Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q2 2020 Earnings Conference Call August 5, 2020 11:00 AM ET Corporate Participants Christina Kmetko - Investment Relations Al Rankin - Chairman, President and Chief Executive Officer Rajiv Prasad - President and Chief Executive Officer, Hyster-Yale Group, Inc. Ken Schilling - Senior Vice President and Chief Financial Officer Conference Call Participants Joseph Mondillo - Sidoti & Co. Operator Ladies and gentlemen, thank you for standing by, and welcome to the ...

Financial Performance - Total revenues for the second quarter of 2020 were $654.4 million, a decrease of 23.6% compared to $856.2 million in the same period of 2019[8] - Gross profit for the second quarter of 2020 was $103.6 million, down 25.7% from $139.4 million in the second quarter of 2019[8] - Net income attributable to stockholders for the second quarter of 2020 was $3.6 million, a decline of 77.8% compared to $16.2 million in the same quarter of 2019[8] - Basic earnings per share for the second quarter of 2020 were $0.21, down from $0.97 in the same quarter of 2019[8] - The net income for the quarter ending June 30, 2020, was $3.6 million, compared to $16.2 million for the same period in the previous year, reflecting a decrease of approximately 77.8%[12] - The Company reported total revenues of $654.4 million for the three months ended June 30, 2020, with significant contributions from dealer sales ($346.9 million) and aftermarket sales ($118.2 million) [33] - Revenues decreased by 23.6% to $654.4 million in Q2 2020 from $856.2 million in Q2 2019, primarily due to lower unit and parts volumes across all geographic segments[94] - Net income attributable to stockholders was $3.6 million in Q2 2020, a decrease of 77.8% from $16.2 million in Q2 2019[8] - Diluted earnings per share dropped by 78.4% to $0.21 in Q2 2020 from $0.97 in Q2 2019[90] - Operating profit decreased by 62.0% to $8.7 million in Q2 2020 compared to $22.9 million in Q2 2019, mainly due to lower gross profit[95] Assets and Liabilities - Total assets decreased to $1,734.9 million as of June 30, 2020, from $1,847.2 million as of December 31, 2019, representing a decline of 6.1%[7] - Total liabilities decreased to $1,171.2 million as of June 30, 2020, down from $1,270.2 million as of December 31, 2019, a reduction of 7.8%[7] - Cash and cash equivalents at the end of the second quarter of 2020 were $60.5 million, a decrease from $64.6 million at the end of 2019[11] - The total stockholders' equity as of June 30, 2020, was $563.7 million, down from $570.1 million as of March 31, 2020[12] Cash Flow and Dividends - The company reported a net cash used for operating activities of $12.0 million for the six months ended June 30, 2020, compared to $70.9 million for the same period in 2019[11] - Cash dividends declared during the quarter totaled $5.3 million, a slight increase from $5.2 million in the previous quarter[12] - The company paid cash dividends of $10.6 million during the six months ended June 30, 2020, compared to $10.4 million in the same period of 2019[11] Cost Management and Operational Efficiency - The company plans to continue focusing on cost management and operational efficiency to navigate the current market challenges[8] - The Company has initiated several cost reduction measures, including spending and travel restrictions, significant reductions in temporary personnel, and salary reductions, to ease liquidity pressure over the next twelve months [21] - The Company has realized approximately $28 million in cost savings through June 30, 2020, as part of a broader initiative targeting $50 million to $75 million in operating expense savings for 2020[132] Market and Production Adjustments - Production was significantly reduced or suspended at the Company's Chinese and European facilities during the first half of 2020 due to the adverse effects of COVID-19 on economic activity and demand for products [21] - The Company has adjusted production levels at its manufacturing plants to align with reduced demand and is working closely with suppliers to ensure continuity when the market improves [21] - The global lift truck market decreased by 22% in Q2 2020 compared to Q1 2020 and 25% compared to Q2 2019 due to pandemic-related shutdowns[127] Revenue Recognition and Accounting - The Company recognizes revenue