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Hyster-Yale Materials Handling (HY)
:HY
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.35Last Year’s EPS
2.93Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: -13.52%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a strong financial performance for 2024 with significant growth and strategic initiatives in place. However, challenges are anticipated in 2025 with expected revenue declines, higher tax rates, and market uncertainties. Despite these, the company is positioned with innovative product launches and financial improvements.Company Guidance
During the Hyster-Yale Materials Handling, Inc. fourth quarter and full year 2024 earnings call, the company provided guidance with several key metrics and strategic initiatives. In 2024, the company achieved $4.3 billion in revenue, a 5% increase over the previous year, and an adjusted operating profit of $267 million, representing a 6% margin, the highest in company history. For 2025, the company anticipates a significant decline in both revenues and profits due to lower lift truck production levels and increased market competition. Expected benefits from footprint optimization programs, which incurred a $21 million cost in 2024, are set to begin in late 2025 with projected annual savings of $30 to $40 million by 2027. The company also plans to invest between $40 and $80 million in capital expenditures in 2025, contingent on market conditions. The effective tax rate is projected to be elevated due to ongoing R&D cost capitalization, although tax expense should be lower than in 2024. Despite the anticipated downturn, Hyster-Yale is focused on long-term growth strategies, including modular product expansion, electrification, and automation, to enhance profitability and market competitiveness.Strong Year-End Performance
2024 revenues were $4.3 billion, a 5% improvement over the prior year, with adjusted operating profit of $267 million, marking the strongest full-year performance in the company's history.
Successful Footprint Optimization
Execution of footprint optimization programs incurred a $21 million cost, expected to save $30 to $40 million annually starting in 2027.
Lift Truck Business Growth
Lift truck business revenues grew by 5% with adjusted operating profits improving by 28%, driven by a mix of higher-value products.
Innovative Product Launches
Launch of modular scalable trucks and new automation technologies, expected to enhance efficiency and expand market share.
Improved Financial Position
Year-end cash position improved with a significant reduction in debt and increased unused borrowing capacity to $290 million.
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HY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $51.41 | $52.87 | +2.84% |
| Nov 05, 2024 | $61.88 | $52.79 | -14.69% |
| Aug 06, 2024 | $68.74 | $57.45 | -16.42% |
| May 07, 2024 | $57.67 | $71.25 | +23.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hyster-Yale Materials Handling (HY) report earnings?
Hyster-Yale Materials Handling (HY) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Hyster-Yale Materials Handling (HY) earnings time?
Hyster-Yale Materials Handling (HY) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HY EPS forecast?
HY EPS forecast for the fiscal quarter 2025 (Q1) is 0.35.
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