Hyster-Yale Files Q2 2024 10-Q Report

TL;DR

Hyster-Yale dropped its Q2 10-Q. Full financials for the period ending June 30, 2024 are now public.

AI Summary

Hyster-Yale, Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers the second quarter and first half of the fiscal year. Key financial data and operational details for the period are presented, with the company's fiscal year ending on December 31st.

Why It Matters

This filing provides investors with the latest financial performance and operational status of Hyster-Yale, Inc. for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks indicated in the provided snippet.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the financial reporting period covered by the 10-Q.)
• 20240806 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• HYSTER-YALE, INC. (company) — Filer
• 20240630 (date) — Reporting Period End Date
• 20240806 (date) — Filing Date
• CLEVELAND (location) — Company Headquarters City
• OH (location) — Company Headquarters State

FAQ

Key Financial Figures

• $0.01 — which registered Class A Common Stock, $0.01 Par Value Per Share HY New York Stock E

Filing Documents

• hy-20240630.htm (10-Q) — 1843KB
• hyex311q22024.htm (EX-31.1) — 11KB
• hyex312q22024.htm (EX-31.2) — 11KB
• hyex32q22024.htm (EX-32) — 8KB
• 0001173514-24-000124.txt ( ) — 8198KB
• hy-20240630.xsd (EX-101.SCH) — 34KB
• hy-20240630_cal.xml (EX-101.CAL) — 68KB
• hy-20240630_def.xml (EX-101.DEF) — 345KB
• hy-20240630_lab.xml (EX-101.LAB) — 530KB
• hy-20240630_pre.xml (EX-101.PRE) — 428KB
• hy-20240630_htm.xml (XML) — 1458KB

Financial Statements

Financial Statements Unaudited Condensed Consolidated Balance Sheets 2 Unaudited Condensed Consolidated Statements of Operations 3 Unaudited Condensed Consolidated Statements of Comprehensive Income 4 Unaudited Condensed Consolidated Statements of Cash Flows 5 Unaudited Condensed Consolidated Statements of Changes in Temporary and Permanent Equity 6 Notes to Unaudited Condensed Consolidated Financial Statements 8 Item 2

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 31 Item 4

Controls and Procedures

Controls and Procedures 31 Part II. OTHER INFORMATION Item 1

Legal Proceedings

Legal Proceedings 31 Item 1A

Risk Factors

Risk Factors 31 Item 2 Unregistered Sales of Equity Securities and Use of Proceeds 31 Item 3 Defaults Upon Senior Securities 31 Item 4 Mine Safety Disclosures 31 Item 5 Other Information 31 Item 6 Exhibits 32

Signatures

Signatures 33 1 Table of Contents PART I FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements HYSTER-YALE, INC. AND SUBSIDIARIES UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS JUNE 30 2024 DECEMBER 31 2023 (In millions, except share data) ASSETS Current Assets Cash and cash equivalents $ 66.5 $ 78.8 Accounts receivable, net 578.7 497.5 Inventories, net 790.7 815.7 Prepaid expenses and other 93.4 98.1 Total Current Assets 1,529.3 1,490.1 Property, Plant and Equipment, Net 311.0 313.9 Intangible Assets, Net 35.9 39.3 Goodwill 51.6 53.3 Deferred Income Taxes 2.7 3.0 Investments in Unconsolidated Affiliates 52.6 56.8 Other Non-current Assets 132.8 122.7 Total Assets $ 2,115.9 $ 2,079.1 LIABILITIES AND EQUITY Current Liabilities Accounts payable $ 506.7 $ 523.5 Accounts payable, affiliates 6.8 6.7 Revolving credit facilities 108.3 83.3 Short-term debt and current maturities of long-term debt 145.1 169.4 Accrued payroll 67.0 87.4 Deferred revenue 66.2 77.9 Other current liabilities 271.5 270.4 Total Current Liabilities 1,171.6 1,218.6 Long-term Debt 248.5 241.3 Self-insurance Liabilities 36.3 51.1 Pension Obligations 4.6 5.2 Deferred Income Taxes 11.7 12.7 Other Long-term Liabilities 161.1 143.4 Total Liabilities 1,633.8 1,672.3 Temporary Equity Redeemable Noncontrolling Interest 14.2 14.8 Stockholders' Equity Common stock: Class A, par value $ 0.01 per share, 14,030,000 shares outstanding (2023 - 13,715,755 shares outstanding) 0.1 0.1 Class B, par value $ 0.01 per share, convertible into Class A on a one-for-one basis, 3,465,026 shares outstanding (2023 - 3,469,875 shares outstanding) 0.1 0.1 Capital in excess of par value 345.1 327.7 Treasury stock ( 9.1 ) — Retained earnings 359.3 256.3 Accumulated other comprehensive loss ( 229.8 ) ( 194.3 ) Total Stockholders' Equity 465.7 389.9 Noncontrolling Interests 2.2 2.1 Total Permanent Equity 467.9 392.0 Total Liabilities and Equity $ 2,115.9 $ 2,079.1 See notes to unaudited condensed consolidated financial statements. 2 Table of C

View Full Filing

View this 10-Q filing on SEC EDGAR