Brief: Hyster-Yale Materials Handling Announces First Quarter 2023 Results

Hyster-Yale

02/05/2023 23:20

May 2 (Reuters) - Hyster-Yale Materials Handling Inc
 HY.N :
    * HYSTER-YALE MATERIALS HANDLING ANNOUNCES FIRST QUARTER
2023
RESULTS
    * HYSTER-YALE MATERIALS HANDLING - PROGRAMS TO REDUCE
INVENTORY
AND TO GENERATE CASH ARE EXPECTED TO SHOW SUBSTANTIAL PROGRESS
IN SECOND HALF OF 2023
    * HYSTER-YALE MATERIALS HANDLING - EFFORTS TO MAXIMIZE USE
OF
ON-HAND INVENTORY EXPECTED TO REDUCE EXCESS INVENTORY LEVELS IN
REMAINING 2023 QTRS
    * HYSTER-YALE MATERIALS HANDLING - SUPPLY CONSTRAINTS
CONTINUE TO
BE AN ISSUE PERIODICALLY, BUT CO EXPECTS CONTINUED IMPROVEMENTS
AS 2023 PROGRESSES
    * HYSTER-YALE MATERIALS HANDLING INC - EXPECTS SIGNIFICANT
INCREASE IN CASH FLOW BEFORE FINANCING ACTIVITIES FOR FULL-YEAR
2023 COMPARED WITH 2022
    * HYSTER-YALE MATERIALS HANDLING INC - QTRLY EARNINGS PER
SHARE
$1.55

Source text for Eikon:  ID:nPnbktRh3a 
Further company coverage:  HY.N 

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