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Jun 30, 2024
Hyster-Yale Q2 2024 Earnings Report
Hyster-Yale's Q2 2024 earnings were improved compared to prior year.
Key Takeaways
Hyster-Yale reported improved results in Q2 2024, with revenue up 7% and operating profit up 63% compared to the prior year. The company's net income increased by 65%.
Significant inventory decrease & Cash flow increase vs. PY
Y/Y revenue increase
Operating profit moderating slightly vs. strong PY
Net income comparable to strong PY
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
H2 2024 revenue is expected to increase, with operating profit moderating slightly vs. H2 2023. Net income is expected to be comparable to prior year.
Positive Outlook
- H2 ’24 revenue increase
- Modest operating profit increase vs. H2 ‘23
- Revenue increase vs. H2 ‘23
- Market share gains
- Revenue increase vs. H2 ‘23
Challenges Ahead
- Revenue decrease vs. H2 ‘23
- Legacy products phasing out
- Increased y/y sales of higher- margin attachments
- Modestly lower operating profit vs. strong H2 ‘23
- Higher operating expenses
Historical Earnings Impact
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Avg. Return Before/After Earnings
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