 CLEVELAND, May 4, 2021 PRNewswire -- Quarter Highlights: Significant increases in unit shipments in EMEA and JAPIC over Q1 2020 were more than offset by a substantial decrease in unit shipments in the Americas due to significant supply chain constraints resulting from the pace of the economic recovery Q1 2021 consolidated revenues decreased 6.8 from very strong Q1 2020 revenues due to lower shipments in the Americas Q1 2021 consolidated operating profit decreased to 3.1 million from 20.2 million in Q1 2020, driven by lower unit volumes, as well as higher manufacturing variances and material and freight costs of 5.2 million and 4.9 million, respectively, partly offset by lower operating expenses despite the add back of 9.0 million of incentive compensation that was suspended in 2020 Q1 2021 consolidated other income includes a 4.6 million gain on sale of Nuveras investment in preferred shares of OneH2, as well as gains from favorable changes to market values of other equity investments Q1 2021 net income of 5.6 million, or 0.33 per share, decreased from 15.3 million, or 0.91 per share, in Q1 2020 Hyster-Yale Materials Handling, Inc. NYSE: HY today announced consolidated revenues of 732.2 million and consolidated net income of 5.6 million, or 0.33 per diluted share, for the first quarter of 2021 compared with consolidated revenues of 785.7 million and consolidated net income of 15.3 million, or 0.91 per diluted share, for the first quarter of 2020. Consolidated operating profit decreased to 3.1 million in 2021 from 20.2 million in 2020. 