Hyster-Yale Stock Price, News & Analysis

Hyster-Yale Materials Handling (NYSE:HY) will participate in the Bank of America 2021 Leveraged Finance Virtual Conference on November 30, 2021. The presentation starts at 7:30 a.m. ET and will be available via a live webcast on the company's investor website at least 15 minutes before the event. Hyster-Yale, based in Cleveland, Ohio, specializes in lift trucks and aftermarket parts, serving global markets primarily under the Hyster and Yale brands.

On November 17, 2021, Hyster-Yale Materials Handling (NYSE: HY) declared a regular cash dividend of 32.25 cents per share, payable on December 15, 2021. Shareholders on record as of December 1, 2021, will receive this dividend for both Class A and Class B Common Stock. Hyster-Yale is known for its extensive range of materials handling solutions through its primary brands, Hyster® and Yale®, alongside subsidiaries like Bolzoni S.p.A. and Nuvera Fuel Cells.

Hyster-Yale reported Q3 2021 revenues of $748.2 million, a 14.7% increase from Q3 2020, but with a net loss of $77.2 million, or $4.59 per share, compared to a net income of $5.1 million in Q3 2020. Bookings surged 63.4% YoY but fell 20.9% from Q2 2021. The company faced significant production disruptions due to component shortages and inflation, leading to a consolidated operating loss of $54.3 million. The Lift Truck segment saw revenue growth despite substantial cost increases, while Nuvera experienced losses due to reduced sales prospects and inventory adjustments.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) will participate in Baird's 2021 Virtual Global Industrial Conference on November 9, 2021. The management's presentation is scheduled for 4:20 p.m. and will be available via webcast. Interested parties can access the webcast by visiting Hyster-Yale's investor page at least 15 minutes before the event. Hyster-Yale provides a variety of materials handling solutions and includes subsidiaries like Hyster-Yale Group and Nuvera Fuel Cells, LLC.

Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2021 Third Quarter financial results on November 2, 2021, after market close. A conference call to discuss these results is scheduled for 11:00 a.m. ET on November 3, 2021. Participants can register for the call through a provided link or access it via Hyster-Yale's Investor Relations website. A replay will be available post-call. Hyster-Yale offers a range of materials handling solutions under the Hyster® and Yale® brands, with additional subsidiaries focusing on attachments and alternative power technologies.

Hyster-Yale Materials Handling (NYSE:HY) will participate in the Sidoti 2021 Fall Virtual Small Cap Conference on September 22, 2021, at 1:00 pm ET. The presentation will be available via webcast, accessible through the company's website at www.hyster-yale.com. Hyster-Yale, based in Cleveland, Ohio, provides varied solutions for materials handling and operates under the Hyster® and Yale® brands, along with subsidiaries like Nuvera Fuel Cells and Bolzoni S.p.A.

Hyster-Yale Materials Handling (NYSE: HY) declared a regular cash dividend of 32.25 cents per share. This dividend applies to both Class A and Class B Common Stock, with a payment date of September 15, 2021. Stockholders on record by the close of business on September 1, 2021 will receive the dividend. Hyster-Yale designs and manufactures lift trucks and aftermarket parts, with operations also in alternative-power technology through its subsidiary Nuvera Fuel Cells.

Hyster-Yale Materials Handling reported Q2 2021 consolidated revenues of $765.6 million, a 17.0% increase from Q2 2020, despite net income falling to $1.9 million ($0.11 per share). Record bookings of 46,900 units were achieved, but shipments rose only 12.9% due to component shortages and freight cost inflation totaling $11.0 million. Operating profit declined to $5.9 million from $8.7 million year-over-year. A favorable $6.3 million tax ruling in Brazil was noted, counterbalanced by the absence of past government subsidies. The company anticipates lower profits in H2 2021 as costs and supply chain issues persist.

Hyster-Yale Materials Handling (NYSE:HY) will release its 2021 Second Quarter financial results after the market closes on August 3, 2021. A conference call to discuss these results is scheduled for August 4, 2021, at 11:00 a.m. Eastern Time. Investors can register for the call through a provided link, which also offers a live webcast option on the company's Investor Relations website. A replay will be available post-call, demonstrating the company's commitment to transparency and investor engagement.