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Dec 31, 2022
Hyster-Yale Q4 2022 Earnings Report
Hyster-Yale achieved record quarterly revenues and better-than-expected net income, building on Q4 momentum.
Key Takeaways
Hyster-Yale Materials Handling, Inc. reported strong Q4 2022 results with record quarterly revenues of $985.2 million and a net income of $7.6 million. The company benefited from higher pricing and a favorable sales mix, with supply chain constraints abating and cost inflation slowing.
Net Income was $7.6M.
Backlog decreased ~10% from peak in Q1 2022.
Average sales price/backlog unit increased +34% from Q4’21.
Record Quarterly Revenues reached $985.2M.
Revenue by Segment
Forward Guidance
Hyster-Yale anticipates a substantial operating profit and net income at the consolidated level for FY 2023. The company expects Bolzoni to see a significant increase in revenues and a substantial operating profit. Improved margins and higher operating profit are expected for Lift Truck in 2023 compared to 2022.
Positive Outlook
- Increased margins over time
- Higher operating profit in 2023 versus 2022
- Significant increase in revenues
- Substantial operating profit in 2023
- Enhanced foundation for improved returns
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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