Hyster-yale materials handling announces fourth quarter and full year 2023 results

Q4 and full-year 2023 highlights:   q4 consolidated operating profit of $48.7 million up 146% from q4 2022, despite $9.6 million of equity incentive compensation expense specifically due to appreciation in the company's stock price during q4 2023 q4 consolidated revenue growth of $42 million, or 4%, compared with q4 2022 q4 lift truck operating profit of $54.2 million and margin of 5.5% increased significantly over q4 2022 due to improved product margins average sales price per backlog unit up 16% over q4 2022 and 2% over q3 2023 q4 consolidated net income of $25.2 increased from $7.6 million in q4 2022 full-year net income of $125.9 million increased by $200 million from 2022 loss of $74.1 million full-year 2024 consolidated net income expected to be comparable to 2023 results cleveland , feb. 27, 2024 /prnewswire/ -- hyster-yale materials handling, inc. (nyse: hy) reported the following consolidated results for the three months and year ended december 31, 2023. all comparisons are to the three months ended december 31, 2022, unless otherwise noted.
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