Hyster-Yale Q1 operating profit $83.8M (+97% YoY); raises FY2024 guidance above prior expectations

HYSTER-YALE, INC.

2024-Q1 EPS reported $2.93 revenue$1,056,500,000

Consolidated revenue $1.06B (+6% YoY); EPS $2.93 vs $1.55; net income $51.5M (+94%).
Lift truck operating profit up 87% to $89.3M; average sales prices +17% YoY.
Backlog $3.06B (9 months of revenue); unit bookings 18,400 (-18% YoY) but +10% sequentially.
Raised FY2024 outlook: revenue, op profit, net income expected above prior expectations and up vs 2023.
Nuvera awarded $30M DOE matching funds for fuel cell stack scale-up; name change to Hyster-Yale, Inc. effective May 31.

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 the three month period ended March 31, 2024 results: revenue $1,056.5, net income $51.5, EPS $2.93.

Period: the three month period ended March 31, 2024
Revenue: $1,056.5
Net income: $51.5
EPS: $2.93
Result: reported results

Exact text from the filing

are to the three months ended March 31, 2023, unless otherwise noted. Three Months Ended ($ in millions except per share amounts) 3/31/24 3/31/23 Change Fav (Unfav) Revenues $1,056.5 $999.3 $57.2 Operating Profit $83.8 $42.6 $41.2 Net Income $51.5 $26.6 $24.9 Diluted Earnings per Share $2.93 $1.55 $1.38 Lift Truck Business Results Revenues and shipments by

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Source: SEC EDGAR

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