8-K
HYSTER-YALE, INC. (HY)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
_______________________________________________________________________________________________________________________________________________________________________________________________________
FORM 8-K CURRENT REPORTPursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported): | May 7, 2024 | |
|---|---|---|
| HYSTER-YALE MATERIALS HANDLING, INC. | ||
| (Exact name of registrant as specified in its charter) | ||
| Delaware | 000-54799 | 31-1637659 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 5875 Landerbrook Drive, Suite 300 | ||
| Cleveland | (440) | |
| OH | 449-9600 | 44124-4069 |
| (Address of principal executive offices) | (Registrant's telephone number, including area code) | (Zip code) |
| N/A | ||
| (Former name or former address, if changed since last report) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Class A Common Stock, $0.01 par value per share | HY | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition and
Item 7.01 Regulation FD Disclosure.
On May 7, 2024, Hyster-Yale Materials Handling, Inc. (the “Company”) will post on its website at www.hyster-yale.com additional historical quarterly financial data and update the schedules that were previously posted to the website for the first quarter 2024 results. A copy of the data is attached as Exhibit 99 to this Current Report on Form 8-K.
This Current Report on Form 8-K and the information attached hereto are being furnished by the Company pursuant to Item 2.02 of Form 8-K, insofar as they disclose historical information regarding the Company's results of operations.
The information in this Current Report on Form 8-K, including Exhibit 99, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
As described in Item 2.02 and 7.01 of this Current Report on Form 8-K, the following Exhibit is furnished as part of this Current Report on Form 8-K.
| (d) Exhibits | |
|---|---|
| 99 | Hyster-Yale Materials Handling, Inc. historical quarterly financial data, as posted on its website at www.hyster-yale.com on May 7, 2024. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: | May 7, 2024 | HYSTER-YALE MATERIALS HANDLING, INC. | |
|---|---|---|---|
| By: | /s/ Dena R. McKee | ||
| Dena R. McKee | |||
| Title: Vice President, Controller and Chief Accounting Officer |
Document
EXHIBIT 99
| Hyster-Yale Materials Handling, Inc. | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions of , except percentage data) | |||||||||||||||
| Revenues - Consolidated - % change yr. over yr. | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 654.4 | 652.4 | 719.6 | 2,812.1 | 2020 | -5.9 | % | -23.6 | % | -14.8 | % | -13.8 | % | -14.6 | % |
