Hyster-Yale Materials Handling, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 02, 2023 at 04:58 pm EDT
Share
Hyster-Yale Materials Handling, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 999.3 million compared to USD 827.6 million a year ago. Net income was USD 26.6 million compared to net loss of USD 25 million a year ago.
Basic earnings per share from continuing operations was USD 1.56 compared to basic loss per share from continuing operations of USD 1.48 a year ago. Diluted earnings per share from continuing operations was USD 1.55 compared to diluted loss per share from continuing operations of USD 1.48 a year ago.
Hyster-Yale, Inc., formerly Hyster-Yale Materials Handling, Inc., through its wholly owned operating subsidiary, Hyster-Yale Materials Handling, designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, aftermarket parts and technology solutions marketed globally primarily under the Hyster and Yale brand names. The Company's business segments include Lift Trucks, Attachments and Fuel Cells. The Hyster-Yale Maximal brand provides trucks for customers requiring fundamental lift truck performance. The Lift Truck segment is focused on fuel cell-powered battery box replacements and integrated fuel cell engine solutions. Hyster- Yaleâs attachment subsidiary, Bolzoni S.p.A., is a producer of attachments, forks, and lift tables under the Bolzoni, Auramo and Meyer brand names. The Fuel Cell business, Nuvera Fuel Cells, is an alternative-power technology company focused on fuel cell stacks and engines.