---
schema_version: "secwatch.filing_event.v1"
accession: "0001173514-23-000048"
form_type: "8-K"
ticker: "HY"
cik: "0001173514"
company_name: "HYSTER-YALE, INC."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T02:45:53.597519+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001173514-23-000048
- form_type: 8-K
- ticker: HY
- cik: 0001173514
- company_name: HYSTER-YALE, INC.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000048/0001173514-23-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000048/hy-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001173514-23-000048
- JSON: https://secwatch.observer/filing/0001173514-23-000048.json
- Plain text: https://secwatch.observer/filing/0001173514-23-000048.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173514/000117351423000048/0001173514-23-000048-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.