NYSE:HYMachinery
Hyster-Yale (HY): One-Off $38.5M Loss Drives Margin Miss, Challenges Bullish Recovery Narratives
Hyster-Yale (HY) reported earnings shaped by a mix of standout historical growth and recent setbacks. Over the past five years, earnings have climbed at a 42.2% annual rate, but the latest period saw earnings dip due to a one-off $38.5 million loss. Net profit margins slipped to 0.6% from 4.1% last year, highlighting the recent profitability pressure. With revenue expected to grow at 2% per year and earnings forecast to accelerate at 31.7% annually, well above the U.S. market average,...