UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

 _______________________________________________________________________________________________________________________________________________________________________________________________________

FORM 8-K

	
	
CURRENT REPORT	
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934	

	
			
Date of Report (Date of earliest event reported):	February 28, 2017	
 	 	 	
HYSTER-YALE MATERIALS HANDLING, INC.	
(Exact name of registrant as specified in its charter)	
 	 	 	
DELAWARE	000-54799	31-1637659	
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)	
 	 	 	
5875 LANDERBROOK DRIVE, SUITE 300, CLEVELAND, OHIO	44124-4069	
(Address of principal executive offices)	(Zip code)	
 	 	 	
(440) 449-9600	
(Registrant's telephone number, including area code)	
 	 	 	
N/A	
(Former name or former address, if changed since last report)	

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

	

Item 2.02 Results of Operations and Financial Condition and
Item 7.01 Regulation FD Disclosure.
    
On February 28, 2017 , Hyster-Yale Materials Handling, Inc. (the “Company”) will post on its website at www.hyster-yale.com additional historical quarterly financial data and update the schedules that were previously posted to the website for the fourth quarter 2016 results. A copy of the data is attached as Exhibit 99 to this Current Report on Form 8-K.

This Current Report on Form 8-K and the information attached hereto are being furnished by the Company pursuant to Item 2.02 of Form 8-K, insofar as they disclose historical information regarding the Company's results of operations.

The information in this Current Report on Form 8-K, including Exhibit 99, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

As described in Item 2.02 and 7.01 of this Current Report on Form 8-K, the following Exhibit is furnished as part of this Current Report on Form 8-K.

	
			
(d) Exhibits	 	 	
 	 	 	
99	 	Hyster-Yale Materials Handling, Inc. historical quarterly financial data, as posted on its website at www.hyster-yale.com on February 28, 2017.	

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	

Date:	February 28, 2017	 	HYSTER-YALE MATERIALS HANDLING, INC.	
 	 	 	 	
 	 	By:	/s/ Kenneth C. Schilling	
 	 	 	Name: Kenneth C. Schilling	
 	 	 	Title: Senior Vice President and Chief Financial Officer	

                            

EXHIBIT INDEX

	
			
Exhibit Number	 	Description	
 	 	 	
99	 	Hyster-Yale Materials Handling, Inc. historical quarterly financial data, as posted on its website at www.hyster-yale.com on February 28, 2017.	

    

	
																								
 	 	 	 	 	 	 	 	 	 	 	EXHIBIT 99	 	
Hyster-Yale Materials Handling, Inc.	
(in millions, except percentage data)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Backlog (in thousands)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	31.9		30.9		27.1		26.9		26.9		 	 	 	 	 	 	 	 	
2016	29.9		30.5		30.6		29.6		29.6		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Unit Shipments (in thousands)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	19.9		22.4		22.4		22.2		86.9		 	 	 	 	 	 	 	 	
2016	20.5		21.1		20.3		22.9		84.8		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - Americas	 	 	Revenues - Americas - % change yr. over yr.	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	415.9		463.9		454.1		441.6		1,775.5		 	2015	-9.0	 %	5.2	 %	-5.2	 %	-9.9	 %	-4.9	 %	 	
2016	417.2		411.8		408.4		431.8		1,669.2		 	2016	0.3	 %	-11.2	 %	-10.1	 %	-2.2	 %	-6.0	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - EMEA	 	 	Revenues - EMEA - % change yr. over yr.	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	157.6		146.2		145.1		157.5		606.4		 	2015	-6.7	 %	-20.6	 %	-11.3	 %	-7.1	 %	-11.6	 %	 	
2016	147.0		155.6		137.1		173.2		612.9		 	2016	-6.7	 %	6.4	 %	-5.5	 %	10.0	 %	1.1	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - JAPIC	 	 	Revenues - JAPIC - % change yr. over yr.	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	47.6		48.2		52.4		45.5		193.7		 	2015	-5.0	 %	-19.3	 %	-1.5	 %	-10.8	 %	-9.5	 %	 	
2016	39.7		39.1		46.2		44.5		169.5		 	2016	-16.6	 %	-18.9	 %	-11.8	 %	-2.2	 %	-12.5	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - Bolzoni (4)	 	 	Revenues - Bolzoni - % change yr. over yr. (4)	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2016	—		38.9		36.2		40.5		115.6		 	2016	—		n.m.	n.m.	n.m.	n.m.	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - Nuvera	 	 	Revenues - Nuvera - % change yr. over yr.	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	1.2		0.4		0.5		0.4		2.5		 	2015	n.m.	n.m.	n.m.	n.m.	n.m.	 	
2016	0.3		0.2		1.4		0.6		2.5		 	2016	n.m.	n.m.	n.m.	n.m.	n.m.	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - Consolidated	 	 	Revenues - Consolidated - % change yr. over yr.	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	622.3		658.7		652.1		645.0		2,578.1		 	2015	-7.9	 %	-3.8	 %	-6.3	 %	-9.2	 %	-6.8	 %	 	
2016	604.2		645.6		629.3		690.6		2,569.7		 	2016	-2.9	 %	-2.0	 %	-3.5	 %	7.1	 %	-0.3	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Gross Profit	 	 	Gross Profit %	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	102.9		110.6		106.7		110.6		430.8		 	2015	16.5	 %	16.8	 %	16.4	 %	17.1	 %	16.7	 %	 	
2016	97.9		114.0		104.6		111.0		427.5		 	2016	16.2	 %	17.7	 %	16.6	 %	16.1	 %	16.6	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Expenses	 	 	Operating Expenses as a % of revenues	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	81.9		83.3		77.7		84.4		327.3		 	2015	13.2	 %	12.6	 %	11.9	 %	13.1	 %	12.7	 %	 	
2016	88.2		102.6		99.2		102.6		392.6		 	2016	14.6	 %	15.9	 %	15.8	 %	14.9	 %	15.3	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Profit (Loss)	 	 	Operating Profit (Loss) %	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	21.0		27.3		29.0		26.2		103.5		 	2015	3.4	 %	4.1	 %	4.4	 %	4.1	 %	4.0	 %	 	
2016	9.7		11.4		5.4		8.4		34.9		 	2016	1.6	 %	1.8	 %	0.9	 %	1.2	 %	1.4	 %	 	

