Latest news with #Hyster-Yale
Yahoo
13-05-2025
- Business
- Yahoo
HYSTER-YALE DECLARES QUARTERLY DIVIDEND
CLEVELAND, May 13, 2025 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today that the Board of Directors increased its regular cash dividend from 35 cents per share to 36 cents per share. The dividend is payable on both Class A and Class B Common Stock and will be paid June 13, 2025, to stockholders of record at the close of business on May 30, 2025. About Hyster-Yale, Inc., headquartered in Cleveland, Ohio, is a globally integrated company offering a full line of lift trucks and solutions, including attachments and hydrogen fuel cell power products aimed at meeting the specific materials handling needs of its customers. Hyster-Yale's vision is to transform the way the world moves materials from Port to Home and deliver on its customer promises of: (1) thoroughly understanding customer applications and offering optimal solutions that will improve productivity at the lowest cost of ownership, and (2) providing exceptional customer care to create increasing value from initial engagement through the product lifecycle. The Company's wholly owned operating subsidiary, Hyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. Subsidiaries of Hyster-Yale include Bolzoni S.p.A., a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names and Nuvera Fuel Cells, LLC, an alternative-power technology company focused on fuel cell stacks and engines. Hyster-Yale also has an unconsolidated joint venture in Japan (Sumitomo NACCO). For more information about Hyster-Yale and its subsidiaries, visit the Company's website at *** View original content to download multimedia: SOURCE Hyster-Yale, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-05-2025
- Business
- Yahoo
Hyster-Yale Materials Handling (NYSE:HY) Reports Sales Below Analyst Estimates In Q1 Earnings
Lift truck and material handling solutions manufacturer Hyster-Yale Materials Handling (NYSE:HY) fell short of the market's revenue expectations in Q1 CY2025, with sales falling 13.8% year on year to $910.4 million. Its non-GAAP profit of $0.49 per share was in line with analysts' consensus estimates. Is now the time to buy Hyster-Yale Materials Handling? Find out in our full research report. Hyster-Yale Materials Handling (HY) Q1 CY2025 Highlights: Revenue: $910.4 million vs analyst estimates of $947.8 million (13.8% year-on-year decline, 3.9% miss) Adjusted EPS: $0.49 vs analyst estimates of $0.49 (in line) Adjusted EBITDA: $35 million vs analyst estimates of $37.2 million (3.8% margin, 5.9% miss) Operating Margin: 2.3%, down from 7.9% in the same quarter last year Market Capitalization: $703.8 million Company Overview Playing a significant role in the development of the hydraulic lift truck, Hyster-Yale (NYSE:HY) designs, manufactures, and sells materials handling equipment to various sectors. Sales Growth Examining a company's long-term performance can provide clues about its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Unfortunately, Hyster-Yale Materials Handling's 5.1% annualized revenue growth over the last five years was tepid. This fell short of our benchmark for the industrials sector and is a rough starting point for our analysis. Hyster-Yale Materials Handling Quarterly Revenue Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Hyster-Yale Materials Handling's annualized revenue growth of 5.8% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak. Hyster-Yale Materials Handling Year-On-Year Revenue Growth This quarter, Hyster-Yale Materials Handling missed Wall Street's estimates and reported a rather uninspiring 13.8% year-on-year revenue decline, generating $910.4 million of revenue. Looking ahead, sell-side analysts expect revenue to decline by 5.1% over the next 12 months, a deceleration versus the last two years. This projection doesn't excite us and indicates its products and services will see some demand headwinds. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) stock benefiting from the rise of AI. Click here to access our free report one of our favorites growth stories. Operating Margin Hyster-Yale Materials Handling was profitable over the last five years but held back by its large cost base. Its average operating margin of 2% was weak for an industrials business. This result isn't too surprising given its low gross margin as a starting point.
Yahoo
08-04-2025
- Business
- Yahoo
Is Hyster-Yale, Inc. (HY) the Best Hydrogen Stock to Buy According to Billionaires?
