NYSE$HY
Hyster-Yale Materials Handling Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Hyster-Yale's Q4 2023 earnings were released, showcasing revenue growth and improved profitability
Hyster-Yale Materials Handling reported a 4% increase in revenue to $1 billion and a 146% increase in operating profit to $48.7 million for Q4 2023. Net income increased by 232% to $25.2 million. The company is projecting higher operating profit for FY 2024 with comparable net income.
- Revenue reached $1.0 billion, a 4% increase compared to the previous year.
- Operating profit surged by 146% year-over-year, reaching $48.7 million.
- Net income saw a significant increase of 232% compared to the previous year, amounting to $25.2 million.
- The company forecasts higher operating profit in FY 2024 with comparable net income.
Headline financials
Revenue & EPS history
Hyster-Yale · Revenue · Quarterly
$1.03B
Revenue by segment
Hyster-Yale · $92.8M total across 1 segment · Q3 2023
- Bolzoni$92.8M+12.9%100.0%
Forward guidance
The company anticipates comparable revenue and an increase in operating profit compared to the strong FY 2023. Net income is expected to be comparable to FY 2023 due to higher income tax expense.
Tailwinds
- Improved sales activity vs. FY ’23 forecasted
- Expected y/y operating profit increase as higher product margins & manufacturing efficiencies offset higher material and operating costs
- H1 profit growth driven by strong margins from fixed-price backlog
- Revenues & production and shipment rates expected to increase vs. PY
- Significant H1 ’24 operating profit increase y/y from higher volumes, favorable price-to-cost ratio.
Headwinds
- Higher sales offset by increased development costs leading to comparable y/y operating results
- Modest revenue improvement anticipated vs. FY ’23 as attachment volumes increase and legacy products phased out
- Net income comparable to FY ’23 due to higher income tax expense
- Tempered H2 results from expiration of tariff exemptions & shipments of competitively priced 2024 orders.
- H2 ’24 expected to moderate vs. H1 from tariff exemptions expiration, shipment of trucks ordered in 2024’s more competitive pricing environment & product mix shift
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 Q4 2023
-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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