| 2021 | 765.6 | 748.2 | 829.7 | 3,075.7 | 2021 | -6.8 | % | 17.0 | % | 14.7 | % | 15.3 | % | 9.4 | % |
| 2022 | 895.4 | 840.1 | 985.2 | 3,548.3 | 2022 | 13.0 | % | 17.0 | % | 12.3 | % | 18.7 | % | 15.4 | % |
| 2023 | 1,090.6 | 1,001.2 | 1,027.2 | 4,118.3 | 2023 | 20.7 | % | 21.8 | % | 19.2 | % | 4.3 | % | 16.1 | % |
| 2024 | 2024 | 5.7 | % | ||||||||||||
| Gross Profit % (6) | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 103.6 | 103.4 | 121.7 | 465.4 | 2020 | 17.4 | % | 15.8 | % | 15.8 | % | 16.9 | % | 16.5 | % |
| 2021 | 116.4 | 65.1 | 63.5 | 363.4 | 2021 | 16.2 | % | 15.2 | % | 8.7 | % | 7.7 | % | 11.8 | % |
| 2022 | 99.1 | 86.9 | 146.7 | 433.9 | 2022 | 12.2 | % | 11.1 | % | 10.3 | % | 14.9 | % | 12.2 | % |
| 2023 | 197.9 | 203.6 | 209.7 | 785.6 | 2023 | 17.5 | % | 18.1 | % | 20.3 | % | 20.4 | % | 19.1 | % |
| 2024 | 235.7 | 2024 | 22.3 | % | |||||||||||
| Operating Expenses as a % of Revenue (6)(7)(8) | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 94.9 | 96.1 | 108.0 | 415.5 | 2020 | 14.8 | % | 14.5 | % | 14.7 | % | 15.0 | % | 14.8 | % |
| 2021 | 110.5 | 119.4 | 170.5 | 515.7 | 2021 | 15.7 | % | 14.4 | % | 16.0 | % | 20.5 | % | 16.8 | % |
| 2022 | 114.8 | 111.8 | 126.9 | 473.0 | 2022 | 14.4 | % | 12.8 | % | 13.3 | % | 12.9 | % | 13.3 | % |
| 2023 | 139.1 | 145.0 | 161.0 | 576.9 | 2023 | 13.2 | % | 12.8 | % | 14.5 | % | 15.7 | % | 14.0 | % |
| 2024 | 2024 | 14.4 | % | ||||||||||||
| Operating Profit (Loss) % | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 8.7 | 7.3 | 13.7 | 49.9 | 2020 | 2.6 | % | 1.3 | % | 1.1 | % | 1.9 | % | 1.8 | % |
| 2021 | 5.9 | (54.3) | (107.0) | (152.3) | 2021 | 0.4 | % | 0.8 | % | -7.3 | % | -12.9 | % | -5.0 | % |
| 2022 | (15.7) | (24.9) | 19.8 | (39.1) | 2022 | -2.2 | % | -1.8 | % | -3.0 | % | 2.0 | % | -1.1 | % |
| 2023 | 58.8 | 58.6 | 48.7 | 208.7 | 2023 | 4.3 | % | 5.4 | % | 5.9 | % | 4.7 | % | 5.1 | % |
| 2024 | 2024 | 7.9 | % | ||||||||||||
| Q2 | Q3 | Q4 | FY | ||||||||||||
| 2020 | 3.0 | 2.7 | 2.8 | 12.3 | |||||||||||
| 2021 | 3.7 | 4.0 | 4.5 | 14.9 | |||||||||||
| 2022 | 5.9 | 7.3 | 9.2 | 27.3 | |||||||||||
| 2023 | 7.8 | 8.9 | 8.4 | 34.7 | |||||||||||
| 2024 | |||||||||||||||
| Effective Income Tax Rate (9) | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 1.7 | 6.4 | 14.4 | 42.2 | 2020 | 20.8 | % | n.m. | 10.9 | % | 8.3 | % | 8.8 | % | |
| 2021 | (0.1) | (56.3) | (107.0) | (154.9) | 2021 | 28.2 | % | n.m. | -36.4 | % | -7.3 | % | -18.3 | % | |
| 2022 | (21.8) | (32.4) | 13.1 | (62.4) | 2022 | -13.6 | % | 14.2% | -13.0 | % | 39.7 | % | -14.7 | % | |
| 2023 | 50.8 | 52.6 | 41.7 | 181.0 | 2023 | 24.2 | % | 23.6% | 30.8 | % | 38.4 | % | 29.2 | % | |
| 2024 | 2024 | 32.6 | % |
All values are in US Dollars.
