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.

Earnings data Q1 2024

Hyster-Yale Materials Handling Reports Strong Q1 Performance and Sees Growth Opportunities in Fuel Cell Adoption

Hyster-Yale Materials Handling had a strong first quarter, but faces challenges with supply chain constraints and labor availability. The company is well-positioned to capitalize on the growing interest in fuel cell adoption and has opportunities for growth through new product launches and market expansion.

Hyster-Yale reports 22% revenue growth and strategic innovation focus

Hyster-Yale's second quarter performance reflects strong revenue growth and improved profitability, despite ongoing operational challenges. The company's strategic initiatives and focus on innovation position it well for future growth and market expansion.

Hyster-Yale Materials Handling Reports Strong Q3 Performance Amid Market Challenges

Hyster-Yale Materials Handling's Q3 performance showcased robust revenue and earnings growth, driven by positive pricing dynamics and operational improvements. While facing challenges in global market order activity and backlog reduction, the company's focus on working capital reduction and cash flow generation positions it well for future opportunities.

Hyster-Yale Materials Handling excels in Q4 2023, eyes growth

Hyster-Yale Materials Handling delivered a robust performance in Q4 2023, overcoming challenges with strategic opportunities ahead. The company anticipates stable gross profit margins in 2024 and is poised for growth through operational enhancements.

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Hyster-Yale Materials Handling, 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.

Q1 2023 Highlights:   Consolidated revenues of nearly $1 billion increased 21% over Q1 2022 due to higher pricing and sales volumes, and an improved sales mix Consolidated operating profit of $42.6 million and consolidated net income of $26.6 million compared with losses in Q1 2022 Lift Truck operating profit of $47.8 million and 5% operating margin were significantly ahead of expectations despite continued production challenges and currency headwinds Average sales price per backlog unit increased nearly 34% over Q1 2022 and 2% over Q4 2022 Bolzoni operating profit of $4.4 million more than doubled from Q1 2022 Full-Year 2023 Outlook: Substantial consolidated net income is expected for 2023 full year as a result of significantly improved profitability at the Lift Truck and Bolzoni businesses compared with 2022 CLEVELAND , May 2, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) reported the following consolidated results for the three months ended March 31, 2023:      Three Months Ended ($ in millions except per share amounts) 3/31/23 3/31/22 ChangeFav (Unfav) Revenues $999.3 $827.6 $171.7 Operating Profit (Loss) $42.6 $(18.3) $60.9 Net Income (Loss) $26.6 $(25.0) $51.6 Diluted Earnings (Loss) /share $1.55 $(1.48) $3.03 Lift Truck Business Results Revenues and shipments by geographic segment were as follows: ($ in millions) Q1 2023 Q1 2022 ChangeFav (Unfav) Revenues $948.7 $779.1 $169.6    Americas(1) $685.9 $557.7 $128.2    EMEA(1) $214.9 $169.7 $45.2    JAPIC(1) $47.9 $51.7 $(3.8) (1) The Americas segment includes the North America, Latin America and Brazil markets, EMEA includes operations in the Europe, Middle East and Africa markets, and JAPIC includes operations in the Asia and Pacific markets, including China. (Rounded to nearest hundred) Q1 2023 Q1 2022 ChangeFav (Unfav) Q4 2022 ChangeFav (Unfav) Unit Shipments 25,200 23,900 1,300 27,100 (1,900)    Americas 16,100 14,600 1,500 16,000 100    EMEA 6,800 6,500 300 7,800 (1,000)    JAPIC 2,300 2,800 (500) 3,300 (1,000) First-quarter 2023 lift truck revenues increased by 21.8% compared with the prior year first quarter while consolidated unit shipments increased by 5.4%.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES FIRST QUARTER 2023 RESULTS

CLEVELAND , April 25, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its 2023 First Quarter financial results after the close of the market on Tuesday, May 2, 2023. In conjunction with this release, the Company will host a conference call at 11:00 a.m.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES DATES OF 2023 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL

HY's top line growth should be driven by healthy bookings and backlogs, new product development, and technological advancement. Bottom line should benefit from improvement in supply chain constraints, higher-priced backlog, and moderation in inflation.

Hyster-Yale Materials: Lifting Up The Business

Suite of operator assistance technologies now available on 18 Yale lift truck models, including VNA turret truck and enclosed end rider Suite of operator assistance technologies now available on 18 Yale lift truck models, including VNA turret truck and enclosed end rider

Yale expands availability of award-winning technology to support lift truck stability

Brand positioning addresses the changing demands of today's warehouses and capitalizes on organizational strengths in research and development, and technology integration Brand positioning addresses the changing demands of today's warehouses and capitalizes on organizational strengths in research and development, and technology integration

Yale unveils new brand identity at ProMat

A company record for revenue and strong growth on the bottom line are a good recipe for seeing the stock rise.

