hyster-yale materials (HY) Key Developments
Hyster-Yale Provides Earnings Guidance for the Year 2015
Mar 23 15
Hyster-Yale provided earnings guidance for the year 2015. For 2015, the company expects income tax at 40%, net loss is expected to come in at $13 million to $15 million, and EBITDA is expected to be just slightly less than those $22 million to $25 million development expenses because the company has a small amount of depreciation and amortization in business. Now the company expects total investment to be $40 million to $50 million range as increasing sales of products generating margins that will help to offset the development spend.
Hyster-Yale Materials Handling, Inc. - Analyst/Investor Day
Mar 16 15
To discuss its business segments, operations and long-term strategies
Hyster-Yale Materials Handling, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Twelve Months Ended December 31, 2014
Feb 19 15
Hyster-Yale Materials Handling, Inc. announced unaudited consolidated earnings results for the fourth quarter and twelve months ended December 31, 2014. For the quarter, the company reported revenues of $710.7 million against $717.9 million a year ago. Operating profit was $33.2 million against $35.0 million a year ago. Income before income taxes was $32.9 million against $32.0 million a year ago. Net income attributable to stockholders was $26.4 million against $25.7 million a year ago. Diluted earnings per share were $1.61 against $1.53 a year ago. EBITDA was $39.6 million against $45.6 million a year ago.
For the year, the company reported revenues of $2,767.2 million against $2,666.3 million a year ago. Operating profit was $148.8 million against $134.3 million a year ago. Income before income taxes was $150.1 million against $127.4 million a year ago. Net income attributable to stockholders was $109.8 million against $110.0 million a year ago. Diluted earnings per share were $6.58 against $6.54 a year ago. Net cash provided by operating activities was $100.0 million against $152.9 million a year ago. EBITDA was $40.7 million against $182.6 million a year ago.
Hyster-Yale Materials Handling, Inc. Approves an Amendment to Bylaws
Feb 17 15
The board of directors of Hyster-Yale Materials Handling, Inc. approved an amendment, effective immediately, to the amended and restated bylaws of the company to add Section 5 to Article VI. The amendment designates the Court of Chancery of the State of Delaware, or if that court lacks jurisdiction, another court of the State of Delaware, or if no court of the State of Delaware has jurisdiction, the federal district court for the District of Delaware as the sole and exclusive forum for certain legal actions involving the company, unless the company consents in writing to the selection of an alternative forum.
Hyster-Yale Materials Handling Declares Regular Quarterly Cash Dividend Payable on March 13, 2015
Feb 11 15
Hyster-Yale Materials Handling, Inc. announced that the Board of Directors declared a regular quarterly 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 March 13, 2015 to stockholders of record at the close of business on February 27, 2015.