Hyster-Yale Materials Handling Reaches Record Earnings and Revenue in Q3
May 3, 2023
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HYSTER-YALE ($NYSE:HY): These figures both exceeded analysts’ expectations of $57.71 million and $1.17 EPS respectively. Hyster-Yale Materials Handling, Inc. is a leading global manufacturer of material handling equipment. The company is well-known for its industry-leading brands such as Hyster®, Yale®, UTILEV®, and Nuvera®. It designs, manufactures, distributes and services a comprehensive line of equipment from the largest and most durable lift trucks in the world to energy-efficient electric models.
Hyster-Yale’s global presence spans Europe, the Middle East, Africa, Latin America, Asia Pacific and North America. They also offer parts, service, new and used equipment, financing, training and consulting services to meet the needs of their customers.
Market Price
On Tuesday, Hyster-Yale Materials Handling (HY) announced a record third quarter earnings and revenue. The company’s stock opened at $54.4 and closed at the same price, a decrease of 0.9% compared to the previous day’s closing of 54.9. This is the third quarter in a row that the company has seen revenue and earnings growth. The strong results have been attributed to an increase in demand for the company’s products in the US and Europe, as well as successful cost-cutting initiatives.
HY also highlighted their recent investments in emerging markets as a key factor in their success. Overall, the results demonstrate that HY continues to be a leading provider of materials handling solutions, and is on track for further success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HY. More…
| Total Revenues | Net Income | Net Margin |
| 3.55k | -74.1 | -2.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HY. More…
| Operations | Investing | Financing |
| 40.6 | -35.4 | -10.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.03k | 1.8k | 12.07 |
Key Ratios Snapshot
Some of the financial key ratios for HY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.5% | -13.1% | -1.0% |
| FCF Margin | ROE | ROA |
| 0.3% | -13.3% | -1.0% |
Analysis
At GoodWhale, we have conducted a thorough analysis of HYSTER-YALE MATERIALS HANDLING’s fundamentals. Based on our calculation of the Risk Rating, we can conclude that HYSTER-YALE MATERIALS HANDLING is a low risk investment, both in terms of its financial and business aspects. However, we have detected one risk warning in HYSTER-YALE MATERIALS HANDLING’s income sheet. To gain access to this information and get a full picture of the company’s financial situation, we suggest that you become a registered user of GoodWhale. More…
Peers
It is competing with other leading companies in the sector such as PACCAR Inc, Qingling Motors Co Ltd and Tadano Ltd. All of these companies are renowned for their innovative products and cutting-edge technologies that help businesses to improve their efficiency and productivity.
– PACCAR Inc ($NASDAQ:PCAR)
PACCAR Inc is a Fortune 500 company that designs, manufactures, and distributes light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. With a market capitalization of 34.7 billion dollars as of 2023, the company has demonstrated significant growth in recent years. Moreover, its Return on Equity (ROE) of 19.26% is one of the highest in its sector, indicating that the company is highly profitable and efficiently utilizing its equity to generate returns.
– Qingling Motors Co Ltd ($SEHK:01122)
Qingling Motors Co Ltd is a leading Chinese manufacturer of passenger cars and commercial vehicles. The company has a market capitalization of 2.63 billion dollars as of 2023, which puts it among the top largest companies in the automotive industry. Qingling Motors Co Ltd also has a strong Return on Equity of 1.96%, which indicates that the company is able to generate good returns on its investment and is a good indicator of its financial health.
– Tadano Ltd ($TSE:6395)
Tadano Ltd is a global leader in the manufacturing and sales of cranes and other heavy machinery. It has a market capitalization of 115.49 billion as of 2023, indicating that it is a highly profitable and well-recognized company. Furthermore, its Return on Equity (ROE) of 3.31% reflects its strong financial performance and ability to generate returns on its investments. Tadano’s products are well-known for their quality, durability, and reliability, making them the preferred choice of customers in the industry. The company has established itself as a leader in the crane and heavy machinery market, and its strong financial performance is a testament to its success.
Summary
Hyster-Yale Materials Handling recently reported their quarterly results, with a GAAP EPS of $1.55 which was above the expectations by $1.17. Revenue was also higher than expected, reaching $999.3M, which is an increase of $57.71M compared to the estimates. This demonstrates that the company is performing well and their business model is succeeding.
Looking at the financial results, investors can see that there is potential for long-term growth in the company and that it may be a good prospect for investments. The company has a strong track record in terms of financial performance, and investors are likely to find it an attractive option given the strong results reported.
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