Last $73.30 USD
Change Today -0.14 / -0.19%
Volume 34.9K
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

hyster-yale materials (HY) Key Developments

Hyster-Yale Materials Handling, Inc. Declares Quarterly Dividend, Payable on December 16, 2014

Hyster-Yale Materials Handling, Inc. announced that the Board of Directors declared a regular cash dividend of 27.50 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid December 16, 2014 to stockholders of record at the close of business on December 1, 2014.

Hyster-Yale Materials Handling, Inc. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014 and for 2015

Hyster-Yale Materials Handling, Inc. announced unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $695.8 million against $643.9 million a year ago. Operating profit was $36.3 million against $31.3 million a year ago. Income before income taxes was $36.9 million against $30.2 million a year ago. Net income attributable to stockholders was $28.4 million against $23.5 million a year ago. Diluted earnings per share were $1.70 against $1.40 a year ago. EBITDA was $45.6 million. The increase in results are primarily the result of substantially lower selling, general and administrative expenses, partially offset by lower gross profit. For the nine months, the company reported revenues of $2,056.5 million against $1,948.4 million a year ago. Operating profit was $115.6 million against $99.3 million a year ago. Income before income taxes was $117.2 million against $95.4 million a year ago. Net income attributable to stockholders was $83.4 million against $84.3 million a year ago. Diluted earnings per share were $4.97 against $5.02 a year ago. Net cash provided by operating activities was $41.2 million against $88.8 million a year ago. For the fourth quarter of 2014, the company expects to generate a moderate increase in operating profit. The company also expects net income in the fourth quarter of 2014 to improve. The effective increased operating profit as well as lower interest expense from the lower debt outstanding and lower interest rates and the absence of a $2.8 million pretax write-off of deferred financing fees taken in 2013 are expected to be partially offset by a higher effective income tax rate. After excluding the $17.7 million gain on sale of the Brazil plant realized in 2014, the company expects operating profit in 2015 to be similar to 2014. Cash flow before financing activities is forecasted to improve compared with this year, as working capital requirements are expected to moderate, and to incur fewer capital expenditures since the bulk of the Brazil plant construction is expected to be done this year.

Hyster-Yale Materials Handling, Inc. Presents at Baird 2014 Industrial Conference, Nov-10-2014 02:30 PM

Hyster-Yale Materials Handling, Inc. Presents at Baird 2014 Industrial Conference, Nov-10-2014 02:30 PM. Venue: Four Seasons Hotel, 120 East Delaware Place, Chicago, Illinois, United States.

Hyster-Yale Materials Handling, Inc. Presents at CFA Society Cleveland Midwest Investment Conference, Nov-18-2014

Hyster-Yale Materials Handling, Inc. Presents at CFA Society Cleveland Midwest Investment Conference, Nov-18-2014 . Venue: Cleveland Convention Center, Cleveland, Ohio, United States. Speakers: Kenneth C. Schilling, Chief Financial Officer, Principal Accounting Officer and Senior Vice President.

Hyster-Yale Materials Handling Declares Quarterly Dividend, Payable on September 16, 2014

Hyster-Yale Materials Handling, Inc. announced that the Board of Directors declared a regular cash dividend of 27.50 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid September 16, 2014 to stockholders of record at the close of business on September 2, 2014.

 

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Price/Book 2.6x
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