Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc. engages in the manufacture of lift trucks. The firm provides an array of solutions aimed at meeting the specific materials handling needs of its customers including attachments and hydrogen fuel cell power products, telematics, automation and fleet management services, and a variety of other power options for its lift trucks. It designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, and aftermarket parts marketed primarily under the Hyster and Yale brand names. The company was founded in 1999 and is headquartered in Cleveland, OH.

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Hyster-Yale reports solid Q4, eyes debt reduction and automation

HY's strong Q4 performance and strategic focus on profitability and debt reduction position the company for growth.
Challenges include managing cost inflation, recession impacts, and working capital trends for sustained performance.
Opportunities lie in technology investments, automation, and attachment sales growth, driving efficiency and competitive advantage.

Hyster-Yale Materials Handling reports strong Q1 performance and growth opportunities

HY's Q1 performance reflects strong revenue and profit growth, with a focus on higher-margin orders and strategic initiatives for long-term sustainability.
Challenges include production issues, market volume expectations, and addressing operational losses in certain segments.
Opportunities lie in fuel cell adoption, market visibility expansion, and exploring new applications for Nuvera's technology.

Hyster-Yale Materials Handling (HY) reports robust Q2 performance and strategic leadership transition

Hyster-Yale Materials Handling (HY) delivered a strong performance in Q2 2023, marked by revenue growth and operational improvements despite industry challenges. Strategic initiatives, succession planning, and a focus on higher-margin orders demonstrate a commitment to long-term growth and financial stability. The company's efforts to address challenges and capitalize on opportunities position it for continued success in the market.

Hyster-Yale reports robust Q3 results, eyes profitability and innovation

Hyster-Yale Materials Handling (HY) demonstrated strong financial performance in Q3 2023, with revenue growth, improved profitability, and positive outlook for future quarters.
Despite challenges in the Lift Truck market and inflationary cost pressures, the company's focus on efficiency, profitability, and cash flow improvement positions it well for sustained growth.
Opportunities for innovation, market expansion, and strategic investments present avenues for Hyster-Yale to further enhance its competitive position and drive long-term value creation.
Overall, Hyster-Yale's Q3 performance reflects resilience, adaptability, and strategic foresight, underpinned by a commitment to operational excellence and financial health.

Hyster-Yale Materials Handling reports strong Q4 performance and eyes market opportunities

Hyster-Yale Materials Handling (HY) delivered a strong performance in Q4 2023, with over $1 billion in revenues and notable margin improvement, despite challenges in product launches and component supply.
The company faces challenges from market slowdown, skilled labor shortages, and tariff impacts, but sees opportunities in market share gains, electrification solutions, and modular design for long-term growth.
With a substantial backlog, strong parts sales, and active programs in key markets, HY is positioned for stability and growth, although higher capital expenditures and market cancellations pose short-term challenges.
Overall, HY's strategic focus on market trends and operational efficiencies positions them well for navigating current challenges and capitalizing on future opportunities for growth and profitability.

Hyster-Yale Materials Handling reports record revenues and profit margins in Q1 2024

Hyster-Yale Materials Handling delivered a strong financial performance in Q1 2024 with record revenues and improved profit margins, driven by strategic initiatives and product innovations.
While facing challenges such as moderating global bookings and decreased backlog levels, the company remains optimistic about increasing shipments and addressing market demand throughout 2024.
With a focus on operational efficiency, innovation, and cost management, Hyster-Yale Materials Handling is well-positioned to capitalize on growth opportunities and navigate market challenges effectively.

Hyster-Yale reports resilient Q2 results amid market challenges and innovation

Hyster-Yale Materials Handling delivered strong Q2 results amidst a challenging global lift truck market, showcasing resilience and strategic adaptability.
Nuvera's innovative hydrogen-powered generator product holds promise for future growth in the hydrogen fuel cell industry despite initial adoption challenges.
The company's focus on financial efficiency and market expansion positions it well to navigate market uncertainties and drive sustainable growth in the future.

Hyster-Yale reports Q3 challenges but eyes growth opportunities ahead

Hyster-Yale Materials Handling (HY) navigated through challenges in Q3 2024, maintaining a strong foundation and focusing on operational efficiencies. Despite market uncertainties, the company is poised for growth through strategic initiatives and market share gains.

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Hyster-Yale, Inc. engages in the manufacture of lift trucks. It operates through the following segments: Americas, Europe, Middle East and Africa (EMEA), and Japan and Asia Pasific (JAPIC), Bolzoni, and Nuvera. The Americas include the United States, Canada, Mexico, Brazil, Latin America, and the corporate headquarters. The JAPIC segment involves the operations in the Asia and Pacific regions, China, and the equity earnings. The Bolzoni segment focuses on the distribution and production of attachments, forks, and lift tables marketed under the Bolzoni, Auramo, and Meyer brand names. The Nuvera segment consists of design, manufacture, and sale of hydrogen fuel cell stacks and engines. The company was founded in 1999 and is headquartered in Cleveland, OH.

