Form 8-K - Current report
August 01 2023 - 5:01PM
Edgar (US Regulatory)
0001173514false00011735142023-08-012023-08-01
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_______________________________________________________________________________________________________________________________________________________________________________________________________
FORM 8-K | | |
CURRENT REPORT |
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 |
|
| | | | | | | | |
Date of Report (Date of earliest event reported): | August 1, 2023 |
| | |
HYSTER-YALE MATERIALS HANDLING, INC. |
(Exact name of registrant as specified in its charter) |
| | |
Delaware | 000-54799 | 31-1637659 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| | |
5875 Landerbrook Drive, Suite 300 | | |
Cleveland | (440) | |
OH | 449-9600 | 44124-4069 |
(Address of principal executive offices) | (Registrant's telephone number, including area code) | (Zip code) |
| N/A | |
(Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act: | | | | | | | | |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Class A Common Stock, $0.01 par value per share | HY | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition and
Item 7.01 Regulation FD Disclosure.
On August 1, 2023, Hyster-Yale Materials Handling, Inc. (the “Company”) will post on its website at www.hyster-yale.com additional historical quarterly financial data and update the schedules that were previously posted to the website for the second quarter 2023 results. A copy of the data is attached as Exhibit 99 to this Current Report on Form 8-K.
This Current Report on Form 8-K and the information attached hereto are being furnished by the Company pursuant to Item 2.02 of Form 8-K, insofar as they disclose historical information regarding the Company's results of operations.
The information in this Current Report on Form 8-K, including Exhibit 99, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
As described in Item 2.02 and 7.01 of this Current Report on Form 8-K, the following Exhibit is furnished as part of this Current Report on Form 8-K.
| | | | | | | | |
(d) Exhibits | | |
| | |
99 | | |
104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | | | | | | |
| | | |
Date: | August 1, 2023 | | HYSTER-YALE MATERIALS HANDLING, INC. |
| | | |
| | By: | /s/ Jennifer M. Langer |
| | | Jennifer M. Langer |
| | | Title: Vice President, Controller and Chief Accounting Officer |
| | | |
EXHIBIT 99 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Hyster-Yale Materials Handling, Inc. |
(in millions, except percentage data) |
| | | | | | | | | | | | | |
| Backlog (in thousands) | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 114.1 | | 112.0 | | 108.2 | | 102.1 | | 102.1 | | | | | | | | | |
2023 | 99.2 | | 92.8 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Unit Shipments (in thousands) | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 23.9 | | 25.3 | | 24.5 | | 27.1 | | 100.8 | | | | | | | | | |
2023 | 25.2 | | 27.7 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Revenues - Americas | | | Revenues - Americas - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 557.7 | | 596.6 | | 571.3 | | 679.8 | | 2,405.4 | | | 2022 | 21.3 | % | 24.5 | % | 15.6 | % | 23.3 | % | 21.2 | % | |
2023 | 685.9 | | 788.5 | | | | | | 2023 | 23.0 | % | 32.2 | % | | | | |
| | | | | | | | | | | | | |
| Revenues - EMEA | | | Revenues - EMEA - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 169.7 | | 184.8 | | 159.4 | | 190.3 | | 704.2 | | | 2022 | -0.6 | % | 5.5 | % | 3.9 | % | 5.9 | % | 3.7 | % | |
2023 | 214.9 | | 200.6 | | | | | | 2022 | 26.6 | % | 8.5 | % | | | | |
| | | | | | | | | | | | | |
| Revenues - JAPIC | | | Revenues - JAPIC - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 51.7 | | 64.9 | | 65.5 | | 67.9 | | 250.0 | | | 2022 | -14.5 | % | -0.2 | % | 16.8 | % | 29.8 | % | 6.9 | % | |
2023 | 47.9 | | 49.6 | | | | | | 2023 | -7.4 | % | -23.6 | % | | | | |
| | | | | | | | | | | | | |
