The article also said next years earnings will be 20 cents below this years earnings. But it didn't explain the reasons for next years drop in earnings. I guess figuring any industrial company's earnings in an uncertain economic climate is a crap shoot anyway. This is the type of company that does very well or very poorly depending on the big macro events. In case things don't work out very well, have a Smucker or Kellogg in your portfolio for every Hyster or Eaton that you own.
Results are out. Substantially better results than our analyst was estimating. Sales down just a bit, but profit percentage from 4.1% to 4.4% (nice improvement!), and market share was also up. Europe's sales down because Europe is down, but market share there is static and everywhere else is up. NO DEBT!!! Cash on hand is greater than all of their minimal debt.