Hyster-Yale(HY)

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Hyster-Yale(HY) - 2020 Q1 - Quarterly Report
2020-05-21 21:03
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...
Hyster-Yale(HY) - 2020 Q1 - Earnings Call Transcript
2020-05-10 08:19
Financial Data and Key Metrics Changes - Consolidated revenues for Q1 2020 decreased to $785.7 million, down 5.9% from the previous year, primarily due to lower market volume in Europe and China and the impact of COVID-19 [10] - Consolidated operating profit increased to $20.2 million from $3.4 million last year, mainly due to improved earnings in the Lift Truck business' Americas segment [10] - Net income improved to $15.3 million or $0.91 per share from $3.4 million or $0.20 per share in the prior year quarter [10][11] Business Line Data and Key Metrics Changes - Lift Truck business revenues decreased to $747.4 million from $788 million in 2019, primarily due to lower shipments in EMEA and JAPIC, partially offset by higher shipments in the Americas [13] - Bolzoni segment reported net income of $2.7 million and revenues of $87.9 million, compared to net income of $300,000 and revenues of $91.8 million in the previous year [16] - Nuvera's revenues were $1.4 million, down from $4.5 million in the prior year, attributed to reduced development funding and fewer sales of fuel cell battery box replacements [17] Market Data and Key Metrics Changes - The global Lift Truck market decreased by 12% in Q1 2020 compared to Q4 2019, largely due to the initial impact of COVID-19 in China [23] - Significant decline in bookings anticipated in Q2 across all geographic regions due to widespread lockdown measures [24] Company Strategy and Development Direction - The company is focused on aggressive cost containment actions, targeting $80 million to $110 million in operating expense savings for 2020 [26] - Strategic programs are still moving forward, but some projects have been delayed to reduce operating expenses and capital expenditures [28] - The company is navigating through the crisis with a substantial backlog, which provides production support for the remainder of 2020 [30] Management's Comments on Operating Environment and Future Outlook - The management indicated that the global economy is likely entering a deep recession due to COVID-19, with uncertainty regarding the duration and severity of the downturn [19] - The impact of COVID-19 on financial and operational results will depend on the severity and duration of the economic downturn and its effect on demand for products [20] - Management expects different industries to recover at varying rates, with a focus on monitoring individual markets [36] Other Important Information - The company is implementing health and safety protocols to protect employees while maintaining operations [25] - As of March 31, 2020, the company had a cash position of $50 million and debt of $340.1 million, with unused borrowing capacity of approximately $194 million [29] Q&A Session Summary Question: Regarding the cost actions taken, how much of these cost cuts are permanent? - Management stated that if conditions return to pre-COVID-19 levels, they would want to reinstate expenses, but if conditions do not improve, they will not restore the full cost structure [34] Question: Have any signs of stabilization been noticed since the severe weeks in April? - Management indicated it is too early to see any real indications of stabilization, with different regions reopening at different rates [35] Question: Can you provide an update on Nuvera and the Chinese bus customer? - Management noted that discussions with regional governments about switching to fuel cell-based solutions are ongoing, and activities have resumed post-COVID-19 [44] Question: How have order trends been geographically? - Management observed that April was severely impacted by COVID-19 lockdowns, with no significant differences in order trends across regions [45]
Hyster-Yale(HY) - 2019 Q4 - Earnings Call Transcript
2020-02-26 23:08
Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q4 2019 Earnings Conference Call February 26, 2020 11:00 AM ET Company Participants Christina Kmetko - Investment Relations Kenneth Schilling - SVP & CFO Alfred Rankin - Chairman, President & CEO Rajiv Prasad - President & CEO, Hyster-Yale Group, Inc. Conference Call Participants Joseph Vidich - Manalapan Oracle Joseph Mondillo - Sidoti & Company Michael Shlisky - Dougherty & Company Brett Kearney - Gabelli Funds Operator Ladies and gentlemen, thank you for sta ...
Hyster-Yale(HY) - 2019 Q4 - Annual Report
2020-02-25 22:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2019 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No. 000-54799 HYSTER-YALE MATERIALS HANDLING, INC. (Exact name of registrant as specified in its charter) | Delaware | 31-1637659 | | --- | --- | | (State or other jurisdiction of ...
Hyster-Yale Materials Handling (HY) Presents At Southwest IDEAS Investor Conference - Slideshow
2019-11-21 21:51
MATERIALS HANDLING Mass Customization 2019 SOUTHWEST IDEAS INVESTOR CONFERENCE Electrification WEDNESDAY, NOVEMBER 20 Automation Digitization Globalization Safe Harbor Statement & Disclosure This presentation includes forward-looking comments subject to important risks and uncertainties. It may also contain financial measures that are not in conformance with accounting principles generally accepted in the United States of America (GAAP). Refer to Hyster-Yale's reports filed on Forms 8-K (current), 10-Q (qua ...
Hyster-Yale Materials Handling (HY) Presents At Baird Global Industrial Conference - Slideshow
2019-11-19 18:02
NY HYSTER-YALE M A T E R I A L S H A N D L I N G Baird 2019 Industrial Conference Solutions for a changing world Wednesday, November 6, 2019 Safe Harbor Statement & Disclosure 2 This presentation includes forward-looking comments subject to important risks and uncertainties. It may also contain financial measures that are not in conformance with accounting principles generally accepted in the United States of America (GAAP). Refer to Hyster-Yale's reports filed on Forms 8-K (current), 10-Q (quarterly), and ...
Hyster-Yale(HY) - 2019 Q3 - Earnings Call Transcript
2019-11-02 10:21
Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q3 2019 Results Earnings Conference Call October 30, 2019 11:00 AM ET Company Participants Christina Kmetko - Investor Relations Alfred Rankin - Chairman, President and Chief Executive Officer Colin Wilson - President & Chief Executive Officer Kenneth Schilling - Senior Vice President and Chief Financial Officer Conference Call Participants Joe Mondillo - Sidoti & Company Operator Ladies and gentlemen, thank you for standing by and welcome to the Hyster-Yale Ma ...
Hyster-Yale(HY) - 2019 Q3 - Quarterly Report
2019-10-29 23:35
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE ...
Hyster-Yale(HY) - 2019 Q2 - Quarterly Report
2019-07-30 21:14
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...
Hyster-Yale(HY) - 2019 Q1 - Quarterly Report
2019-04-30 21:12
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...