| Hyster-Yale Materials Handling, Inc. | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions of , except percentage data) | |||||||||||||||
| Q2 | Q3 | Q4 | FY | ||||||||||||
| 2020 | 3.6 | 5.1 | 13.1 | 37.1 | |||||||||||
| 2021 | 1.9 | (77.2) | (103.3) | (173.0) | |||||||||||
| 2022 | (19.4) | (37.3) | 7.6 | (74.1) | |||||||||||
| 2023 | 38.3 | 35.8 | 25.2 | 125.9 | |||||||||||
| 2024 | |||||||||||||||
| Q2 | Q3 | Q4 | FY | ||||||||||||
| 2020 | 10.4 | 11.0 | 11.1 | 42.9 | |||||||||||
| 2021 | 11.6 | 11.4 | 11.5 | 46.2 | |||||||||||
| 2022 | 11.0 | 10.9 | 10.4 | 43.4 | |||||||||||
| 2023 | 11.3 | 11.3 | 11.3 | 45.1 | |||||||||||
| 2024 | |||||||||||||||
| Net Working Capital as % of Revenue (2) | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 577.4 | 517.5 | 493.4 | 493.4 | 2020 | 18.4 | % | 19.0 | % | 17.7 | % | 17.5 | % | 17.5 | % |
| 2021 | 645.9 | 692.4 | 697.0 | 697.0 | 2021 | 19.6 | % | 22.8 | % | 23.3 | % | 22.7 | % | 22.7 | % |
| 2022 | 751.9 | 686.2 | 715.7 | 715.7 | 2022 | 22.2 | % | 22.8 | % | 20.2 | % | 20.2 | % | 20.2 | % |
| 2023 | 809.0 | 777.8 | 783.0 | 783.0 | 2023 | 20.5 | % | 20.7 | % | 19.1 | % | 19.0 | % | 19.0 | % |
| 2024 | 2024 | 18.9 | % | ||||||||||||
| Q2 | Q3 | Q4 | FY | ||||||||||||
| 2020 | 12.3 | 7.3 | 14.5 | 51.7 | |||||||||||
| 2021 | 10.4 | 11.4 | 14.8 | 44.3 | |||||||||||
| 2022 | 5.6 | 4.4 | 9.1 | 28.8 | |||||||||||
| 2023 | 7.3 | 8.3 | 16.5 | 35.4 | |||||||||||
| 2024 | |||||||||||||||
| Q2 | Q3 | Q4 | FY | ||||||||||||
| 2020 | 33.7 | 88.1 | 90.8 | 166.9 | |||||||||||
| 2021 | (53.6) | (91.1) | (61.7) | (253.5) | |||||||||||
| 2022 | (58.9) | 34.1 | 6.3 | 40.6 | |||||||||||
| 2023 | 35.8 | 60.3 | 45.6 | 150.7 | |||||||||||
| 2024 | |||||||||||||||
| Q2 | Q3 | Q4 | FY | ||||||||||||
| 2020 | (5.9) | (6.5) | (13.9) | (43.7) | |||||||||||
| 2021 | (8.7) | (10.9) | (14.4) | (24.5) | |||||||||||
| 2022 | (13.6) | (4.3) | (8.2) | (35.4) | |||||||||||
| 2023 | (6.9) | (7.9) | (14.7) | (34.5) | |||||||||||
| 2024 |
All values are in US Dollars.
| Hyster-Yale Materials Handling, Inc. | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions of , except percentage data) | ||||||||||||||
| Q3 | Q4 | FY | ||||||||||||
| 2020 | 81.6 | 76.9 | 123.2 | |||||||||||
| 2021 | (102.0) | (76.1) | (278.0) | |||||||||||
| 2022 | 29.8 | (1.9) | 5.2 | |||||||||||
| 2023 | 52.4 | 30.9 | 116.2 | |||||||||||
| 2024 | ||||||||||||||
| Q3 | Q4 | FY | ||||||||||||
| 2020 | (53.5) | (21.5) | (40.6) | |||||||||||
| 2021 | 77.2 | 78.9 | 193.6 | |||||||||||
| 2022 | (35.4) | (9.0) | (10.9) | |||||||||||
| 2023 | (40.2) | (31.4) | (100.5) | |||||||||||
