HY Earnings Prediction
The chart below shows how HY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, HY sees a +8.32% change in stock price 10 days leading up to the earnings, and a -3.64% change 10 days following the report. On the earnings day itself, the stock moves by -2.20%. This data can give you a slight idea of what to expect for the next quarter's release.
HY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.07B
3.92%
5.06%
Gross Margin
19.45%
-4.70%
2.48%
Operating Margin
5.14%
8.44%
57.67%
Net Margin
1.00%
-60.00%
-42.86%
EPS
0.58
-59.44%
-40.21%
No Data Available
HY Earnings Analysis
Hyster-Yale Materials Handling Inc Corporation (HY.N) Earnings Conference Call
Positive
Q4 Revenue and Profit Growth: Higher revenue and improved adjusted operating profit in Q4 2024 compared to the prior year and quarter, driven by the Americas lift truck business.
Strategic Initiative Progress: Significant progress on strategic initiatives, including footprint optimization programs aimed at streamlining manufacturing and reducing costs, with expected annual benefits of $30 million to $40 million starting in 2027.
Record Revenue and Profit Growth: Strong performance in 2024 with revenues of $4.3 billion, a 5% increase year-over-year, and adjusted operating profit of $267 million, the strongest in company history.
Quarterly Revenue and Profit Growth: Fourth quarter revenues of $1.1 billion grew by 4% year-over-year and adjusted operating profits increased by 10%, reflecting strong product margins and improved sales mix.
Positive Booking Trends: Encouraging early 2025 bookings, particularly in EMEA and JAPIC regions, indicating potential market recovery and increased production rates in the future.
Modular Truck Launch Strategy: Successful launch of modular scalable internal combustion engine trucks in 2024, with plans for further product expansion in 2025 and 2026, enhancing manufacturing efficiency and customer satisfaction.
Fuel Cell Technology Expansion: Nuvera's focus on fuel cell technology and the anticipated launch of HydroCharge, a mobile power product, which is expected to drive revenue growth in 2025.
Negative
Declining Lift Truck Demand: Global lift truck bookings market continued to decline in Q4 2024, indicating lower demand and order cancellations.
Footprint Optimization Costs: The company incurred $21 million in costs for footprint optimization programs, with additional costs expected in 2025 and 2026, which may lead to operational inefficiencies due to lower production.
Revenue Decrease Anticipated: Despite a strong 2024, the company anticipates a significant year-over-year revenue decrease in Q1 and for the full year 2025 due to expected lower lift truck production levels.
Rising Operating Expenses: Operating expenses are expected to increase year-over-year in 2025, which could further pressure profit margins.
Market Competition Impact: Competitive intensity in the market is expected to continue in 2025, leading to a decline in strong product margins.
Customer Adoption Challenges: Nuvera is facing slow customer adoption rates and ongoing hydrogen supply constraints, which are delaying bookings and shipments.
High Income Tax Impact: The company's Q4 income tax rate was significantly higher at 55%, impacting net income due to non-deductible charges.
Revenue and Profit Decline: 2025 revenues and profits are expected to decline significantly compared to 2024, largely due to the soft global bookings market experienced by the lift truck business.
HY FAQs
How does HY typically perform around its earnings report dates?
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HY Earning Call Sentiment
Hyster-Yale, Inc. (HY) Q4 2024 Earnings Call Transcript
HY.N
-2.71%Positive
The earnings call reveals mixed signals. While there are positive financial metrics such as record operating profit margins and strong shareholder returns, concerns remain due to potential margin declines, economic risks, and unclear management guidance. The Q&A section highlighted uncertainties in market outlook and management's unclear responses. Despite some positive financial performance, the tempered market expectations and operational challenges suggest a neutral stock price movement over the next two weeks.
