Hyster-Yale Q4 net income $25.2M ($1.43 EPS); FY net income $125.9M vs loss; 2024 outlook comparable

HYSTER-YALE, INC.

2023-FY EPS reported $7.24 revenue$4,118,300,000

Q4 consolidated operating profit $48.7M (+146% YoY); net income $25.2M vs $7.6M; revenue $1.027B (+4%).
Lift Truck operating profit $54.2M (5.5% margin), up from $27.2M; improved product margins and favorable price-to-cost.
Full-year 2023 net income $125.9M vs loss of $74.1M; diluted EPS $7.24 vs ($4.38).
2024 outlook: net income comparable to 2023; operating profit expected to increase; capex $87M vs $35.4M in 2023.
Net debt reduced to $415.2M from $432.4M Q/Q; cash from ops $46M in Q4, $151M FY.

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 financial results for the three months and year ended December 31, 2023.

Period: the three months and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 27, 2024, Hyster-Yale Materials Handling, Inc. (the “Company”) issued a press release announcing the unaudited quarter ended and audited year ended financial results for the periods ended December 31, 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 0001173514-24-000015

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