| 2024 | ||||||||||||||
| Q3 | Q4 | FY | ||||||||||||
| 2020 | 5.4 | 5.3 | 21.3 | |||||||||||
| 2021 | 5.5 | 5.4 | 21.6 | |||||||||||
| 2022 | 5.5 | 5.4 | 21.8 | |||||||||||
| 2023 | 5.6 | 5.6 | 22.3 | |||||||||||
| 2024 | ||||||||||||||
| Debt to Total Capitalization (4) | ||||||||||||||
| Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 297.7 | 289.2 | 289.2 | 2020 | 38.5 | % | 37.5 | % | 33.1 | % | 30.8 | % | 30.8 | % |
| 2021 | 428.0 | 518.5 | 518.5 | 2021 | 31.7 | % | 35.4 | % | 45.6 | % | 57.5 | % | 57.5 | % |
| 2022 | 545.0 | 552.9 | 552.9 | 2022 | 57.7 | % | 72.2 | % | 80.1 | % | 71.1 | % | 71.1 | % |
| 2023 | 510.6 | 494.0 | 494.0 | 2023 | 67.3 | % | 63.9 | % | 61.4 | % | 54.8 | % | 54.8 | % |
| 2024 | 2024 | 52.5 | % | |||||||||||
| Return on Equity (5) | ||||||||||||||
| Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 602.6 | 651.1 | 651.1 | 2020 | 8.6 | % | 6.3 | % | 4.8 | % | 6.3 | % | 6.3 | % |
| 2021 | 510.2 | 382.9 | 382.9 | 2021 | 4.6 | % | 4.2 | % | -9.4 | % | -31.0 | % | -31.0 | % |
| 2022 | 121.5 | 210.9 | 210.9 | 2022 | -40.9 | % | -54.0 | % | -58.8 | % | -29.1 | % | -29.1 | % |
| 2023 | 306.2 | 392.0 | 392.0 | 2023 | -9.8 | % | 16.1 | % | 45.6 | % | 43.1 | % | 43.1 | % |
| 2024 | 2024 | 45.4 | % | |||||||||||
| (1) | ||||||||||||||
| (2) | ||||||||||||||
| (3) | ||||||||||||||
| (4) | ||||||||||||||
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| (6) | ||||||||||||||
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| (9) |
All values are in US Dollars.
| Hyster-Yale Materials Handling, Inc. | ||||||
|---|---|---|---|---|---|---|
| (in millions of , except percentage data) | ||||||
| Non-GAAP Reconciliation of ROTCE | ||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | LTM<br><br>3/31/24 (4) | |
| Average Stockholders' Equity (1) | 527.8 | 554.5 | 525.5 | 241.9 | 288.9 | 330.5 |
| Average Debt (1) | 324.0 | 310.3 | 373.4 | 535.2 | 532.2 | 516.5 |
| Average Cash (1) | (63.4) | (83.4) | (93.8) | (66.8) | (69.3) | (69.9) |
| Average Capital Employed | 788.4 | 781.4 | 805.1 | 710.3 | 751.8 | 777.1 |
| Net Income (Loss) | 35.8 | 37.1 | (173.0) | (74.1) | 125.9 | 150.8 |
| Plus: Interest Expense, Net | 18.0 | 12.3 | 14.9 | 27.3 | 34.7 | 32.9 |
| Less: Income Taxes on Interest Expense, Net | (4.7) | (3.2) | (3.9) | (6.8) | (8.7) | (8.2) |
| Actual Return on Capital Employed (2) | 49.1 | 46.2 | (162.0) | (53.6) | 151.9 | 175.5 |
| Actual Return on Total Capital Employed Percentage (3) | 6.2% | 5.9% | (20.1)% | (7.5)% | 20.2% | 22.6% |
| (1) | ||||||
| (2) | ||||||
| (3) | ||||||
| (4) |
All values are in US Dollars.