| Revenues - Bolzoni | | | Revenues - Bolzoni - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 95.1 | | 86.4 | | 82.2 | | 92.0 | | 355.7 | | | 2022 | 19.6 | % | 1.9 | % | -8.7 | % | -1.6 | % | 2.3 | % | |
2023 | 98.6 | | 96.6 | | | | | | 2023 | 3.7 | % | 11.8 | % | | | | |
| | | | | | | | | | | | | |
| Revenues - Nuvera | | | Revenues - Nuvera - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 0.6 | | 0.3 | | 1.2 | | 1.3 | | 3.4 | | | 2022 | n.m. | — | % | n.m. | n.m. | n.m. | |
2023 | 1.6 | | 1.0 | | | | | | 2023 | n.m. | 233.3 | % | | | | |
| | | | | | | | | | | | | |
| Revenues - Consolidated | | | Revenues - Consolidated - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 827.6 | | 895.4 | | 840.1 | | 985.2 | | 3,548.3 | | | 2022 | 13.0 | % | 17.0 | % | 12.3 | % | 18.7 | % | 15.4 | % | |
2023 | 999.3 | | 1,090.6 | | | | | | 2023 | 20.7 | % | 21.8 | % | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Hyster-Yale Materials Handling, Inc. |
(in millions, except percentage data) |
| | | | | | | | | | | | | |
| Gross Profit | | | Gross Profit % | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 101.2 | 99.1 | 86.9 | 146.7 | 433.9 | | | 2022 | 12.2 | % | 11.1 | % | 10.3 | % | 14.9 | % | 12.2 | % | |
2023 | 174.4 | 197.9 | | | | | 2023 | 17.5 | % | 18.1 | % | | | | |
| | | | | | | | | | | | | |
| Operating Expenses | | | Operating Expenses as a % of Revenue | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 119.5 | | 114.8 | | 111.8 | | 126.9 | | 473.0 | | | 2022 | 14.4 | % | 12.8 | % | 13.3 | % | 12.9 | % | 13.3 | % | |
2023 | 131.8 | | 139.1 | | | | | | 2023 | 13.2 | % | 12.8 | % | | | | |
| | | | | | | | | | | | | |
| Operating Profit (Loss) | | | Operating Profit (Loss) % | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | (18.3) | | (15.7) | | (24.9) | | 19.8 | | (39.1) | | | 2022 | -2.2 | % | -1.8 | % | -3.0 | % | 2.0 | % | -1.1 | % | |
2023 | 42.6 | | 58.8 | | | | | | 2023 | 4.3 | % | 5.4 | % | | | | |
| | | | | | | | | | | | | |
| Interest (Income) Expense | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 4.9 | | 5.9 | | 7.3 | | 9.2 | | 27.3 | | | | | | | | | |
2023 | 9.6 | | 7.8 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Other (Income) Expense | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | (1.9) | | 0.2 | | 0.2 | | (2.5) | | (4.0) | | | | | | | | | |
2023 | (2.9) | | 0.2 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Income (Loss) Before Taxes | | | Effective Income Tax Rate | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | (21.3) | | (21.8) | | (32.4) | | 13.1 | | (62.4) | | | 2022 | -13.6 | % | 14.2% | -13.0 | % | 39.7 | % | -14.7 | % | |
2023 | 35.9 | | 50.8 | | | | | | 2023 | 24.2 | % | 23.6% | | | | |
| | | | | | | | | | | | | |
| Net Income (Loss) Attributable to Stockholders | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | (25.0) | | (19.4) | | (37.3) | | 7.6 | | (74.1) | | | | | | | | | |
2023 | 26.6 | | 38.3 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Depreciation and Amortization Expense | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 11.1 | | 11.0 | | 10.9 | | 10.4 | | 43.4 | | | | | | | | | |
2023 | 11.2 | | 11.3 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Net Working Capital (1) | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 704.7 | | 751.9 | | 686.2 | | 715.7 | | 715.7 | | | | | | | | | |
2023 | 763.0 | | 809.0 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Capital Expenditures | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 9.7 | | 5.6 | | 4.4 | | 9.1 | | 28.8 | | | | | | | | | |
2023 | 3.3 | | 7.3 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Net Cash Provided By (Used For) Operating Activities | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 59.1 | | (58.9) | | 34.1 | | 6.3 | | 40.6 | | | | | | | | | |
2023 | 9.0 | | 35.8 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Hyster-Yale Materials Handling, Inc. |
(in millions, except percentage data) |
| | | | | | | | | | | | | |
