Hyster-Yale Materials Handling, Inc. Provides Consolidated Earnings Guidance for the Second Half and Full Year of 2023
August 01, 2023 at 09:57 pm
Share
Hyster-Yale Materials Handling, Inc. provided consolidated earnings guidance for the second half and full year of 2023. At the consolidated level, second-half 2023 operating profit and net income are expected to be significantly higher than second-half 2022.
Full-year 2023 margin expansion, led by strong first-half improvements, is expected to generate substantial operating profit and net income for the 2023 full year.
Hyster-Yale, Inc., formerly Hyster-Yale Materials Handling, Inc., through its wholly owned operating subsidiary, Hyster-Yale Materials Handling, designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, aftermarket parts and technology solutions marketed globally primarily under the Hyster and Yale brand names. The Company's business segments include Lift Trucks, Attachments and Fuel Cells. The Hyster-Yale Maximal brand provides trucks for customers requiring fundamental lift truck performance. The Lift Truck segment is focused on fuel cell-powered battery box replacements and integrated fuel cell engine solutions. Hyster- Yaleâs attachment subsidiary, Bolzoni S.p.A., is a producer of attachments, forks, and lift tables under the Bolzoni, Auramo and Meyer brand names. The Fuel Cell business, Nuvera Fuel Cells, is an alternative-power technology company focused on fuel cell stacks and engines.