secwatch.observer — SEC 8-K summary
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Issuer:     HYSTER-YALE, INC. (HY)
CIK:        0001173514
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001173514-24-000123
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyster-Yale Q2 revenue up 7%, EPS $3.58, operating profit +63%; full-year outlook raised
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- Q2 revenue $1,168.1M (+7% YoY); operating profit $95.6M (+63%); net income $63.3M (+65%); diluted EPS $3.58.
- Lift Truck operating profit margin 9.2% (up 320 bps) on higher unit margins and favorable product mix.
- Dollar-value lift truck factory bookings fell 44% YoY to $380M; backlog $2.56B (-29% YoY).
- Full-year 2024 outlook improved due to strong Q2; expects H2 revenue growth but operating profit to moderate slightly.
- Debt-to-capital ratio improved to 51% from 53% at March 31, 2024; inventory down 4% YoY; $217M unused borrowing capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351424000123/0001173514-24-000123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351424000123/hy-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001173514-24-000123

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