$HY
HYSTER-YALE, INC. Stock $hy

$hy Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-Q Financial Statement

#000117351424000072 Filed on May 07, 2024

Income Statement

Concept	2024 Q1	2023 Q4
Revenue	$1.057B	$1.027B
YoY Change	5.72%	4.26%
Cost Of Revenue	$820.8M	$817.5M
YoY Change	-0.5%	-2.5%
Gross Profit	$235.7M	$209.7M
YoY Change	35.15%	42.94%
Gross Profit Margin	22.31%	20.41%
Selling, General & Admin	$151.9M	$161.0M
YoY Change	15.25%	26.87%
% of Gross Profit	64.45%	76.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$11.70M	$11.30M
YoY Change	4.46%	8.65%
% of Gross Profit	4.96%	5.39%
Operating Expenses	$151.9M	$161.0M
YoY Change	15.25%	26.87%
Operating Profit	$83.80M	$48.70M
YoY Change	96.71%	145.96%
Interest Expense	$8.900M	-$7.100M
YoY Change	-12.75%	-13.41%
% of Operating Profit	10.62%	-14.58%
Other Income/Expense, Net	-$6.900M	$100.0K
YoY Change	2.99%	-93.33%
Pretax Income	$76.90M	$41.70M
YoY Change	114.21%	218.32%
Income Tax	$25.10M	$16.00M
% Of Pretax Income	32.64%	38.37%
Net Earnings	$51.50M	$25.20M
YoY Change	93.61%	231.58%
Net Earnings / Revenue	4.87%	2.45%
Basic Earnings Per Share	$2.97
Diluted Earnings Per Share	$2.93	$1.43
COMMON SHARES
Basic Shares Outstanding	17.34M shares
Diluted Shares Outstanding	17.59M shares

Balance Sheet

Concept	2024 Q1	2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$62.20M	$78.80M
YoY Change	-3.72%	33.56%
Cash & Equivalents	$62.20M	$78.80M
Short-Term Investments
Other Short-Term Assets	$101.4M	$98.10M
YoY Change	14.71%	28.07%
Inventory	$841.9M	$815.7M
Prepaid Expenses
Receivables	$520.5M	$497.5M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.526B	$1.490B
YoY Change	-1.14%	2.15%
LONG-TERM ASSETS
Property, Plant & Equipment	$311.9M	$313.9M
YoY Change	2.53%	1.26%
Goodwill	$52.00M	$53.30M
YoY Change	-0.57%	3.9%
Intangibles	$37.30M	$39.30M
YoY Change	-12.65%	-7.96%
Long-Term Investments	$52.10M	$56.80M
YoY Change	-6.46%	-4.38%
Other Assets	$136.1M	$122.7M
YoY Change	38.59%	20.89%
Total Long-Term Assets	$592.4M	$589.0M
YoY Change	6.6%	3.79%
TOTAL ASSETS
Total Short-Term Assets	$1.526B	$1.490B
Total Long-Term Assets	$592.4M	$589.0M
Total Assets	$2.118B	$2.079B
YoY Change	0.91%	2.61%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$565.9M	$523.5M
YoY Change	-6.89%	-10.64%
Accrued Expenses	$51.60M	$87.40M
YoY Change	19.17%	35.71%
Deferred Revenue
YoY Change
Short-Term Debt	$69.80M	$83.30M
YoY Change	-49.96%	-39.24%
Long-Term Debt Due	$165.3M	$169.4M
YoY Change	3.51%	13.84%
Total Short-Term Liabilities	$1.221B	$1.219B
YoY Change	-11.88%	-9.26%
LONG-TERM LIABILITIES
Long-Term Debt	$239.7M	$241.3M
YoY Change	-8.3%	-9.63%
Other Long-Term Liabilities	$165.8M	$143.4M
YoY Change	30.35%	3.84%
Total Long-Term Liabilities	$165.8M	$143.4M
YoY Change	30.35%	3.84%
TOTAL LIABILITIES
Total Short-Term Liabilities	$1.221B	$1.219B
Total Long-Term Liabilities	$165.8M	$143.4M
Total Liabilities	$1.689B	$1.672B
YoY Change	-7.55%	-7.15%
SHAREHOLDERS EQUITY
Retained Earnings	$302.1M	$256.3M
YoY Change	73.92%	67.85%
Common Stock	$336.9M	$327.7M
YoY Change	11.04%	10.08%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$9.100M	$0.00
YoY Change	9000.0%
Treasury Stock Shares
Shareholders Equity	$412.1M	$389.9M
YoY Change
Total Liabilities & Shareholders Equity	$2.118B	$2.079B
YoY Change	0.91%	2.61%