Why Shares of Hyster-Yale Are Soaring This Week

Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q4 2022 Earnings Conference Call February 28, 2023 11:00 AM ET Company Participants Christina Kmetko – Investor Relations Al Rankin – Chairman and Chief Executive Officer Rajiv Prasad – President Scott Minder – Senior Vice President, Chief Financial Officer and Treasurer Conference Call Participants Chip Moore – EF Hutton Steve Ferazani – Sidoti Brett Kearney – Gabelli & Company Operator Hello everyone, and welcome to the Hyster-Yale Fourth Quarter 2022 and Full Year Earnings Conference Call. My name is Bruno and I'll be operating your call today.

Hyster-Yale Materials Handling, Inc. (HY) Q4 2022 Earnings Call Transcript

Q4 2022 Highlights:   Record consolidated revenues of $985.2 million increased 18.7% over the prior year quarter due to higher pricing and favorable sales mix across all lift truck segments Consolidated operating profit of $19.8 million and consolidated net income of $7.6 million versus losses in Q3 2022 and Q4 2021 due to higher unit margins Lift Truck operating profit significantly ahead of Company expectations despite component shortages and unfavorable currency effects Average sales price per unit in backlog increased 33.6% over Q4 2021 and 6.8% versus Q3 2022 as long-standing, lower-priced backlog orders were fulfilled Bolzoni returned to profitability despite a $2.4 million loss on sale of a subsidiary in Q4 2022 Full- Year 2023 Outlook: Substantial consolidated net income expected for 2023 full year as a result of significantly improved profitability at the Lift Truck and Bolzoni businesses versus 2022 CLEVELAND , Feb. 27, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced the following consolidated results for the three months and year ended December 31, 2022: Three Months Ended Year Ended ($ in millions except per share amounts) 12/31/22 12/31/21 Change Fav (Unfav) 12/31/22 12/31/21 Change Fav (Unfav) Revenues $985.2 $829.7 $155.5 $3,548.3 $3,075.7 $472.6 Operating Profit (Loss) $19.8 $(107.0) $126.8 $(39.1) $(152.3) $113.2 Net Income (Loss) $7.6 $(103.3) $110.9 $(74.1) $(173.0) $98.9 Diluted Earnings (Loss) /share $0.44 $(6.14) $6.58 $(4.38) $(10.29) $5.91 The fourth-quarter 2022 operating profit includes a $2.4 million loss on sale of a Bolzoni subsidiary. The fourth-quarter 2021 operating loss included a non-cash goodwill impairment charge of $55.6 million in the JAPIC segment, including $11.7 million for the non-controlling interest share, resulting in a $43.9 million net impact on the 2021 net loss.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 RESULTS

CLEVELAND , Feb. 16, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2022 Fourth Quarter and Full Year financial results and will file its 2022 Annual Report on Form 10-K after the close of the market on Monday, February 27, 2023. In conjunction with this release, the Company will host a conference call at 11:00 a.m.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES DATES OF 2022 FOURTH QUARTER AND FULL YEAR EARNINGS RELEASE AND CONFERENCE CALL

Highly configurable lift truck platform helps maximize operator performance while limiting total cost of ownership Highly configurable lift truck platform helps maximize operator performance while limiting total cost of ownership

Hyster introduces first models in new A Series lineup

Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q3 2022 Earnings Conference Call November 2, 2022 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Rajiv Prasad - President Scott Minder - Senior Vice President, Chief Financial Officer and Treasurer Alfred Rankin - Chairman & CEO Kenneth Schilling - SVP and Special Financial Advisor to the Chairman Conference Call Participants Chip Moore - EF Hutton Stephen Ferazani - Sidoti & Company Brett Kearney - Gabelli & Company William Nicklin - Circle N Advisors Operator Welcome to today's Hyster-Yale Q3 2022 Earnings Conference Call. My name is Drew, and I'll be coordinating your call today.

Hyster-Yale Materials Handling, Inc. (HY) Q3 2022 Earnings Call Transcript

Highlights:   Q3 2022 consolidated revenues of $840.1 million increased 12.3% over Q3 2021 primarily due to increased lift truck prices and parts volumes across all geographic segments Q3 2022 consolidated operating loss of $24.9 million improved by nearly $30 million versus Q3 2021, which included $24.8 million of non-cash charges at Nuvera Q3 2022 Lift Truck consolidated operating results improved versus prior year and were ahead of Company expectations, despite $10.8 million of unfavorable currency effects Q3 2022 net debt reduction of $28.6 million compared with Q2 2022 The Lift Truck business expects a return to profitability in Q4 2022 driven by higher margins as the Company continues to work through its extended backlog Q3 2022 average sales price/unit of backlog increased 38% over Q3 2021, 8.5% over Q2 2022 despite fewer higher-priced bookings CLEVELAND , Nov. 1, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced the following consolidated results for the three months ended September 30, 2022: Three Months Ended ($ in millions except per share amounts) 9/30/22 9/30/21 Chg. '22 vs '21 Fav (Unfav) Revenues $840.1 $748.2 $91.9 Operating Loss $(24.9) $(54.3) $29.4 Net Loss $(37.3) $(77.2) $39.9 Earnings (Loss) per share $(2.20) $(4.59) $2.39 The three months ended 2021 net loss included a $38.4 million charge to establish a valuation allowance on certain deferred assets.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES THIRD QUARTER 2022 RESULTS

