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.

Yale Reliant solution helps reinforce lift truck operating best practices by controlling performance based on real-time information and site-specific rules Yale Reliant solution helps reinforce lift truck operating best practices by controlling performance based on real-time information and site-specific rules

Yale Breaks New Ground for Warehouses with Operator Assist Lift Truck Technology

GREENVILLE, N.C., June 08, 2021 (GLOBE NEWSWIRE) -- Hyster Company announces the release of its new E50-60XNL series, the industry's first cushion tire counterbalanced lift truck available in the 5,000-to-6,000-pound capacity range specifically designed around factory integrated lithium-ion power. Expanding on the GOOD DESIGN® award-winning pneumatic tire model in the same capacity range released last year, the E-XNL also addresses the growing demand for electric lift truck solutions for a broad range of intense applications, including general manufacturing, metals, paper and packaging.

Hyster Expands Electric Lift Truck Portfolio with Cushion Tire Model Designed Around Lithium-ion Power

Advanced battery technology brings electric power to increasingly high-capacity equipment that makes operational and business sense Advanced battery technology brings electric power to increasingly high-capacity equipment that makes operational and business sense

Hyster expands integrated lithium-ion power to heavy-duty forklift segment

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Package of advanced technology supports lift truck operator best practices in tough, demanding applications Package of advanced technology supports lift truck operator best practices in tough, demanding applications

Hyster Introduces Innovative Operator Assist Technology for Lift Trucks

CLEVELAND, May 11, 2021 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) announced today that it will host its 2021 Investor Day event for institutional investors and equity analysts virtually on Tuesday, May 25 th.  The meeting, hosted by Chairman and Chief Executive Officer, Alfred M.

Hyster-Yale Materials Handling, Inc. to Host Virtual Investor Day on Tuesday, May 25, 2021

Hyster-Yale Materials Handling, Inc. (HY) CEO Al Rankin on Q1 2021 Results - Earnings Call Transcript

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 Nuvera's 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.

Hyster-Yale Materials Handling Announces First Quarter 2021 Results

CLEVELAND, April 27, 2021 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2021 First Quarter financial results and will file its 2021 First Quarter 10-Q after the close of the market on Tuesday, May 4, 2021. In conjunction with this release, the Company will host a conference call at 11:00 a.m.

Hyster-Yale Materials Handling, Inc. Announces Dates Of 2021 First Quarter Earnings Release And Conference Call

CLEVELAND, March 17, 2021 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) issued the following statement from its Board of Directors. The Company is focused on creating value for all of its stockholders and evaluates all ideas that have the potential to help achieve this goal.

Hyster-Yale Materials Handling, Inc. Issues Statement From Its Board Of Directors

GREENWICH, Conn.--(BUSINESS WIRE)--Cetus Capital VI, L.P., (together with its affiliates, “Cetus” or “we”), a shareholder of Hyster-Yale Materials Handling, Inc. (NYSE: HY), today issued a letter to the Company's Board of Directors. The full text of the letter is included below. March 16, 2021 The Board of Directors Hyster-Yale Materials Handling, Inc. 5875 Landerbrook Drive Suite 300 Cleveland, OH 44124-4069 Attn: Members of the Board: Dear Hyster-Yale Board of Directors: I am writing to you o

Cetus Capital Issues Letter to Hyster-Yale's Board of Directors

Hyster-Yale Materials Handling, Inc. (HY) CEO Al Rankin on Q4 2020 Results - Earnings Call Transcript

CLEVELAND, Feb. 24, 2021 /PRNewswire/ -- Quarter Highlights: Q4 2020 consolidated revenues decreased 13.8% from Q4 2019 due to lower shipments resulting from the continuing effects of very low bookings during the peak period of the global pandemic shutdowns, as well as the pace of the...

Hyster-Yale Materials Handling Announces Fourth Quarter And Full Year 2020 Results

CLEVELAND, Feb. 18, 2021 /PRNewswire/ -- The Board of Directors of Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced today that Rajiv Prasad, President and Chief Executive Officer of the Company's wholly owned operating subsidiary, Hyster-Yale Group, Inc., has been appointed...

Hyster-Yale Materials Handling, Inc. Announces Appointment Of Rajiv Prasad As President

CLEVELAND, Feb. 16, 2021 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2020 Fourth Quarter and Full Year financial results and will file its 2020 Annual Report on Form 10-K after the close of the market on Wednesday, February 24, 2021. In conjunction with...

Hyster-Yale Materials Handling, Inc. Announces Dates of 2020 Fourth Quarter and Full Year Earnings Release and Conference Call

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CLEVELAND, Nov. 19, 2020 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) announced today that its management will participate in the Bank of America 2020 Leveraged Finance Virtual Conference on Tuesday, December 1, 2020. The presentation is scheduled to start on Tuesday at...

Hyster-Yale Materials Handling, Inc. To Participate In Bank Of America 2020 Leveraged Finance Virtual Conference

CLEVELAND, Nov. 6, 2020 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced today that its management will participate in Baird's 2020 Global Industrial Conference on Wednesday, November 11, 2020. The presentation at the Baird conference is scheduled to start on...

Hyster-Yale Materials Handling, Inc. To Participate In Baird Global Industrial Conference

Hyster-Yale Materials Handling, Inc. (HY) CEO Al Rankin on Q3 2020 Results - Earnings Call Transcript

CLEVELAND, Nov. 3, 2020 /PRNewswire/ -- Quarter Highlights: Q3 2020 consolidated revenues decreased 14.8% from Q3 2019 due to lower Q2 2020 bookings and resulting lower shipments primarily caused by pandemic-related global effects and the pace of the subsequent forklift truck market...

Hyster-Yale Materials Handling Announces Third Quarter 2020 Results

CLEVELAND, Oct. 27, 2020 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release 2020 Third Quarter financial results and will file its 2020 Third Quarter 10-Q after the close of the market on Tuesday, November 3, 2020. In conjunction with this release, the Company...

Hyster-Yale Materials Handling, Inc. Announces Dates Of 2020 Third Quarter Earnings Release And Conference Call

CLEVELAND, Sept. 16, 2020 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc.

Hyster-Yale Materials Handling, Inc. To Participate In Sidoti Virtual Investor Conference

Hyster-Yale Materials Handling, Inc. (HY) CEO Al Rankin on Q2 2020 Results - Earnings Call Transcript

CLEVELAND, Aug. 4, 2020 /PRNewswire/ -- Quarter Highlights: Q2 2020 market levels down significantly from prior periods in Company's primary markets Q2 2020 consolidated revenues decreased 23.6% from Q2 2019 due to the impact of the global COVID-19 shutdowns, lower bookings and resulting.

Hyster-Yale Materials Handling Announces Second Quarter 2020 Results

CLEVELAND, July 28, 2020 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release 2020 Second Quarter financial results and will file its 2020 Second Quarter 10-Q after the close of the market on Tuesday, August 4, 2020.

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