Hyster-Yale Stock Price, News & Analysis

Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its 2023 First Quarter financial results on May 2, 2023, after market close. Following this, a conference call will be held on May 3, 2023, at 11:00 a.m. Eastern Time to discuss the results. Interested participants can register for the call through a dedicated link provided in the press release. The call will also be available via a live webcast on the company's Investor Relations website. A replay of the call will be accessible shortly after its conclusion.

Hyster-Yale is known for offering a range of materials handling solutions, including lift trucks and attachments, primarily under the Hyster and Yale brands, with operations in multiple global markets.

Yale Lift Truck Technologies has expanded the availability of its Yale Reliant™ operator assist solution to 18 lift truck models, including the VNA turret truck and enclosed end rider. The solution, which launched in 2021, employs advanced detection technologies to monitor truck and load status and automatically adjusts performance to enhance safety. With over 2,500 units deployed, Yale Reliant is designed to reduce accidents in warehouses, where nearly 100,000 forklift-related injuries occur annually. The technology is also a finalist for the 2023 Edison Awards, reinforcing its recognition in the industry.

Hyster-Yale Materials Handling (HY) reported record consolidated revenues of $985.2 million for Q4 2022, an increase of 18.7% year-over-year. The company achieved a consolidated operating profit of $19.8 million and net income of $7.6 million, rebounding from losses in previous quarters.

The lift truck segment saw increased average sales prices and profitability despite ongoing component shortages. Looking ahead, a substantial increase in consolidated net income is anticipated for the full year 2023 as the company improves profitability across its Lift Truck and Bolzoni businesses.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) announced that it will release its 2022 Fourth Quarter and Full Year financial results on February 27, 2023, after market close. A conference call is scheduled for 11:00 a.m. ET on February 28, 2023 to discuss the results. Investors can register for the call and access a live webcast on the company’s Investor Relations website. The company’s subsidiaries include Hyster-Yale Group, Inc. and Bolzoni S.p.A, focusing on manufacturing lift trucks and attachments.

On February 14, 2023, Hyster-Yale Materials Handling (NYSE: HY) announced a regular cash dividend of 32.25 cents per share. This dividend applies to both Class A and Class B Common Stock and will be distributed on March 15, 2023. Stockholders of record as of March 1, 2023 will receive this payment. The company's robust position in materials handling solutions and diversified product offerings under the Hyster and Yale brands underscore its commitment to shareholder returns.

Hyster Company has launched the H40-70A series, featuring a lift truck platform designed to enhance operator performance while minimizing ownership costs. With a lifting capacity of 4,000 to 7,000 pounds, these trucks incorporate the Dynamic Stability System (DSS) for improved safety. The A Series platform allows for customizable options tailored to specific applications, promoting efficiency and budget control. Ergonomic enhancements ensure operator comfort and productivity. Hyster's innovative design philosophy, A+ Logic, aims to deliver solutions tailored to diverse customer needs, reinforcing its commitment to the market.