The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Hyster-Yale Materials (HY) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out. Hyster-Yale Materials is one of 222 companies in the Industrial Products group. The Industrial Products group currently si ...

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liorpt/iStock Editorial via Getty Images Thesis On Tuesday, May 7, 2024, Hyster-Yale Materials Handling, Inc. (NYSE:HY) posted its first quarter-2024 earnings report. When markets opened the next morning the stock price shot up, closing 23.55% higher. The following day saw the price jump again, by another 8.35%. Altogether, the stock price climbed from $59.02 to $79.01 in the space of two days. Was there something incredibly huge in the earnings announcement from the lift truck company? No, but it was a ...

Transforming the way the world moves 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 presentation and ...

CLEVELAND, May 8, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) today announced that the Board of Directors increased its regular cash dividend from 32.5 cents to 35 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid June 14, 2024, to stockholders of record at the close of business on May 31, 2024. About Hyster-Yale Materials Handling, Inc.Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, is a globally integrate ...

Hyster-Yale Materials (HY) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $1.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 36.92%. A quarter ago, it was expected that this maker of lift trucks and aftermarket parts would post earnings of $1.46 per share when it actually produced earnings of $1.43, delivering a surprise of -2.05%.Ov ...

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, 2024 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | CLEVELAND (440) | | | | --- | --- | --- | | OH | 449-9600 | 44124-4069 | | (Address of principal executive offices) | (Registrant's telephone ...

GREENVILLE, N.C., May 02, 2024 (GLOBE NEWSWIRE) -- Representatives from Hyster-Yale Group joined Northwestern faculty from the Kellogg School of Management and Segal Institute for Design Innovation and innovation industry leaders like IDEO, PwC and IA Collaborative to facilitate the 2024 Kellogg Design Challenge, the largest business design case competition across MBA programs globally. As the platinum sponsor, Hyster-Yale provided the theme for this year's competition, AI x Design, which emphasizes the use ...

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]