when control of the trucks, parts, or services is transferred to the customer, with payment terms varying by customer type and location [27] - The Company’s financial statements are prepared in accordance with U.S. generally accepted accounting principles, and all necessary adjustments for fair presentation have been included [22] - The Company is currently evaluating the impact of recently issued accounting standards on its financial position and results of operations [24] Inventory and Manufacturing - The company reported a total inventory of $521.4 million as of June 30, 2020, down from $559.9 million at the end of 2019, reflecting a decrease of approximately 6.8%[63] - The company’s finished goods and service parts inventory increased to $280.5 million as of June 30, 2020, from $276.2 million at the end of 2019, reflecting an increase of approximately 0.8%[63] - The company’s total manufactured inventories decreased from $608.8 million at December 31, 2019, to $571.1 million at June 30, 2020, a decline of approximately 6.2%[63] Subsidiaries and Joint Ventures - Hyster-Yale's subsidiary, Nuvera Fuel Cells, focuses on developing hydrogen fuel-cell technology, which is a key area of innovation for the company[19] - The company continues to expand its market presence through its subsidiary Bolzoni, which specializes in lift-truck attachments and industrial material handling solutions[18] - The Company operates a 50%-owned joint venture, Sumitomo NACCO Forklift Co., Ltd., which has manufacturing facilities in Japan, the Philippines, and Vietnam [20] Tax and Legal Matters - The reported income tax rate for the first half of 2020 was 8.4%, down from 22.7% in the same period of 2019[44] - The company recognized a discrete tax benefit of $4.3 million related to uncertain tax positions during Q2 2020[44] - The company’s Brazilian legal advisors estimated a refund of approximately $18 million related to overpaid taxes, based on a favorable judicial decision[71]

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 ...

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 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 ...

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 ...

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 ...

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 ...

Financial Data and Key Metrics Changes - Consolidated revenues for Q3 2019 decreased to $766 million from $783.9 million in Q3 2018, while consolidated operating profit increased significantly to $19.5 million from $12.2 million [6] - Net income for Q3 2019 decreased to $12.6 million or $0.76 per share from $15.4 million or $0.93 per share in the prior year [7] Business Line Data and Key Metrics Changes - Lift Truck business revenue decreased to $725.3 million from $740.8 million, with modest revenue increases in the Americas offset by declines in EMEA and JAPIC [8] - Bolzoni reported revenues of $75.8 million with a net income of $700,000, down from $84.4 million and $1.4 million respectively in the previous year [12] - Nuvera's revenues increased to $2.4 million from $2 million, but net loss decreased to $5.8 million from $6.4 million [13] Market Data and Key Metrics Changes - The Americas experienced modest revenue increases primarily due to price increases, while EMEA and JAPIC saw revenue declines [8] - The overall market for forklifts is projected to show some softening, with North America stabilizing around normalized levels compared to 2018 [59][60] Company Strategy and Development Direction - The company is focusing on six strategic initiatives expected to transform competitiveness and economic performance over the next three to five years [14] - New product launches, including modular and scalable counterbalance trucks, are anticipated to significantly impact results in 2020 [17][18] - The company aims to achieve a 7% operating profit margin target by 2023, assuming reasonable market conditions continue [29] Management's Comments on Operating Environment and Future Outlook - Management noted that supply chain constraints are expected to ease by the end of 2019, which should improve operational performance [25] - The company anticipates significant improvements in operating profit and net income for Q4 2019 and full year 2020 compared to 2019 [32][33] - The management expressed