Hyster-Yale Q3 net income $35.8M vs loss of $37.3M; revenue up 19% to $1.0B

HYSTER-YALE, INC.

2023-Q3 EPS reported $5.82 revenue$3,091,100,000

Diluted EPS $2.06 vs loss of $2.20 in Q3 2022; operating profit $58.6M vs loss of $24.9M.
Lift Truck operating profit $65.1M (6.8% margin); Americas led with $64.5M improvement.
Bolzoni operating profit $2.9M vs loss of $1.3M; Nuvera loss widened to $9.4M.
Backlog $3.5B; avg sales price per backlog unit up 21% YoY to $41,501.
Net debt reduced to $432.4M from $476.6M; 2024 results expected similar to 2023.

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