| Lift Truck Business | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions of , except percentage data) | |||||||||||||||
| Q2 | Q3 | Q4 | FY | ||||||||||||
| 2020 | 31.5 | 33.6 | 40.6 | 40.6 | |||||||||||
| 2021 | 84.9 | 98.8 | 105.3 | 105.3 | |||||||||||
| 2022 | 112.0 | 108.2 | 102.1 | 102.1 | |||||||||||
| 2023 | 92.8 | 85.3 | 78.4 | 78.4 | |||||||||||
| 2024 | |||||||||||||||
| Q2 | Q3 | Q4 | FY | ||||||||||||
| 2020 | 20.1 | 20.6 | 21.5 | 85.5 | |||||||||||
| 2021 | 22.7 | 23.2 | 26.7 | 94.9 | |||||||||||
| 2022 | 25.3 | 24.5 | 27.1 | 100.8 | |||||||||||
| 2023 | 27.7 | 25.7 | 23.6 | 102.2 | |||||||||||
| 2024 | |||||||||||||||
| Revenues - Americas - % change yr. over yr. | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 454.8 | 426.9 | 458.8 | 1,891.2 | 2020 | 3.0 | % | -15.4 | % | -15.6 | % | -15.9 | % | -10.9 | % |
| 2021 | 479.1 | 494.3 | 551.5 | 1,984.6 | 2021 | -16.5 | % | 5.3 | % | 15.8 | % | 20.2 | % | 4.9 | % |
| 2022 | 596.6 | 571.3 | 679.8 | 2,405.4 | 2022 | 21.3 | % | 24.5 | % | 15.6 | % | 23.3 | % | 21.2 | % |
| 2023 | 788.5 | 716.5 | 708.4 | 2,899.3 | 2023 | 23.0 | % | 32.2 | % | 25.4 | % | 4.2 | % | 20.5 | % |
| 2024 | 2023 | 12.2 | % | ||||||||||||
| Revenues - EMEA - % change yr. over yr. | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 120.1 | 143.8 | 172.6 | 588.6 | 2020 | -20.0 | % | -40.6 | % | -11.1 | % | -12.5 | % | -21.6 | % |
| 2021 | 175.1 | 153.4 | 179.7 | 678.9 | 2021 | 12.2 | % | 45.8 | % | 6.7 | % | 4.1 | % | 15.3 | % |
| 2022 | 184.8 | 159.4 | 190.3 | 704.2 | 2022 | -0.6 | % | 5.5 | % | 3.9 | % | 5.9 | % | 3.7 | % |
| 2023 | 200.6 | 183.9 | 221.1 | 820.5 | 2023 | 26.6 | % | 8.5 | % | 15.4 | % | 16.2 | % | 16.5 | % |
| 2024 | 2023 | -7.2 | % | ||||||||||||
| Revenues - JAPIC - % change yr. over yr. | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 48.0 | 48.0 | 52.5 | 193.1 | 2020 | -29.7 | % | -34.2 | % | -17.0 | % | -5.6 | % | -22.7 | % |
| 2021 | 65.0 | 56.1 | 52.3 | 233.9 | 2021 | 35.7 | % | 35.4 | % | 16.9 | % | -0.4 | % | 21.1 | % |
| 2022 | 64.9 | 65.5 | 67.9 | 250.0 | 2022 | -14.5 | % | -0.2 | % | 16.8 | % | 29.8 | % | 6.9 | % |
| 2023 | 49.6 | 51.6 | 52.0 | 201.1 | 2023 | -7.4 | % | -23.6 | % | -21.2 | % | -23.4 | % | -19.6 | % |
| 2024 | 2023 | -21.3 | % | ||||||||||||
| Revenues - Lift Truck Business - % change yr. over yr. | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 622.9 | 618.7 | 683.9 | 2,672.9 | 2020 | -5.2 | % | -23.4 | % | -14.7 | % | -14.3 | % | -14.4 | % |
| 2021 | 719.2 | 703.8 | 783.5 | 2,897.4 | 2021 | -7.6 | % | 15.5 | % | 13.8 | % | 14.6 | % | 8.4 | % |
| 2022 | 846.3 | 796.2 | 938.0 | 3,359.6 | 2022 | 12.8 | % | 17.7 | % | 13.1 | % | 19.7 | % | 16.0 | % |
| 2023 | 1,038.7 | 952.0 | 981.5 | 3,920.9 | 2023 | 21.8 | % | 22.7 | % | 19.6 | % | 4.6 | % | 16.7 | % |
| 2024 | 2023 | 6.1 | % | ||||||||||||
| Gross Profit % | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 94.8 | 94.3 | 112.2 | 424.8 | 2020 | 16.5 | % | 15.2 | % | 15.2 | % | 16.4 | % | 15.9 | % |
| 2021 | 103.2 | 66.9 | 54.4 | 329.9 | 2021 | 15.3 | % | 14.3 | % | 9.5 | % | 6.9 | % | 11.4 | % |
| 2022 | 81.3 | 74.6 | 129.2 | 371.0 | 2022 | 11.0 | % | 9.6 | % | 9.4 | % | 13.8 | % | 11.0 | % |
| 2023 | 177.0 | 186.0 | 192.8 | 711.4 | 2023 | 16.4 | % | 17.0 | % | 19.5 | % | 19.6 | % | 18.1 | % |
| 2024 | 2024 | 21.4 | % |
All values are in US Dollars.
