What trends are visible in HY's annual earnings?

Hyster-Yale Materials Handling (HY) has shown mixed trends in its annual earnings over the past few years. Here are the key points to consider: 1. **Revenue Growth**: Hyster-Yale's revenues have grown at a tepid rate, with a compounded annual growth rate (CAGR) of 5.5% over the last five years. This is below the benchmark for the industrials sector and suggests a lack of strong demand for its products and services. 2. **Earnings Performance**: The company's earnings have grown by 13% over the past year. However, the forecast for the next three years is disappointing, with an expected decline of 6.7% per year. 3. **Recent Performance**: Hyster-Yale's stock has experienced a significant drop, with a 27.8% decline over the past six months. This decline in stock price may reflect investor concerns about the company's long-term growth prospects. 4. **Financial Health**: Despite the challenges, Hyster-Yale has maintained a healthy current ratio of 1.36 and a strong return on equity (ROE) of 38%, indicating good financial health. The company has also consistently paid dividends for 14 years, with 11 years of consecutive increases. In conclusion, while Hyster-Yale has shown some growth in its annual earnings, the recent trends suggest that the company may face challenges in the near future. The decline in stock price and the forecasted decline in earnings may make the stock risky for some investors. However, the company's financial health and consistent dividend payments provide some stability.