← Home
Sign up for free to get access to the best public company valuation and insights. Get started today and unlock the potential of your investments!
Sign up free
Hyster-Yale Materials Handling
-5.87%
Automotive / Forklift trucks and material handling
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
Hyster-Yale Materials Handling, Inc. is a leading global provider of forklift trucks, warehouse equipment, and aftermarket services. The company was founded in 1929 by brothers Willam and George N. Patterson as a small machine shop in Oregon, USA. They originally specialized in developing equipment for logging and timber industries, but soon expanded their product line to include forklifts for warehouse and material handling.
Today, Hyster-Yale is headquartered in Cleveland, Ohio, and has expanded its operations to serve customers in over 130 countries. The company has a diverse portfolio of products including electric and internal combustion forklift trucks, hand pallet trucks, reach trucks, and other warehouse equipment. Hyster-Yale also provides a wide range of aftermarket services, including maintenance and repair, operator training, and fleet management.
Hyster-Yale is committed to environmentally sustainable practices in its operations, products, and services. The company has implemented several initiatives to reduce its carbon footprint, increase energy efficiency, and promote sustainability throughout its supply chain.
Hyster-Yale is a publicly traded company, listed on the New York Stock Exchange under the ticker symbol HY. The company has a strong financial track record and continues to be a leader in the material handling industry.
Today, Hyster-Yale is headquartered in Cleveland, Ohio, and has expanded its operations to serve customers in over 130 countries. The company has a diverse portfolio of products including electric and internal combustion forklift trucks, hand pallet trucks, reach trucks, and other warehouse equipment. Hyster-Yale also provides a wide range of aftermarket services, including maintenance and repair, operator training, and fleet management.
Hyster-Yale is committed to environmentally sustainable practices in its operations, products, and services. The company has implemented several initiatives to reduce its carbon footprint, increase energy efficiency, and promote sustainability throughout its supply chain.
Hyster-Yale is a publicly traded company, listed on the New York Stock Exchange under the ticker symbol HY. The company has a strong financial track record and continues to be a leader in the material handling industry.
What is special about the company?
1. Long-standing History: The Hyster-Yale Materials Handling Inc. has a long history dating back to 1929 when it was founded as the Willamette Iron and Steel Works, later known as the Hyster Company.
2. Global Presence: With headquarters in Cleveland, Ohio, Hyster-Yale has a global reach with manufacturing operations in the United States, Europe, and Asia, as well as direct sales and service presence in over 160 countries.
3. Diverse Range of Materials Handling Products: Hyster-Yale offers a comprehensive range of materials handling equipment, including forklifts, container handlers, reach stackers, and warehousing equipment.
4. Innovation and Technology: The company has a strong focus on innovation and technology, constantly developing new features and solutions to meet the evolving needs of customers.
5. Strong Dealer Network: Hyster-Yale has a network of over 300 independent dealers worldwide, providing customers with access to sales, service, and support.
6. Commitment to Sustainability: The company is committed to sustainability, with an emphasis on reducing emissions and increasing fuel efficiency in its products.
7. Focus on Safety: Hyster-Yale prioritizes safety in its products, with features such as ergonomic designs, advanced safety systems, and operator training programs.
8. Strong Financial Performance: With a strong track record of financial performance, Hyster-Yale has consistently delivered value to its investors and shareholders.
9. Customer-Centric Approach: The company values its customers and focuses on building long-term relationships by understanding their needs and delivering customized solutions.
10. Commitment to Diversity and Inclusion: Hyster-Yale is committed to creating an inclusive and diverse workplace, with initiatives and programs that promote diversity and equality for all employees.
2. Global Presence: With headquarters in Cleveland, Ohio, Hyster-Yale has a global reach with manufacturing operations in the United States, Europe, and Asia, as well as direct sales and service presence in over 160 countries.
3. Diverse Range of Materials Handling Products: Hyster-Yale offers a comprehensive range of materials handling equipment, including forklifts, container handlers, reach stackers, and warehousing equipment.
4. Innovation and Technology: The company has a strong focus on innovation and technology, constantly developing new features and solutions to meet the evolving needs of customers.
5. Strong Dealer Network: Hyster-Yale has a network of over 300 independent dealers worldwide, providing customers with access to sales, service, and support.
6. Commitment to Sustainability: The company is committed to sustainability, with an emphasis on reducing emissions and increasing fuel efficiency in its products.
7. Focus on Safety: Hyster-Yale prioritizes safety in its products, with features such as ergonomic designs, advanced safety systems, and operator training programs.
8. Strong Financial Performance: With a strong track record of financial performance, Hyster-Yale has consistently delivered value to its investors and shareholders.
