secwatch.observer — SEC 8-K summary
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Issuer:     HYSTER-YALE, INC. (HY)
CIK:        0001173514
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001173514-23-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351423000048/0001173514-23-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351423000048/hy-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001173514-23-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer