HYSTER-YALE, INC. ANNOUNCES AUTHORIZATION OF $50 MILLION STOCK REPURCHASE PROGRAM
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) ha annunciato un programma di riacquisto di azioni autorizzato dal suo Consiglio di Amministrazione, fino a 50 milioni di dollari o 1,5 milioni di azioni di azioni ordinarie di Classe A, a seconda di quale si verifichi per prima. Il programma, in scadenza a novembre 2027, riflette la fiducia nel bilancio e nelle prospettive aziendali. La direzione determinerà i tempi e l'importo dei riacquisti, che potranno avvenire tramite transazioni nel mercato aperto o private. Attualmente, l'azienda ha circa 17,5 milioni di azioni in circolazione, di cui 14,1 milioni sono azioni ordinarie di Classe A.
Hyster-Yale (NYSE: HY) anunció un programa de recompra de acciones autorizado por su Junta Directiva por un monto de hasta 50 millones de dólares o 1.5 millones de acciones de acciones ordinarias Clase A, lo que ocurra primero. El programa, que expirará en noviembre de 2027, refleja la confianza en el balance de la empresa y sus perspectivas comerciales. La gerencia determinará el momento y el monto de las recompras, que pueden llevarse a cabo a través del mercado abierto o transacciones privadas. Actualmente, la compañía tiene aproximadamente 17.5 millones de acciones en circulación, de las cuales 14.1 millones son acciones ordinarias Clase A.
히스터-예일(Hyster-Yale)(NYSE: HY)은 이사회에서 승인한 주식 매입 프로그램을 발표했으며, 최대 5천만 달러 또는 150만 주의 A등급 보통주 중 먼저 이뤄지는 쪽을 선택할 수 있습니다. 이 프로그램은 2027년 11월에 만료되며, 회사의 재무 안정성과 사업 전망에 대한 신뢰를 반영합니다. 경영진은 매입의 시기와 금액을 결정할 것이며, 이는 공개 시장 또는 비공식 거래를 통해 이루어질 수 있습니다. 현재 회사는 약 1,750만 주의 주식이 유통되고 있으며, 이 중 1,410만 주는 A등급 보통주입니다.
Hyster-Yale (NYSE: HY) a annoncé un programme de rachat d'actions autorisé par son conseil d'administration pour un montant allant jusqu'à 50 millions de dollars ou 1,5 million d'actions d'actions ordinaires de Classe A, selon ce qui se produit en premier. Le programme, qui expirera en novembre 2027, témoigne de la confiance dans le bilan de l'entreprise et ses perspectives commerciales. La direction déterminera le moment et le montant des rachats, qui peuvent se faire par le biais de transactions sur le marché libre ou privées. Actuellement, l'entreprise a environ 17,5 millions d'actions en circulation, dont 14,1 millions sont des actions ordinaires de Classe A.
Hyster-Yale (NYSE: HY) hat ein Aktienrückkaufprogramm angekündigt, das von seinem Vorstand genehmigt wurde, für bis zu 50 Millionen Dollar oder 1,5 Millionen Aktien der Stammaktien der Klasse A, je nachdem, was zuerst eintritt. Das Programm, das im November 2027 ausläuft, spiegelt das Vertrauen in die Bilanz und die Geschäftsperspektiven des Unternehmens wider. Die Geschäftsführung wird den Zeitpunkt und den Betrag der Rückkäufe festlegen, die sowohl im offenen Markt als auch durch private Transaktionen erfolgen können. Das Unternehmen hat derzeit etwa 17,5 Millionen ausstehende Aktien, von denen 14,1 Millionen Stammaktien der Klasse A sind.
- Authorization of $50 million stock buyback program shows financial strength
- Company generating sufficient free cash flow to support share repurchases
- Buyback represents potential reduction of up to 10.6% of Class A shares
- Capital allocation to buybacks may reduce funds available for business investments
Insights
The timing and amount of repurchases will be determined by the Company's management based on a number of factors. The stock repurchase program does not require the Company to acquire any specific number of shares. It may be modified, suspended, extended or terminated by the Company at any time without prior notice and will expire no later than November 2027. The Company may repurchase shares in the open market, through privately negotiated transactions or otherwise. We expect that the repurchases will generally be executed through open-market purchases from time to time including pursuant to a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so.
Hyster-Yale has approximately 17.5 million shares of common stock outstanding, 14.1 million shares of which are Class A Common Stock as of November 14, 2024.
Forward-looking Statements Disclaimer
The statements contained in this news release that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth under the heading "Risk Factors" in Hyster-Yale's most recent 10-K filed with the Securities and Exchange Commission.
About Hyster-Yale, Inc.
Hyster-Yale, Inc., headquartered in
The Company's wholly owned operating subsidiary, Hyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale include Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names and Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines. Hyster-Yale also has an unconsolidated joint venture in
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SOURCE Hyster-Yale, Inc.
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