Last $78.49 USD
Change Today -1.61 / -2.01%
Volume 157.5K
HY On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

hyster-yale materials (HY) Snapshot

Open
$77.68
Previous Close
$80.10
Day High
$79.10
Day Low
$73.99
52 Week High
03/7/14 - $108.13
52 Week Low
10/15/14 - $67.79
Market Cap
1.3B
Average Volume 10 Days
82.7K
EPS TTM
$6.14
Shares Outstanding
12.3M
EX-Date
08/28/14
P/E TM
12.8x
Dividend
$1.10
Dividend Yield
1.34%
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
Chief Executive Officer of Nacco Materials Ha...
Total Annual Compensation: $531.4K
Managing Director of Europe, Middle East & Af...
Total Annual Compensation: $400.3K
Senior Vice President of Global Product Devel...
Total Annual Compensation: $374.9K
Compensation as of Fiscal Year 2013.

hyster-yale materials (HY) Key Developments

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. 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 during. 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.

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.

Hyster-Yale Materials Handling, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Second Half of 2014; Plans to Launch New Trucks

Hyster-Yale Materials Handling, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenues of $684.7 million and net income of $32.9 million, or $1.95 per diluted share compared with revenues of $659.6 million and net income of $36.2 million, or $2.16 per diluted share, for the second quarter of 2013. Operating profit was $47.7 million compared with $35.9 million for the second quarter of 2013 and income before income taxes was $48.7 million in 2014 compared with $34.5 million in 2013. Revenues increased primarily as a result of an increase in unit volumes, mainly in North America and Europe, partially offset by decreases in Latin America and Brazil. The decline in net income, primarily due to the decrease in operating profit, was partially offset by reduced interest expense as a result of lower debt levels and lower interest rates during the second quarter of 2014 compared with 2013. EBITDA was $56.7 million. For the six months, the company reported net income of $55.0 million on revenues of $1.4 billion compared with net income of $60.8 million on revenues of $1.3 billion for the first six months of 2013. Operating profit increased to $79.3 million from $68.0 million in the first half of 2013 and income before income taxes was $80.3 million in 2014 compared with $65.2 million in 2013. Diluted earnings per share were $3.26 against $3.62 a year ago. Net cash provided used for operating activities was $13.6 million against net cash from operating activities of $40.1 million a year ago. Trailing twelve months EBITDA was $176.8 million. The company announced that it expects to generate a significant increase in operating profit during the second half of 2014, in excess of the rate of the sales increase, with the majority of the increase occurring during the fourth quarter of 2014. Net income in the second half of 2014 is expected to improve compared with the second half of 2013. The effect of improved operating profit as well as lower interest expense due to lower debt outstanding and lower interest rates under the company's new revolving credit agreement are expected to be partially offset by a higher effective income tax rate. The higher effective income tax rate in 2014 is expected to result primarily from the effect of higher United Kingdom income taxes due to the 2013 valuation allowance release, combined with an anticipated increase in the portion of the company's income in the Americas operations, including the tax expense on the Brazil plant gain, which have a higher tax rate. Cash flow before financing activities for 2014 is expected to decrease from 2013 primarily due to an increase in capital expenditures, largely driven by the construction of a new plant in Brazil. The company expects increase in sales over the remainder of 2014 compared with 2013. The company announced that during the third quarter of 2014, the company plans to introduce the first group of its premium Big Truck models with Tier IV final emission solutions, as well as expanded use of premium transmissions on trucks up to 32 ton capacity and implementing load-sensing hydraulic systems on its 18 to 22 ton trucks. The Company also expects to introduce a new warehouse rider truck in the North America market in the third quarter of 2014 which has an enclosed operator compartment and a 10,000 pound capacity to enable multiple pallet handling in trailer loading/unloading and cross-dock applications.

 

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HY

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Valuation HY Industry Range
Price/Earnings 12.3x
Price/Sales 0.5x
Price/Book 2.8x
Price/Cash Flow 11.9x
TEV/Sales 0.4x
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