NYSE$HY
Hyster-Yale Materials Handling Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Hyster-Yale reported a decrease in operating profit and net income in Q4 2024 compared to the prior year, despite a slight increase in revenues.
Hyster-Yale's Q4 2024 performance saw a 4% increase in revenues to $1,067.5 million, but operating profit declined by 34% to $32.3 million and net income decreased by 59% to $10.3 million, primarily due to manufacturing footprint improvement and operational optimization charges.
- Full year revenues reached $4.3 billion in 2024, with Q4 2024 revenues at $1.1 billion.
- Adjusted results for FY 2024 exclude $22.6 million in charges, and Q4 2024 excludes $21.4 million, related to manufacturing footprint streamlining and operational optimization.
- Q4 2024 operating profit was $32 million, with adjusted operating profit at $54 million.
- The company generated $81 million of cash from operations in Q4 2024 and repurchased approximately $5 million of Class A common stock.
Headline financials
Revenue & EPS history
Hyster-Yale · Revenue · Quarterly
$1.07B
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 a significant year-over-year revenue decrease in 2025 due to lower production levels, with operating profit expected to be significantly lower than 2024. However, Bolzoni's operating profit is anticipated to be comparable to 2024 adjusted operating profit, and Nuvera's operating results are expected to improve modestly.
Tailwinds
- New modular, scalable counterbalanced trucks are anticipated to launch in the first half of 2025, including electric models, expected to lead to share gains.
- Bolzoni's product margins are expected to improve modestly year-over-year, with increased production of higher margin attachments offsetting lower legacy component sales.
- Nuvera expects full-year revenues to increase over prior year, primarily due to HydroCharge™.
- Nuvera's operating results are expected to improve modestly compared to 2024, partly due to benefits from the 2024 force reduction action.
- The Company continues to make progress towards its goal of generating 7% operating profit margins across a business cycle in the Lift Truck and Bolzoni businesses.
Headwinds
- Initial 2025 production estimates are well below 2024 levels, leading to lower production rates in the first half of 2025.
- Margins are expected to decline in 2025 compared to the prior year due to increased competitive dynamics in the market.
- Operating expense is expected to increase year-over-year in 2025 to support long-term profitable growth efforts.
- Lower revenues, unit margin declines, and increased expenses are expected to result in significantly lower operating profit in 2025 compared to 2024.
- If the bookings market or expected market share improvements fail to meet expectations, global production levels will likely moderate in the second half of 2025.
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 2024
-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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