Quarter Highlights:
Q4 2020 consolidated revenues decreased 13.8% from Q4 2019 due to lower shipments resulting from the continuing effects of very low bookings during the peak period of the global pandemic shutdowns, as well as the pace of the subsequent forklift truck market recovery
Q4 2020 consolidated operating profit increased to $13.7 million from $8.1 million in Q4 2019, driven by an 18.9% decrease in operating expenses primarily due to cost containment actions taken to mitigate the impact of the COVID-19 pandemic, partly offset by a 13.8% decrease in gross profit mainly as a result of lower unit shipment volumes
Q4 2020 net income of $13.1 million, or $0.78 per share, increased from $3.4 million, or $0.20 per share in Q4 2019, and improved from Q3 2020 net income of $5.1 million, or $0.30 per share
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Forklift Truck Market research report provides a profound overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, and gross margin. This marketing report is very crucial in several ways for business growth and to thrive in the market. These strategies mainly include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost their footprints in this market. An influential Forklift Truck Market report not only lends a hand for intelligent decision making but also better manages marketing of goods and services which leads to growth in the business.
The research report on the Forklift Truck market unearths the competitive terrain of the industry, which is inclusive of organizations like Jungheinrich AG, Hyster-Yale Group, Inc. (a subsidiary of Hyster-Yale Materials Handling, Inc.), KION GROUP AG, Lift Technologies, Inc, Crown Equipment Corporation, CLA
Hyster-Yale CEO Adds Materials Handling President Title
The lift truck and aftermarket parts supplier said the added title for Rajiv Prasad better reflects his role.
Feb 19th, 2021
Hyster-Yale Materials Handling
CLEVELAND, OH The board of Directors of Hyster-Yale Materials Handling, Inc. announced Feb. 18 that Rajiv Prasad, President and chief executive officer of the Company s wholly-owned operating subsidiary, Hyster-Yale Group, Inc., has been appointed President of Hyster-Yale Materials Handling effective immediately. He will
Prasadhold this new position along with his current position at Hyster-Yale Group. The Board of Directors indicated that this new title better reflects Prasad s broad role within Hyster-Yale Materials Handling, which includes oversight responsibilities for all of the Company s subsidiaries, including its forklift truck business, Hyster-Yale Group, Inc., the Company s attachment business, Bolzoni, S.p.A., and the Company s fuel cell business, Nuvera
Forklift Truck Market Continues To Grow Owing To the Rising Demand from Various Construction Sectors, Rapid Acquisitions, and Partnership between Key Players Backed By Favorable Government Policies menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
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Study with depth analysis, describing about the Service & Industry demand and explain market outlook and status to 2027. The market Study is segmented by key regions which are accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are dominating the Market by its Growth, Share Values and Many More. The report Describes by size, industry status, scope and Demand forecast, competition landscape and growth opportunity. This research report categorizes the by companies, region, type and end-use industry.
Statistical Overview Report 2021 gives an outstanding tool for market Survey, openings, and vital key and strategic basic leadership. This report perceives that in this quickly advancing and competitive scenario by up-coming data on the basis of research execution and settled on basic choices for development and benefit. It gives data on Latest trends and advancements and sheds light on various sectors,