Top-News
Dienstag,
07.05.2024 16:42
von
PR Newswire
| Aufrufe: 4
HYSTER-YALE MATERIALS HANDLING ANNOUNCES FIRST QUARTER 2024 RESULTS
Tageszeitungen (Symbolbild).
pixabay.com
PR Newswire
CLEVELAND, May 7, 2024
Q1 2024 Highlights:
- Consolidated operating profit of $83.8 million, up 97% from Q1 2023, and above previous expectations
- Consolidated operating profit margin of 7.9%, up from 4.3% in Q1 2023
- Consolidated revenues of $1.1 billion, up 6% from Q1 2023 quarter and the fourth consecutive quarter with revenues over $1 billion
- Net income of $51.5 million, up 94%, from Q1 2023
CLEVELAND, May 7, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) reported the following consolidated results for the three months ended March 31, 2024. All comparisons are to the three months ended March 31, 2023, unless otherwise noted.
| | Three Months Ended | ||||
| ($ in millions except per share amounts) | 3/31/24 | | 3/31/23 | | Change |
| Revenues | $1,056.5 | | $999.3 | | $57.2 |
| Operating Profit | $83.8 | | $42.6 | | $41.2 |
| Net Income | $51.5 | | $26.6 | | $24.9 |
| Diluted Earnings per Share | $2.93 | | $1.55 | | $1.38 |
Lift Truck Business Results
Revenues and shipments by geographic segment were as follows:
| ($ in millions) | Q1 2024 | | Q1 2023 | | Change | % |
| Revenues | $1,006.8 | | $948.7 | | $58.1 | 6 % |
| Americas(1) | $769.7 | | $685.9 | | $83.8 | 12 % |
| EMEA(1) | $199.4 | | $214.9 | | $(15.5) | (7) % |
| JAPIC(1) | $37.7 | | $47.9 | | $(10.2) | (21) % |
| |
| (1) The Americas segment includes the North America, Latin America and Brazil markets, EMEA includes operations in the Europe, Middle East and Africa markets, and JAPIC includes operations in the Asia and Pacific markets, including China. |
| |
| |
| (Rounded to nearest hundred) | Q1 2024 | | Q1 2023 | | Change | | Q4 2023 | | Change |
| Unit Shipments | 23,200 | | 25,200 | | (2,000) | | 23,600 | | (400) |
| Americas | 15,600 | | 16,100 | | (500) | | 15,600 | | — |
| EMEA | 5,400 | | 6,800 | | (1,400) | | 5,400 | | — |
| JAPIC | 2,200 | | 2,300 | | (100) | | 2,600 | | (400) |
Lift Truck revenues grew 6% due to higher average lift truck sales prices and a favorable sales mix. These increases were partly offset by lower unit and parts volumes.
- Average lift truck sales prices increased 17% year-over-year and 3% sequentially, primarily due to previously implemented price increases.
- Sales mix improved over the prior year mainly as a result of increased Americas sales of Class 4 and higher-priced/higher-capacity, 4- to 52-ton, Class 5 internal combustion engine trucks.
- Shipment volumes declined 8% compared to Q1 2023, driven by a 21% decline in EMEA as a result of lower production rates. Americas shipments decreased particularly due to lower shipments in Brazil.
Gross profit and operating profit (loss) by geographic segment were as follows:
| ($ in millions) | Q1 2024 | | Q1 2023 | | Change | |
| Gross Profit | $215.6 | | $155.6 | | $60.0 | |
| Americas | $178.1 | | $121.2 | | $56.9 | |
| EMEA | $33.9 | | $26.9 | | $7.0 Werbung Mehr Nachrichten zur Hyster-Yale Materials Handling Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News
02.06.24 - wallstreet:online ...
 |
