Hyster-Yale Materials Handling, Inc. Provides Consolidated Earnings Guidance for the Fourth Quarter of 2022
November 01, 2022 at 04:45 pm EDT
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Hyster-Yale Materials Handling, Inc. provided consolidated earnings guidance for the fourth quarter of 2022. On a consolidated basis, the company continues to project a modest operating profit in the fourth quarter of 2022. However, the company expects a modest net loss in the fourth quarter due to tax expense on profits in areas where a valuation allowance is not currently provided.
Hyster-Yale Materials Handling, Inc. is a globally integrated company offering a full line of application-tailored lift trucks and solutions. Its solutions include attachments and hydrogen fuel cell power products, telematics, automation, and fleet management services, as well as a variety of other power options for its lift truck. Its segments include the Americas; Europe, the Middle East and Africa (EMEA), and Japan, Asia, Pacific, India, and China (JAPIC). Through, Hyster-Yale Group, Inc., it designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments and aftermarket parts marketed globally, primarily under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships. It also designs and produces specialized products in the port equipment and rough terrain forklift markets. It distributes lift trucks and attachments primarily through two channels: independent dealers and a direct sales program.
HYSTER-YALE MATERIALS HANDLING, INC. 
