$HY
HYSTER-YALE, INC.

2024 Q3 Form 10-Q Financial Statement

#000117351424000144 Filed on November 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q3
Revenue $1.016B
YoY Change 1.49%
Cost Of Revenue $823.2M
YoY Change 3.21%
Gross Profit $192.9M
YoY Change -5.26%
Gross Profit Margin 18.98%
Selling, General & Admin $159.8M
YoY Change 10.21%
% of Gross Profit 82.84%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.70M
YoY Change 3.54%
% of Gross Profit 6.07%
Operating Expenses $159.8M
YoY Change 10.21%
Operating Profit $33.10M
YoY Change -43.52%
Interest Expense $8.400M
YoY Change -12.5%
% of Operating Profit 25.38%
Other Income/Expense, Net -$5.000M
YoY Change -16.67%
Pretax Income $28.10M
YoY Change -46.58%
Income Tax $10.30M
% Of Pretax Income 36.65%
Net Earnings $17.20M
YoY Change -51.96%
Net Earnings / Revenue 1.69%
Basic Earnings Per Share $0.98
Diluted Earnings Per Share $0.97
COMMON SHARES
Basic Shares Outstanding 17.50M shares
Diluted Shares Outstanding 17.75M shares

Balance Sheet

Concept 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.60M
YoY Change -3.32%
Cash & Equivalents $75.60M
Short-Term Investments
Other Short-Term Assets $85.90M
YoY Change -9.86%
Inventory $855.3M
Prepaid Expenses
Receivables $542.5M
Other Receivables $0.00
Total Short-Term Assets $1.559B
YoY Change 3.89%
LONG-TERM ASSETS
Property, Plant & Equipment $316.9M
YoY Change 6.09%
Goodwill $58.20M
YoY Change 14.12%
Intangibles $36.30M
YoY Change -8.79%
Long-Term Investments $59.70M
YoY Change 10.15%
Other Assets $139.2M
YoY Change 31.44%
Total Long-Term Assets $613.1M
YoY Change 11.03%
TOTAL ASSETS
Total Short-Term Assets $1.559B
Total Long-Term Assets $613.1M
Total Assets $2.172B
YoY Change 5.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $527.9M
YoY Change -2.28%
Accrued Expenses $82.50M
YoY Change 17.35%
Deferred Revenue
YoY Change
Short-Term Debt $78.50M
YoY Change -23.26%
Long-Term Debt Due $142.6M
YoY Change -13.63%
Total Short-Term Liabilities $1.149B
YoY Change -11.6%
LONG-TERM LIABILITIES
Long-Term Debt $247.4M
YoY Change 1.73%
Other Long-Term Liabilities $172.0M
YoY Change 31.6%
Total Long-Term Liabilities $172.0M
YoY Change 31.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.149B
Total Long-Term Liabilities $172.0M
Total Liabilities $1.623B
YoY Change -6.3%
SHAREHOLDERS EQUITY
Retained Earnings $370.4M
YoY Change 56.49%
Common Stock $349.3M
YoY Change 11.81%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.700M
YoY Change
Treasury Stock Shares
Shareholders Equity $529.9M
YoY Change
Total Liabilities & Shareholders Equity $2.172B
YoY Change 5.81%

Cashflow Statement

Concept 2024 Q3
OPERATING ACTIVITIES
Net Income $17.20M
YoY Change -51.96%
Depreciation, Depletion And Amortization $11.70M
YoY Change 3.54%
Cash From Operating Activities $70.10M
YoY Change 16.25%
INVESTING ACTIVITIES
Capital Expenditures $10.20M
YoY Change 22.89%
Acquisitions
YoY Change
Other Investing Activities -$1.800M
YoY Change -550.0%
Cash From Investing Activities -$12.00M
YoY Change 51.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -50.80M
YoY Change 26.37%
NET CHANGE
Cash From Operating Activities 70.10M
Cash From Investing Activities -12.00M
Cash From Financing Activities -50.80M
Net Change In Cash 7.300M
YoY Change -40.16%
FREE CASH FLOW
Cash From Operating Activities $70.10M
Capital Expenditures $10.20M
Free Cash Flow $59.90M
YoY Change 15.19%

