secwatch.observer — SEC 8-K summary
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Issuer:     HYSTER-YALE, INC. (HY)
CIK:        0001173514
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001173514-24-000143
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hyster-Yale Q3 net income $17.2M, down 52% YoY; expects 2025 profit to decline significantly
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- Revenue $1,016.1M up 2% YoY; operating profit $33.1M down 44%; net income $17.2M down 52% from $35.8M; diluted EPS $0.97 vs $2.06.
- Lift Truck op profit $39.0M down 40%; Americas $52.7M down 19%; EMEA loss $9.6M vs profit $2.4M; JAPIC loss $4.1M.
- Bolzoni revenue $97.6M up 5%; op profit $6.2M up 114%; Nuvera revenue $0.3M down 80%; op loss $11.8M vs $9.4M.
- Net debt $392.9M, down 10% from Q2; debt-to-capital 46% improved 500 bps; generated $70M cash from operations.
- Outlook: Q4 revenues and net income roughly comparable YoY; expects 2025 revenue may be lower, op profit and net income to decline significantly vs 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1173514/000117351424000143/0001173514-24-000143-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1173514/000117351424000143/hy-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001173514-24-000143

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