Hyster-Yale Materials (HY) Misses Q2 EPS by 29c
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Hyster-Yale Materials Handling Announces Second Quarter 2021 Results
August 3, 2021 5:07 PM EDTCLEVELAND, Aug. 3, 2021 /PRNewswire/ --
Quarter Highlights:Â
Record Q2 2021 bookings of 46,900 units up 10.6% from Q1 2021 (prior record) bookings and significantly higher than pandemic-affected bookings of 14,300 units in Q2 2020 Q2 2021 consolidated shipments increased 12.9% and revenues increased 17.0% from abnormally low Q2 2020 unit shipment and revenue levels that resulted from prior-year, pandemic-related plant shutdowns, primarily in EMEA Despite record booking and backlog levels, Q2 2021 shipments severely affected by component availability Q2 2021 consolidated operating profit decreased to $5.9 million from $8.7 million in Q2 2020 as a result of material and freight cost inflation... More