Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q4 2023 Earnings Call Transcript

Ted Jackson: Right. And so that’s where I get into it kind of leading that would be in the second half of the year. Then we would be able to see kind of a book-to-bill number that would at least get back to one to where you’re essentially, you know what I’m saying you’re not eating through on a general holistic level. You won’t be eating through backlog anymore. Your backlog will be trending –

Alfred Rankin: It will be trending.

Ted Jackson: Kind of let’s just say —

Rajiv Prasad: I think if we achieve our booking target in 2024, our backlog ending 2024 will still be well above our desired level. And that we — on some of our most important lines, like the big trucks and the larger counterbalanced trucks and even our smaller counterbalanced trucks we don’t see normalization of backlog until early 2026. So there’ll still be over-optimal backlog until then. Does that help?

Ted Jackson: Okay. Yes, that does. And then a final question, because I know we’re out of time. Hold on. Just had it written down and I lost what it was I was going to ask you.

Christina Kmetko: We are going to need —

Ted Jackson: I can pick it up at another time. So anyway, thanks again.

Rajiv Prasad: Thanks, Ted.

Alfred Rankin: Thank you.

Christina Kmetko: With that, we’ll conclude our Q&A session. We thank you for participating. A replay of the call will be available later this morning. We’ll also post a transcript on our website when it becomes available. If you have any questions, please feel free to reach out to me. My information is on the press release and I hope you enjoy the rest of the day. I’ll now turn it back to our operator to conclude the call. Thank you.

Operator: Thank you. Ladies and gentlemen that does conclude our conference for today. Thank you all for participating. You may all disconnect.