earnings
confidence high
sentiment negative
materiality 0.75
Hyster-Yale 2024 revenue $4.3B (+5%); 2025 outlook: significant profit decline, cash flows comparable
HYSTER-YALE, INC.
2024-FY EPS reported
$8.04
revenue$4,308,200,000
- FY2024 revenue $4.31B (+5% YoY); GAAP net income $142.3M ($8.04 EPS); adjusted net income $159M ($8.98 EPS).
- Q4 2024 revenue $1.07B (+4% YoY); adj. operating profit $53.7M (+10% YoY); GAAP net income $10.3M ($0.58 EPS).
- Charges of $21.4M in Q4 for manufacturing footprint optimization; expects additional $8M-$16M annual costs through 2026.
- 2025 outlook: significant revenue and profit decline from 2024's peak; cash flows expected comparable; market trough expected H1 2025.
- Inventory down $61M YoY and $100M sequential; net debt $344M, down 12% from Q3; repurchased ~$5M stock in Q4.