---
schema_version: "secwatch.filing_event.v1"
accession: "0001173514-24-000071"
form_type: "8-K"
ticker: "HY"
cik: "0001173514"
company_name: "HYSTER-YALE, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T16:21:44.105898+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001173514-24-000071
- form_type: 8-K
- ticker: HY
- cik: 0001173514
- company_name: HYSTER-YALE, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173514/000117351424000071/0001173514-24-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173514/000117351424000071/hy-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001173514-24-000071
- JSON: https://secwatch.observer/filing/0001173514-24-000071.json
- Plain text: https://secwatch.observer/filing/0001173514-24-000071.txt

## Key facts
- Earnings Releases
  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: $2.93
  - Result: reported results
  source text: are to the three months ended March 31, 2023, unless otherwise noted. Three Months Ended ($ 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1173514/000117351424000071/0001173514-24-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.