Hyster-Yale Materials (HY) Tops Q1 EPS by 14c
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Hyster-Yale Materials Handling Announces First Quarter 2019 Results
April 30, 2019 5:07 PM EDTCLEVELAND, April 30, 2019 /PRNewswire/ --
Quarter Highlights:
Consolidated revenues increased 5.9% over Q1 2018 Lift Truck revenues increased 6.0% over Q1 2018 Hyster-Yale Maximal contributed $16.4 million to Lift Truck revenues from shipments of 1,300 units, $1.6 million to gross profit and generated an operating loss of $2.0 million, including $1.0 million of amortization expense, in Q1 2019 Lift Truck operating profit decrease from Q1 2018 includes impact of investments to support strategic growth initiatives; impact of continuing, but abating, supply chain constraints; and phase in of the recovery of material cost inflation and tariffs... More