Facts In Submission

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ComprehensiveIncomeNetOfTax
16400000 usd
us-gaap Profit Loss
ProfitLoss
102400000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33800000 usd
us-gaap Amortization Of Financing Costs
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us-gaap Share Based Compensation
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14000000.0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21900000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
6500000 usd
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
5900000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
105100000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18900000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1200000 usd
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
0 usd
us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
130700000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
157200000 usd
us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
7400000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17900000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1300000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
100000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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dei Document Fiscal Year Focus
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2024
CY2023Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
497500000 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
98100000 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
1559300000 usd
CY2024Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
349300000 usd
CY2024Q3 us-gaap Treasury Stock Value
TreasuryStockValue
8700000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
370400000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
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CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
529900000 usd
CY2024Q3 us-gaap Minority Interest
MinorityInterest
4100000 usd
CY2024Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
534000000.0 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2172400000 usd
CY2024Q3 us-gaap Revenues
Revenues
1016100000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
192900000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
203600000 usd
CY2024Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
159800000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
475400000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
415900000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
33100000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
58600000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
8400000 usd
us-gaap Interest Expense
InterestExpense
28200000 usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3600000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2024Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28100000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10300000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
17800000 usd
CY2024Q3 us-gaap Income Loss Attributable To Noncontrolling Interest
IncomeLossAttributableToNoncontrollingInterest
100000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
300000 usd
CY2024Q3 hy Accrued Dividend To Redeemable Noncontrolling Interests
AccruedDividendToRedeemableNoncontrollingInterests
200000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
17200000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
CY2024Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.3500
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
17500000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
17752000 shares
CY2024Q3 us-gaap Profit Loss
ProfitLoss
17800000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
26700000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
14000000.0 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
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CY2024Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
800000 usd
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
2500000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
66300000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
100000 usd
CY2024Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
300000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
300000 usd
CY2024Q3 hy Accrued Dividend To Redeemable Noncontrolling Interests
AccruedDividendToRedeemableNoncontrollingInterests
200000 usd
CY2023Q3 hy Accrued Dividend To Redeemable Noncontrolling Interests
AccruedDividendToRedeemableNoncontrollingInterests
200000 usd
CY2024Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToNoncontrollingInterest
400000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65300000 usd
us-gaap Profit Loss
ProfitLoss
133500000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
35800000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
21900000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4400000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
10500000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-24100000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-14800000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
38200000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
41500000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-100000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2100000 usd
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
90000000.0 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
29900000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
1400000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2200000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 usd
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
1100000 usd
us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
3200000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
103800000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
119900000 usd
us-gaap Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
34100000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16700000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
1300000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
9100000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-300000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3000000.0 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3200000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
19200000 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
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-4000000.0 usd
hy Noncontrolling Interest Decrease From Sale
NoncontrollingInterestDecreaseFromSale
700000 usd
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
2200000 usd
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 September 30, 2024 and the results of its operations and changes in equity for the three and nine months ended September 30, 2024 and 2023, and the results of its cash flows for the nine months ended September 30, 2024 and 2023 have been included. These unaudited condensed consolidated financial statements should be read in conjunction </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
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.
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
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.
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 usd
CY2024Q3 us-gaap Revenues
Revenues
1016100000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 usd
CY2023Q3 us-gaap Revenues
Revenues
1001200000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 usd
us-gaap Revenues
Revenues
3240700000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
0 usd
us-gaap Revenues
Revenues
3091100000 usd
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.