| Lift Truck Business | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions of , except percentage data) | ||||||||||||||
| Operating Expenses as a % of revenues(1) | ||||||||||||||
| Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 78.1 | 87.8 | 339.2 | 2020 | 12.8 | % | 12.5 | % | 12.6 | % | 12.8 | % | 12.7 | % |
| 2021 | 88.2 | 147.6 | 416.8 | 2021 | 13.5 | % | 12.2 | % | 12.5 | % | 18.8 | % | 14.4 | % |
| 2022 | 89.8 | 102.0 | 381.4 | 2022 | 12.4 | % | 11.0 | % | 11.3 | % | 10.9 | % | 11.4 | % |
| 2023 | 120.9 | 138.6 | 481.8 | 2023 | 11.4 | % | 11.0 | % | 12.7 | % | 14.1 | % | 12.3 | % |
| 2024 | 2023 | 12.5 | % | |||||||||||
| Operating Profit (Loss) %(1) | ||||||||||||||
| Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 16.2 | 24.4 | 85.6 | 2020 | 3.7 | % | 2.7 | % | 2.6 | % | 3.6 | % | 3.2 | % |
| 2021 | (21.3) | (93.2) | (86.9) | 2021 | 1.8 | % | 2.1 | % | -3.0 | % | -11.9 | % | -3.0 | % |
| 2022 | (15.2) | 27.2 | (10.4) | 2022 | -1.4 | % | -1.4 | % | -1.9 | % | 2.9 | % | -0.3 | % |
| 2023 | 65.1 | 54.2 | 229.6 | 2023 | 5.0 | % | 6.0 | % | 6.8 | % | 5.5 | % | 5.9 | % |
| 2024 | 2024 | 8.9 | % | |||||||||||
| (1) |
All values are in US Dollars.