We recently published a list of . In this article, we are going to take a look at where Hyster-Yale, Inc. (NYSE:HY) stands against other best hydrogen stocks to buy according to billionaires. As the global push toward clean energy and decarbonization gains momentum, hydrogen stocks are seeing a renewed interest from institutional investors and billionaires. With recent advancements in hydrogen technology, this once speculative energy source is now looking like a solid investment opportunity in the clean-energy sector. The World Energy Transitions Outlook 2025 highlights that annual deployment of over 1,000 GW of renewable power is needed to stay on a 1.5°C pathway. Hydrogen is expected to play a key role in the decarbonization of end uses and the flexibility of the power system. Investment needs for clean hydrogen and derivatives are projected at $1.1 billion per year to meet global transition requirements. An IEA 2025 Report noted that the global energy demand rose by 2.2% in 2024 – a faster-than-average rate. This reiterates the fact that the demand for alternate sources of energy is still on the rise. More investors are looking for long-term growth opportunities in emerging sectors but are restricted by the ever-fluctuating interest rate expectations and evolving energy policies. Within these dynamics, policymakers and corporations are looking at hydrogen adoption more favorably. According to Grand View Research, the industry is projected to hit a staggering $317.39 billion by 2030, expanding at a healthy 9.3% CAGR. After a challenging 2023, fraught with high interest rates and investor skepticism leading to a sector-wide decline in clean energy stocks, hydrogen stocks have made a recovery in 2024. The Global Hydrogen Index has gained 4.86% in U.S. dollar terms, signaling a comeback. The finalization of hydrogen tax credit guidelines could be seen as a key catalyst. Barron's has noted that with the 45V tax credit offering up to $3 per kilogram for clean hydrogen, investment in the sector is getting a much-needed boost. Compared to wind and solar energy, hydrogen has had smoother sailing due to direct government support and increasing private sector interest. In 2025, expanding industrial applications are likely to fuel hydrogen stocks. With research and technological advancements easing production and storage, costs and scalability can be massive improvements. Furthermore, the growing interest in hydrogen infrastructures in the U.S and Europe can bring in growth for the best hydrogen stocks. Of course, the challenges remain. Despite strong momentum, hydrogen stocks are faced with strong cost competitiveness and regulatory uncertainty. Green hydrogen is still relatively expensive compared to fossil fuels, even with the declining costs. Stricter lifecycle emissions requirements for qualifying hydrogen progens under the 45V tax credit are likely to lead to an adoption slowdown. Also, geopolitical uncertainties pose additional risks within supply chains. While not entirely free of challenges, there is no denying the rising interest in the industry. Its vast potential has attracted major investors like Bill Gates and Jeff Bezos, who are backing a startup focused on harnessing expertise from the hydrocarbon sector to capitalize on the burgeoning hydrogen market, now termed a 'white gold rush' by analysts. In a growing global hydrogen economy, some of the best hydrogen stocks are in a position to create great value. We used Insider Monkey's exclusive database of billionaire stock holdings to arrive at our list of best hydrogen stocks to buy according to billionaires. Firstly, we have screened the top hydrogen stocks included in notable industry ETFs. We have then selected the 10 best stocks to buy based on the highest number of billionaire investors, updated as of Q4 2024. For the stocks with the same number of billionaire holdings, we have used the total value of billionaire holdings as a secondary metric to rank the stocks. Billionaires are founders or managers of some of the world's leading hedge funds and companies. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A view of an aerial platform from below, its masts and attachments nicely uncovered. Number of Billionaires: 9 Hyster-Yale, Inc. (NYSE:HY) is a global manufacturer of lift trucks, with operations spanning three key segments: Lift Trucks, Bolzoni attachments, and Nuvera. Nuvera operates and focuses on hydrogen fuel cell stacks and engines. In April 2024, the company rebranded from Hyster-Yale Materials Handling to Hyster-Yale, Inc., unifying its operations under one corporate identity while allowing each segment to maintain brand distinction. In November 2024, the company's board authorized a $50 million share repurchase program. It repurchased $5 million worth of Class A common stock in Q4 alone. Hyster-Yale, Inc. (NYSE:HY) reported strong financials for 2024, with full-year revenue of $4.3 billion and Q4 revenue of $1.1 billion. The Lift Truck segment in the Americas drove growth, posting a year-over-year revenue increase of 11% in FY 2024 and 13% in Q4. The company also generated $171 million in cash from operations over the year, signaling robust underlying fundamentals. Currently, 61.7% of Hyster-Yale, Inc. (NYSE:HY) shares are held by large investors, underscoring strong investor and hedge fund confidence. Overall, HY ranks 5th on our list of best hydrogen stocks to buy according to billionaires. While we acknowledge the potential of quantum computing companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HY but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Washington Post
26-02-2025
- Business
- Washington Post
Hyster-Yale: Q4 Earnings Snapshot
CLEVELAND — CLEVELAND — Hyster-Yale, Inc. (HY) on Tuesday reported profit of $10.3 million in its fourth quarter. On a per-share basis, the Cleveland-based company said it had net income of 58 cents. Earnings, adjusted for restructuring costs, were $1.47 per share. The maker of lift trucks and aftermarket parts posted revenue of $1.07 billion in the period.
Yahoo
17-02-2025
- Business
- Yahoo
Hyster-Yale (NYSE:HY) Could Become A Multi-Bagger
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for? One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. And in light of that, the trends we're seeing at Hyster-Yale's (NYSE:HY) look very promising so lets take a look. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. To calculate this metric for Hyster-Yale, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.25 = US$258m ÷ (US$2.2b - US$1.1b) (Based on the trailing twelve months to September 2024). Thus, Hyster-Yale has an ROCE of 25%. That's a fantastic return and not only that, it outpaces the average of 12% earned by companies in a similar industry. View our latest analysis for Hyster-Yale Above you can see how the current ROCE for Hyster-Yale compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for Hyster-Yale . Hyster-Yale has not disappointed with their ROCE growth. Looking at the data, we can see that even though capital employed in the business has remained relatively flat, the ROCE generated has risen by 530% over the last five years. Basically the business is generating higher returns from the same amount of capital and that is proof that there are improvements in the company's efficiencies. The company is doing well in that sense, and it's worth investigating what the management team has planned for long term growth prospects. Another thing to note, Hyster-Yale has a high ratio of current liabilities to total assets of 53%. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks. To bring it all together, Hyster-Yale has done well to increase the returns it's generating from its capital employed. Considering the stock has delivered 18% to its stockholders over the last five years, it may be fair to think that investors aren't fully aware of the promising trends yet. So exploring more about this stock could uncover a good opportunity, if the valuation and other metrics stack up. If you want to know some of the risks facing Hyster-Yale we've found 2 warning signs (1 is concerning!) that you should be aware of before investing here. If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