Hyster-Yale, Inc. (NYSE:HY ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Rajiv Prasad - President & Chief Executive Officer Scott Minder - Senior Vice President, Chief Financial Officer & Treasurer Al Rankin - Executive Chairman Conference Call Participants Chip Moore - ROTH Ted Jackson - Northland Securities Kirk Ludtke - Imperial Capital Operator Good morning, ladies and gentlemen. Welcome to the Hyster-Yale Materials Handling Third Quarter 2024 Earnings Conference Call.

Hyster-Yale, Inc. (HY) Q3 2024 Earnings Call Transcript

Hyster-Yale (HY) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $2.06 per share a year ago.

Hyster-Yale (HY) Misses Q3 Earnings and Revenue Estimates

Q3 2024 Consolidated Highlights:   Ongoing solid execution in seasonally lower third quarter Continued year-over-year revenue growth led by Americas Lift Truck and Bolzoni Operating Profit of $33.1 million below exceptionally strong Q3 2023 results Net Income of $17.2 million compared to $35.8 million in Q3 2023 Generated $70 million of cash from operations in Q3 2024 CLEVELAND , Nov. 5, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) reported the following consolidated results for the three months ended September 30, 2024. Three Months Ended ($ in millions except per share amounts) 9/30/24 9/30/23 % Change 6/30/24 % Change Revenues $1,016.1 $1,001.2 2 % $1,168.1 (13) % Operating Profit $33.1 $58.6 (44) % $95.6 (65) % Net Income $17.2 $35.8 (52) % $63.3 (73) % Diluted Earnings per Share $0.97 $2.06 (53) % $3.58 (73) % Lift Truck Business Results Revenues by geographic segment were as follows: ($ in millions) Q3 2024 Q3 2023 % Change Q2 2024 % Change Revenues $967.4 $952.0 2 % $1,118.0 (13) %    Americas(1) $771.1 $716.5 8 % $881.5 (13) %    EMEA(1) $145.0 $183.9 (21) % $187.8 (23) %    JAPIC(1) $51.3 $51.6 (1) % $48.7 5 % (1) The Americas segment includes the North America, Latin America and Brazil markets, EMEA includes operations in the Europe, Middle East and Africa markets, and JAPIC includes operations in the Asia and Pacific markets, including China.

HYSTER-YALE ANNOUNCES THIRD QUARTER 2024 RESULTS

Hyster-Yale (HY) closed the most recent trading day at $64.36, moving +0.02% from the previous trading session.

Hyster-Yale (HY) Increases Despite Market Slip: Here's What You Need to Know

CLEVELAND , Oct. 29, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today it will release its Third Quarter 2024 financial results before the market opens on Tuesday, November 5, 2024. In conjunction with this release, the Company will host a webcast with the financial community at 11:00 a.m.

HYSTER-YALE ANNOUNCES DATES OF THIRD QUARTER 2024 EARNINGS RELEASE AND WEBCAST

Hyster-Yale (HY) closed the most recent trading day at $65.21, moving -2% from the previous trading session.

Here's Why Hyster-Yale (HY) Fell More Than Broader Market

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HY, BABA and CF made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 18, 2024.

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HY, ERIC and CF made it to the Zacks Rank #1 (Strong Buy) income stocks list on October 18, 2024.

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In the latest trading session, Hyster-Yale (HY) closed at $67.46, marking a -1.9% move from the previous day.

Hyster-Yale (HY) Stock Dips While Market Gains: Key Facts

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Hyster-Yale (HY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Hyster-Yale (HY) Upgraded to Buy: Here's Why

Hyster-Yale (HY) reachead $66.54 at the closing of the latest trading day, reflecting a +1.25% change compared to its last close.

Hyster-Yale (HY) Advances While Market Declines: Some Information for Investors

Hyster-Yale (HY) closed at $63.77 in the latest trading session, marking a +0.06% move from the prior day.

Hyster-Yale (HY) Ascends But Remains Behind Market: Some Facts to Note

Hyster-Yale (HY) reachead $62.11 at the closing of the latest trading day, reflecting a +1.52% change compared to its last close.

Hyster-Yale (HY) Rises Higher Than Market: Key Facts

The latest trading day saw Hyster-Yale (HY) settling at $60.32, representing a -0.92% change from its previous close.

Hyster-Yale (HY) Sees a More Significant Dip Than Broader Market: Some Facts to Know

The latest trading day saw Hyster-Yale (HY) settling at $60.88, representing a +1.86% change from its previous close.

Hyster-Yale (HY) Surpasses Market Returns: Some Facts Worth Knowing

Hyster-Yale (HY) reachead $57.82 at the closing of the latest trading day, reflecting a -0.45% change compared to its last close.

Hyster-Yale (HY) Stock Falls Amid Market Uptick: What Investors Need to Know

Hyster-Yale (HY) could produce exceptional returns because of its solid growth attributes.

Hyster-Yale (HY) is an Incredible Growth Stock: 3 Reasons Why

Hyster-Yale (HY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Hyster-Yale (HY) Upgraded to Buy: Here's What You Should Know

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CLEVELAND , Aug. 14, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today that the Board of Directors declared a regular cash dividend of 35 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid September 13, 2024, to stockholders of record at the close of business on August 30, 2024.

News for Hyster-Yale Materials Handling Stock (HY)