Hyster-Yale Materials (HY) Reports Q3 Loss Per Share of $4.59

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Go back to Hyster-Yale Materials (HY) Reports Q3 Loss Per Share of $4.59

Hyster-Yale Materials Handling Announces Third Quarter 2021 Results

November 2, 2021 4:55 PM EDT

CLEVELAND, Nov. 2, 2021 /PRNewswire/ --

Quarter Highlights: 

Q3 2021 bookings increased 63.4% over Q3 2020 levels, but were down 20.9% from Q2 2021 record levels as the global lift truck market moderated Q3 2021 revenues increased 14.7% over Q3 2020 due to a 12.6% increase in shipments Despite improved shipments and record backlog levels, Q3 2021 production and shipments continue to be severely disrupted by component availability Q3 2021 consolidated operating loss of $54.3 million due to the following: At the Lift Truck and Bolzoni businesses, material and freight cost inflation and... More