as higher manufacturing variances and material and... More