cautious optimism regarding the North American market stabilizing and potential growth in certain segments [59] Other Important Information - Cash position at September 30, 2019, was $62.8 million, up from $50.3 million at June 30, but down from $83.7 million at the end of 2018 [35] - The company expects working capital to improve significantly in Q4 2019 as inventory supplier issues are resolved [37] Q&A Session Summary Question: Where does the retroactive tariff exclusion income hit? - It hits the gross profit line as those tariffs were included in the cost of goods sold [43] Question: When do you anticipate supply chain constraints to normalize? - Management expects improvements in supply chain constraints by the end of 2019 [44] Question: How significantly did supply chain constraints weigh on gross margins in Q3? - Supply chain constraints had a significant impact on operational performance, affecting working capital and revenue [46] Question: Did supply chain issues affect demand? - There were some cancellations, but overall demand was managed through inventory in the field [47] Question: What is the outlook for pricing and cost trends? - Pricing has improved, and the company expects to maintain positive trends in price-cost spread [52] Question: How is the product mix in terms of orders pending? - There is a mixed set of signals, with some downturns in larger trucks but signs of market picking up in certain areas [56] Question: What is the status of the JAPIC segment's profitability? - The JAPIC segment is undergoing reengineering and is expected to improve profitability over the next 12 months [71] Question: What is the update on Nuvera's engine validation? - Revenue is expected to ramp up as engine shipments increase, with improvements anticipated throughout 2020 [74] Question: How is the supply chain improvement progressing? - The company is actively working with current and new suppliers to enhance supply chain efficiency [85]

[Part I. FINANCIAL INFORMATION](index=4&type=section&id=Part%20I.%20FINANCIAL%20INFORMATION) [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) This section presents Hyster-Yale Materials Handling, Inc.'s unaudited condensed consolidated financial statements for the periods ended September 30, 2019, along with detailed notes on accounting policies [Unaudited Condensed Consolidated Balance Sheets](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to $1,838.2 million by September 30, 2019, primarily due to higher inventories, while total liabilities also rose to $1,295.7 million Condensed Consolidated Balance Sheets (in millions) | | SEPTEMBER 30, 2019 | DECEMBER 31, 2018 | | :--- | :--- | :--- | | **Total Current Assets** | $1,158.1 | $1,131.6 | | **Total Assets** | $1,838.2 | $1,742.1 | | **Total Current Liabilities** | $838.7 | $776.2 | | **Total Liabilities** | $1,295.7 | $1,182.6 | | **Total Stockholders' Equity** | $510.1 | $527.4 | | **Total Liabilities and Equity** | $1,838.2 | $1,742.1 | [Unaudited Condensed Consolidated Statements of Operations](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations) Q3 2019 revenues slightly decreased to $766.0 million, but operating profit increased to $19.5 million, while net income attributable to stockholders declined to $12.8 million due to a prior-year tax benefit Statements of Operations Highlights (in millions, except per share data) | | THREE MONTHS ENDED SEP 30, 2019 | THREE MONTHS ENDED SEP 30, 2018 | NINE MONTHS ENDED SEP 30, 2019 | NINE MONTHS ENDED SEP 30, 2018 | | :--- | :--- | :--- | :--- | :--- | | **Revenues** | $766.0 | $783.9 | $2,457.0 | $2,338.3 | | **Gross Profit** | $135.0 | $117.7 | $400.6 | $375.1 | | **Operating Profit** | $19.5 | $12.2 | $45.8 | $42.2 | | **Net Income Attributable to Stockholders** | $12.8 | $15.4 | $32.4 | $35.9 | | **Diluted Earnings per Share** | $0.76 | $0.93 | $1.94 | $2.16 | [Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss)](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) The company reported a comprehensive loss of $23.2 million in Q3 2019, primarily due to a significant negative foreign currency translation adjustment, contrasting with a $4.3 million income in Q3 2018 Comprehensive Income (Loss) (in millions) | | THREE MONTHS ENDED SEP 30, 2019 | THREE MONTHS ENDED SEP 30, 2018 | NINE MONTHS ENDED SEP 30, 2019 | NINE MONTHS ENDED