Hyster-Yale Materials Handling ( (HY) ) has released its Q4 earnings. Here is a breakdown of the information Hyster-Yale Materials Handling presented to its investors.
Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, is a global company specializing in the design, engineering, manufacturing, and servicing of lift trucks and related solutions, including attachments and hydrogen fuel cell power products, primarily under the Hyster and Yale brand names.
In its latest earnings report, Hyster-Yale announced a 5% increase in full-year revenues for 2024, reaching $4.3 billion, with a notable growth in the Americas Lift Truck segment. The company’s adjusted operating profit saw a significant rise of 28% compared to the previous year, driven by improved unit margins and strategic operational optimizations.
Key financial highlights include a full-year operating profit of $245 million and an adjusted operating profit of $267 million. The company generated $171 million in cash from operations and repurchased $5 million of its Class A common stock in the fourth quarter. Despite a decline in EMEA revenues, the Americas segment showed strong performance with an 11% revenue growth year-over-year.
Looking ahead, Hyster-Yale’s management remains focused on strategic initiatives aimed at enhancing operational efficiency and profitability. The company anticipates a slight improvement in the global lift truck market in 2025, particularly in EMEA and JAPIC regions, and plans to continue its investment in product development and customer-facing technologies to support long-term growth.
Overall, Hyster-Yale is poised to leverage its strategic actions and operational improvements to navigate the anticipated market conditions in 2025, with a focus on maintaining strong cash flow and capital allocation strategies to support its growth objectives.
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