Hyster-Yale Materials Handling announced consolidated revenues of $629.3 million and consolidated net income of $12.3 million for Q3/16 compared with consolidated revenues of $652.1 million and consolidated net income of $20.9 million for Q3/15.

The lift truck business reported net income of $21.9 million and revenues of $591.7 million for Q3/16 compared with net income of $24.9 million and revenues of $651.6 million for Q3/15. Lift truck operating profit was $20.5 million for Q3/16 compared with $35.6 million for Q3/15. Lift truck revenues and operating profit decreased as a result of lower shipments and deal-specific price reductions.

Consolidated worldwide new unit shipments decreased to approximately 20,300 units in Q3/16 from approximately 22,400 units in Q3/15.

Q3/16 bookings were approximately 20,400 units, or approximately $480 million, compared with approximately 18,600 units, or approximately $450 million, for Q3/15. Worldwide backlog was approximately 30,600 units, or approximately $730 million, at September 30, 2016 compared with approximately 27,100 units, or approximately $670 million, at September 30, 2015 and approximately 30,500 units, or approximately $715 million, at June 30, 2016.