SEP 30, 2018 | | :--- | :--- | :--- | :--- | :--- | | **Net Income** | $13.1 | $14.9 | $33.2 | $35.5 | | **Other comprehensive income (loss)** | ($36.3) | ($10.6) | ($40.9) | ($31.6) | | **Comprehensive Income (Loss)** | ($23.2) | $4.3 | ($8.1) | $3.9 | [Unaudited Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used for operating activities was $17.3 million for the nine months ended September 30, 2019, a significant decrease from the prior year, primarily due to unfavorable working capital changes Cash Flow Summary (in millions) | | NINE MONTHS ENDED SEP 30, 2019 | NINE MONTHS ENDED SEP 30, 2018 | | :--- | :--- | :--- | | **Net cash provided by (used for) operating activities** | ($17.3) | $92.3 | | **Net cash used for investing activities** | ($24.5) | ($97.3) | | **Net cash provided by (used for) financing activities** | $25.0 | ($88.3) | | **Decrease in Cash and Cash Equivalents** | ($20.9) | ($98.2) | | **Cash and Cash Equivalents, end of period** | $62.8 | $121.9 | [Unaudited Condensed Consolidated Statements of Changes in Equity](index=9&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Equity) Total equity decreased to $542.5 million by September 30, 2019, primarily due to an increase in accumulated other comprehensive loss from foreign currency translation and hedging activities - Total equity decreased by **$17.0 million** in the first nine months of 2019, from **$559.5 million** to **$542.5 million**[12](index=12&type=chunk) - The decrease was driven by an increase in Accumulated Other Comprehensive Loss, which grew from **($177.5) million** to **($222.7) million**, mainly due to foreign currency translation adjustments and hedging activities[11](index=11&type=chunk)[12](index=12&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) The notes provide detailed explanations of the company's accounting policies, financial results, and significant contingencies, including the adoption of new lease accounting standards - The company's business includes designing, manufacturing, and selling lift trucks under the Hyster® and Yale® brands through its subsidiary HYG, producing attachments via Bolzoni, and developing hydrogen fuel-cell technology through Nuvera[14](index=14&type=chunk)[16](index=16&type=chunk)[18](index=18&type=chunk) - On January 1, 2019, the company adopted the new lease accounting standard (ASC 842), resulting in the recognition of right-of-use (ROU) assets of **$82.7 million** and lease liabilities of **$80.8 million**[44](index=44&type=chunk) - The company recognized tariff recoveries of **$8.7 million** in Q3 2019 and **$11.8 million** in the first nine months of 2019, related to exclusions on duties for goods imported from China[101](index=101&type=chunk) - A favorable court decision in Brazil granted the company the right to recover overpaid taxes, estimated at a gross value of **$25 million**; the company has recorded a net realizable value of **$2 million** for these credits[86](index=86&type=chunk)[87](index=87&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=31&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the financial results for Q3 and the first nine months of 2019, detailing liquidity, capital resources, and strategic outlook, including forecasted profit improvements [Financial Review](index=32&type=section&id=Financial%20Review) Q3 2019 revenues decreased to $766.0 million, while operating profit increased to $19.5 million due to improved lift truck gross profit, though net income declined to $12.8 million Q3 2019 vs Q3 2018 Performance | Metric | Q3 2019 | Q3 2018 | Change | | :--- | :--- | :--- | :--- | | Revenues | $766.0M | $783.9M | -2.3% | | Operating Profit | $19.5M | $12.2M | +59.8% | | Net Income (to Stockholders) | $12.8M | $15.4M | -16.9% | | Diluted EPS | $0.76 | $0.93 | -18.3% | - The increase in Q3 operating profit was mainly due to improved gross profit in the lift truck business, which benefited from price increases and **$8.7 million** in favorable retroactive tariff exclusion adjustments[119](index=119&type=chunk)[120](index=120&type=chunk) - Lift truck unit shipments decreased by **8.2%** in Q3 2019 compared to Q3 2018, while the unit backlog remained relatively stable at **43,400 units**[109](index=109&type=chunk)[112](index=112&type=chunk) [Liquidity and Capital Resources](index=38&type=section&id=Liquidity%20and%20Capital%20Resources) Net