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
us-gaap Deferred Revenue Additions
DeferredRevenueAdditions
48900000 usd
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
64000000.0 usd
us-gaap Deferred Revenue Period Increase Decrease
DeferredRevenuePeriodIncreaseDecrease
-200000 usd
CY2024Q3 us-gaap Deferred Revenue
DeferredRevenue
77200000 usd
CY2024Q3 us-gaap Revenues
Revenues
1016100000 usd
CY2023Q3 us-gaap Revenues
Revenues
1001200000 usd
us-gaap Revenues
Revenues
3240700000 usd
us-gaap Revenues
Revenues
3091100000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
33100000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
58600000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
212500000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
160000000.0 usd
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
28100000 usd
CY2024Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
6000000.0 usd
CY2023Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
11100000 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
41000000.0 usd
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
29300000 usd
CY2024Q3 hy Effective Income Tax Rate Reconciliation Interim Adjustment Amount
EffectiveIncomeTaxRateReconciliationInterimAdjustmentAmount
0 usd
CY2024Q3 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
4000000.0 usd
CY2024Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
600000 usd
CY2024Q3 hy Effective Income Tax Rate Reconciliation Discrete Adjustments Amount
EffectiveIncomeTaxRateReconciliationDiscreteAdjustmentsAmount
300000 usd
CY2023Q3 hy Effective Income Tax Rate Reconciliation Discrete Adjustments Amount
EffectiveIncomeTaxRateReconciliationDiscreteAdjustmentsAmount
1200000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10300000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.367
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
200000 usd
us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
2100000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
443200000 usd
CY2024Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
442700000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
466700000 usd
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.
CY2024Q3 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
7800000 usd
CY2023Q4 us-gaap Interest Rate Derivatives At Fair Value Net
InterestRateDerivativesAtFairValueNet
11900000 usd
CY2024Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
4600000 usd
CY2024Q3 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
16600000 usd
CY2023Q4 us-gaap Derivative Instruments In Hedges Assets At Fair Value
DerivativeInstrumentsInHedgesAssetsAtFairValue
23000000.0 usd
CY2024Q3 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
10100000 usd
CY2023Q4 us-gaap Derivative Instruments In Hedges Liabilities At Fair Value
DerivativeInstrumentsInHedgesLiabilitiesAtFairValue
24500000 usd
CY2024Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
2300000 usd
CY2023Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
3400000 usd
CY2024Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
1900000 usd
CY2023Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
2200000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
18900000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
26400000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
12000000.0 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
26700000 usd
CY2024Q3 hy Derivative Asset Fair Value Gross Asset By Counterparty
DerivativeAssetFairValueGrossAssetByCounterparty
10300000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
2500000 usd
CY2024Q3 us-gaap Derivative Assets
DerivativeAssets
7800000 usd
CY2024Q3 us-gaap Derivative Assets
DerivativeAssets
7800000 usd
CY2024Q3 hy Derivative Liability Fair Value Gross Liability By Counterparty
DerivativeLiabilityFairValueGrossLiabilityByCounterparty
3400000 usd
CY2024Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
2500000 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
900000 usd
CY2024Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
900000 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
CY2024Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
3900000 usd
CY2023Q3 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-3100000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1400000 usd
us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-7800000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
455000000.0 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
395900000 usd
CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
41400000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
39200000 usd
CY2024Q3 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
460000000.0 usd
CY2023Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
471500000 usd
CY2024Q3 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
956400000 usd
CY2023Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
906600000 usd
CY2024Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
101100000 usd
CY2023Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
90900000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
855300000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
815700000 usd
CY2024Q3 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.53
CY2023Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.49
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
68100000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
37600000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-1400000 usd
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
24500000 usd
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-400000 usd
CY2024Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
82200000 usd
CY2024Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
205500000 usd
CY2023Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
162400000 usd
hy Guarantor Obligations Collateral
GuarantorObligationsCollateral
257000000.0 usd
hy Percentage Of Loan Losses Guaranteed
PercentageOfLoanLossesGuaranteed
0.075
CY2024Q3 hy Loan Losses Guaranteed
LoanLossesGuaranteed
16500000 usd
CY2024Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
205500000 usd
hy Guarantor Obligations Related Party Disclosures
GuarantorObligationsRelatedPartyDisclosures
175600000 usd
CY2024Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
205500000 usd
hy Guarantor Obligations Related Party Disclosures
GuarantorObligationsRelatedPartyDisclosures
175600000 usd
CY2024Q3 us-gaap Revenues
Revenues
1016100000 usd
CY2023Q3 us-gaap Revenues
Revenues
1001200000 usd
us-gaap Revenues
Revenues
3240700000 usd
us-gaap Revenues
Revenues
3091100000 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
8400000 usd
us-gaap Interest Expense
InterestExpense
26100000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
17200000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
35800000 usd
us-gaap Net Income Loss
NetIncomeLoss
132000000.0 usd
us-gaap Net Income Loss
NetIncomeLoss
100700000 usd
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.47
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.367
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.308
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.315
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.265
CY2023Q3 us-gaap Revenues
Revenues
1001200000 usd
CY2023Q3 us-gaap Revenues
Revenues
1001200000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
17200000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
35800000 usd
us-gaap Revenues
Revenues
3091100000 usd
us-gaap Revenues
Revenues
3091100000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
160000000.0 usd
us-gaap Net Income Loss
NetIncomeLoss
132000000.0 usd
us-gaap Net Income Loss
NetIncomeLoss
100700000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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