CLEVELAND, April 30, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its First Quarter 2024 financial results after market close on Tuesday, May 7, 2024.In conjunction with this release, the Company will host a webcast with the financial community at 2:30 p.m. ET on Wednesday, May 8, 2024, to discuss the financial results. Access to the live audio webcast will be available on the Company's website.To access the webcast, visit https://www.hyster-yale.com/investors approximat ...

Financial Data and Key Metrics Changes - For the full year, the company reported revenue of $4.1 billion, marking a 16% improvement over 2022, significantly outpacing global GDP growth [4][8] - Fourth quarter net income was $25 million, or $1.43 per share, compared to approximately $8 million and $0.44 per share in the prior year [103] - Cash flow from operations for the full year was $151 million, up from $41 million in 2022, with $79 million in cash on hand and approximately $270 million of unused borrowing capacity at year-end [9][10] Business Line Data and Key Metrics Changes - The Lift Truck business generated $982 million of revenue in Q4, growing by $44 million year-over-year, while the Bolzoni business reported revenues of $87 million, $5 million lower than the prior year [136][162] - Operating profit for the Lift Truck business improved significantly, with a consolidated operating profit margin of 4.7% in Q4, up 146% year-over-year [111][120] - Nuvera's operating loss in Q4 2023 was less than the prior year, primarily due to lower product development costs from new U.S. government funding [137] Market Data and Key Metrics Changes - The global Lift Truck market bookings decreased in Q4 2023 compared to the prior year, with a double-digit decrease from robust 2022 levels, although the rate of decline slowed in EMEA [92][114] - The company anticipates that the global Lift Truck market will stabilize in 2024, with strong market volume expected despite a first half booking decline offset by a second half increase [92][130] Company Strategy and Development Direction - The company continues to focus on launching modular and scalable products globally, enhancing Lift Truck electrification, and expanding global sourcing options [142][168] - Strategic initiatives include optimizing the manufacturing footprint and increasing sales volumes by providing customizable products [142][168] - The Nuvera fuel cell business is expected to be a major growth contributor in the long term, with ongoing projects to test engines in various applications [101][170] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving strong performance in 2024, despite anticipated challenges from higher material and freight costs, and the expiration of tariff exemptions [94][98] - The company expects operating profit to improve year-over-year in the first half of 2024, driven by higher product margins and anticipated manufacturing efficiency gains [6][94] - Management noted that external factors, including geopolitical instability, continue to create uncertainty in the global economic outlook [113] Other Important Information - The company ended 2023 with a backlog value of approximately $3.3 billion, representing about ten months of revenue [116] - Material costs are expected to stabilize in 2024, while labor costs are projected to increase moderately [117] - The company generated cash flow from operations of almost $46 million in Q4, using that cash to reduce net debt by $17 million [140] Q&A Session Summary Question: What is the CapEx forecast for 2024? - The company expects capital expenditures to rise to $87 million in 2024, a significant increase compared to 2023 levels, driven by projects related to growth strategy and operational improvements [141][147] Question: What is the expected normalized tax rate for 2024 and beyond? - The company anticipates a tax rate between 25% to 27%, but this may be negatively impacted in 2024 due to R&D capitalization [176][178] Question: What drove the unit decline in the fourth quarter? - The decline was primarily due to product launch challenges and component supply issues, particularly in EMEA [97][114]

04 2073 Transforming the way the world move: materials from Port to Home Safe Harbor Statement and Disclosure This presentation includes forward-looking comments subject to important risks a may also contain financial measures that are not in conformance with accounting ¡ 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 10 information on factors that could cause actual results to differ materially from info resentat ...

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, 2023 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) (State or other jurisdiction of incorporation or organization) (I.R.S. Em ...

_______________________________________________________________________________________________________________________________________________________________________________________________________ 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, 2023 OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SE ...

Average sales price/backlog unit increased by ~ 23% over Q2 '22 and ~ 5% over Q1 '23 By end of Q2 '23, worked through essentially all the lower-margin unit backlog booked before price increases implemented Protecting Liquidity in uncertain economic environment • Managing capital expenditure timing for strategic initiatives; ongoing cost control focus Lift Truck Expense and capital investments in strategic programs to accelerate growth and enhance margins Return Cash to Stockholders | --- | --- | --- | |---- ...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q2 2023 Earnings Conference Call August 2, 2023 11:00 AM ET Company Participants Christina Kmetko - IR Al Rankin - Executive Chairman Rajiv Prasad - President and CEO Scott Minder - SVP and CFO Conference Call Participants Operator Hello and thank you for standing by. My name is Regina and I will your conference operator today. At this time, I would like to welcome everyone to the Hyster-Yale Second Quarter Earnings Conference Call. All lines have been placed o ...

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, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-54799 HYSTER-YALE MATERIALS HANDLING, INC. (Exact name of registrant as specified in its charter) (State or other ...

Hyster-Yale Materials Handling, Inc. (NYSE:HY) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Christina Kmetko – Investment Relations Rajiv K. Prasad – President Scott A. Minder – SVP, CFO, and Treasurer Alfred M. Rankin, Jr. – Chairman & CEO Conference Call Participants Stephen Ferazani - Sidoti & Company Chip Moore - EF Hutton Brett Kearney - Gabelli & Company Operator Ladies and gentlemen, welcome to the Hyster-Yale Materials Handling 2023 First Quarter's Earnings Call. My ...

| --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------------|-------| | | | Q2 23 | | | | | | | | | | | | | | | | | Q2 23 | | Q4 21 | | | | Q4 22 Q1 23 | | Higher pricing, increased sales volumes and a favorable sales mix Better-than-expected significant operating profit versus prior year loss Comparable operating loss in 2023 vs. 2022, but higher volume of demos should enhance foundation for improved returns Nuvera Investments to commercialize Nuvera fuel cell technology Lift Truck ...