Cashflow Statement

Concept	2024 Q1	2023 Q4
OPERATING ACTIVITIES
Net Income	$51.50M	$25.20M
YoY Change	93.61%	231.58%
Depreciation, Depletion And Amortization	$11.70M	$11.30M
YoY Change	4.46%	8.65%
Cash From Operating Activities	$22.40M	$45.60M
YoY Change	148.89%	623.81%
INVESTING ACTIVITIES
Capital Expenditures	$7.500M	$16.50M
YoY Change	127.27%	81.32%
Acquisitions
YoY Change
Other Investing Activities	$500.0K	$1.800M
YoY Change	-129.41%	100.0%
Cash From Investing Activities	-$7.000M	-$14.70M
YoY Change	40.0%	79.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$9.100M
YoY Change	9000.0%
Debt Paid & Issued, Net	$50.10M
YoY Change	28.79%
Cash From Financing Activities	-$30.50M	-31.40M
YoY Change	1120.0%	248.89%
NET CHANGE
Cash From Operating Activities	$22.40M	45.60M
Cash From Investing Activities	-$7.000M	-14.70M
Cash From Financing Activities	-$30.50M	-31.40M
Net Change In Cash	-$16.60M	-500.0K
YoY Change	-396.43%	-95.41%
FREE CASH FLOW
Cash From Operating Activities	$22.40M	$45.60M
Capital Expenditures	$7.500M	$16.50M
Free Cash Flow	$14.90M	$29.10M
YoY Change	161.4%	-1139.29%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q1	hy	Accrued Dividend To Redeemable Noncontrolling Interests AccruedDividendToRedeemableNoncontrollingInterests	200000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	51500000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	26600000	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	820800000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	235700000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	174400000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	151900000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	131800000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	83800000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	42600000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	8900000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	10200000	usd
CY2024Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1000000.0	usd
CY2023Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1800000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1000000.0	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1700000	usd
CY2024Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-6900000	usd
CY2023Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-6700000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	76900000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	35900000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	25100000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8700000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	51800000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	27200000	usd
CY2024Q1	us-gaap	Income Loss Attributable To Noncontrolling Interest IncomeLossAttributableToNoncontrollingInterest	200000	usd
CY2023Q1	us-gaap	Income Loss Attributable To Noncontrolling Interest IncomeLossAttributableToNoncontrollingInterest	200000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	-100000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	200000	usd
CY2024Q1	hy	Accrued Dividend To Redeemable Noncontrolling Interests AccruedDividendToRedeemableNoncontrollingInterests	200000	usd
CY2023Q1	hy	Accrued Dividend To Redeemable Noncontrolling Interests AccruedDividendToRedeemableNoncontrollingInterests	200000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	51500000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	26600000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	2.97
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.56
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.93
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.55
CY2024Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.3250
CY2023Q1	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.3225
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17339000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17049000.000	shares
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17592000	shares
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17214000	shares
CY2024Q1	us-gaap	Profit Loss ProfitLoss	51800000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-16700000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	11600000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	-15100000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax	1400000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-7300000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	-10900000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	800000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	600000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	28100000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	51700000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	200000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	200000	usd
