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Hyster-Yale, Inc. - HY STOCK NEWS

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

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Hyster-Yale (NYSE: HY) has unveiled a new corporate logo following its name change, effective as of May 31, 2024. This rebranding aims to unify the company's identity and reinforce its commitment to high-quality, innovative solutions across its diverse brands, including Hyster®, Yale®, Maximal®, Bolzoni®, Auramo®, Meyer®, Nuvera Fuel Cells®, and Sumitomo NACCO. Rajiv Prasad, President and CEO, emphasized that the new logo reflects the company's dedication to delivering exceptional customer care and optimal solutions. The operating subsidiary, now named Hyster-Yale Materials Handling, also introduced a new logo to signify its dedication to excellence.

Hyster-Yale is a globally integrated company offering a full line of lift trucks and materials handling solutions, including hydrogen fuel cell power products. The company aims to transform materials handling from port to home and enhance productivity at the lowest cost of ownership while providing exceptional customer care.

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Hyster-Yale Materials Handling, Inc. (HY) increased its quarterly cash dividend from 32.5 cents to 35 cents per share. The dividend will be payable on June 14, 2024, to stockholders of record on May 31, 2024. HY is a globally integrated company offering lift trucks, attachments, and hydrogen fuel cell power products.

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Hyster-Yale Materials Handling, Inc. reported strong Q1 2024 results with consolidated operating profit of $83.8 million, up 97% from Q1 2023, and revenues of $1.1 billion, up 6%. Lift Truck business saw a 6% revenue growth with improved sales mix and higher average lift truck sales prices. Nuvera faced a decrease in revenues due to funding from the U.S. Department of Defense offsetting profit. The Company expects full-year 2024 results to surpass expectations and improve over 2023.

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Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its First Quarter 2024 financial results on May 7, 2024, followed by a webcast on May 8, 2024. The company provides lift trucks and solutions, including hydrogen fuel cell power products, to meet materials handling needs.

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Hyster-Yale Materials Handling, Inc. (HY) announced a corporate name change to Hyster-Yale, Inc. The change aims to align with the company's evolved business structure, emphasizing its core Lift Truck business. The name changes will be effective on May 31, 2024, unifying the company's three segments under the Hyster-Yale umbrella.
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Yale Lift Truck Technologies introduces standalone availability of its advanced dynamic stability (ADS) offering, enhancing warehouse operations with improved forklift stability. ADS can now be independently added to Yale models, providing a cost-effective solution for operations with varying needs. The technology aims to prevent forklift tip overs and enhance safety in warehouses amid a significant increase in workforce numbers. Demonstrations at MODEX showcase ADS and other Yale Reliant technologies, highlighting their effectiveness in maintaining stability and reducing safety risks.
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Hyster Company partners with APM Terminals to deliver 10 battery-powered terminal tractors for the Port of Mobile in Alabama, part of a $60 million electrification investment. APM Terminals aims to achieve net zero emissions by 2040, with Hyster's electric tractors playing a key role in decarbonizing container handling equipment.
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Hyster-Yale Materials Handling, Inc. reported impressive Q4 and full-year 2023 results with consolidated operating profit up 146% in Q4, revenue growth of $42 million, and net income of $25.2 million. The Lift Truck business saw significant improvements in operating profit and margins. Despite challenges like lower unit volumes, the Company remains optimistic about future growth.
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Hyster-Yale Materials Handling, Inc. (HY) will announce its Q4 and FY 2023 financial results on February 27, 2024, followed by a webcast on February 28, 2024, to discuss the results.
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Hyster-Yale Materials Handling, Inc. (HY) declares a regular cash dividend of 32.5 cents per share for both Class A and Class B Common Stock, payable on March 15, 2024, to stockholders of record on March 1, 2024.
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Hyster-Yale, Inc.

NYSE:HY

HY Rankings

HY Stock Data

1.33B
14.03M
16.69%
62.28%
4.15%
Iron and Steel Forging
Manufacturing
Link
United States of America
CLEVELAND