| Net Cash Provided By (Used For) Investing Activities | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | (9.3) | | (13.6) | | (4.3) | | (8.2) | | (35.4) | | | | | | | | | |
2023 | (5.0) | | (6.9) | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Cash Flow Before Financing Activities (2) | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 49.8 | | (72.5) | | 29.8 | | (1.9) | | 5.2 | | | | | | | | | |
2023 | 4.0 | | 28.9 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Net Cash Provided By (Used For) Financing Activities | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | (50.9) | | 84.4 | | (35.4) | | (9.0) | | (10.9) | | | | | | | | | |
2023 | (2.5) | | (26.4) | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Dividends Paid to Stockholders | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 5.4 | | 5.5 | | 5.5 | | 5.4 | | 21.8 | | | | | | | | | |
2023 | 5.6 | | 5.5 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Total Debt | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 479.0 | | 580.6 | | 545.0 | | 552.9 | | 552.9 | | | | | | | | | |
2023 | 560.6 | | 542.3 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Permanent Equity | | | Return on Equity (3) | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 351.5 | | 207.5 | | 121.5 | | 210.9 | | 210.9 | | | 2022 | -40.9 | % | -54.0 | % | -58.8 | % | -29.1 | % | -29.1 | % | |
2023 | 257.6 | | 292.3 | | | | | | 2023 | -9.8 | % | 16.1 | % | | | | |
| | | | | | | | | | | | | |
(1) | | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. |
(2) | | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. |
(3) | | Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Lift Truck Business |
(in millions, except percentage data) |
| | | | | | | | | | | | | |
| Backlog (in thousands) | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 114.1 | | 112.0 | | 108.2 | | 102.1 | | 102.1 | | | | | | | | | |
2023 | 99.2 | | 92.8 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Unit Shipments (in thousands) | | | | | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 23.9 | | 25.3 | | 24.5 | | 27.1 | | 100.8 | | | | | | | | | |
2023 | 25.2 | | 27.7 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Revenues - Americas | | | Revenues - Americas - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 557.7 | | 596.6 | | 571.3 | | 679.8 | | 2,405.4 | | | 2022 | 21.3 | % | 24.5 | % | 15.6 | % | 23.3 | % | 21.2 | % | |
2023 | 685.9 | | 788.5 | | | | | | 2023 | 23.0 | % | 32.2 | % | | | | |
| | | | | | | | | | | | | |
| Revenues - EMEA | | | Revenues - EMEA - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 169.7 | | 184.8 | | 159.4 | | 190.3 | | 704.2 | | | 2022 | -0.6 | % | 5.5 | % | 3.9 | % | 5.9 | % | 3.7 | % | |
2023 | 214.9 | | 200.6 | | | | | | 2022 | 26.6 | % | 8.5 | % | | | | |
| | | | | | | | | | | | | |
| Revenues - JAPIC | | | Revenues - JAPIC - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 51.7 | | 64.9 | | 65.5 | | 67.9 | | 250.0 | | | 2022 | -14.5 | % | -0.2 | % | 16.8 | % | 29.8 | % | 6.9 | % | |
2023 | 47.9 | | 49.6 | | | | | | 2023 | -7.4 | % | -23.6 | % | | | | |
| | | | | | | | | | | | | |
| Revenues - Lift Truck Business | | | Revenues - Lift Truck Business - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 779.1 | | 846.3 | | 796.2 | | 938.0 | | 3,359.6 | | | 2022 | 12.8 | % | 17.7 | % | 13.1 | % | 19.7 | % | 16.0 | % | |
2023 | 948.7 | | 1,038.7 | | | | | | 2022 | 21.8 | % | 22.7 | % | | | | |
| | | | | | | | | | | | | |
| Gross Profit | | | Gross Profit % | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 85.9 | | 81.3 | | 74.6 | | 129.2 | | 371.0 | | | 2022 | 11.0 | % | 9.6 | % | 9.4 | % | 13.8 | % | 11.0 | % | |
2023 | 155.6 | | 177.0 | | | | | | 2023 | 16.4 | % | 17.0 | % | | | | |
| | | | | | | | | | | | | |
| Operating Expenses(1) | | | Operating Expenses as a % of revenues(1) | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 96.6 | 93.0 | | 89.8 | | 102.0 | | 381.4 | | | 2022 | 12.4 | % | 11.0 | % | 11.3 | % | 10.9 | % | 11.4 | % | |