	
																								
Hyster-Yale Materials Handling, Inc.	
(in millions, except percentage data)	
 	 	 	 	 	 	
 	Interest (Income) Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	0.7		1.0		1.0		0.5		3.2		 	 	 	 	 	 	 	 	
2016	0.7		1.3		1.4		1.3		4.7		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Other (Income) Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	0.6		(1.1	)	(0.4	)	(3.3	)	(4.2	)	 	 	 	 	 	 	 	 	
2016	0.1		(1.7	)	(2.9	)	(3.6	)	(8.1	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Income (Loss) Before Taxes	 	 	Effective Income Tax Rate	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	19.7		27.4		28.4		29.0		104.5		 	2015	28.9	%	16.8	%	26.1	%	40.3	%	28.1	%	 	
2016	8.9		11.8		6.9		10.7		38.3		 	2016	n.m.	29.7	%	n.m.		n.m.		n.m.		 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Income (Loss) Attributable to Stockholders	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	13.9		22.7		20.9		17.2		74.7		 	 	 		 	 	 	 	
2016	10.0		8.3		12.3		12.2		42.8		 	 	 	 	 	 	 	 	

 	Depreciation and Amortization Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	7.3		7.6		7.2		6.8		28.9		 	 	 	 	 	 	 	 	
2016	6.9		10.2		11.6		10.4		39.1		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Working Capital (1)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	322.5		369.6		357.8		333.3		333.3		 	 	 	 	 	 	 	 	
2016	336.7		367.1		365.6		468.6		468.6		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Capital Expenditures	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	9.8		8.9		10.2		17.7		46.6		 	 	 	 	 	 	 	 	
2016	6.6		10.6		11.1		14.4		42.7		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Cash Provided By (Used For) Operating Activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	(3.4	)	0.6		34.1		58.1		89.4		 	 	 	 	 	 	 	 	
2016	(18.3	)	(4.6	)	45.8		(71.8	)	(48.9	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Cash Provided By (Used For) Investing Activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	(8.0	)	(1.7	)	(7.3	)	(14.3	)	(31.3	)	 	 	 	 	 	 	 	 	
2016	1.8		(118.0	)	(10.3	)	(18.6	)	(145.1	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Cash Flow Before Financing Activities (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	(11.4	)	(1.1	)	26.8		43.8		58.1		 	 	 	 	 	 	 	 	
2016	(16.5	)	(122.6	)	35.5		(90.4	)	(194.0	)	 	 	 	 	 	 	 	 	

	
																									
Hyster-Yale Materials Handling, Inc.	
(in millions, except percentage data)	
 	 	 	 	 	 	 	 	 	 	
 	Net Cash Provided By (Used For) Financing Activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015		(0.6	)	6.1		(10.3	)	(2.3	)	(7.1	)	 	 	 	 	 	 	 	 	
2016		(5.1	)	36.1		(3.0	)	49.9		77.9		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Dividends Paid to Stockholders	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015		4.5		4.7		4.6		4.6		18.4		 	 	 	 	 	 	 	 	
2016		4.7		4.8		4.8		4.9		19.2		 	 	 				 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Total Debt	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015		35.1		53.7		47.0		53.1		53.1		 	 	 	 	 		 	 	
2016		63.0		150.6		152.8		211.2		211.2		 	 	 	 	 		 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Equity	 	 	Return on Equity (3)	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015		422.0		457.9		458.4		462.7		462.7		 	2015	21.9	%	19.8	%	18.5	%	16.5	%	16.5	%	 	
2016		495.9		501.4		513.0		470.4		470.4		 	2016	15.4	%	11.9	%	9.8	%	8.8	%	8.8	%	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.	
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.	
(3	)	Return on equity is equal to the sum of the previous 4 quarters net income divided by average equity calculated over the last 5 quarters.	
(4	)	Bolzoni was acquired on April 1, 2016.	

