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Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, is a globally integrated company and a prominent leader in the materials handling industry. Established in 1989, the company provides strategic leadership and global support behind two of the most recognized brands in the sector: Hyster® and Yale®. Hyster-Yale designs, engineers, manufactures, sells, and services an extensive range of lift trucks and aftermarket parts.
Operating through three main business segments—Lift Trucks, Bolzoni, and Nuvera—Hyster-Yale offers solutions tailored to meet the specific needs of over 700 industries worldwide. Their product portfolio includes electric and internal combustion engine lift trucks, warehouse equipment such as pallet trucks and narrow aisle trucks, and heavy-duty container handling equipment capable of handling up to 52 tonnes.
Hyster-Yale’s Lift Truck business is known for its innovative solutions aimed at improving customer productivity at the lowest cost of ownership. Their modular, scalable 2- to 3.5-ton internal combustion engine lift trucks, which are now fully launched globally, exemplify this approach. The company is also advancing in electrification projects, including launching its first electrified fuel cell Container Handler at the Port of Los Angeles.
Bolzoni, a subsidiary specializing in attachments, forks, and lift tables, follows a
Hyster-Yale (NYSE: HY) announced a stock repurchase program authorized by its Board of Directors for up to $50 million or 1.5 million shares of Class A Common Stock, whichever comes first. The program, expiring in November 2027, reflects confidence in the company's balance sheet and business outlook. Management will determine the timing and amount of repurchases, which may occur through open market or private transactions. The company currently has approximately 17.5 million shares outstanding, with 14.1 million being Class A Common Stock.
Hyster-Yale (NYSE: HY) has declared a regular quarterly cash dividend of 35 cents per share for both Class A and Class B Common Stock. The dividend will be paid on December 13, 2024, to stockholders of record as of November 29, 2024. The company, headquartered in Cleveland, Ohio, is a global provider of lift trucks and materials handling solutions, including attachments and hydrogen fuel cell power products. Through its operating subsidiary and various brands including Hyster®, Yale®, Bolzoni®, Auramo®, and Meyer®, the company offers comprehensive materials handling solutions from port to home.
Hyster-Yale (NYSE: HY) reported Q3 2024 results with revenues of $1,016.1 million, up 2% year-over-year. Operating profit decreased 44% to $33.1 million, and net income fell 52% to $17.2 million. The company generated $70 million in operating cash flow. Americas Lift Truck segment led revenue growth with an 8% increase, while EMEA declined 21%. Average selling prices rose 25% year-over-year. Gross profit declined 7% due to lower sales margins and higher freight costs. The company maintains a strong backlog of $2.3 billion, though down 35% from prior year. Management expects Q4 2024 revenues and net income to be comparable to prior year levels, but anticipates lower revenues and significantly lower operating profit in 2025.
Hyster-Yale (NYSE: HY) has scheduled its Third Quarter 2024 financial results release for Tuesday, November 5, 2024, before market opening. The company will host a webcast with the financial community at 11:00 a.m. ET on the same day. Hyster-Yale is a Cleveland-based global manufacturer of lift trucks and materials handling solutions, operating through its subsidiary Hyster-Yale Materials Handling, which produces products under the Hyster® and Yale® brands. The company also owns Bolzoni S.p.A. and Nuvera Fuel Cells, offering attachments and alternative power solutions respectively.
Hyster-Yale (NYSE: HY) has declared a regular cash dividend of 35 cents per share, payable on both Class A and Class B Common Stock. The dividend will be paid on September 13, 2024, to stockholders of record as of August 30, 2024. Hyster-Yale is a globally integrated company offering a full line of lift trucks and materials handling solutions, including attachments and hydrogen fuel cell power products. The company operates through its subsidiary, Hyster-Yale Materials Handling, Inc., which designs, engineers, manufactures, and services lift trucks under the Hyster® and Yale® brand names. Other subsidiaries include Bolzoni S.p.A. and Nuvera Fuel Cells,
Hyster-Yale (NYSE: HY) reported strong Q2 2024 results, with consolidated revenue growing 7% year-over-year to $1.17 billion. Operating profit surged 63% to $95.6 million, while net income rose 65% to $63.3 million. The company's Lift Truck business saw an 8% revenue increase, driven by higher average sales prices and improved sales mix. Operating profit margin expanded to 9.2%, up 320 basis points from Q2 2023. Bolzoni's revenues grew 6%, though operating profit declined due to higher costs. Nuvera faced challenges with slower customer adoption and reduced engine shipments. The company's financial leverage continued to improve, with the debt-to-total capital ratio decreasing to 51%. Looking ahead, Hyster-Yale expects continued year-over-year revenue growth and strong product margins in H2 2024, though operating profit may moderate slightly compared to H2 2023.
Hyster-Yale (NYSE: HY) has announced the release date for its Second Quarter 2024 financial results. The company will disclose its earnings after market close on Tuesday, August 6, 2024. Following this, Hyster-Yale will host a webcast with the financial community at 11:00 a.m. ET on Wednesday, August 7, 2024, to discuss the results. Investors can access the live audio webcast on the company's website approximately 15 minutes before the event. An archive of the webcast will be available about two hours after the live call ends.
Hyster-Yale, headquartered in Cleveland, Ohio, is a global company offering a full line of lift trucks and materials handling solutions. The company's vision focuses on transforming materials movement and delivering optimal customer solutions with the lowest cost of ownership.
Hyster-Yale (NYSE: HY) has unveiled a new corporate logo following its name change, effective as of May 31, 2024. This rebranding aims to unify the company's identity and reinforce its commitment to high-quality, innovative solutions across its diverse brands, including Hyster®, Yale®, Maximal®, Bolzoni®, Auramo®, Meyer®, Nuvera Fuel Cells®, and Sumitomo NACCO. Rajiv Prasad, President and CEO, emphasized that the new logo reflects the company's dedication to delivering exceptional customer care and optimal solutions. The operating subsidiary, now named Hyster-Yale Materials Handling, also introduced a new logo to signify its dedication to excellence.
Hyster-Yale is a globally integrated company offering a full line of lift trucks and materials handling solutions, including hydrogen fuel cell power products. The company aims to transform materials handling from port to home and enhance productivity at the lowest cost of ownership while providing exceptional customer care.
Hyster-Yale Materials Handling, Inc. (HY) increased its quarterly cash dividend from 32.5 cents to 35 cents per share. The dividend will be payable on June 14, 2024, to stockholders of record on May 31, 2024. HY is a globally integrated company offering lift trucks, attachments, and hydrogen fuel cell power products.
Hyster-Yale Materials Handling, Inc. reported strong Q1 2024 results with consolidated operating profit of $83.8 million, up 97% from Q1 2023, and revenues of $1.1 billion, up 6%. Lift Truck business saw a 6% revenue growth with improved sales mix and higher average lift truck sales prices. Nuvera faced a decrease in revenues due to funding from the U.S. Department of Defense offsetting profit. The Company expects full-year 2024 results to surpass expectations and improve over 2023.
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