Brief: Hyster-Yale Materials Handling Addresses Covid-19 Impact

Hyster-Yale

26/03/2020 10:35

March 26 (Reuters) - Hyster-Yale Materials Handling Inc
 HY.N :
    * HYSTER-YALE MATERIALS HANDLING, INC. ADDRESSES COVID-19
IMPACT
    * HYSTER-YALE MATERIALS HANDLING - PRODUCTION HAS BEEN
SIGNIFICANTLY REDUCED OR SUSPENDED IN SEVERAL OF CO'S EUROPEAN
FACILITIES
    * HYSTER-YALE MATERIALS HANDLING INC SAYS COMPANY'S
FINANCIAL
RESULTS FOR Q1 OF 2020 WILL BE LOWER THAN PREVIOUSLY EXPECTED
    * HYSTER-YALE MATERIALS HANDLING INC - EXPECTS TO CONTINUE
ITS
U.S. OPERATIONS
    * HYSTER-YALE MATERIALS HANDLING INC - ADDITIONAL PRODUCTION
DISRUPTIONS IN OTHER REGIONS ARE EXPECTED OVER TIME
    * HYSTER-YALE MATERIALS HANDLING INC -  2020 OUTLOOK
PREVIOUSLY
PROVIDED IS NO LONGER COMPANY'S PERSPECTIVE ON ITS 2020 OUTLOOK
    * HYSTER-YALE MATERIALS HANDLING INC - AS OF DECEMBER 31,
2019,
COMPANY HAD $64.6 MILLION OF CONSOLIDATED CASH ON HAND
    * HYSTER-YALE MATERIALS HANDLING - AS OF DEC 31, 2019 HAD
UNUSED
BORROWING CAPACITY OF APPROXIMATELY $250 MILLION UNDER EXISTING
REVOLVING CREDIT FACILITIES

Source text for Eikon:  ID:nPn2TwxfCa 
Further company coverage:  HY.N 

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