Hyster-Yale Materials (HY) Tops Q1 EPS by $1.39
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HYSTER-YALE MATERIALS HANDLING ANNOUNCES FIRST QUARTER 2023 RESULTS
May 2, 2023 4:54 PM EDTQ1 2023 Highlights:Â
Consolidated revenues of nearly $1 billion increased 21% over Q1 2022 due to higher pricing and sales volumes, and an improved sales mix Consolidated operating profit of $42.6 million and consolidated net income of $26.6 million compared with losses in Q1 2022 Lift Truck operating profit of $47.8 million and 5% operating margin were significantly ahead of expectations despite continued production challenges and currency headwinds Average sales price per backlog unit increased nearly 34% over Q1 2022 and 2% over Q4... More