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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 Materials Handling (NYSE: HY) declared a regular cash dividend of 32.25 cents per share. This dividend applies to both Class A and Class B Common Stock, with a payment date of September 15, 2021. Stockholders on record by the close of business on September 1, 2021 will receive the dividend. Hyster-Yale designs and manufactures lift trucks and aftermarket parts, with operations also in alternative-power technology through its subsidiary Nuvera Fuel Cells.
Hyster-Yale Materials Handling reported Q2 2021 consolidated revenues of $765.6 million, a 17.0% increase from Q2 2020, despite net income falling to $1.9 million ($0.11 per share). Record bookings of 46,900 units were achieved, but shipments rose only 12.9% due to component shortages and freight cost inflation totaling $11.0 million. Operating profit declined to $5.9 million from $8.7 million year-over-year. A favorable $6.3 million tax ruling in Brazil was noted, counterbalanced by the absence of past government subsidies. The company anticipates lower profits in H2 2021 as costs and supply chain issues persist.
Hyster-Yale Materials Handling (NYSE:HY) will release its 2021 Second Quarter financial results after the market closes on August 3, 2021. A conference call to discuss these results is scheduled for August 4, 2021, at 11:00 a.m. Eastern Time. Investors can register for the call through a provided link, which also offers a live webcast option on the company's Investor Relations website. A replay will be available post-call, demonstrating the company's commitment to transparency and investor engagement.
Yale Materials Handling Corporation has launched the Yale Reliant solution, a suite of operator assistance technologies aimed at improving lift truck operational safety and efficiency. Developed over 29,000 hours of research by its parent company, Hyster-Yale Group, the technology adjusts lift truck performance based on real-time data, including proximity to pedestrians, load weight, and specific site rules. Currently deployed on five warehouse models, Yale Reliant enhances operator awareness through alerts and performance controls, maintaining ultimate operator control while reinforcing best practices.
Hyster Company has launched the E50-60XNL series, the first cushion tire counterbalanced lift truck designed specifically for lithium-ion power in the 5,000-to-6,000-pound capacity range. This new model enhances operator ergonomics and energy efficiency compared to traditional designs by utilizing a fully integrated lithium-ion battery. Quick charging allows the truck to reach full power in about 65 minutes, and its zero emissions make it suitable for sensitive indoor environments. The E50-60XNL aims to meet the rising demand for electric lift truck solutions across various industries.
Hyster Company has unveiled new high-capacity forklift models powered by integrated 350-volt lithium-ion batteries. These forklifts, ranging from 23,000 to 36,000 pounds load capacity, are designed for heavy-duty applications in industries such as steel and agriculture. The electric models promise performance comparable to diesel counterparts, with benefits including emission-free operation, lower total cost of ownership, and fast charging capabilities requiring as little as 11 minutes for up to an hour's use. Hyster aims to support clients in transitioning to clean power while maintaining operational efficiency.
Hyster Company has launched Hyster Reaction™, a groundbreaking technology package enhancing lift truck safety and performance. Developed after over 29,000 hours of R&D in collaboration with a leading logistics firm, it features advanced dynamic stability, object and proximity detection, and real-time location sensing. Key functionalities include automatic speed adjustments at intersections and hydraulic lock-outs for heavy loads. This scalable solution aims to complement operator training and improve safety in demanding environments.
Hyster-Yale Materials Handling, Inc. (NYSE: HY) has increased its cash dividend from 31.75 cents to 32.25 cents per share, effective June 15, 2021. This new dividend translates to an annual rate of $1.29 per share. The dividend payment is applicable to both Class A and Class B Common Stock, with stockholders of record on June 1, 2021, eligible to receive it. This increment reflects the company's ongoing commitment to providing returns to shareholders.
Hyster-Yale Materials Handling (NYSE:HY) will host a virtual 2021 Investor Day on May 25 for institutional investors and equity analysts. The event, led by CEO Alfred M. Rankin, Jr. and President Rajiv K. Prasad, will outline the company’s strategic roadmap aimed at delivering long-term shareholder value. Starting at 10:00 am ET, it will include presentations from senior management and a live Q&A session. Interested parties can register through the provided link, and a replay will be available on the company’s website.
Hyster-Yale reported Q1 2021 consolidated revenues of $732.2 million, down 6.8% from Q1 2020, with net income at $5.6 million or $0.33 per share. A surge in demand for lift trucks was hindered by supply chain issues, causing a significant reduction in shipments, especially in the Americas. Operating profit plummeted to $3.1 million from $20.2 million a year prior. Despite these challenges, unit bookings increased significantly, reflecting strong market demand and a historically high backlog. The company expects improved performance in Q2 2021 amid ongoing supply constraints.
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