CY2024Q1	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	-100000	usd
CY2023Q1	us-gaap	Net Income Loss Attributable To Redeemable Noncontrolling Interest NetIncomeLossAttributableToRedeemableNoncontrollingInterest	200000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	0	usd
CY2023Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest	200000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	27800000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	50900000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	51800000	usd
CY2023Q1	us-gaap	Profit Loss ProfitLoss	27200000	usd
CY2024Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11700000	usd
CY2023Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11200000	usd
CY2024Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	400000	usd
CY2023Q1	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	300000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-500000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-300000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	9200000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4900000	usd
CY2024Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	4400000	usd
CY2023Q1	us-gaap	Equity Method Investment Dividends Or Distributions EquityMethodInvestmentDividendsOrDistributions	5700000	usd
CY2024Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-4100000	usd
CY2023Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-2800000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	28200000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	12700000	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	37600000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	48100000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	7700000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Current Assets IncreaseDecreaseInOtherCurrentAssets	7400000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	45300000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	16200000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	-30500000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	9200000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	22400000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	9000000.0	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7500000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3300000	usd
CY2024Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	500000	usd
CY2023Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	400000	usd
CY2024Q1	us-gaap	Proceeds From Sales Of Business Affiliate And Productive Assets ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets	0	usd
CY2023Q1	us-gaap	Proceeds From Sales Of Business Affiliate And Productive Assets ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets	1100000	usd
CY2024Q1	us-gaap	Payments To Acquire Additional Interest In Subsidiaries PaymentsToAcquireAdditionalInterestInSubsidiaries	0	usd
CY2023Q1	us-gaap	Payments To Acquire Additional Interest In Subsidiaries PaymentsToAcquireAdditionalInterestInSubsidiaries	3200000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-7000000.0	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5000000.0	usd
CY2024Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	47200000	usd
CY2023Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	40300000	usd
CY2024Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	50100000	usd
CY2023Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	38900000	usd
CY2024Q1	us-gaap	Line Of Credit Facility Increase Decrease For Period Net LineOfCreditFacilityIncreaseDecreaseForPeriodNet	12800000	usd
CY2023Q1	us-gaap	Line Of Credit Facility Increase Decrease For Period Net LineOfCreditFacilityIncreaseDecreaseForPeriodNet	-1800000	usd
CY2024Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5700000	usd
CY2023Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5600000	usd
CY2024Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	9100000	usd
CY2023Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	100000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-30500000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-2500000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-1500000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	4100000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-16600000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	5600000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	78800000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	59000000.0	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	62200000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	64600000	usd
CY2023Q1	us-gaap	Minority Interest Decrease From Redemptions MinorityInterestDecreaseFromRedemptions	-4000000.0	usd
CY2023Q1	hy	Noncontrolling Interest Decrease From Sale NoncontrollingInterestDecreaseFromSale	700000	usd
