Hyster-Yale Q3 Non-GAAP EPS Misses by 37 Cents as Revenue Falls

Hyster-Yale Materials Handling posted a third-quarter non-GAAP loss of 77 cents per share, missing estimates by 37 cents, as revenue fell 15.5% year over year to $827.4 million.

Revenue also came in $99.05 million below estimates. Non-GAAP EPS is a per-share earnings measure calculated using a company’s non-GAAP methodology.

Bookings reached $550 million, up 45% from a year earlier. The quarter marked a fourth consecutive period of elevated bookings after a cyclical low.