Hyster-Yale Materials (HY) Tops Q2 EPS by $1.53, Beats on Revenue
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HYSTER-YALE MATERIALS HANDLING ANNOUNCES SECOND QUARTER 2023 RESULTS
August 1, 2023 4:58 PM EDTQ2 2023 Highlights:Â
Consolidated revenues of $1.1 billion increased 22% over Q2 2022 due to higher sales volumes and pricing Consolidated operating profit of $58.8 million compared with a loss in Q2 2022 Lift Truck operating profit and margin of $62.5 million and 6.0% were significantly ahead of expectations due to higher pricing and improved sales mixAverage sales price per backlog unit increased 23% over Q2 2022 and 5% over Q1 2023Bolzoni operating profit of $5.4 million increased 59% over Q2... More