CY2024Q1	us-gaap	Use Of Estimates UseOfEstimates	<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of the Company as of March 31, 2024 and the results of its operations and changes in equity for the three months ended March 31, 2024 and 2023, and the results of its cash flows for the three months ended March 31, 2024 and 2023 have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited condensed consolidated balance sheet at December 31, 2023 has been derived from the audited financial statements at that date but does not include all of the information or notes required by GAAP for complete financial statements.</span></div>
CY2024Q1	us-gaap	Deferred Revenue Period Increase Decrease DeferredRevenuePeriodIncreaseDecrease	-200000	usd
CY2024Q1	us-gaap	Deferred Revenue DeferredRevenue	80700000	usd
CY2024Q1	us-gaap	Revenues Revenues	1056500000	usd
CY2023Q1	us-gaap	Revenues Revenues	999300000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	83800000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	42600000	usd
CY2024Q1	us-gaap	Revenue Performance Obligation Description Of Timing RevenuePerformanceObligationDescriptionOfTiming	Revenue is recognized when obligations under the terms of a contract with the customer are satisfied, which occurs when control of the trucks, parts or services are transferred to the customer. Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods or providing services. The satisfaction of performance obligations under the terms of a revenue contract generally gives rise for the right to payment from the customer. The Company's standard payment terms vary by the type and location of the customer and the products or services offered. Generally, the time between when revenue is recognized and when payment is due is not significant. Given the insignificant days between revenue recognition and receipt of payment, financing components do not exist between the Company and its customers. Taxes collected from customers are excluded from revenue. The estimated costs of product warranties are recognized as expense when the products are sold. See Note 10 for further information on product warranties.
CY2024Q1	us-gaap	Revenue Performance Obligation Satisfied At Point In Time Transfer Of Control RevenuePerformanceObligationSatisfiedAtPointInTimeTransferOfControl	The majority of the Company's sales contracts contain performance obligations satisfied at a point in time when title and risks and rewards of ownership have transferred to the customer. Revenues for service contracts are recognized as the services are provided
CY2024Q1	us-gaap	Revenue Information Used To Assess Variable Consideration Constraint RevenueInformationUsedToAssessVariableConsiderationConstraint	The Company also records variable consideration in the form of estimated reductions to revenues for customer programs and incentive offerings, including special pricing agreements, promotions and other volume-based incentives. Lift truck sales revenue is recorded net of estimated discounts. The estimated discount amount is based upon historical experience and trend analysis for each lift truck model. In addition to standard discounts, dealers can also request additional discounts that allow them to offer price concessions to customers. From time to time, the Company offers special incentives to increase market share or dealer stock and offers certain customers volume rebates if a specified cumulative level of purchases is obtained.
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	0	usd
CY2024Q1	us-gaap	Revenues Revenues	1056500000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	0	usd
CY2023Q1	us-gaap	Revenues Revenues	999300000	usd
CY2024Q1	us-gaap	Revenue Performance Obligation Description Of Returns And Other Similar Obligations RevenuePerformanceObligationDescriptionOfReturnsAndOtherSimilarObligations	When customers are given the right to return eligible parts and accessories, the Company estimates the expected returns based on an analysis of historical experience. The Company adjusts estimated revenues at the earlier of when the most likely amount of consideration expected to be received changes or when the consideration becomes fixed.
CY2024Q1	us-gaap	Revenue Performance Obligation Satisfied Over Time Method Used Description RevenuePerformanceObligationSatisfiedOverTimeMethodUsedDescription	The Company recognizes revenue for extended warranty and maintenance agreements based on the standalone selling price over the life of the contract, which reflects the costs to perform under these contracts and corresponds with, and thereby depicts, the transfer of control to the customer.
CY2023Q4	us-gaap	Deferred Revenue DeferredRevenue	92500000	usd
CY2024Q1	us-gaap	Deferred Revenue Additions DeferredRevenueAdditions	13500000	usd
CY2024Q1	us-gaap	Deferred Revenue Revenue Recognized1 DeferredRevenueRevenueRecognized1	25100000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	76900000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	35900000	usd