	

Lift Truck Business	
(in millions, except percentage data)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Backlog (in thousands)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	31.9		30.9		27.1		26.9		26.9		 	 	 	 	 	 	 	 	
2016	29.9		30.5		30.6		29.6		29.6		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Unit Shipments (in thousands)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	19.9		22.4		22.4		22.2		86.9		 	 	 	 	 	 	 	 	
2016	20.5		21.1		20.3		22.9		84.8		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - Americas	 	 	Revenues - Americas - % change yr. over yr.	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	415.9		463.9		454.1		441.6		1,775.5		 	2015	-9.0	 %	5.2	 %	-5.2	 %	-9.9	 %	-4.9	 %	 	
2016	417.2		411.8		408.4		431.8		1,669.2		 	2016	0.3	 %	-11.2	 %	-10.1	 %	-2.2	 %	-6.0	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - EMEA	 	 	Revenues - EMEA - % change yr. over yr.	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	157.6		146.2		145.1		157.5		606.4		 	2015	-6.7	 %	-20.6	 %	-11.3	 %	-7.1	 %	-11.6	 %	 	
2016	147.0		155.6		137.1		173.2		612.9		 	2016	-6.7	 %	6.4	 %	-5.5	 %	10.0	 %	1.1	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - JAPIC	 	 	Revenues - JAPIC - % change yr. over yr.	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	47.6		48.2		52.4		45.5		193.7		 	2015	-5.0	 %	-19.3	 %	-1.5	 %	-10.8	 %	-9.5	 %	 	
2016	39.7		39.1		46.2		44.5		169.5		 	2016	-16.6	 %	-18.9	 %	-11.8	 %	-2.2	 %	-12.5	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues - Lift Truck Business	 	 	Revenues - Lift Truck Business - % change yr. over yr.	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	621.1		658.3		651.6		644.6		2,575.6		 	2015	-8.1	 %	-3.9	 %	-6.4	 %	-9.3	 %	-6.9	 %	 	
2016	603.9		606.5		591.7		649.5		2,451.6		 	2016	-2.8	 %	-7.9	 %	-9.2	 %	0.8	 %	-4.8	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Gross Profit	 	 	Gross Profit %	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	103.7		111.0		106.9		111.0		432.6		 	2015	16.7	 %	16.9	 %	16.4	 %	17.2	 %	16.8	 %	 	
2016	98.5		101.6		95.7		98.7		394.5		 	2016	16.3	 %	16.8	 %	16.2	 %	15.2	 %	16.1	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Expenses	 	 	Operating Expenses as a % of revenues	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	76.7		77.8		71.3		78.7		304.5		 	2015	12.3	 %	11.8	 %	10.9	 %	12.2	 %	11.8	 %	 	
2016	82.7		82.6		75.2		79.4		319.9		 	2016	13.7	 %	13.6	 %	12.7	 %	12.2	 %	13.0	 %	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Profit (Loss)	 	 	Operating Profit (Loss) %	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	27.0		33.2		35.6		32.3		128.1		 	2015	4.3	 %	5.0	 %	5.5	 %	5.0	 %	5.0	 %	 	
2016	15.8		19.0		20.5		19.3		74.6		 	2016	2.6	 %	3.1	 %	3.5	 %	3.0	 %	3.0	 %	 	

	
																								
Lift Truck Business	
(in millions, except percentage data)	
 	 	 	 	 	 	
 	Interest (Income) Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	0.7		1.0		1.0		0.5		3.2		 	 	 	 	 	 	 	 	
2016	0.7		0.9		1.2		1.1		3.9		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Other (Income) Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	0.6		(1.1	)	(0.4	)	(3.3	)	(4.2	)	 	 	 	 	 	 	 	 	
2016	0.1		(1.7	)	(2.9	)	(3.4	)	(7.9	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Income (Loss) Before Taxes	 	 	Effective Income Tax Rate	 	
 	Q1	Q2	Q3	Q4	FY	 	 	Q1	Q2	Q3	Q4	FY	 	
2015	25.7		33.3		35.0		35.1		129.1		 	2015	31.5	%	21.0	%	28.6	%	40.7	%	30.5	%	 	
2016	15.0		19.8		22.2		21.6		78.6		 	2016	22.7	%	34.3	%	n.m.		16.7	%	15.5	%	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Income (Loss) Attributable to Stockholders	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	17.5		26.2		24.9		20.7		89.3		 	 	 	 	 	 	 	 	
2016	13.7		13.1		21.9		18.2		66.9		 	 	 	 	 	 	 	 	

