Hyster-Yale Q3 revenues $840.1M (+12.3% YoY); operating loss narrows; expects Lift Truck profitability in Q4

HYSTER-YALE, INC.

2022-Q3 EPS reported -$4.84 revenue$2,563,100,000

Q3 net loss $37.3M ($2.20/share) vs $77.2M ($4.59) prior year; operating loss improved to $24.9M from $54.3M.
Lift Truck revenues $796.2M (+13.1% YoY); unit shipments up 5.6%; operating loss narrowed to $15.2M from $21.3M.
Net debt reduced $28.6M sequentially; cash $68.6M, debt $545.0M; unused revolver capacity ~$191M.
Company expects Lift Truck to return to profitability in Q4 2022 and generate substantial operating profit in 2023.
Bolzoni revenues down ($82.2M vs $90.0M); Nuvera operating loss $9.0M improved from $32.5M (including $24.8M non-cash charges).

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HYSTER-YALE, INC. reported three months ended September 30, 2022 results: revenue $840.1, net income $(37.3), EPS $(2.20).

Period: three months ended September 30, 2022
Revenue: $840.1
Net income: $(37.3)
EPS: $(2.20)
Result: reported results

Exact text from the filing

Three Months Ended ($ in millions except per share amounts) 9/30/22 9/30/21 Chg. '22 vs '21 Fav (Unfav) Revenues $840.1 $748.2 $91.9 Operating Loss $(24.9) $(54.3) $29.4 Net Loss $(37.3) $(77.2) $39.9 Earnings (Loss) per share $(2.20) $(4.59) $2.39

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Source: SEC EDGAR

accession 0001173514-22-000077

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