CY2024Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	16100000	usd
CY2023Q1	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	7500000	usd
CY2024Q1	hy	Effective Income Tax Rate Reconciliation Interim Adjustment Amount EffectiveIncomeTaxRateReconciliationInterimAdjustmentAmount	200000	usd
CY2023Q1	hy	Effective Income Tax Rate Reconciliation Interim Adjustment Amount EffectiveIncomeTaxRateReconciliationInterimAdjustmentAmount	-300000	usd
CY2024Q1	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	5300000	usd
CY2023Q1	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-400000	usd
CY2024Q1	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	3400000	usd
CY2023Q1	us-gaap	Income Tax Reconciliation Other Adjustments IncomeTaxReconciliationOtherAdjustments	1700000	usd
CY2024Q1	hy	Effective Income Tax Rate Reconciliation Discrete Adjustments Amount EffectiveIncomeTaxRateReconciliationDiscreteAdjustmentsAmount	-100000	usd
CY2023Q1	hy	Effective Income Tax Rate Reconciliation Discrete Adjustments Amount EffectiveIncomeTaxRateReconciliationDiscreteAdjustmentsAmount	-200000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	25100000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8700000	usd
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.326
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.242
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	448100000	usd
CY2024Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	447300000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	466700000	usd
CY2023Q4	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	464000000	usd
CY2024Q1	us-gaap	Discussion Of Objectives For Using Interest Rate Derivative Instruments DiscussionOfObjectivesForUsingInterestRateDerivativeInstruments	The Company uses interest rate swap agreements to partially reduce risks related to floating rate financing agreements that are subject to changes in the market rate of interest. Terms of the interest rate swap agreements require the Company to receive a variable interest rate and pay a fixed interest rate. The Company's interest rate swap agreements and the associated variable rate financings are predominately based upon the one-month Secured Overnight Financing Rate ("SOFR"). Changes in the fair value of interest rate swap agreements that are effective as hedges are recorded in OCI. Deferred gains or losses are reclassified from OCI to the unaudited condensed consolidated statements of operations in the same period as the gains or losses from the underlying transactions are recorded and are generally recognized in interest expense.
CY2024Q1	us-gaap	Interest Rate Derivatives At Fair Value Net InterestRateDerivativesAtFairValueNet	13600000	usd
CY2023Q4	us-gaap	Interest Rate Derivatives At Fair Value Net InterestRateDerivativesAtFairValueNet	11900000	usd
CY2024Q1	us-gaap	Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet	6500000	usd
CY2024Q1	us-gaap	Derivative Instruments In Hedges Assets At Fair Value DerivativeInstrumentsInHedgesAssetsAtFairValue	19800000	usd
CY2023Q4	us-gaap	Derivative Instruments In Hedges Assets At Fair Value DerivativeInstrumentsInHedgesAssetsAtFairValue	23000000.0	usd
CY2024Q1	us-gaap	Derivative Instruments In Hedges Liabilities At Fair Value DerivativeInstrumentsInHedgesLiabilitiesAtFairValue	29500000	usd
CY2023Q4	us-gaap	Derivative Instruments In Hedges Liabilities At Fair Value DerivativeInstrumentsInHedgesLiabilitiesAtFairValue	24500000	usd
CY2024Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue	400000	usd
CY2023Q4	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue	3400000	usd
CY2024Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue	1100000	usd
CY2023Q4	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue	2200000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	20200000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	26400000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	30600000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Liability DerivativeFairValueOfDerivativeLiability	26700000	usd
CY2024Q1	hy	Derivative Asset Fair Value Gross Asset By Counterparty DerivativeAssetFairValueGrossAssetByCounterparty	14700000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	1100000	usd
CY2024Q1	us-gaap	Derivative Assets DerivativeAssets	13600000	usd
CY2024Q1	us-gaap	Derivative Assets DerivativeAssets	13600000	usd
CY2024Q1	hy	Derivative Liability Fair Value Gross Liability By Counterparty DerivativeLiabilityFairValueGrossLiabilityByCounterparty	25100000	usd
CY2024Q1	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	1100000	usd
CY2024Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	24000000.0	usd
CY2024Q1	us-gaap	Derivative Liabilities DerivativeLiabilities	24000000.0	usd
CY2023Q4	hy	Derivative Asset Fair Value Gross Asset By Counterparty DerivativeAssetFairValueGrossAssetByCounterparty	14400000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral	2500000	usd
