Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET
Company Participants
Christina Kmetko - Investor Relations Consultant
Rajiv Prasad - President & CEO
Scott Minder - CFO, SVP & Treasurer
Alfred Rankin - Chairman
Conference Call Participants
Chip Moore - ROTH Capital
Operator
Good morning, ladies and gentlemen, and welcome to the Hyster-Yale Inc. Second Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question-and-answer session. [Operator Instructions]. This call is being recorded August 7, 2024.
I would now like to turn the conference over to Christina Kmetko, Investor Relations.
Christina Kmetko
Good morning, and thank you for joining us for Hyster-Yale's 2024 second quarter earnings call. I'm Christina Kmetko, and I'm responsible for Investor Relations. Yesterday evening, we published our second quarter 2024 results and filed our 10-Q. These documents are available on the Hyster-Yale website.
We're recording this webcast, and a replay will be on our website later this afternoon. The replay will remain available for approximately 12 months. I'd like to remind you that our remarks today, including answers to any questions, will include comments related to expected future results of the company and our therefore forward-looking statements.
Our actual results may differ materially from our forward-looking statements due to a wide range of risks and uncertainties that are described in our earnings release, 10-Q and other SEC filings. We may not update these forward-looking statements until our next quarterly earnings conference call.
Our presenters today are Al Rankin, Executive Chairman, Rajiv Prasad, President and Chief Executive Officer, and Scott Minder, our Senior Vice President and Chief Financial Officer, and Treasurer.
With the formalities out of the way, let me turn the call over to Rajiv to begin.
Rajiv Prasad
Thank you, Christi, and good morning, everyone. I'll start by providing the operational perspective and some commentary on our markets. Scott will follow with the detailed financial results and outlook. Al will close the call with his perspective and then we'll open it up for your questions.
Let's start with some second quarter highlights. I'm pleased to say that we again generated exceptionally strong quarterly results and exceeded our expectations. Revenue growth continued and profits were up significantly versus prior year. In fact, our second quarter consolidated operating profit and margins reached higher levels than ever before. Scott will have more detail on this later in the call.