Hyster-Yale Q2 2023: Revenue up 22% to $1.09B; EPS $2.21 vs loss of $1.15 YoY

HYSTER-YALE, INC.

2023-Q2 EPS reported $3.76 revenue$2,089,900,000

Consolidated revenues $1,090.6M, +22% YoY; operating profit $58.8M vs loss of $15.7M.
Diluted EPS $2.21 compared to loss per share of $1.15 in Q2 2022.
Lift Truck segment operating profit $62.5M (6.0% margin), significantly ahead of expectations.
Bolzoni operating profit up 59% to $5.4M; Nuvera operating loss widened to $9.2M.
Backlog of 92,800 units valued at $3.6B; company expects substantial H2 net income margin expansion.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HYSTER-YALE, INC. reported financial results for three and six months ended June 30, 2023.

Period: three and six months ended June 30, 2023
Result: reported results

Exact text from the filing

On August 1, 2023, Hyster-Yale Materials Handling, Inc. (the “Company”) issued a press release announcing the unaudited financial results for the three and six months ended June 30, 2023, a copy of which is attached as Exhibit 99 to this Current Report on Form 8-K.

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HYSTER-YALE, INC. filing history →

Source: SEC EDGAR

accession 0001173514-23-000081

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