Gold bars to be exempt from tariffs, White House clarifies
CLEVELAND - Industrial equipment manufacturer Hyster-Yale, Inc. disclosed updated historical quarterly financial data on its website today, according to a recent SEC filing. The company, known for its production of industrial trucks, tractors, trailers, and stackers, generated $4.27 billion in revenue over the last twelve months, with a healthy gross profit margin of 21%. This information was provided to comply with financial disclosure regulations.
The data released includes additional historical financial information for the fourth quarter of 2024 and updates to previously published schedules. Hyster-Yale emphasized that the data is intended to provide historical insights into the company’s operational results and is not indicative of future performance. According to InvestingPro analysis, the company currently appears undervalued, with a P/E ratio of 5.75 and strong financial health metrics.
The financial data, now available on the company’s website at www.hyster-yale.com, has been furnished pursuant to Item 2.02 of Form 8-K. This means that the information, which includes Hyster-Yale’s results of operations, is not considered "filed" for SEC purposes and is not subject to the liability of that section. Furthermore, it is not to be incorporated by reference into any future filings under the Securities Act unless explicitly stated.
Hyster-Yale, headquartered in Cleveland, Ohio, operates under the ticker symbol HY on the New York Stock Exchange. The company has undergone several name changes in its history, with the most recent being from Hyster-Yale Materials Handling (NYSE:HY), Inc. to its current name.
The release of this financial data reflects Hyster-Yale’s commitment to transparency and regulatory compliance regarding its financial reporting. This announcement is based on the company’s recent SEC filing and is intended to inform investors and the public of the company’s historical financial performance.
In other recent news, Hyster-Yale, Inc. has declared a regular quarterly cash dividend of 35 cents per share, payable on March 14, 2025, to shareholders of record as of February 28, 2025. This announcement pertains to both Class A and Class B Common Stock. Additionally, Hyster-Yale has reported changes to its executive compensation structure as part of its long-term succession planning. Effective January 1, 2025, Anthony Salgado, currently the Chief Operating Officer of Hyster-Yale Materials Handling, Inc., will be promoted to Chief Executive Officer, with his base salary increasing to $768,439 annually. His target cash opportunity under the Annual Incentive Compensation Plan will rise to 75% of his new role’s salary midpoint. Meanwhile, Alfred M. Rankin, Jr., the Executive Chairman of the Board, will see a slight decrease in his base salary to $1,009,411 annually. Despite the adjustment, Rankin’s target cash opportunity and long-term equity incentive targets will remain unchanged. These compensation changes were approved by the Compensation and Human Capital Committee of the Board of Directors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.