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Hyster-Yale Materials Handling Inc (HY)
NYSE:HY
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.38Last Year’s EPS
$1.43Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: -18.99%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant revenue growth and a strong backlog, but also highlighted challenges such as supply chain constraints, a decline in net income, and issues in the EMEA and Nuvera segments. Strategic initiatives and a robust backlog provide a positive outlook, but immediate challenges remain.Company Guidance
In the third quarter of 2024, Hyster-Yale Materials Handling reported a year-over-year revenue growth driven by strong product margins, particularly in the Americas Lift Truck and Bolzoni businesses. Despite a 36% decrease in year-over-year dollar-value factory booking to $370 million, the company experienced an 8% improvement in dollar-value bookings in the Americas, attributed to higher-priced Class 1 and new modular Class 5 trucks. The company's backlog stood at $2.3 billion, supporting shipment levels comparable to 2024. Challenges included supply chain constraints and product introduction issues, leading to lower-than-expected financial results. The global lift truck market saw a moderate decline, with further decreases anticipated in Q4. Looking ahead, Hyster-Yale expects a modest global market decline in 2025, with North America showing moderate growth in the second half of the year. Efforts to offset market decreases focus on share gains and advanced technology products. Operating profit for Lift Trucks in Q3 was $39 million, a 40% decline from the previous year, influenced by lower production rates in EMEA due to supply chain challenges and product rollout issues. The company's long-term strategic initiatives are gaining momentum, with expectations for increased market share in warehouse applications and advanced technologies.Revenue Growth
Consolidated revenue of $1 billion grew year-over-year, with Lift Truck revenues increasing by 2% due to higher average sales prices and a favorable sales mix shift.
Bolzoni Performance
Bolzoni's Q3 results were strong, with revenues increasing by 5% and operating profit improving over 100% year-over-year due to increased sales volumes of higher-margin products.
Cash Flow and Leverage
Generated $70 million of cash from operations during Q3, with financial leverage improving as the debt-to-capital ratio decreased by 500 basis points from June 30th.
Strategic Initiatives
Long-term strategic initiatives are gaining momentum, with expected market share gains in warehouse applications and modular, scalable products.
Strong Backlog
The company's $2.3 billion backlog is expected to support the business until market levels improve in the second half of 2025.
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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 |
|---|---|---|---|
| Nov 05, 2024 | $62.29 | $53.14 | -14.69% |
| Aug 06, 2024 | $69.19 | $57.83 | -16.42% |
| May 07, 2024 | $58.05 | $71.72 | +23.55% |
| Feb 27, 2024 | $68.55 | $57.05 | -16.78% |
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 Inc (HY) report earnings?
Hyster-Yale Materials Handling Inc (HY) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Hyster-Yale Materials Handling Inc (HY) earnings time?
Hyster-Yale Materials Handling Inc (HY) earnings time is at Mar 04, 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 2024 (Q4) is $1.38.
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