CY2023Q4	us-gaap	Derivative Assets DerivativeAssets	11900000	usd
CY2023Q4	us-gaap	Derivative Assets DerivativeAssets	11900000	usd
CY2023Q4	hy	Derivative Liability Fair Value Gross Liability By Counterparty DerivativeLiabilityFairValueGrossLiabilityByCounterparty	14700000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral	2500000	usd
CY2023Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	12200000	usd
CY2023Q4	us-gaap	Derivative Liabilities DerivativeLiabilities	12200000	usd
CY2024Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-3300000	usd
CY2023Q1	us-gaap	Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet	-100000	usd
CY2024Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	453500000	usd
CY2023Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	395900000	usd
CY2024Q1	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	35200000	usd
CY2023Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	39200000	usd
CY2024Q1	us-gaap	Inventory Raw Materials And Purchased Parts Net Of Reserves InventoryRawMaterialsAndPurchasedPartsNetOfReserves	448100000	usd
CY2023Q4	us-gaap	Inventory Raw Materials And Purchased Parts Net Of Reserves InventoryRawMaterialsAndPurchasedPartsNetOfReserves	471500000	usd
CY2024Q1	us-gaap	Fifo Inventory Amount FIFOInventoryAmount	936800000	usd
CY2023Q4	us-gaap	Fifo Inventory Amount FIFOInventoryAmount	906600000	usd
CY2024Q1	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	94900000	usd
CY2023Q4	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	90900000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	841900000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	815700000	usd
CY2024Q1	us-gaap	Percentage Of Lifo Inventory PercentageOfLIFOInventory	0.52
CY2023Q4	us-gaap	Percentage Of Lifo Inventory PercentageOfLIFOInventory	0.49
CY2023Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	68100000	usd
CY2024Q1	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	14500000	usd
CY2024Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	100000	usd
CY2024Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	8800000	usd
CY2024Q1	us-gaap	Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss	-500000	usd
CY2024Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	73200000	usd
CY2024Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	161600000	usd
CY2023Q4	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	162400000	usd
CY2024Q1	hy	Guarantor Obligations Collateral GuarantorObligationsCollateral	218400000	usd
CY2024Q1	hy	Percentage Of Loan Losses Guaranteed PercentageOfLoanLossesGuaranteed	0.075
CY2024Q1	hy	Loan Losses Guaranteed LoanLossesGuaranteed	14000000	usd
CY2024Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	161600000	usd
CY2024Q1	hy	Guarantor Obligations Related Party Disclosures GuarantorObligationsRelatedPartyDisclosures	152500000	usd
CY2024Q1	us-gaap	Guarantee Obligations Maximum Exposure GuaranteeObligationsMaximumExposure	161600000	usd
CY2024Q1	hy	Guarantor Obligations Related Party Disclosures GuarantorObligationsRelatedPartyDisclosures	152500000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	8900000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	51500000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	26600000	usd
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	2.93
CY2024Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.326
CY2023Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.242
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	51500000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	26600000	usd
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001173514-24-000072-index-headers.html	Edgar Link	pending
0001173514-24-000072-index.html	Edgar Link	pending
0001173514-24-000072.txt	Edgar Link	pending
0001173514-24-000072-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
hy-20240331.htm	Edgar Link	pending
hy-20240331.xsd	Edgar Link	pending
hyex101q12024.htm	Edgar Link	pending
hyex102q12024.htm	Edgar Link	pending
hyex311q12024.htm	Edgar Link	pending
hyex312q12024.htm	Edgar Link	pending
hyex32q12024.htm	Edgar Link	pending
image_0.jpg	Edgar Link	pending
image_1.jpg	Edgar Link	pending
image_2.jpg	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
hy-20240331_def.xml	Edgar Link	unprocessable
hy-20240331_cal.xml	Edgar Link	unprocessable
hy-20240331_lab.xml	Edgar Link	unprocessable
hy-20240331_pre.xml	Edgar Link	unprocessable
hy-20240331_htm.xml	Edgar Link	completed
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
R9999.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$HY
HYSTER-YALE, INC. Stock $hy

2024 Q1 Form 10-Q Financial Statement

#000117351424000072 Filed on May 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HY HYSTER-YALE, INC. Stock $hy

2024 Q1 Form 10-Q Financial Statement

#000117351424000072 Filed on May 07, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$HY
HYSTER-YALE, INC. Stock $hy