Hyster-Yale Full Year 2024 Earnings: Revenues Beat Expectations, EPS Lags

Hyster-Yale (NYSE:HY) Full Year 2024 Results

Key Financial Results

• Revenue: US$4.31b (up 4.6% from FY 2023).
• Net income: US$142.3m (up 13% from FY 2023).
• Profit margin: 3.3% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$8.16 (up from US$7.35 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hyster-Yale Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 9.4%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Machinery industry in the US.

Performance of the American Machinery industry.

The company's shares are down 2.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Hyster-Yale you should be aware of.

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