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:  0001173514-24-000073
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyster-Yale posts Q1 2024 revenue of $1.06B, net income of $51.5M; operating margin improves to 7.9%
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- Q1 2024 revenue $1,056.5M, up 5.7% YoY; gross profit $235.7M (22.3% margin vs. 17.5% in Q1 2023).
- Operating profit $83.8M (7.9% margin) vs. $42.6M (4.3% margin) in prior-year quarter.
- Net income attributable to stockholders $51.5M, nearly double Q1 2023's $26.6M.
- Lift Truck Business operating profit $89.3M (8.9% margin); Nuvera posted an operating loss of $9.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351424000073/0001173514-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351424000073/hy-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001173514-24-000073

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