Hyster-Yale Materials (HY) Reports Q4 Loss of $6.14/sh

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HYSTER-YALE MATERIALS HANDLING ANNOUNCES FOURTH QUARTER AND FULL YEAR 2021 RESULTS

February 28, 2022 4:43 PM EST

CLEVELAND, Feb. 28, 2022 /PRNewswire/ --

Highlights:  

Q4 2021 bookings increased 16.5% over Q4 2020 levels even as global lift truck market growth continued to moderate Q4 2021 revenues increased 15.3% over Q4 2020 due to a 24.2% increase in shipments Despite improved shipments and record backlog levels, Q4 2021 production continued to be severely disrupted by component and logistics availability Q4 2021 consolidated operating loss of $107.0 million and consolidated net loss of $103.3 million due to the following: At the Lift Truck and Bolzoni businesses, material and freight cost inflation and... More