Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET

Company Participants

Christina Kmetko – Investment Relations

Rajiv K. Prasad – President

Scott A. Minder – SVP, CFO, and Treasurer

Alfred M. Rankin, Jr. – Chairman & CEO

Conference Call Participants

Stephen Ferazani - Sidoti & Company

Chip Moore - EF Hutton

Brett Kearney - Gabelli & Company

Operator

Ladies and gentlemen, welcome to the Hyster-Yale Materials Handling 2023 First Quarter's Earnings Call. My name is Glen, and I'll be the moderator for today's call. [Operator Instructions]. I will now hand you over to your host, Christina Kmetko, to begin. Christi, please go ahead.

Christina Kmetko

Thank you. Good morning, everyone and thanks for joining us today. Welcome to our 2023 first quarter earnings call. I'm Christina Kmetko, and I'm responsible for Investor Relations at Hyster-Yale. Joining me on today's call are Al Rankin, Chairman and Chief Executive Officer; Rajiv Prasad, President; and Scott Minder, our Senior Vice President, Chief Financial Officer and Treasurer. Yesterday evening, we published our first quarter 2023 results and filed our 10-Q, both of which are available on our website. Today's call is being recorded and webcast. The webcast will be on our website later this afternoon and available for approximately 12 months.

Our remarks that follow, including answers to your questions, contain forward-looking statements. These statements are subject to several risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements made here today. These risks include, among others, matters that we've described in our earnings release issued last night and in our 10-Q and other filings with the SEC. We disclaim any obligation to update these forward-looking statements, which may not be updated until our next quarterly earnings conference call, if at all. With the formalities out of the way, I'll turn the call over to Rajiv.

Rajiv K. Prasad

Thanks, Christi and good morning, everyone. I'll start by providing the operational perspective and some color commentary on our market. Scott would follow with detailed financial results and outlook, and I will close the call with a strategic perspective and take us into Q&A.

We had a very strong first quarter. I mentioned on our last quarterly call that we expected to build on our fourth quarter 2022's momentum, and we did. In fact, we did better than we expected in the first quarter. While Scott will cover the financial details, I'll share some highlights from my perspective.