secwatch.observer — SEC 8-K summary
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Issuer:     HYSTER-YALE, INC. (HY)
CIK:        0001173514
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001173514-24-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351424000071/0001173514-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351424000071/hy-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001173514-24-000071

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer