Hyster-Yale Q2 Revenue Falls 15% to $812.9 Million, Beats Estimates

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2▲2 ▼1Impact / 5
Summary · why it matters

Hyster-Yale Materials Handling reported second-quarter revenues of $812.9 million, down 15% year on year but exceeding analysts' expectations by 1%, in what was a very strong quarter for the company with a beat of analysts' EPS estimates. The result was the slowest revenue growth among the 9 professional tools and equipment stocks tracked, a group whose revenues as a whole beat analysts' consensus estimates by 2.1% while next quarter's revenue guidance came in 14.3% above. Kennametal posted the group's best quarter, with revenues of $736.6 million, up 42.6% year on year and 1.3% ahead of expectations, alongside the fastest revenue growth and highest full-year guidance raise in the group. Lincoln Electric reported revenues of $1.22 billion, up 12% year on year and 4.6% above expectations, though it significantly missed analysts' organic revenue estimates, while Stanley Black & Decker reported revenues of $3.96 billion, flat year on year and in line with expectations, marking the weakest performance against analyst estimates of the whole group. Snap-on reported revenues of $1.33 billion, up 4.2% year on year and 1.1% above expectations. On average, shares of the group are down 9.1% since the latest earnings results; Hyster-Yale is down 9% since reporting and currently trades at $31.98.

Impact on assets 6

Industrials± Mixed · 3 stocks
Stanley Black & Decker Inc
SWK
▼ NegativeCapitalrelevance

Stanley Black & Decker posted flat revenue and the weakest performance against analyst estimates of the group.

Snap-On Inc
SNA
▲ PositiveCapitalrelevance

Snap-on revenue rose 4.2% YoY and came in 1.1% above expectations.

Fusion Energy▲ · 1 stocks
Kennametal Inc
KMT
▲ PositiveCapitalrelevance

Kennametal posted the group's best quarter with revenue up 42.6% YoY and the highest full-year guidance raise.

Robotics & Physical AI▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
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