cash used for operating activities was $17.3 million for the first nine months of 2019 due to unfavorable working capital, leading to increased borrowings and a rise in debt to capitalization Cash Flow and Capital Structure | Metric | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Net Cash from Operating Activities | ($17.3M) | $92.3M | | Capital Expenditures | $31.4M | $24.7M | | Cash Flow Before Financing | ($41.8M) | ($5.0M) | - The company has a **$240.0 million** revolving credit facility expiring in April 2022 and a **$200.0 million** term loan maturing in May 2023[140](index=140&type=chunk)[143](index=143&type=chunk) - Debt to total capitalization increased from **35%** at the end of 2018 to **39%** at September 30, 2019[150](index=150&type=chunk) [Investor Perspective and Outlook](index=40&type=section&id=Investor%20Perspective) The company is executing strategic programs to drive competitiveness and economic performance, forecasting significant operating profit improvements in Q4 2019 and 2020, with specific margin targets for its segments - The company is focused on six strategic initiatives: lowest cost of ownership, industry-focused solutions, independent distribution leadership, emerging market growth, attachment business leadership, and fuel cell leadership[153](index=153&type=chunk) - Management forecasts significant increases in consolidated operating profit and net income for Q4 2019 and full-year 2020 compared to prior periods[154](index=154&type=chunk) - Key goals include achieving a **7%** operating profit margin for the Lift Truck business, a **7%** margin for Bolzoni, and reaching break-even for Nuvera in Q4 2020[154](index=154&type=chunk) - Supplier shortages are expected to be resolved by the end of 2019, and margins are expected to recover from material cost inflation and discounted deals by the end of Q4 2019[163](index=163&type=chunk)[165](index=165&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=44&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) There have been no material changes in the company's market risk exposures since December 31, 2018, with further details available in its 2018 Annual Report on Form 10-K - There have been no material changes in the Company's market risk exposures since December 31, 2018[173](index=173&type=chunk) [Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the company's disclosure controls and procedures were effective as of September 30, 2019, with no material changes in internal control over financial reporting during Q3 2019 - Management concluded that the Company's disclosure controls and procedures were effective as of the end of the reporting period[175](index=175&type=chunk) - No changes in the Company's internal control over financial reporting occurred during Q3 2019 that materially affected, or are reasonably likely to materially affect, these controls[176](index=176&type=chunk) [Part II. OTHER INFORMATION](index=44&type=section&id=Part%20II.%20OTHER%20INFORMATION) [Legal Proceedings](index=44&type=section&id=Item%201.%20Legal%20Proceedings) The company reported no material legal proceedings during the period - None[178](index=178&type=chunk) [Risk Factors](index=44&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes from the risk factors previously disclosed in the company's 2018 Annual Report on Form 10-K - No material changes from risk factors previously disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018[178](index=178&type=chunk) [Exhibits](index=44&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of the quarterly report, including officer certifications and Inline XBRL data files - The report includes certifications from the CEO and CFO as required by the Sarbanes-Oxley Act[180](index=180&type=chunk) - Inline XBRL (iXBRL) data files are included as exhibits, embedding financial data directly within the report[180](index=180&type=chunk) [Signatures](index=46&type=section&id=Signatures) [Signatures](index=46&type=section&id=Signatures) The report was duly signed on behalf of Hyster-Yale Materials Handling, Inc. by Kenneth C. Schilling, Senior Vice President and Chief Financial Officer, on October 29, 2019 - The report was signed on October 29, 2019, by Kenneth C. Schilling, Senior Vice President and Chief Financial Officer[184](index=184&type=chunk)