Hyster-Yale Materials reports Q1 adjusted EPS 49c vs. $2.93 last year

Reports Q1 revenue $910.4M vs. $1.056B last year. The company said, “Q1 Lift Truck revenues declined 14% from prior year and 15% sequentially primarily due to lower sales volumes in the Americas and EMEA. The decline was in line with the Company’s expectations and was due to reduced lift truck market demand and bookings levels in the second half of 2024. Overall, Lift Truck revenues contracted across its product portfolio compared to the strong performance in Q1 2024.”