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.

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Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q1 2024 Earnings Conference Call May 8, 2024 2:30 PM 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 Partners Ted Jackson - Northland Securities Operator Good afternoon, ladies and gentlemen, and welcome to the Hyster-Yale Materials Handling First Quarter 2024 Earnings Conference Call. [Operator Instructions].

Hyster-Yale Materials Handling, Inc. (HY) Q1 2024 Earnings Call Transcript

CLEVELAND , May 8, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors increased its regular cash dividend from 32.5 cents to 35 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid June 14, 2024, to stockholders of record at the close of business on May 31, 2024.

HYSTER-YALE MATERIALS HANDLING DECLARES QUARTERLY DIVIDEND

Hyster-Yale Materials (HY) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $1.55 per share a year ago.

Hyster-Yale Materials (HY) Surpasses Q1 Earnings and Revenue Estimates

Q1 2024 Highlights:   Consolidated operating profit of $83.8 million, up 97% from Q1 2023, and above previous expectations Consolidated operating profit margin of 7.9%, up from 4.3% in Q1 2023 Consolidated revenues of $1.1 billion, up 6% from Q1 2023 quarter and the fourth consecutive quarter with revenues over $1 billion Net income of $51.5 million, up 94%, from Q1 2023 CLEVELAND , May 7, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) reported the following consolidated results for the three months ended March 31, 2024. All comparisons are to the three months ended March 31, 2023, unless otherwise noted.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES FIRST QUARTER 2024 RESULTS

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CLEVELAND , April 30, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its First Quarter 2024 financial results after market close on Tuesday, May 7, 2024. In conjunction with this release, the Company will host a webcast with the financial community at 2:30 p.m.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES DATES OF FIRST QUARTER 2024 EARNINGS RELEASE AND WEBCAST

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CLEVELAND , April 2, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced today that it will change its corporate name to Hyster-Yale, Inc. The Company's wholly owned operating subsidiary, Hyster-Yale Group, Inc., which designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale ® brand names, will become Hyster-Yale Materials Handling, Inc. Both name changes are expected to be effective at the close of business on May 31, 2024.  The name changes are designed to reinforce the Company's current structure.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES NEW CORPORATE NAME

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GREENVILLE, N.C., March 04, 2024 (GLOBE NEWSWIRE) -- Hyster Company announces an agreement to provide APM Terminals with 10 battery-powered terminal tractors for their location at the Port of Mobile in Alabama. The electric terminal tractors, which are scheduled to be delivered in 2024, are part of a $60 million investment in port equipment electrification pilots by APM Terminals.

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Hyster-Yale Materials Handling, Inc. (HY) Q4 2023 Earnings Call Transcript

Q4 and Full-Year 2023 Highlights:   Q4 consolidated operating profit of $48.7 million up 146% from Q4 2022, despite $9.6 million of equity incentive compensation expense specifically due to appreciation in the Company's stock price during Q4 2023 Q4 consolidated revenue growth of $42 million, or 4%, compared with Q4 2022 Q4 Lift Truck operating profit of $54.2 million and margin of 5.5% increased significantly over Q4 2022 due to improved product margins Average sales price per backlog unit up 16% over Q4 2022 and 2% over Q3 2023 Q4 consolidated net income of $25.2 increased from $7.6 million in Q4 2022 Full-year net income of $125.9 million increased by $200 million from 2022 loss of $74.1 million Full-year 2024 consolidated net income expected to be comparable to 2023 results CLEVELAND , Feb. 27, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) reported the following consolidated results for the three months and year ended December 31, 2023. All comparisons are to the three months ended December 31, 2022, unless otherwise noted.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS

CLEVELAND , Feb. 20, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its Fourth Quarter and Full Year 2023 financial results after market close on Tuesday, February 27, 2024. In conjunction with this release, the Company will host a webcast with the financial community at 11:00 a.m.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES DATES OF FOURTH QUARTER AND FULL YEAR 2023 EARNINGS RELEASE AND WEBCAST

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Hyster-Yale Materials Handling's stock price has increased by 55% in the past two months partially because of strong 3Q results. The company has mostly resolved supply chain issues, which hurt them over the last three years. Robotic/automated lifts could have a significant impact on future long-term results.

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Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q3 2023 Earnings Conference Call November 1, 2023 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Rajiv Prasad - President and Chief Executive Officer Scott Minder - Senior Vice President, Chief Financial Officer and Treasurer Alfred Rankin - Executive Chairman Conference Call Participants Operator Good morning. My name is Rob, and I will be your conference operator today.

Hyster-Yale Materials Handling, Inc. (HY) Q3 2023 Earnings Call Transcript

Q3 2023 Highlights:   Consolidated revenues of $1.0 billion increased 19% over Q3 2022 due to higher sales volumes, favorable pricing and currency movements Consolidated operating profit of $58.6 million compared with a Q3 2022 loss  Lift Truck operating profit and margin of $65.1 million and 6.8% were significantly ahead of expectations due to higher product margins and lower operating expenses than anticipated Average sales price per backlog unit increased 21% over Q3 2022 and 7% over Q2 2023 Bolzoni operating profit of $2.9 million compared with a Q3 2022 loss Consolidated net income of $35.8 million and 9/30/23 LTM net income of $108.3 million Full-year 2024 results expected to be similar to 2023 CLEVELAND , Oct. 31, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) reported the following consolidated results for the three and nine months ended September 30, 2023. All comparisons are to the three months ended September 30, 2022, unless otherwise noted.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES THIRD QUARTER 2023 RESULTS

CLEVELAND , Oct. 30, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) announced today that it will hold an Analyst Day for institutional investors and equity analysts on Thursday, November 16 th, starting at 9:00 am EST in the Convene Meeting Space located at 530 Fifth Avenue, New York City. The meeting, hosted by CEO Rajiv K.

HYSTER-YALE MATERIALS HANDLING, INC. TO HOLD ANALYST DAY ON THURSDAY, NOVEMBER 16, 2023

CLEVELAND , Oct. 24, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its 2023 Third Quarter financial results after the close of the market on Tuesday, October 31, 2023. In conjunction with this release, the Company will host a conference call at 11:00 a.m.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES DATES OF 2023 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

Hyster-Yale Materials Handling had an impressive run on the chart across FY'23, but has rolled over in recent weeks. HY has a robust competitive position with its global brand, but high capital requirements and low operating margins hinder its economic value. Despite strong Q2 numbers, HY's return on capital invested is low, leaving little room for FCF growth or significant business expansion.

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News for Hyster-Yale Materials Handling Stock (HY)