| Bolzoni | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (in millions of , except percentage data) | |||||||||||||||
| Revenues - Bolzoni - % change yr. over yr. | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 64.2 | 63.3 | 68.3 | 283.7 | 2020 | -4.2 | % | -29.3 | % | -16.5 | % | -21.5 | % | -17.9 | % |
| 2021 | 84.8 | 90.0 | 93.5 | 347.8 | 2021 | -9.6 | % | 32.1 | % | 42.2 | % | 36.9 | % | 22.6 | % |
| 2022 | 86.4 | 82.2 | 92.0 | 355.7 | 2022 | 19.6 | % | 1.9 | % | -8.7 | % | -1.6 | % | 2.3 | % |
| 2023 | 96.6 | 92.8 | 87.3 | 375.3 | 2023 | 3.7 | % | 11.8 | % | 12.9 | % | -5.1 | % | 5.5 | % |
| 2024 | 2024 | -2.4 | % | ||||||||||||
| Gross Profit % | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 11.5 | 12.1 | 12.9 | 53.4 | 2020 | 19.2 | % | 17.9 | % | 19.1 | % | 18.9 | % | 18.8 | % |
| 2021 | 15.8 | 15.2 | 14.1 | 61.5 | 2021 | 20.6 | % | 18.6 | % | 16.9 | % | 15.1 | % | 17.7 | % |
| 2022 | 18.9 | 13.7 | 19.3 | 70.7 | 2022 | 19.8 | % | 21.9 | % | 16.7 | % | 21.0 | % | 19.9 | % |
| 2023 | 22.6 | 19.5 | 19.4 | 82.2 | 2023 | 21.0 | % | 23.4 | % | 21.0 | % | 22.2 | % | 21.9 | % |
| 2024 | 2024 | 22.7 | % | ||||||||||||
| Operating Expenses as a % of revenues | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | 12.0 | 12.0 | 14.2 | 52.4 | 2020 | 16.2 | % | 18.7 | % | 19.0 | % | 20.8 | % | 18.5 | % |
| 2021 | 16.2 | 15.2 | 16.3 | 63.3 | 2021 | 19.6 | % | 19.1 | % | 16.9 | % | 17.4 | % | 18.2 | % |
| 2022 | 15.5 | 15.0 | 17.3 | 64.5 | 2022 | 17.6 | % | 17.9 | % | 18.2 | % | 18.8 | % | 18.1 | % |
| 2023 | 17.2 | 16.6 | 16.8 | 66.9 | 2023 | 16.5 | % | 17.8 | % | 17.9 | % | 19.2 | % | 17.8 | % |
| 2024 | 2024 | 19.2 | % | ||||||||||||
| Operating Profit (Loss) % | |||||||||||||||
| Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY | |||||||
| 2020 | (0.5) | 0.1 | (1.3) | 1.0 | 2020 | 3.1 | % | -0.8 | % | 0.2 | % | -1.9 | % | 0.4 | % |
| 2021 | (0.4) | — | (2.2) | (1.8) | 2021 | 1.0 | % | -0.5 | % | — | % | -2.4 | % | -0.5 | % |
| 2022 | 3.4 | (1.3) | 2.0 | 6.2 | 2022 | 2.2 | % | 3.9 | % | -1.6 | % | 2.2 | % | 1.7 | % |
| 2023 | 5.4 | 2.9 | 2.6 | 15.3 | 2023 | 4.5 | % | 5.6 | % | 3.1 | % | 3.0 | % | 4.1 | % |
| 2024 | 2024 | 3.4 | % |
All values are in US Dollars.
| Nuvera | |||
|---|---|---|---|
| (in millions of , except percentage data) | |||
| Q3 | Q4 | FY | |
| 2020 | 0.7 | 1.1 | 3.9 |
| 2021 | 0.2 | 0.2 | 0.7 |
| 2022 | 1.2 | 1.3 | 3.4 |
| 2023 | 1.5 | 0.2 | 4.3 |
| 2024 | |||
| Q3 | Q4 | FY | |
| 2020 | (2.7) | (3.7) | (12.2) |
| 2021 | (16.5) | (4.4) | (26.7) |
| 2022 | (2.0) | (1.7) | (7.2) |
| 2023 | (1.9) | (2.4) | (8.2) |
| 2024 | |||
| Q3 | Q4 | FY | |
| 2020 | 6.0 | 6.0 | 23.9 |
| 2021 | 16.0 | 6.6 | 35.6 |
| 2022 | 7.0 | 7.6 | 27.1 |
| 2023 | 7.5 | 5.6 | 28.2 |
| 2024 | |||
| Q3 | Q4 | FY | |
| 2020 | (8.7) | (9.7) | (36.1) |
| 2021 | (32.5) | (11.0) | (62.3) |
| 2022 | (9.0) | (9.3) | (34.3) |
| 2023 | (9.4) | (8.0) | (36.4) |
| 2024 | |||
| (1) | |||
| (2) |
All values are in US Dollars.