Hyster-Yale Stock Price, News & Analysis

Hyster has signed a non-binding Memorandum of Understanding with Hamburger Hafen und Logistik AG (HHLA) to provide two electric container handling vehicles, including the first empty container handler powered by fuel cell technology. This partnership aims to support HHLA's 'Clean Port and Logistics' initiative to achieve climate neutrality by 2040, utilizing Nuvera fuel cells and hydrogen fuel produced locally. The initial delivery of the terminal tractor is anticipated by late 2022, with the empty container handler following in early 2023.

Hyster-Yale Materials Handling reported Q1 2022 revenues of $827.6 million, up 13.0% from Q1 2021, driven by a 7.2% increase in shipments. Despite revenue growth, the company faced an operating loss of $18.3 million and a net loss of $25.0 million. Factors affecting profitability included material and freight cost inflation, component shortages, and reserve charges on Russian inventory. The outlook for Q2 2022 indicates expected greater losses, but improvements are anticipated in Q3 and Q4 as the backlog is addressed. Bolzoni and Nuvera also reported improved revenues and operational adjustments.

Hyster-Yale Materials Handling (NYSE:HY) announced its 2022 First Quarter financial results release on May 3, 2022, post-market close. A conference call is scheduled for May 4, 2022, at 11:00 a.m. Eastern Time to discuss these results. Investors are encouraged to register for the call via a provided link, ensuring timely connection. The call will also be streamed live on Hyster-Yale's Investor Relations website, with a replay available afterward, emphasizing the company's commitment to keeping stakeholders informed.

The Yale narrow aisle reach truck has received the 2021 GOOD DESIGN Award, following its recognition as Product of the Year in 2020 from both Material Handling Product News and Plant Engineering. Designed for high-density warehousing, it enhances productivity by up to 7% per truck per shift and uses 20% less energy than competitors. With ergonomic features to boost operator comfort and a serviceability design that saves up to $2,500 annually in maintenance, the truck offers improved visibility, increasing safety and efficiency. Currently available for order, it supports load capacities from 3,000 to 4,500 pounds.

Hyster-Yale Materials Handling (HY) reported Q4 2021 results showing a revenue increase of 15.3% year-over-year, totaling $829.7 million. Despite this growth, the company faced significant challenges with a consolidated operating loss of $107 million largely due to a $55.6 million goodwill impairment and rising material costs. Bookings rose 16.5%, but production was disrupted by component shortages. Looking ahead, HY expects improved margins in 2022 as it navigates its backlog and rising costs, projecting profitability by Q4 2022.

Hyster-Yale Materials Handling (NYSE: HY) announced a cash dividend of 32.25 cents per share, payable on March 22, 2022, to stockholders of record by March 8, 2022. This dividend applies to both Class A and Class B Common Stock, demonstrating the company's commitment to returning value to shareholders. Hyster-Yale specializes in materials handling solutions and operates globally under the Hyster® and Yale® brands.

Hyster-Yale Materials Handling (NYSE:HY) will release its 2021 Fourth Quarter and Full Year financial results on February 28, 2022, after market close. A conference call to discuss these results will occur on March 1, 2022, at 11:00 a.m. ET.

Interested parties can register through the provided link, and the call will also be available via webcast on the company's Investor Relations website. A replay of the call will be accessible post-event.