About Hyster-Yale Materials Handling

Creation of Hyster-Yale

On September 28, 2012, Hyster-Yale Materials Handling, Inc. (NYSE: HY) was formed as a public company following a spin-off from NACCO Industries, Inc.

Key Highlights

Hyster-Yale is a leading global designer, engineer, seller and servicer of a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster® and Yale® brand names. 

Lift trucks and component parts are manufactured in the United States, Northern Ireland, Mexico, The Netherlands, Italy, the Philippines, Vietnam, Japan, Brazil and China:

  • Leading global lift truck brands in terms of units sold

Large installed base that drives parts sales

  • Approximately 815,000 units worldwide as of December 31, 2013
     
  • Diverse customer and application base
  • Global independent dealer network
  • Comprehensive, updated global product line
  • Globally integrated operations with economies of scale
  • Experienced management team
  • Headquartered in Cleveland, Ohio with over 5,100 employees in 10 countries

2013 Financial Results 

  • Revenues: $2.7 billion
  • Operating Profit: $134.3 million
  • Net Income: $110.0 million
  • Cash: $175.7 million
  • Debt: $69.5 million
  • Net Cash: $106.2 million

Financial Target 

  • Operating profit margin of 7 percent at the mid-point of the market cycle

Strategic Initiatives 

  • Understand customer needs at the product and aftermarket levels in order to create and provide a full range of differentiated product and service solutions for specific industry applications,
  • Offer the lowest cost of ownership by utilizing the Company's understanding of customers' major cost drivers and developing solutions that consistently lower cost of ownership and create a differentiated competitive position,
  • Enhance independent distribution by implementing programs aimed at broadening account coverage of the market, expanding the Company's dual-brand ownership strategy, and ensuring dealer excellence in all areas of the world,
  • Improve the Company's warehouse market position through enhancing dealer and customer support, adding products, increasing incentives, and implementing programs to increase focus on key customers, and
  • Expand in Asian markets by offering products aimed at the needs of these markets, enhancing distribution excellence and focusing on strategic alliances with local partners in China, India and Japan.

Certain statements on this page that are not historical facts are forward-looking statements.  The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the posting of this data to the website.  Click here to see the Company's full Forward-Looking Statement Disclaimer/Risks and Uncertainties Statement.

Business Highlights

Hyster-Yale is a leading global lift truck manufacturer.Learn More

Global Presence

Our resources are strategically deployed around the world, enabling the company to remain responsive to the needs of dealers and customers wherever they live and work.Learn More

History

With our Hyster® and Yale® brands, Hyster-Yale, through its operating company, NMHG, possesses over 80 years of proven performance.Learn More

Management

The executive management team features some of the brightest and most experienced professionals in the industry.Learn More

Common Stock Detail

Hyster-Yale is a public company with approximately 16.8 million outstanding shares as of March 17, 2014.Learn More

Environmental & Corporate Responsibility

At Hyster-Yale, we hold ourselves accountable at every level. From our headquarters to individual NMHG facilities, our corporate ethics help define who we are.Learn More

Copyright 2014 Hyster-Yale Materials Handling, Inc. All rights reserved5875 Landerbrook Drive, Suite 300 | Cleveland, Ohio 44124-4069