Hyster-Yale Materials Handling, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 04:49 pm EDT
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Hyster-Yale Materials Handling, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,001.2 million compared to USD 840.1 million a year ago. Net income was USD 35.8 million compared to net loss of USD 37.3 million a year ago. Basic earnings per share from continuing operations was USD 2.08 compared to basic loss per share from continuing operations of USD 2.2 a year ago. Diluted earnings per share from continuing operations was USD 2.06 compared to diluted loss per share from continuing operations of USD 2.2 a year ago.
For the nine months, sales was USD 3,091.1 million compared to USD 2,563.1 million a year ago. Net income was USD 100.7 million compared to net loss of USD 81.7 million a year ago. Basic earnings per share from continuing operations was USD 5.88 compared to basic loss per share from continuing operations of USD 4.84 a year ago. Diluted earnings per share from continuing operations was USD 5.82 compared to diluted loss per share from continuing operations of USD 4.84 a year ago.
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. 