 	Depreciation and Amortization Expense	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	6.9		7.1		6.9		6.4		27.3		 	 	 	 	 	 	 	 	
2016	6.5		7.0		7.3		7.3		28.1		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Working Capital (1)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	318.7		365.3		353.3		327.2		327.2		 	 	 	 	 	 	 	 	
2016	328.1		319.7		306.7		409.1		409.1		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Capital Expenditures	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	9.8		7.9		9.6		16.6		43.9		 	 	 	 	 	 	 	 	
2016	6.0		9.7		9.5		11.3		36.5		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Cash Provided By (Used For) Operating Activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	1.1		3.6		38.0		63.3		106.0		 	 	 	 	 	 	 	 	
2016	(11.6	)	11.3		56.0		(73.3	)	(17.6	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Cash Provided By (Used For) Investing Activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	(8.0	)	(0.7	)	(6.8	)	(13.2	)	(28.7	)	 	 	 	 	 	 	 	 	
2016	2.4		(102.7	)	(9.0	)	(7.4	)	(116.7	)	 	 	 	 	 	 	 	 	

	
																				
Lift Truck Business	
(in millions, except percentage data)	
 	 	 	 	 	 	
 	Cash Flow Before Financing Activities (2)	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015		(6.9	)	2.9		31.2		50.1		77.3		 	 	 	 	 	 	 	 	
2016		(9.2	)	(91.4	)	47.0		(80.7	)	(134.3	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Cash Provided By (Used For) Financing Activities	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015		(4.3	)	2.1		(14.7	)	(8.5	)	(25.4	)	 	 	 	 	 	 	 	 	
2016		(12.3	)	(3.3	)	(13.4	)	37.2		8.2		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(1	)	Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable.	
(2	)	Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities.	

	
																				
Bolzoni   (1)	
(in millions, except percentage data)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		—		38.9		36.2		40.5		115.6		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Gross Profit (Loss)	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		—		12.8		9.2		13.7		35.7		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Expenses	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		—		12.1		11.7		12.0		35.8		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Profit (Loss)	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		—		0.7		(2.5	)	1.7		(0.1	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Income (Loss) Before Taxes	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		—		0.3		(2.7	)	1.7		(0.7	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Effective Income Tax Rate	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		—		33.3	%	18.5	%	n.m.		n.m.		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Income (Loss) Attributable to Stockholders	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2016		—		0.1		(2.0	)	1.6		(0.3	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(1	)	Bolzoni was acquired on April 1, 2016.	

	

Nuvera	
(in millions, except percentage data)	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Revenues	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	1.2		0.4		0.5		0.4		2.5		 	 	 	 	 	 	 	 	
2016	0.3		0.2		1.4		0.6		2.5		 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Gross Profit (Loss)	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	(0.8	)	(0.4	)	(0.2	)	(0.4	)	(1.8	)	 	 	 	 	 	 	 	 	
2016	(0.6	)	(0.4	)	(0.3	)	(1.4	)	(2.7	)	 	 		 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Expenses	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	5.2		5.5		6.4		5.7		22.8		 	 	 	 	 	 	 	 	
2016	5.5		7.9		12.3		11.2		36.9		 	 		 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Operating Profit (Loss)	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	(6.0	)	(5.9	)	(6.6	)	(6.1	)	(24.6	)	 	 	 	 	 	 	 	 	
2016	(6.1	)	(8.3	)	(12.6	)	(12.6	)	(39.6	)	 	 		 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Income (Loss) Before Taxes	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	(6.0	)	(5.9	)	(6.6	)	(6.1	)	(24.6	)	 	 	 	 	 	 	 	 	
2016	(6.1	)	(8.3	)	(12.6	)	(12.6	)	(39.6	)	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Effective Income Tax Rate	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	40.0	%	40.7	%	39.4	%	42.6	%	40.7	%	 	 	 	 	 	 	 	 	
2016	39.3	%	41.0	%	39.7	%	39.7	%	39.9	%	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	Net Income (Loss) Attributable to Stockholders	 	 	 	 	 	 	 	 	
 	Q1	Q2	Q3	Q4	FY	 	 	 	 	 	 	 	 	
2015	(3.6	)	(3.5	)	(4.0	)	(3.5	)	(14.6	)	 	 	 	 	 	 	 	 	
2016	(3.7	)	(4.9	)	(7.6	)	(7.6	)	(23.8	)