CLEVELAND , Oct. 25, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its 2022 Third Quarter financial results and will file its 2022 Third Quarter 10-Q after the close of the market on Tuesday, November 1, 2022. 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 2022 THIRD QUARTER EARNINGS RELEASE AND CONFERENCE CALL

Nuvera fuel cell powers industry-first hydrogen top pick container handler Nuvera fuel cell powers industry-first hydrogen top pick container handler

Hyster begins first-ever, real-world pilot of hydrogen fuel cell-powered container handler at CMA CGM-owned Fenix Marine terminal in the Port of Los Angeles

Hyster-Yale Materials Handling Inc. ( HY , Financial) is one of the largest global manufacturers of lift trucks, more commonly known as forklifts. The company offers a broad assortment of solutions aimed at meeting the specific materials handling needs of its customers, including specific attachments and hydrogen fuel cell power products, telematics, automation and fleet management services.

Hyster-Yale: A Forklift Manufacturer Facing Unprecedented Challenges

CLEVELAND , Aug. 10, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) announced that Kenneth C. Schilling, Senior Vice President, Chief Financial Officer and Treasurer, intends to retire from the Company effective December 31, 2022, after a 31-year career with Hyster-Yale and its predecessor parent company, NACCO Industries.

HYSTER-YALE MATERIALS HANDLING, INC. ANNOUNCES CFO SUCCESSION PLAN

Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q2 2022 Earnings Conference Call August 3, 2022 11:00 AM ET Company Participants Christina Kmetko - Investment Relations Alfred Rankin - Chairman & CEO Rajiv Prasad - President Kenneth Schilling - SVP, CFO & Treasurer Conference Call Participants Steve Ferazani - Sidoti & Company Chip Moore - EF Hutton Brett Kearney - GAMCO Investors Benjamin Thelen - Arosa Capital William Nicklin - Circle N Advisors Operator Hello, and welcome to the Hyster-Yale Q2 2022 Earnings Conference Call. My name is Alex.

Hyster-Yale Materials Handling, Inc. (HY) CEO Alfred Rankin on Q2 2022 Results - Earnings Call Transcript

Highlights:   Q2 2022 consolidated revenues increased 17.0% over Q2 2021 due to an 11.5% increase in shipments, primarily as a result of a 32.2% increase in EMEA lift truck shipments Q2 2022 consolidated and Lift Truck gross margins improved from the historically low Q4 2021 levels, but, as expected, decreased modestly compared with Q1 2022 gross margins due to additional commodity inflation resulting from the Russia/Ukraine conflict and adverse product mix Q2 2022 consolidated results were better than expected, but remained unprofitable with an operating loss of $15.7 million and a net loss of $19.4 million due to material and freight cost inflation, unfavorable manufacturing variances resulting from component shortages and the absence of $6.3 million of income recorded in 2021 associated with a favorable court ruling Manufacturing inefficiencies at the Lift Truck and Bolzoni segments associated with normal Q3 seasonal plant shutdowns combined with cuts in production volumes due to continued supply chain constraints, as well as unfavorable currency effects, are expected to lead to a significant consolidated Q3 2022 operating loss As the Lift Truck segment works through its low-margin backlog in the second half of 2022, margins are expected to improve again in the fourth quarter, which in turn is expected to lead to a substantially lower operating loss than in the first half of 2022, mainly driven by the expected strong operating profit in the fourth quarter of 2022 in the Americas segment. Results for the remainder of 2022 and in 2023 are expected to be below what was expected in the Q1 2022 earnings release due to lower than previously planned productions levels as a result of continued supply chain constraints Q2 2022 Bolzoni operating profit improved over Q1 2022 and Q2 2021, but 2022 second half improvement over 2021 is expected to be lower than the improvement in the first half of 2022 Nuvera operating results for the second half of 2022 are expected to improve due to the absence of impairment charges recognized in 2021 and expected lower production costs CLEVELAND , Aug. 2, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced consolidated revenues of $895.4 million, an operating loss of $15.7 million and a net loss of $19.4 million, or a loss of $1.15 per share, for the second quarter of 2022 compared with consolidated revenues of $765.6 million, operating profit of $5.9 million and net income of $1.9 million, or $0.11 per share, for the second quarter of 2021.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES SECOND QUARTER 2022 RESULTS

CLEVELAND , July 26, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2022 Second Quarter financial results and will file its 2022 Second Quarter 10-Q after the close of the market on Tuesday, August 2, 2022. 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 2022 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL

GREENVILLE, N.C. , May 9, 2022 /PRNewswire/ -- Hyster-Yale Group announces a dealer territory change for its lift truck brands in the Southern United States.

