Hyster-Yale Files Q3 2024 10-Q
Ticker: HY · Form: 10-Q · Filed: Nov 5, 2024 · CIK: 1173514
| Field | Detail |
|---|---|
| Company | Hyster-Yale, Inc. (HY) |
| Form Type | 10-Q |
| Filed Date | Nov 5, 2024 |
| Risk Level | medium |
| Pages | 17 |
| Reading Time | 20 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, industrial-trucks
TL;DR
Hyster-Yale filed its Q3 2024 10-Q. Check financials.
AI Summary
Hyster-Yale, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position. Key financial data points and disclosures relevant to investors are included in this report.
Why It Matters
This filing provides investors with the latest financial performance data for Hyster-Yale, Inc., crucial for understanding the company's operational health and future prospects.
Risk Assessment
Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal risks or opportunities impacting the company's stock.
Key Numbers
- 2024-09-30 — Reporting Period End Date (The end date for the financial reporting period covered by this 10-Q.)
- 2024-11-05 — Filing Date (The date this 10-Q report was officially filed with the SEC.)
Key Players & Entities
- HYSTER-YALE, INC. (company) — Filer
- 20240930 (date) — Reporting Period End Date
- 20241105 (date) — Filing Date
- CLEVELAND (location) — Company Headquarters City
FAQ
What is the primary business of Hyster-Yale, Inc.?
Hyster-Yale, Inc. is primarily involved in the industrial trucks, tractors, trailers, and stackers industry, as indicated by its SIC code [3537].
What is the fiscal year end for Hyster-Yale, Inc.?
The fiscal year end for Hyster-Yale, Inc. is December 31.
When was Hyster-Yale, Inc. previously known by other names?
Hyster-Yale, Inc. was formerly known as HYSTER-YALE MATERIALS HANDLING, INC. (effective 2012-10-03) and NMHG HOLDING CO (effective 2002-05-15).
What is the SEC file number for Hyster-Yale, Inc.?
The SEC file number for Hyster-Yale, Inc. is 000-54799.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending September 30, 2024.
Filing Stats: 4,983 words · 20 min read · ~17 pages · Grade level 6.6 · Accepted 2024-11-05 06:35:06
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-20240930.htm (10-Q) — 1872KB
- hyex101q32024.htm (EX-10.1) — 6KB
- hyex311q32024.htm (EX-31.1) — 11KB
- hyex312q32024.htm (EX-31.2) — 11KB
- hyex32q32024.htm (EX-32) — 8KB
- 0001173514-24-000144.txt ( ) — 8269KB
- hy-20240930.xsd (EX-101.SCH) — 33KB
- hy-20240930_cal.xml (EX-101.CAL) — 68KB
- hy-20240930_def.xml (EX-101.DEF) — 348KB
- hy-20240930_lab.xml (EX-101.LAB) — 534KB
- hy-20240930_pre.xml (EX-101.PRE) — 431KB
- hy-20240930_htm.xml (XML) — 1466KB
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 SEPTEMBER 30 2024 DECEMBER 31 2023 (In millions, except share data) ASSETS Current Assets Cash and cash equivalents $ 75.6 $ 78.8 Accounts receivable, net 542.5 497.5 Inventories, net 855.3 815.7 Prepaid expenses and other 85.9 98.1 Total Current Assets 1,559.3 1,490.1 Property, Plant and Equipment, Net 316.9 313.9 Intangible Assets, Net 36.3 39.3 Goodwill 58.2 53.3 Deferred Income Taxes 2.8 3.0 Investments in Unconsolidated Affiliates 59.7 56.8 Other Non-current Assets 139.2 122.7 Total Assets $ 2,172.4 $ 2,079.1 LIABILITIES AND EQUITY Current Liabilities Accounts payable $ 527.9 $ 523.5 Accounts payable, affiliates 6.0 6.7 Revolving credit facilities 78.5 83.3 Short-term debt and current maturities of long-term debt 142.6 169.4 Accrued payroll 82.5 87.4 Deferred revenue 64.3 77.9 Other current liabilities 246.9 270.4 Total Current Liabilities 1,148.7 1,218.6 Long-term Debt 247.4 241.3 Self-insurance Liabilities 38.3 51.1 Pension Obligations 5.1 5.2 Deferred Income Taxes 11.9 12.7 Other Long-term Liabilities 172.0 143.4 Total Liabilities 1,623.4 1,672.3 Temporary Equity Redeemable Noncontrolling Interest 15.0 14.8 Stockholders' Equity Common stock: Class A, par value $ 0.01 per share, 14,043,484 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, 3,457,663 shares outstanding (2023 - 3,469,875 shares outstanding) 0.1 0.1 Capital in excess of par value 349.3 327.7 Treasury stock ( 8.7 ) — Retained earnings 370.4 256.3 Accumulated other comprehensive loss ( 181.3 ) ( 194.3 ) Total Stockholders' Equity 529.9 389.9 Noncontrolling Interests 4.1 2.1 Total Permanent Equity 534.0 392.0 Total Liabilities and Equity $ 2,172.4 $ 2,079.1 See notes to unaudited condensed consolidated financial statements. 2 Table