Welcome to our dedicated page for Hyster-Yale news (Ticker: HY), a resource for investors and traders seeking the latest updates and insights on Hyster-Yale stock.
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 Materials Handling (HY) reported Q4 2021 results showing a revenue increase of 15.3% year-over-year, totaling $829.7 million. Despite this growth, the company faced significant challenges with a consolidated operating loss of $107 million largely due to a $55.6 million goodwill impairment and rising material costs. Bookings rose 16.5%, but production was disrupted by component shortages. Looking ahead, HY expects improved margins in 2022 as it navigates its backlog and rising costs, projecting profitability by Q4 2022.
Hyster-Yale Materials Handling (NYSE: HY) announced a cash dividend of 32.25 cents per share, payable on March 22, 2022, to stockholders of record by March 8, 2022. This dividend applies to both Class A and Class B Common Stock, demonstrating the company's commitment to returning value to shareholders. Hyster-Yale specializes in materials handling solutions and operates globally under the Hyster® and Yale® brands.
Hyster-Yale Materials Handling (NYSE:HY) will release its 2021 Fourth Quarter and Full Year financial results on February 28, 2022, after market close. A conference call to discuss these results will occur on March 1, 2022, at 11:00 a.m. ET.
Interested parties can register through the provided link, and the call will also be available via webcast on the company's Investor Relations website. A replay of the call will be accessible post-event.
Hyster-Yale Group has appointed LiftOne as the new dealer for Hyster® and Yale® in Atlanta, Georgia, following LiftOne's acquisition of Briggs Equipment's operations there on December 31, 2021. LiftOne, a leading material handling dealer with 19 locations in five states, aims to enhance customer service in the Atlanta market. Hyster-Yale's President, Americas, emphasized the strategic importance of Atlanta, while LiftOne's President highlighted their commitment to delivering efficient solutions to customers. This partnership is expected to reinforce Hyster-Yale's distribution leadership.
Hyster-Yale Materials Handling (NYSE:HY) will participate in the Bank of America 2021 Leveraged Finance Virtual Conference on November 30, 2021. The presentation starts at 7:30 a.m. ET and will be available via a live webcast on the company's investor website at least 15 minutes before the event. Hyster-Yale, based in Cleveland, Ohio, specializes in lift trucks and aftermarket parts, serving global markets primarily under the Hyster and Yale brands.
On November 17, 2021, Hyster-Yale Materials Handling (NYSE: HY) declared a regular cash dividend of 32.25 cents per share, payable on December 15, 2021. Shareholders on record as of December 1, 2021, will receive this dividend for both Class A and Class B Common Stock. Hyster-Yale is known for its extensive range of materials handling solutions through its primary brands, Hyster® and Yale®, alongside subsidiaries like Bolzoni S.p.A. and Nuvera Fuel Cells.
Hyster-Yale reported Q3 2021 revenues of $748.2 million, a 14.7% increase from Q3 2020, but with a net loss of $77.2 million, or $4.59 per share, compared to a net income of $5.1 million in Q3 2020. Bookings surged 63.4% YoY but fell 20.9% from Q2 2021. The company faced significant production disruptions due to component shortages and inflation, leading to a consolidated operating loss of $54.3 million. The Lift Truck segment saw revenue growth despite substantial cost increases, while Nuvera experienced losses due to reduced sales prospects and inventory adjustments.
Hyster-Yale Materials Handling, Inc. (NYSE:HY) will participate in Baird's 2021 Virtual Global Industrial Conference on November 9, 2021. The management's presentation is scheduled for 4:20 p.m. and will be available via webcast. Interested parties can access the webcast by visiting Hyster-Yale's investor page at least 15 minutes before the event. Hyster-Yale provides a variety of materials handling solutions and includes subsidiaries like Hyster-Yale Group and Nuvera Fuel Cells, LLC.
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