Hyster-Yale Materials (HY) Misses Q3 EPS by $1.38, Revenue Beats

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Go back to Hyster-Yale Materials (HY) Misses Q3 EPS by $1.38, Revenue Beats

HYSTER-YALE MATERIALS HANDLING ANNOUNCES THIRD QUARTER 2022 RESULTS

November 1, 2022 4:45 PM EDT

Highlights: 

Q3 2022 consolidated revenues of $840.1 million increased 12.3% over Q3 2021 primarily due to increased lift truck prices and parts volumes across all geographic segmentsQ3 2022 consolidated operating loss of $24.9 million improved by nearly $30 million versus Q3 2021, which included $24.8 million of non-cash charges at NuveraQ3 2022 Lift Truck consolidated operating results improved versus prior year and were ahead of Company expectations, despite $10.8 million of unfavorable currency effects Q3 2022 net debt reduction of $28.6 million compared with Q2 2022 The Lift Truck business expects a return to profitability... More