Hyster-Yale Stock Price, News & Analysis

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.

On November 15, 2022, Hyster-Yale Materials Handling (NYSE: HY) declared a cash dividend of 32.25 cents per share, payable on December 15, 2022. This dividend applies to both Class A and Class B Common Stock, with a record date of December 1, 2022. The company continues to support its shareholders through consistent dividend payments, reflecting its ongoing commitment to delivering shareholder value.

Hyster-Yale Materials Handling reported a Q3 2022 consolidated revenue of $840.1 million, up 12.3% from Q3 2021, driven by higher lift truck prices and parts volumes. The consolidated operating loss improved to $(24.9 million), nearly $30 million better than the previous year. Net debt reduced by $28.6 million. The company anticipates a return to profitability in Q4 2022, despite challenges from unfavorable currency effects and ongoing market constraints. The average sales price per unit backlog rose 38% year-over-year.

Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its 2022 Third Quarter financial results on November 1, 2022, after market close. A conference call will be held on November 2, 2022, at 11:00 a.m. Eastern Time to discuss the results. Registration for the call is available online, and a replay will be accessible after the call concludes. The firm offers comprehensive materials handling solutions, primarily under the Hyster® and Yale® brands, and has global subsidiaries including Bolzoni S.p.A. and Nuvera Fuel Cells.

Hyster Company has launched the first hydrogen fuel cell-powered top-pick container handler, tested at Fenix Marine Services in Los Angeles. Utilizing two 45kw hydrogen fuel cells from Nuvera, the handler aims to provide up to 10 hours of operation on a 15-minute refuel time, eliminating harmful emissions. Supported by a grant from the California Air Resources Board, this innovation aligns with Clean Air Action Plan 2030 objectives and promotes hydrogen as a viable zero-emission fuel. This initiative is part of a broader commitment by the parent company, CMA CGM Group, towards sustainability and net-zero carbon by 2050.

Hyster-Yale Materials Handling (NYSE: HY) has announced a cash dividend of 32.25 cents per share for its Class A and Class B Common Stock. This dividend will be paid on September 15, 2022, to shareholders on record as of the close of business on September 1, 2022. This consistent dividend declaration reflects the company's ongoing commitment to returning value to its shareholders.

Hyster-Yale Materials Handling, Inc. (NYSE: HY) has announced the retirement of Kenneth C. Schilling, CFO, effective December 31, 2022, after 31 years with the company. Scott A. Minder, currently Vice President at ATI Inc., will succeed him as CFO on August 29, 2022. Schilling will assist in the transition as a Special Financial Advisor until his retirement. Under Schilling’s leadership, the company navigated its spin-off from NACCO Industries and made significant strides in strategic financial initiatives, setting the stage for future growth.

Hyster-Yale Materials Handling reported Q2 2022 revenues of $895.4 million, up 17% from Q2 2021. Despite increased shipments in EMEA, the company faced an operating loss of $15.7 million and a net loss of $19.4 million due to inflation from the Russia/Ukraine conflict and component shortages. Shipments rose by 11.5%, but bookings declined sharply by 50% compared to Q1 2022. The company forecasts improved margins in Q4 2022 as production aligns with higher price points. Significant operating losses are expected in Q3 2022 due to seasonal shutdowns and ongoing supply constraints.