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Hyster-Yale Materials Handling Inc (HY.N)

HY.N on New York Stock Exchange

26 May 2017
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Latest Key Developments (Source: Significant Developments)

Hyster-Yale Materials Handling, Inc. announces first quarter 2017 results
Tuesday, 2 May 2017 06:30am EDT 

May 2 (Reuters) - Hyster-yale Materials Handling Inc : :Hyster-Yale Materials Handling, Inc. announces first quarter 2017 results.Q1 earnings per share $1.10.Q1 revenue $713.1 million versus I/B/E/S view $668.3 million.Q1 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.Strong U.S. Dollar is expected to continue to have an unfavorable, but moderating, impact on EMEA results in 2017..Says Q1 bookings for Lift Truck Business were about 23,700 units, or about $550 million, compared to 23,500 units, or about $490 million last year.Consolidated cash flow before financing activities expected to be positive,increase significantly in 2017 compared with 2016.In 2017, global lift truck market is expected to grow modestly compared with 2016.  Full Article

Hyster-Yale Materials Handling Q4 earnings per share $0.74
Tuesday, 28 Feb 2017 05:17pm EST 

Hyster-yale Materials Handling Inc : Hyster-Yale Materials Handling, Inc. Announces fourth quarter and full year 2016 results . Q4 earnings per share $0.74 . Q4 revenue $690.6 million versus I/B/E/S view $698.8 million . Hyster-Yale Materials Handling Inc - Q4 2016 lift truck shipments increased 3% . Hyster-Yale Materials Handling Inc says Q4 2016 bookings were approximately 21,900 units compared with approximately 22,000 units for Q4 of 2015 . Hyster-Yale Materials Handling-units and parts revenues are expected to increase in 2017, with greater revenue growth anticipated in first half of year . Hyster-Yale Materials Handling - worldwide backlog for lift truck business was about 29,600 units at Dec 31, 2016 versus about 26,900 units . Hyster-Yale Materials Handling Inc - "commodity costs declined throughout 2016, but are expected to increase in 2017 from low 2016 levels" . Hyster-Yale Materials Handling Inc - "commodities, including steel in particular, remain volatile and sensitive to changes in global economy" .Hyster-Yale Materials Handling - consolidated cash flow before financing activities is expected to be positive & increase significantly in 2017 versus 2016.  Full Article

Hyster-Yale Materials Q2 earnings per share $0.51
Monday, 8 Aug 2016 06:49am EDT 

Hyster-Yale Materials Handling Inc : Hyster-Yale materials handling, inc. Announces second quarter 2016 results . Q2 earnings per share $0.51 . Q2 earnings per share view $0.85 -- Thomson Reuters I/B/E/S . Q2 revenue $645.6 million versus I/B/E/S view $632.3 million . Hyster-Yale Materials Handling - expects operating profit and net income in second half of 2016, and in Q3 in particular, to be lower than comparable periods in 2015 . Hyster-Yale Materials Handling- consolidated worldwide new unit shipments decreased to about 21,100 units in Q2 2016 from about 22,400 units in Q2 2015 .Hyster-Yale Materials Handling Inc Q2 2016 bookings were about 21,700 units compared with approximately 21,400 units from Q2 of 2015.  Full Article

Hyster-Yale unit announces provisional results of tender offer on Bolzoni
Monday, 30 May 2016 02:15am EDT 

Bolzoni SpA : Announced on Friday the provisional results of the mandatory tender offer on Bolzoni shares by Hyster-Yale Capital Holding Italy Srl (HY Italy), a wholly-owned unit of Hyster-Yale Materials Handling Inc . According to the provisional results, 8,154,203 shares were tendered, corresponding to about 31.4 percent of Bolzoni share capital, for the value of 35.1 million euros ($38.95 million) . If the provisional results of the tender offer are confirmed, HY Italy will own a total 93.8 percent stake in Bolzoni .Since at the end of the tender period HY Italy's stake in Bolzoni is higher than 90 percent but lower than 95 percent, the re-opening of the tender period will not take place.  Full Article

Hyster-Yale Materials Handling Inc to acquire indirect control of Bolzoni SpA
Monday, 15 Feb 2016 01:00am EST 

Hyster-Yale Materials Handling Inc:Enters definitive agreement with Penta Holding SpA to buy via indirect wholly-owned unit 100 percent of Penta's outstanding shares for aggregate purchase price of 53,495,837 euros.Penta is the holder of a majority stake of about 50.4 percent in Bolzoni SpA.Closing of transaction is expected to take place during the second quarter of 2016.Following the closing of the transaction, Hyster-Yale, via indirect wholly-owned unit, will launch mandatory tender offer for all of outstanding shares of Bolzoni SpA at the price in cash of 4.30 euros per share.Hyster-Yale intends to pursue the delisting of Bolzoni SpA following completion of mandatory tender offer.Acquisition is expected to be funded using Hyster-Yale's cash on hand and borrowings under Hyster-Yale's existing credit facility.  Full Article

Hyster-Yale Materials Handling declares dividend
Tuesday, 11 Aug 2015 05:34pm EDT 

Hyster-Yale Materials Handling Inc:Declared a regular cash dividend of 28.50 cents per share.Payable on both the Class A and Class B Common Stock, and will be paid September 15, 2015 to stockholders of record at the close of business on September 1, 2015.  Full Article

Hyster-Yale Materials Handling Inc comments on H2, FY 2015 revenue guidance
Wednesday, 29 Jul 2015 05:15pm EDT 

Hyster-Yale Materials Handling Inc:Says revenues are expected to decline modestly in the H2 2015 compared with the H2 2014.Sees revenues for remainder of FY 2015 to be negatively affected by a shift in sales mix to lower-priced lift trucks.  Full Article

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