Hyster-Yale returns to Q4 profit; expects substantial 2023 net income

HYSTER-YALE, INC.

2022-FY EPS reported -$4.38 revenue$3,548,300,000

Q4 revenue $985.2M (+18.7% YoY); net income $7.6M vs loss $103.3M; diluted EPS $0.44 vs ($6.14).
Lift Truck operating profit $27.2M vs loss $93.2M; Bolzoni returned to profit with $2.0M operating profit.
Backlog avg price/unit $36,533 (+33.6% YoY); unit backlog 102,100; bookings 21,000 units.
2023 outlook: substantial net income; capex ~$65M; significant cash flow improvement expected.
Global lift truck market expected to decline in 2023 except JAPIC; supply chain constraints moderating.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HYSTER-YALE, INC. reported financial results for the three months and year ended December 31, 2022.

Period: the three months and year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 27, 2023, Hyster-Yale Materials Handling, Inc. (the “Company”) issued a press release announcing the unaudited quarter ended and audited year ended financial results for the periods ended December 31, 2022

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Source: SEC EDGAR

accession 0001173514-23-000013

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