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 (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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Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q2 2024 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Consultant Rajiv Prasad - President & CEO Scott Minder - CFO, SVP & Treasurer Alfred Rankin - Chairman Conference Call Participants Chip Moore - ROTH Capital Operator Good morning, ladies and gentlemen, and welcome to the Hyster-Yale Inc. Second Quarter 2024 Earnings Conference Call. At this time, all lines are in listen-only mode.

Hyster-Yale Materials Handling, Inc. (HY) Q2 2024 Earnings Call Transcript

Hyster-Yale (HY) came out with quarterly earnings of $3.58 per share, beating the Zacks Consensus Estimate of $2.28 per share. This compares to earnings of $2.21 per share a year ago.

Hyster-Yale (HY) Tops Q2 Earnings and Revenue Estimates

Q2 2024 Consolidated Highlights: Continued consolidated revenue growth of more than 7% over Q2 2023 Operating profit of $95.6 million, up 63% from Q2 2023, and ahead of expectations Operating profit margin of 8.2%, up from 5.4% in Q2 2023 Net income of $63.3 million, up 65%, from Q2 2023 CLEVELAND , Aug. 6, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) reported the following consolidated results for the three months ended June 30, 2024. Three Months Ended ($ in millions except per share amounts) 6/30/24 6/30/23 % Change 3/31/24 % Change Revenues $1,168.1 $1,090.6 7 % $1,056.5 11 % Operating Profit $95.6 $58.8 63 % $83.8 14 % Net Income $63.3 $38.3 65 % $51.5 23 % Diluted Earnings per Share $3.58 $2.21 62 % $2.93 22 % Effective May 31, 2024, the Company changed its name to Hyster-Yale, Inc. and changed the name of its Lift Truck business to Hyster-Yale Materials Handling, Inc. Lift Truck Business Results Revenues by geographic segment were as follows: ($ in millions) Q2 2024 Q2 2023 % Change Q1 2024 % Change Revenues $1,118.0 $1,038.7 8 % $1,006.8 11 %    Americas(1) $881.5 $788.5 12 % $769.7 15 %    EMEA(1) $187.8 $200.6 (6) % $199.4 (6) %    JAPIC(1) $48.7 $49.6 (2) % $37.7 29 % (1)  The Americas segment includes the North America, Latin America and Brazil markets, EMEA includes operations in the Europe, Middle East andAfrica markets, and JAPIC includes operations in the Asia and Pacific markets, including China Lift Truck revenues were 8% higher than Q2 2023 due to higher average sales prices and the favorable impact of reduced dealer incentive programs.

HYSTER-YALE ANNOUNCES SECOND QUARTER 2024 RESULTS

Hyster-Yale's (HY) Q2 results are likely to reflect improvement in shipment volumes and a favorable sales mix in the Lift Truck business, offset by lower operating profit at Bolzoni and Nuvera.

Hyster-Yale (HY) Gears Up for Q2 Earnings: Things to Note

CLEVELAND, July 30, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today it will release its Second Quarter 2024 financial results after market close on Tuesday, August 6, 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 SECOND QUARTER 2024 EARNINGS RELEASE AND WEBCAST

In the latest trading session, Hyster-Yale (HY) closed at $78.14, marking a +1.05% move from the previous day.

Hyster-Yale (HY) Increases Yet Falls Behind Market: What Investors Need to Know

In the closing of the recent trading day, Hyster-Yale (HY) stood at $73.34, denoting a -1.53% change from the preceding trading day.

Why Hyster-Yale (HY) Dipped More Than Broader Market Today

In the latest trading session, Hyster-Yale (HY) closed at $68.59, marking a +0.4% move from the previous day.

Hyster-Yale (HY) Rises Yet Lags Behind Market: Some Facts Worth Knowing

Hyster-Yale is a global lift truck manufacturer with strong recent earnings and potential for future growth. The company's subsidiary, Nuvera, focuses on alternative power technology, contributing to overall growth. Hyster-Yale has been beating earnings estimates consistently, showing potential for sustained growth and value for investors.

Hyster-Yale Offers Appealing Blend Of Value And Growth

In the closing of the recent trading day, Hyster-Yale (HY) stood at $69.73, denoting a +0.75% change from the preceding trading day.

Hyster-Yale (HY) Rises As Market Takes a Dip: Key Facts

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hyster-Yale Materials (HY) have what it takes?

Why Hyster-Yale Materials (HY) is a Top Dividend Stock for Your Portfolio

In the latest trading session, Hyster-Yale Materials (HY) closed at $71.15, marking a +0.69% move from the previous day.

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

Hyster-Yale Materials (HY) closed at $75.43 in the latest trading session, marking a +1.06% move from the prior day.

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

Hyster-Yale Materials (HY) is a Top Dividend Stock Right Now: Should You Buy?

Hyster-Yale Materials (HY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Hyster-Yale Materials (HY) Is Attractively Priced Despite Fast-paced Momentum

CLEVELAND , June 3, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today that it adopted a new corporate logo in connection with its name change. The name change was effective at close of business on May 31, 2024.

HYSTER-YALE, INC. AND HYSTER-YALE MATERIALS HANDLING, INC.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy HysterYale Materials Handling (HY) Stock?

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Does Hyster-Yale Materials (HY) have what it takes to be a top stock pick for momentum investors? Let's find out.

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Hyster-Yale Materials (HY) Shows Fast-paced Momentum But Is Still a Bargain Stock

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