Hyster-Yale Q1 net income $26.6M ($1.55 EPS) vs $25M loss a year ago; revenue up 21%

HYSTER-YALE, INC.

2023-Q3 EPS reported $1.55 revenue$999,300,000

Consolidated revenue $999.3M (+21% YoY); operating profit $42.6M vs $18.3M loss.
Lift Truck operating profit $47.8M (5% margin); Bolzoni profit $4.4M (doubled); Nuvera loss $9.8M.
Backlog units 99,200 (-13% from peak); avg backlog price $37,198 (+34% YoY).
Full-year 2023: substantial net income expected; Q2 Lift Truck profit to dip from Q1 but beat Q4 2022.
Debt $560.6M; cash $64.6M; unused revolver capacity $186M; capex guided ~$66M for 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HYSTER-YALE, INC. reported three months ended March 31, 2023 results: revenue $999.3 million, net income $26.6 million, EPS $1.55.

Period: three months ended March 31, 2023
Revenue: $999.3 million
Net income: $26.6 million
EPS: $1.55
Result: reported results

Exact text from the filing

Immediate Release (440) 449-9589 Tuesday, May 2, 2023 HYSTER-YALE MATERIALS HANDLING ANNOUNCES FIRST QUARTER 2023 RESULTS Q1 2023 Highlights: • Consolidated revenues of nearly $1 billion increased 21% over Q1 2022 due to higher pricing and sales volumes, and an improved sales mix • Consolidated operating profit of $42.6 million and consolidated net income of

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Source: SEC EDGAR

accession 0001173514-23-000048

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