HYSTER-YALE MATERIALS HANDLING ANNOUNCES SECOND QUARTER 2022 RESULTS
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Hyster-Yale Materials (HY) Tops Q2 EPS by 71c
August 2, 2022 4:56 PM EDTHyster-Yale Materials (NYSE: HY) reported Q2 EPS of ($1.15), $0.71 better than the analyst estimate of ($1.86). Revenue for the quarter came in at $895.4 million versus the consensus estimate of $831.72 million.
Consolidated Outlook:
Given the continued component shortages due to supply chain constraints and the consequent reduction in production plans, significant material and freight cost inflation, and, more recently, the impact of the COVID-19 lockdowns in China and the Russia/Ukraine conflict, as well as continued losses at Nuvera, the Company, on a consolidated basis, expects a larger net loss in... More
