Hyster-yale materials handling announces third quarter 2022 results

Highlights:   q3 2022 consolidated revenues of $840.1 million increased 12.3% over q3 2021 primarily due to increased lift truck prices and parts volumes across all geographic segments q3 2022 consolidated operating loss of $24.9 million improved by nearly $30 million versus q3 2021, which included $24.8 million of non-cash charges at nuvera q3 2022 lift truck consolidated operating results improved versus prior year and were ahead of company expectations, despite $10.8 million of unfavorable currency effects q3 2022 net debt reduction of $28.6 million compared with q2 2022 the lift truck business expects a return to profitability in q4 2022 driven by higher margins as the company continues to work through its extended backlog q3 2022 average sales price/unit of backlog increased 38% over q3 2021, 8.5% over q2 2022 despite fewer higher-priced bookings cleveland , nov. 1, 2022 /prnewswire/ -- hyster-yale materials handling, inc. (nyse: hy) today announced the following consolidated results for the three months ended september 30, 2022: three months ended ($ in millions except per share amounts) 9/30/22 9/30/21 chg. '22 vs '21 fav (unfav) revenues $840.1 $748.2 $91.9 operating loss $(24.9) $(54.3) $29.4 net loss $(37.3) $(77.2) $39.9 earnings (loss) per share $(2.20) $(4.59) $2.39 the three months ended 2021 net loss included a $38.4 million charge to establish a valuation allowance on certain deferred assets.
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