Hyster-Yale Materials Handling, Inc. Provides Earnings Guidance for Second Quarter of 2021
May 05, 2021 at 12:30 am IST
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Hyster-Yale Materials Handling, Inc. provided earnings guidance for second quarter of 2021. The company expects operating profit and net income in the second quarter of 2021 to be significantly higher than the very low second-quarter 2020 and first-quarter 2021 results as supply chain constraints are expected to moderate modestly. This increase in expected operating profit would be the result of expected increased unit shipments.
Hyster-Yale, Inc., formerly Hyster-Yale Materials Handling, Inc., through its wholly owned operating subsidiary, Hyster-Yale Materials Handling, designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, aftermarket parts and technology solutions marketed globally primarily under the Hyster and Yale brand names. The Company's business segments include Lift Trucks, Attachments and Fuel Cells. The Hyster-Yale Maximal brand provides trucks for customers requiring fundamental lift truck performance. The Lift Truck segment is focused on fuel cell-powered battery box replacements and integrated fuel cell engine solutions. Hyster- Yaleâs attachment subsidiary, Bolzoni S.p.A., is a producer of attachments, forks, and lift tables under the Bolzoni, Auramo and Meyer brand names. The Fuel Cell business, Nuvera Fuel Cells, is an alternative-power technology company focused on fuel cell stacks and engines.