secwatch.observer — SEC 8-K summary
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Issuer:     HYSTER-YALE, INC. (HY)
CIK:        0001173514
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001173514-22-000077
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351422000077/0001173514-22-000077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351422000077/hy-20221101.htm
  HTML page:      https://secwatch.observer/filing/0001173514-22-000077

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