Hyster-Yale Gets a Big Bottom-Line Lift
Hyster-Yale Materials Handling (NYSE: HY) has taken what many would see as a boring business and turned it into a moneymaker. Forklifts might not be sexy, but they're essential for supply-chain management for a large portion of the industrial economy, and Hyster-Yale's efforts to keep up with technological advances have been important in keeping the company competitive -- even when weakness in its customer base has held back growth from time to time.
Coming into Tuesday's second-quarter financial report, Hyster-Yale investors wanted to see sizable gains on the earnings front, but even the most optimistic of shareholders was surprised by how well the company did. Let's take a closer look at Hyster-Yale and what its latest results say about its prospects.
Image source: Hyster-Yale.
Source: Fool.com
