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 +9.99% change in stock price 10 days leading up to the earnings, and a -1.51% change 10 days following the report. On the earnings day itself, the stock moves by -3.32%. 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
1.02B
1.49%
-13.01%
Gross Margin
18.98%
-6.69%
-14.50%
Operating Margin
3.26%
-44.27%
-60.15%
Net Margin
1.75%
-51.92%
-68.01%
EPS
0.97
-52.91%
-72.91%
No Data Available
HY Earnings Analysis
HYSTER-YALE MATERIALS HANDLING, INC Corporation (HY.N) Earnings Conference Call
Positive
Q3 Revenue Performance: 1. Revenue Growth: Hyster-Yale reported consolidated revenue of $1 billion for Q3 2024, reflecting a year-over-year growth despite a challenging market environment.
Pricing Strategy Success: 2. Strong Pricing Discipline: The company achieved a 25% increase in average sales prices year-over-year, contributing to improved product margins.
Revenue and Profit Surge: 3. Bolzoni Performance: Bolzoni's Q3 revenues increased by 5%, with operating profit more than doubling compared to the prior year due to higher-margin product sales.
Strong Cash Flow Management: 4. Cash Generation: Hyster-Yale generated $70 million in cash from operations during Q3 2024, indicating strong cash flow management.
Debt-to-Capital Improvement: 5. Improved Financial Leverage: The company's debt-to-capital ratio improved by 500 basis points to 46% from the previous quarter, reflecting a stronger financial position.
Negative
Net Income Decline: 1. Decline in Net Income: Net income for Q3 2024 was $17 million, a decrease of 53% from $36 million in Q3 2023.
Factory Bookings Decline: 2. Significant Drop in Factory Bookings: Year-over-year dollar-value factory bookings decreased by 36% to $370 million in Q3 2024, indicating a substantial decline in demand.
Operating Profit Decrease: 3. Operating Profit Decline: Operating profit for the Lift Truck segment fell by 40% to $39 million compared to the previous year, primarily due to lower unit volumes and increased costs.
Rising Operating Expenses: 4. Increased Operating Expenses: Operating expenses rose year-over-year due to investments in strategic initiatives and higher employee-related costs, impacting overall profitability.
Increased Tax Expenses: 5. Higher Effective Tax Rate: The effective tax rate for Q3 2024 was 37%, significantly higher than the forecasted annual rate of 32%, leading to increased tax expenses.
HY FAQs
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HY Earning Call Sentiment
Hyster-Yale, Inc. (HY) Q3 2024 Earnings Call Transcript
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HY.N
-1.42%Positive
The earnings call presented mixed signals. Financial performance showed revenue growth, but operating and net income declined. The Q&A highlighted supply chain and product introduction issues, with management avoiding direct answers on some concerns. Positive aspects included improved shareholder returns and market share gains. However, Nuvera's revenue decline and weak guidance on future benefits dampen sentiment. Overall, the stock price is likely to remain stable, with a neutral prediction of -2% to 2% over the next two weeks, considering the company's small-cap status.