Hyster-yale announces second quarter 2024 results

Q2 2024 consolidated highlights: continued consolidated revenue growth of more than 7% over q2 2023 operating profit of $95.6 million, up 63% from q2 2023, and ahead of expectations operating profit margin of 8.2%, up from 5.4% in q2 2023 net income of $63.3 million, up 65%, from q2 2023 cleveland , aug. 6, 2024 /prnewswire/ -- hyster-yale, inc. (nyse: hy) reported the following consolidated results for the three months ended june 30, 2024. three months ended ($ in millions except per share amounts) 6/30/24 6/30/23 % change 3/31/24 % change revenues $1,168.1 $1,090.6 7 % $1,056.5 11 % operating profit $95.6 $58.8 63 % $83.8 14 % net income $63.3 $38.3 65 % $51.5 23 % diluted earnings per share $3.58 $2.21 62 % $2.93 22 % effective may 31, 2024, the company changed its name to hyster-yale, inc. and changed the name of its lift truck business to hyster-yale materials handling, inc. lift truck business results revenues by geographic segment were as follows: ($ in millions) q2 2024 q2 2023 % change q1 2024 % change revenues $1,118.0 $1,038.7 8 % $1,006.8 11 %    americas(1) $881.5 $788.5 12 % $769.7 15 %    emea(1) $187.8 $200.6 (6) % $199.4 (6) %    japic(1) $48.7 $49.6 (2) % $37.7 29 % (1)  the americas segment includes the north america, latin america and brazil markets, emea includes operations in the europe, middle east andafrica markets, and japic includes operations in the asia and pacific markets, including china lift truck revenues were 8% higher than q2 2023 due to higher average sales prices and the favorable impact of reduced dealer incentive programs.
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