2023 | 107.8 | 114.5 | | | | | | 2023 | 11.4 | % | 11.0 | % | | | | |
| | | | | | | | | | | | | |
| Operating Profit (Loss)(1) | | | Operating Profit (Loss) %(1) | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | (10.7) | | (11.7) | | (15.2) | | 27.2 | | (10.4) | | | 2022 | -1.4 | % | -1.4 | % | -1.9 | % | 2.9 | % | -0.3 | % | |
2023 | 47.8 | | 62.5 | | | | | | 2023 | 5.0 | % | 6.0 | % | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Bolzoni |
(in millions, except percentage data) |
| | | | | | | | | | | | | |
| Revenues | | | Revenues - Bolzoni - % change yr. over yr. | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 95.1 | | 86.4 | | 82.2 | | 92.0 | | 355.7 | | | 2022 | 19.6 | % | 1.9 | % | -8.7 | % | -1.6 | % | 2.3 | % | |
2023 | 98.6 | | 96.6 | | | | | | 2023 | 3.7 | % | 11.8 | % | | | | |
| | | | | | | | | | | | | |
| Gross Profit (Loss) | | | Gross Profit % | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 18.8 | | 18.9 | | 13.7 | | 19.3 | | 70.7 | | | 2022 | 19.8 | % | 21.9 | % | 16.7 | % | 21.0 | % | 19.9 | % | |
2023 | 20.7 | | 22.6 | | | | | | 2023 | 21.0 | % | 23.4 | % | | | | |
| | | | | | | | | | | | | |
| Operating Expenses | | | Operating Expenses as a % of revenues | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 16.7 | | 15.5 | | 15.0 | | 17.3 | | 64.5 | | | 2022 | 17.6 | % | 17.9 | % | 18.2 | % | 18.8 | % | 18.1 | % | |
2023 | 16.3 | | 17.2 | | | | | | 2023 | 16.5 | % | 17.8 | % | | | | |
| | | | | | | | | | | | | |
| Operating Profit (Loss) | | | Operating Profit (Loss) % | |
| Q1 | Q2 | Q3 | Q4 | FY | | | Q1 | Q2 | Q3 | Q4 | FY | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 2.1 | | 3.4 | | (1.3) | | 2.0 | | 6.2 | | | 2022 | 2.2 | % | 3.9 | % | -1.6 | % | 2.2 | % | 1.7 | % | |
2023 | 4.4 | | 5.4 | | | | | | 2023 | 4.5 | % | 5.6 | % | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Nuvera |
(in millions, except percentage data) |
| | | | | | | | | | | | | |
| Revenues | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 0.6 | | 0.3 | | 1.2 | | 1.3 | | 3.4 | | | | | | | | | |
2023 | 1.6 | | 1.0 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Gross Profit (Loss) | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | (1.9) | | (1.6) | | (2.0) | | (1.7) | | (7.2) | | | | | | | | | |
2023 | (2.1) | | (1.8) | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Operating Expenses | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | 6.2 | | 6.3 | | 7.0 | | 7.6 | | 27.1 | | | | | | | | | |
2023 | 7.7 | | 7.4 | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| Operating Profit (Loss) | | | | |
| Q1 | Q2 | Q3 | Q4 | FY | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
2022 | (8.1) | | (7.9) | | (9.0) | | (9.3) | | (34.3) | | | | | | | | | |
2023 | (9.8) | | (9.2) | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
| | | | | | | | | | | | | |
v3.23.2
Cover Page Document
|
Aug. 01, 2023 |
Cover [Abstract] |
|
Document Type |
8-K
|
Title of 12(b) Security |
Class A Common Stock, $0.01 par value per share
|
Written Communications |
false
|
Entity Central Index Key |
0001173514
|
Amendment Flag |
false
|
Entity Registrant Name |
HYSTER-YALE MATERIALS HANDLING, INC.
|
Entity Incorporation, State or Country Code |
DE
|
Entity File Number |
000-54799
|
Entity Tax Identification Number |
31-1637659
|
Entity Address, Postal Zip Code |
44124-4069
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Entity Emerging Growth Company |
false
|
Trading Symbol |
HY
|
Security Exchange Name |
NYSE
|
Entity Address, Address Line One |
5875 Landerbrook Drive, Suite 300
|
Entity Address, City or Town |
Cleveland
|
City Area Code |
(440)
|
Entity Address, State or Province |
OH
|
Local Phone Number |
449-9600
|
Document Period End Date |
Aug. 01, 2023
|
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
Hyster Yale (NYSE:HY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hyster Yale (NYSE:HY)
Historical Stock Chart
From Jul 2023 to Jul 2024