Hyster-Yale Group Announces Dealer Territory Change in Tennessee Hyster Brand

Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET Company Participants Christina Kmetko - IR Alfred Rankin - Chairman and CEO Rajiv Prasad - President Kenneth Schilling - SVP and CFO Conference Call Participants Steve Ferazani - Sidoti & Company Chip Moore - EF Hutton Brett Kearney - Gabelli Funds Operator Good day, and thank you for standing by, and welcome to the Hyster-Yale Quarter 1 2022 Earnings Conference Call. At this time all participants are in a listen-only mode.

Hyster-Yale Materials Handling, Inc. (HY) CEO Alfred Rankin on Q1 2022 Results - Earnings Call Transcript

GREENVILLE, N.C., May 05, 2022 (GLOBE NEWSWIRE) -- Hyster announces a non-binding Memorandum of Understanding to provide Hamburger Hafen und Logistik AG (HHLA) with two Hyster® electric container handling vehicles, including the first-ever empty container handler powered by fuel cell technology in a real-world application. In addition, this will be the first Hyster terminal tractor supplied in Europe. Both units will be powered by Nuvera® fuel cells and run on hydrogen fuel produced locally at the HHLA Hamburg Green Hydrogen Hub.

Hyster to provide Hamburger Hafen und Logistik AG with hydrogen fuel cell-powered empty container handler and terminal tractor

Highlights:   Q1 2022 revenues increased 13.0% over Q1 2021 due to a 7.2% increase in consolidated shipments primarily as a result of an 18.7% increase in Americas lift truck shipments Comparable revenues, favorable sales mix and the reinstatement of tariff exclusions led to improved Q1 2022 gross margins compared with Q4 2021 Q1 2022 results were better than expected in the Q4 2021 earnings release, but remained unprofitable with a consolidated operating loss of $18.3 million and a consolidated net loss of $25.0 million due to the following: Material and freight cost inflation, unfavorable manufacturing variances resulting from component shortages, charges of $3.2 million to establish reserves on Russian inventory and receivables, increased operating expenses, and Valuation allowances taken in 2021 that result in zero tax benefits on jurisdictions with losses but income tax expense in jurisdictions with income Lift Truck market growth rates moderated from early 2021 levels yet remain strong Q1 2022 lift truck bookings continue to exceed shipments as production continued to be disrupted by component shortages due to supplier and logistics constraints despite a reduced number of individual supplier issues Although Q2 2022 Lift Truck segment consolidated operating and net losses are expected to be greater than Q1 2022 due to inflation in backlog costs and adverse product mix, in Q3 and Q4 2022, as the Lift Truck segment works through its low-margin backlog, margins are expected to improve in each successive quarter, which in turn is expected to lead to a significantly lower operating loss in the third quarter and strong operating profit in the fourth quarter of 2022, and in 2023. However, results for the remainder of 2022 are expected to be lower than expected in the Q4 2021 earnings release due to higher material inflation resulting from the Russia/Ukraine conflict For Q1 2022, Bolzoni reported a return to profitability and expects continued improvement in the remainder of 2022 Nuvera 2022 operating results expected to improve due to the absence of impairment charges recognized in 2021 and expected lower production costs CLEVELAND , May 3, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced consolidated revenues of $827.6 million, an operating loss of $18.3 million and a net loss of $25.0 million, or a loss of $1.48 per share, for the first quarter of 2022 compared with consolidated revenues of $732.2 million, operating profit of $3.1 million and net income of $5.6 million, or $0.33 per share, for the first quarter of 2021.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES FIRST QUARTER 2022 RESULTS

CLEVELAND , April 26, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2022 First Quarter financial results and will file its 2022 First Quarter 10-Q after the close of the market on Tuesday, May 3, 2022. 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 2022 FIRST QUARTER EARNINGS RELEASE AND CONFERENCE CALL

GREENVILLE, N.C., March 30, 2022 (GLOBE NEWSWIRE) -- The Yale® narrow aisle reach truck, a lift truck designed for success in high-density warehousing applications, has been recognized with a 2021 GOOD DESIGN Award. The reach truck is also the winner of 2020 Product of the Year Awards from both Material Handling Product News and Plant Engineering, respectively.

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