Hyster-Yale Materials (HY) Misses Q4 EPS by 57c

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Go back to Hyster-Yale Materials (HY) Misses Q4 EPS by 57c

HYSTER-YALE MATERIALS HANDLING ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS

February 27, 2024 4:52 PM EST

Q4 and Full-Year 2023 Highlights: 

Q4 consolidated operating profit of $48.7 million up 146% from Q4 2022, despite $9.6 million of equity incentive compensation expense specifically due to appreciation in the Company's stock price during Q4 2023Q4 consolidated revenue growth of $42 million, or 4%, compared with Q4 2022 Q4 Lift Truck operating profit of $54.2 million and margin of 5.5% increased significantly over Q4 2022 due to improved product margins Average sales price per backlog unit up 16% over Q4 2022 and 2% over Q3 2023Q4 consolidated net income of... More