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 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Hyster-Yale reports solid Q4, eyes debt reduction and automation

HY's strong Q4 performance and strategic focus on profitability and debt reduction position the company for growth.
Challenges include managing cost inflation, recession impacts, and working capital trends for sustained performance.
Opportunities lie in technology investments, automation, and attachment sales growth, driving efficiency and competitive advantage.

Hyster-Yale Materials Handling reports strong Q1 performance and growth opportunities

HY's Q1 performance reflects strong revenue and profit growth, with a focus on higher-margin orders and strategic initiatives for long-term sustainability.
Challenges include production issues, market volume expectations, and addressing operational losses in certain segments.
Opportunities lie in fuel cell adoption, market visibility expansion, and exploring new applications for Nuvera's technology.

Hyster-Yale Materials Handling (HY) reports robust Q2 performance and strategic leadership transition

Hyster-Yale Materials Handling (HY) delivered a strong performance in Q2 2023, marked by revenue growth and operational improvements despite industry challenges. Strategic initiatives, succession planning, and a focus on higher-margin orders demonstrate a commitment to long-term growth and financial stability. The company's efforts to address challenges and capitalize on opportunities position it for continued success in the market.

Hyster-Yale reports robust Q3 results, eyes profitability and innovation

Hyster-Yale Materials Handling (HY) demonstrated strong financial performance in Q3 2023, with revenue growth, improved profitability, and positive outlook for future quarters.
Despite challenges in the Lift Truck market and inflationary cost pressures, the company's focus on efficiency, profitability, and cash flow improvement positions it well for sustained growth.
Opportunities for innovation, market expansion, and strategic investments present avenues for Hyster-Yale to further enhance its competitive position and drive long-term value creation.
Overall, Hyster-Yale's Q3 performance reflects resilience, adaptability, and strategic foresight, underpinned by a commitment to operational excellence and financial health.

Hyster-Yale Materials Handling reports strong Q4 performance and eyes market opportunities

Hyster-Yale Materials Handling (HY) delivered a strong performance in Q4 2023, with over $1 billion in revenues and notable margin improvement, despite challenges in product launches and component supply.
The company faces challenges from market slowdown, skilled labor shortages, and tariff impacts, but sees opportunities in market share gains, electrification solutions, and modular design for long-term growth.
With a substantial backlog, strong parts sales, and active programs in key markets, HY is positioned for stability and growth, although higher capital expenditures and market cancellations pose short-term challenges.
Overall, HY's strategic focus on market trends and operational efficiencies positions them well for navigating current challenges and capitalizing on future opportunities for growth and profitability.

Hyster-Yale Materials Handling reports record revenues and profit margins in Q1 2024

Hyster-Yale Materials Handling delivered a strong financial performance in Q1 2024 with record revenues and improved profit margins, driven by strategic initiatives and product innovations.
While facing challenges such as moderating global bookings and decreased backlog levels, the company remains optimistic about increasing shipments and addressing market demand throughout 2024.
With a focus on operational efficiency, innovation, and cost management, Hyster-Yale Materials Handling is well-positioned to capitalize on growth opportunities and navigate market challenges effectively.

Hyster-Yale reports resilient Q2 results amid market challenges and innovation

Hyster-Yale Materials Handling delivered strong Q2 results amidst a challenging global lift truck market, showcasing resilience and strategic adaptability.
Nuvera's innovative hydrogen-powered generator product holds promise for future growth in the hydrogen fuel cell industry despite initial adoption challenges.
The company's focus on financial efficiency and market expansion positions it well to navigate market uncertainties and drive sustainable growth in the future.

Hyster-Yale reports Q3 challenges but eyes growth opportunities ahead

Hyster-Yale Materials Handling (HY) navigated through challenges in Q3 2024, maintaining a strong foundation and focusing on operational efficiencies. Despite market uncertainties, the company is poised for growth through strategic initiatives and market share gains.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Hyster-Yale, 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.

Hyster-Yale Materials Handling had an impressive run on the chart across FY'23, but has rolled over in recent weeks. HY has a robust competitive position with its global brand, but high capital requirements and low operating margins hinder its economic value. Despite strong Q2 numbers, HY's return on capital invested is low, leaving little room for FCF growth or significant business expansion.

Hyster-Yale Materials: Rally Fully Extended, Economic Value Absent At Current Numbers

Air Products and Chemicals

Bloom Energy

FuelCell Energy

New Linde PLC

Plug Power

Now is a great time to be looking for hydrogen stocks to buy. Hydrogen stocks only continue to gain momentum as the shift toward decarbonization of energy production moves forward.

7 Hot Hydrogen Stocks With Massive Upside

Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q2 2023 Earnings Conference Call August 2, 2023 11:00 AM ET Company Participants Christina Kmetko - IR Al Rankin - Executive Chairman Rajiv Prasad - President and CEO Scott Minder - SVP and CFO Conference Call Participants Operator Hello and thank you for standing by. My name is Regina and I will your conference operator today.

Hyster-Yale Materials Handling, Inc. (HY) Q2 2023 Earnings Call Transcript

Q2 2023 Highlights:   Consolidated revenues of $1.1 billion increased 22% over Q2 2022 due to higher sales volumes and pricing Consolidated operating profit of $58.8 million compared with a loss in Q2 2022 Lift Truck operating profit and margin of $62.5 million and 6.0% were significantly ahead of expectations due to higher pricing and improved sales mix Average sales price per backlog unit increased 23% over Q2 2022 and 5% over Q1 2023 Bolzoni operating profit of $5.4 million increased 59% over Q2 2022 H2 2023 Outlook: Substantial second-half consolidated net income is projected, including seasonally lower third-quarter results CLEVELAND , Aug. 1, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) reported the following consolidated results for the three and six months ended June 30, 2023. Comparisons in this news release are to the three months ended June 30, 2022, unless otherwise noted.

HYSTER-YALE MATERIALS HANDLING ANNOUNCES SECOND QUARTER 2023 RESULTS

CLEVELAND , July 25, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its 2023 Second Quarter financial results after the close of the market on Tuesday, August 1, 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 SECOND QUARTER EARNINGS RELEASE AND CONFERENCE CALL

Hyster-Yale's bottom line is improving and it appears to be undervalued.

Hyster-Yale Materials Handling: Good Growth and Attractive Valuation

Hyster-Yale Materials Handling, Inc. (NYSE:HY ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Christina Kmetko – Investment Relations Rajiv K. Prasad – President Scott A.

Hyster-Yale Materials Handling, Inc. (HY) Q1 2023 Earnings Call Transcript

CLEVELAND , May 3, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) announced today its attendance at two upcoming investor conferences: Thursday, May 11, 2023 - The Inaugural EF Hutton Global Conference located at The Plaza Hotel, New York, and Wednesday, May 31, 2023 - The KeyBanc Capital Markets Industrials & Basic Materials Conference located at the Intercontinental Hotel in Boston, Massachusetts. Scott Minder, the Company's Chief Financial Officer and Treasurer will host in-person investor meetings to discuss Hyster-Yale's recent performance momentum and future market opportunities with investors.

HYSTER-YALE MATERIALS HANDLING, INC. TO ATTEND UPCOMING INVESTOR CONFERENCES

Maintenance-free system leverages four subsystems, limits travel speed, truck lean and tilt in real time Maintenance-free system leverages four subsystems, limits travel speed, truck lean and tilt in real time

Hyster introduces forklift stability control system to help support safety initiatives, adherence to best practices

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.

News for Hyster-Yale Materials Handling Stock (HY)