Last $100.43 USD
Change Today -1.65 / -1.62%
Volume 14.9K
HY On Other Exchanges
Symbol
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As of 11:55 AM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

hyster-yale materials (HY) Snapshot

Open
$101.77
Previous Close
$102.08
Day High
$101.82
Day Low
$99.88
52 Week High
03/7/14 - $108.13
52 Week Low
05/1/13 - $50.90
Market Cap
1.7B
Average Volume 10 Days
53.8K
EPS TTM
$6.74
Shares Outstanding
12.8M
EX-Date
02/26/14
P/E TM
14.9x
Dividend
$1.00
Dividend Yield
0.99%
Current Stock Chart for HYSTER-YALE MATERIALS (HY)

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hyster-yale materials (HY) Details

Hyster-Yale Materials Handling, Inc. and its subsidiaries designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts. The company operates in three segments: the Americas, Europe, and Asia-Pacific. It offers components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. It also sells aftermarket parts under the UNISOURCE, MULTIQUIP, and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. The company was incorporated in 1991 and is headquartered in Cleveland, Ohio.

5,100 Employees
Last Reported Date: 02/19/14
Founded in 1991

hyster-yale materials (HY) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $776.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $346.8K
Vice Chairman of nmhg and Chief Executive Off...
Total Annual Compensation: $646.3K
President of Americas of Nmhg, President of N...
Total Annual Compensation: $531.4K
Managing Director of Europe, Middle East and ...
Total Annual Compensation: $400.3K
Compensation as of Fiscal Year 2013.

hyster-yale materials (HY) Key Developments

Hyster-Yale Materials Handling, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for 2014

Hyster-Yale Materials Handling, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2013. The company announced revenues of $717.9 million and net income of $25.7 million, or $1.53 per diluted share, for the fourth quarter of 2013 compared with revenues of $652.0 million and net income of $32.4 million, or $1.93 per diluted share, for the fourth quarter of 2012. Operating profit increased to $35.0 million for the fourth quarter of 2013 from $29.0 million in 2012. The 2012 fourth quarter net income included a tax benefit of $10.0 million, or $0.59 per share, primarily for the release of previously recorded valuation allowances related to the Company's U.S. state and Australian deferred tax assets. EBITDA for the fourth quarter of 2013 was $41.2 million. Income before income taxes was $32.0 million against $27.6 million a year ago. Capital expenditure was $12.9 million against $9.1 million a year ago. Net cash provided by operating activities was $64.1 million against $60.0 million a year ago. Total debt was $69.5 million against $142.2 million a year ago. Return on equity was 28.2% compared to 29.3% a year ago. The company's revenues were $2.7 billion for the year ended December 31, 2013 and net income was $110.0 million, or $6.54 per diluted share, compared with revenues of $2.5 billion and net income of $98.0 million, or $5.83 per diluted share, for the year ended December 31, 2012. Operating profit increased to $134.3 million for the full year 2013 from $111.7 million in 2012. Full-year 2013 net income included a tax benefit of $12.8 million, or $0.76 per diluted share, due to the second quarter 2013 release of certain portions of previously recorded income tax valuation allowances related to the Company's United Kingdom operations. The full year effect of the 2012 valuation allowance releases was $10.7 million, or $0.64 per share. EBITDA for the year ended December 31, 2013 was $164.8 million. Income before income taxes was $127.4 million against $105.1 million a year ago. Net debt was $106.2 million against $9.1 million a year ago. Net cash provided by operating activities was $152.9 million against $128.7 million a year ago. Capital expenditure was $3.65 million against $19.8 million a year ago. Net cash provided by operating activities was $152.9 million against $128.7 million a year ago. Total debt was $69.5 million against $142.2 million a year ago. Return on equity was 28.2% compared to 29.3% a year ago. The company also announced that sales are expected to increase moderately in 2014 compared with 2013, the company expects to generate an increase in operating profit, excluding the anticipated gain on the sale of the Company's current Brazil plant, in excess of the rate of sales increase, with a decrease in the first half of 2014 compared with 2013 that is expected to be more than offset by improvements in the second half of 2014 compared with 2013. After excluding the gain from the sale of the Company's Brazilian plant in 2014 and after excluding the $12.8 million valuation allowance release taken in 2013, net income in 2014 is expected to improve moderately compared with 2013. The effect of improved operating profit as well as lower interest expense due to lower debt outstanding and to lower interest rates under its new revolving credit agreement are expected to be partially offset by a higher expected effective income tax rate. The higher effective income tax rate in 2014 is expected to result primarily from the effect of higher U.S. state, United Kingdom and Australian income taxes as a result of the 2012 and 2013 valuation allowance releases, combined with an anticipated increase in income in the Americas operations, which have a higher tax rate. Full year 2014 operating profit results, excluding the anticipated gain on sale of the Brazil plant, are expected to improve in the Americas segment, which includes the North America, Latin America and Brazil markets, with anticipated increases in unit and parts margins partially offset by an expected strong euro and slight material cost increases.

Hyster-Yale Materials Handling, Inc. Declares Regular Cash Dividend, Payable on March 14, 2014

Hyster-Yale Materials Handling, Inc. announced that the Board of Directors declared a regular cash dividend of 25.00 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid March 14, 2014 to stockholders of record at the close of business on February 28, 2014.

Hyster-Yale Materials Handling Declares Quarterly Dividend, Payable on December 13, 2013

Hyster-Yale Materials Handling, Inc. announced that the Board of Directors declared a regular cash dividend of 25.00 cents per share. The dividend is payable on both the Class A and Class B Common Stock, and will be paid December 13, 2013 to stockholders of record at the close of business on November 29, 2013.

 

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Valuation HY Industry Range
Price/Earnings 15.6x
Price/Sales 0.6x
Price/Book 3.8x
Price/Cash Flow 11.9x
TEV/Sales 0.4x
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