Hyster-Yale revenues rise, profits fall

News Story
- 3 May 2018 ( #870 ) - Cleveland, OH, United States
1 min read
The forklift business should see higher unit and parts revenues
The forklift business should see higher unit and parts revenues
Hyster-Yale Materials Handling revenues for the first quarter rose 10.5% to USD788.2 million, up from USD713.1 million in the same period last year.

However, operating profit decreased 15% due to higher material and manufacturing costs.

The company expects its consolidated operating profit to be substantially higher for the 2018 full year. This is due to:

  • an expected improvement in Bolzoni's operating profit attributable to anticipated higher sales volumes;

  • a lower operating loss at Nuvera, primarily in the fourth quarter of 2018, from an expected reduction in component costs;

  • and a modest improvement in operating profit at the forklift business as benefits from anticipated higher unit and parts revenues are expected to be largely offset by material cost inflation and higher operating expenses.



Also expected to impact on performance going forward is the purchase of a 75% stake in Zhejiang Maximal Forklift Company Limited which is expected to be completed during the second quarter of 2018.

The Lift Truck business shipped approximately 24,800 units in the first quarter of 2018 - increasing from approximately 23,300 units in the first quarter of 2017.

First-quarter 2018 bookings were approximately 27,100 units, compared with approximately 24,800 units in the same period last year. The worldwide backlog was approximately 36,100 units (approximately 32,200 units in Q1, 2017).

Hyster-Yale remains focused on increasing unit volumes and marketshare in its Lift Truck business in 2018 and beyond through the continued implementation of its key strategic initiatives, which include delivering industry- and customer-focused solutions, providing low cost of ownership and enhanced productivity for customers, enhancing independent distribution, growing in emerging markets, maintaining leadership in the attachments business and providing leadership in fuel cells and their applications. The company has realigned its sales and marketing teams and has also increased sales resources to execute specific industry strategies more effectively.
Jungheinrich records ‘resilient’ results
Jungheinrich records ‘resilient’ results 16 Aug 2024 - Hamburg, Germany - 1 min read
KION narrows revenue forecast
KION narrows revenue forecast 8 Aug 2024 - Frankfurt, Germany - 1 min read
Kalmar makes stock market debut
Kalmar makes stock market debut 4 Jul 2024 - Helsinki, Finland, Finland - 1 min read
Previously about:
Hyster-Yale rolls out new corporate logo News Story - 6 Jun 2024 - Cleveland, OH, United States - 1 min read
Hyster-Yale revenues rise News Story - 2 Mar 2023 - Cleveland, OH, United States - 2 min read
Hyster-Yale shows loss despite sales surge News Story - 12 May 2022 - Cleveland, OH,, United States - 3 min read
Do you have materials handling news? Submit your news here

PREMIUM business

Hangzhou Maxlion Machinery Equipment Co., Ltd
3G Standard, Good Products, Good Price, Good Service.

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

Words of support …

After advertising with Forkliftaction.com, we got many enquiries regarding interest to be our distributor. Mostly from Europe and USA but including a few in ASEAN. We feel that the advertisement was useful and good for market expansion.

Lawrence Xu, Assistant Sales Manager

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

Inside The News
This week Forkliftaction News is celebrating its 25th anniversary! A wonderful achievement given we launched at a time when just 6% of the world’s population were internet users, according to Internet World Stats . Over the coming weeks, we will be sharing stories about our history and rolling out more celebrations, so keep an eye out... Continue reading

PREMIUM business

Hyster
Hyster is a world-leading provider of forklift trucks and services in the materials handling industry.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

RAEDER-VOGEL
Innovative high-quality wheels and castors for the forklift industry.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.