Hyster-Yale Materials Handling, Inc. Provides Earnings Guidance for Second Quarter of 2021
May 04, 2021 at 08:00 pm
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Hyster-Yale Materials Handling, Inc. provided earnings guidance for second quarter of 2021. The company expects operating profit and net income in the second quarter of 2021 to be significantly higher than the very low second-quarter 2020 and first-quarter 2021 results as supply chain constraints are expected to moderate modestly. This increase in expected operating profit would be the result of expected increased unit shipments.
Hyster-Yale Materials Handling, Inc. is a globally integrated company offering a full line of application-tailored lift trucks and solutions. Its solutions include attachments and hydrogen fuel cell power products, telematics, automation, and fleet management services, as well as a variety of other power options for its lift truck. Its segments include the Americas; Europe, the Middle East and Africa (EMEA), and Japan, Asia, Pacific, India, and China (JAPIC). Through, Hyster-Yale Group, Inc., it designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments and aftermarket parts marketed globally, primarily under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships. It also designs and produces specialized products in the port equipment and rough terrain forklift markets. It distributes lift trucks and attachments primarily through two channels: independent dealers and a direct sales program.