NYSE$HY
Hyster-Yale Materials Handling Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Hyster-Yale's consolidated revenues increased, and operating loss improved compared to Q3 2021.
Hyster-Yale's Q3 2022 results showed increased consolidated revenues driven by higher lift truck prices and parts volumes. The consolidated operating loss improved due to moderating component shortages and supply chain constraints. Lift Truck results improved year-over-year, while Bolzoni's results decreased, and Nuvera's loss decreased.
- Consolidated revenues increased 12.3% over Q3 2021, primarily due to increased lift truck prices and parts volumes.
- Lift truck shipments increased in each geographic segment versus Q3 2021, due to moderating component shortages and supply chain constraints.
- Consolidated operating loss improved by nearly $30 million versus Q3 2021, which included $24.8 million of non-cash charges at Nuvera.
- Lift Truck results improved versus Q3 2021 and were ahead of Company expectations, despite significant unfavorable currency effects.
Headline financials
Revenue & EPS history
Hyster-Yale · Revenue · Quarterly
$840M
Revenue by segment
Hyster-Yale · $82.2M total across 1 segment · Q3 2022
- Bolzoni$82.2M-8.7%100.0%
Forward guidance
Hyster-Yale anticipates reduced losses and a move towards operating profit in the fourth quarter of 2022. Lift Truck expects a slightly reduced operating profit in Q4 2022 and a substantial higher operating profit and net income in 2023 versus 2022. Bolzoni expects to return to profitability in Q4 2022 and a comparable operating profit in 2023. Nuvera expects reduced losses in Q4 2022 and a solid operating profit in 2023.
Tailwinds
- Backlog levels will drive future performance and support unit margin expansion
- Lift Truck moderately expected to move from modest operating profit in Q4 2022 to substantial higher operating profit in 2023 versus 2022
- Bolzoni expects to return to profitability in Q4 2022
- Bolzoni expects a comparable operating profit in 2023
- Nuvera expects reduced losses in Q4 2022 and a solid operating profit in 2023
Headwinds
- Economic Potential Recessionary Headwinds
- Russia/Ukraine conflict expansion
- Supplier component volume shortages
- Freight costs and constraints
- Component cost inflation
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-0.1%
Avg return
Earnings day
-1.2%
Avg return
5 days after
-0.2%
Avg return
30 days after
41%
24 / 58 earnings
Positive
+34.7%
Q4 2022
Best reaction
-16.0%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.7% | -3.3% | -6.6% | |
| Q4 2025 | -1.9% | -14.3% | -15.5% | |
| Q3 2025 | -2.9% | -4.4% | -1.7% | |
| Q1 2025 | -5.6% | +4.5% | +1.8% | |
| Q4 2024 | +2.8% | -14.2% | -19.1% | |
| Q3 2024 | -10.5% | -14.8% | -11.0% | |
| Q2 2024 | -15.6% | -13.3% | -14.6% | |
| Q1 2024 | +33.9% | +24.9% | +26.1% | |
| Q4 2023 | -16.0% | -17.9% | -7.9% | |
| Q3 2023 | +7.3% | +9.0% | +22.2% | |
| Q2 2023 | -0.2% | +4.1% | -3.8% | |
| Q4 2022 | +34.7% | +50.0% | +53.2% | |
| Q3 2022 | +4.0% | +2.1% | +3.1% | |
| Q2 2022 | -3.6% | -7.6% | -20.2% | |
| Q1 2022 | +8.2% | +7.3% | +22.9% | |
| Q4 2021 | -6.1% | -2.7% | -9.5% | |
| Q3 2021 | -14.6% | -9.3% | -25.6% | |
| Q2 2021 | -11.5% | -13.6% | -15.0% | |
| Q1 2021 | -9.8% | -6.0% | -10.1% | |
| Q4 2020 | -10.3% | +2.0% | -6.0% | |
| Q3 2020 | +15.1% | +14.5% | +30.4% | |
| Q2 2020 | +8.7% | +8.9% | +3.0% | |
| Q4 2019 | -1.2% | -16.6% | -8.2% | |
| Q3 2019 | -1.1% | +0.5% | +14.7% | |
| Q2 2019 | +12.8% | +1.8% | -1.2% | |
| Q1 2019 | -10.5% | -11.4% | -32.4% | |
| Q4 2018 | -3.7% | +2.2% | +6.6% | |
| Q3 2018 | -0.0% | +6.3% | +6.5% | |
| Q2 2018 | -5.3% | -3.2% | -4.2% | |
| Q1 2018 | -3.0% | -5.1% | -6.3% | |
| Q4 2017 | -10.4% | -2.0% | +5.8% | |
| Q3 2017 | +2.6% | -0.1% | +4.5% | |
| Q2 2017 | -9.0% | -8.3% | +0.5% | |
| Q1 2017 | +14.5% | +18.8% | +24.0% | |
| Q4 2016 | +4.8% | -3.9% | -5.2% | |
| Q3 2016 | -9.3% | -9.8% | +12.1% | |
| Q2 2016 | -15.5% | -18.9% | -20.0% | |
| Q1 2016 | -10.6% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | -4.0% | — | — | |
| Q2 2015 | +8.2% | — | — | |
| Q1 2015 | -1.8% | — | — | |
| Q4 2014 | +2.2% | — | — | |
| Q3 2014 | +7.1% | — | — | |
| Q2 2014 | -8.6% | — | — | |
| Q1 2014 | -5.9% | — | — | |
| Q4 2013 | +10.3% | — | — | |
| Q3 2013 | -13.0% | — | — | |
| Q2 2012 | +13.1% | — | — | |
| Q2 2013 | +13.1% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q1 2013 | +0.4% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q2 2011 | -0.7% | — | — | |
| Q3 2011 | +3.8% | — | — | |
| Q4 2011 | +3.8% | — | — | |
| Q3 2012 | +3.8% | — | — | |
| Q4 2012 | — | — | — |
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