9. Customer-Centric Approach: The company values its customers and focuses on building long-term relationships by understanding their needs and delivering customized solutions.
10. Commitment to Diversity and Inclusion: Hyster-Yale is committed to creating an inclusive and diverse workplace, with initiatives and programs that promote diversity and equality for all employees.
What the company's business model?
Hyster-Yale Materials Handling, Inc. is a global manufacturer and distributor of materials handling equipment and solutions that improve operational efficiency and sustainability. The company’s business model is based on four core elements:
1. Product Innovation:
Hyster-Yale invests in research and development to design, manufacture, and distribute a wide range of lift trucks, specialty trucks, and aftermarket parts under the Hyster and Yale brand names. The company constantly innovates and upgrades its products to meet the changing needs of customers.
2. Distribution Channel:
Hyster-Yale has a strong global distribution network that includes dealers, company-owned dealerships, and direct sales. This model allows the company to reach a wider customer base and provide efficient service and support.
3. Aftermarket Support:
Hyster-Yale provides aftermarket support to its customers through its parts distribution centers and dealer network. This includes maintenance, repairs, and replacement parts to ensure the longevity and performance of their equipment.
4. Partnerships:
The company has formed strategic partnerships with other industry leaders to expand its product offerings and provide customers with a comprehensive range of solutions. This includes collaborations with other manufacturers, suppliers, and technology companies.
Overall, Hyster-Yale’s business model is focused on providing high-quality, innovative products and comprehensive solutions to its customers through a strong distribution network and aftermarket support.
1. Product Innovation:
Hyster-Yale invests in research and development to design, manufacture, and distribute a wide range of lift trucks, specialty trucks, and aftermarket parts under the Hyster and Yale brand names. The company constantly innovates and upgrades its products to meet the changing needs of customers.
2. Distribution Channel:
Hyster-Yale has a strong global distribution network that includes dealers, company-owned dealerships, and direct sales. This model allows the company to reach a wider customer base and provide efficient service and support.
3. Aftermarket Support:
Hyster-Yale provides aftermarket support to its customers through its parts distribution centers and dealer network. This includes maintenance, repairs, and replacement parts to ensure the longevity and performance of their equipment.
4. Partnerships:
The company has formed strategic partnerships with other industry leaders to expand its product offerings and provide customers with a comprehensive range of solutions. This includes collaborations with other manufacturers, suppliers, and technology companies.
Overall, Hyster-Yale’s business model is focused on providing high-quality, innovative products and comprehensive solutions to its customers through a strong distribution network and aftermarket support.
Interesting facts about the company
1. Hyster-Yale Materials Handling, Inc. is a global leader in the design, manufacture, sale, and service of lift trucks and other materials handling equipment.
2. The company was founded in 1929 in Portland, Oregon by brothers Willam and George Hyster.
3. In 1934, Hyster introduced the first-ever narrow aisle forklift truck, revolutionizing materials handling in warehouses and distribution centers.
4. The company expanded internationally in the 1950s, establishing manufacturing facilities in Canada and the UK.
5. Hyster was acquired by NACCO Industries, Inc. in 1989 and later merged with the materials handling division of its subsidiary, Yale Materials Handling Corporation, in 2012 to form Hyster-Yale Materials Handling, Inc.
6. Today, Hyster-Yale operates as a publicly traded company and is headquartered in Cleveland, Ohio.
7. The company’s products include a full range of electric and IC (internal combustion) forklift trucks, reach stackers, container handlers, and other materials handling equipment.
8. Hyster-Yale has manufacturing facilities in the United States, Mexico, Brazil, the Netherlands, Italy, Finland, the United Kingdom, and China.
9. The company has a global network of over 100 dealers and serves customers in more than 130 countries.
10. In addition to its material handling equipment, Hyster-Yale also provides aftermarket support, including maintenance and repair services, fleet management solutions, and parts distribution.
See Company Due Diligence:
2. The company was founded in 1929 in Portland, Oregon by brothers Willam and George Hyster.
3. In 1934, Hyster introduced the first-ever narrow aisle forklift truck, revolutionizing materials handling in warehouses and distribution centers.
4. The company expanded internationally in the 1950s, establishing manufacturing facilities in Canada and the UK.
5. Hyster was acquired by NACCO Industries, Inc. in 1989 and later merged with the materials handling division of its subsidiary, Yale Materials Handling Corporation, in 2012 to form Hyster-Yale Materials Handling, Inc.
6. Today, Hyster-Yale operates as a publicly traded company and is headquartered in Cleveland, Ohio.
7. The company’s products include a full range of electric and IC (internal combustion) forklift trucks, reach stackers, container handlers, and other materials handling equipment.
8. Hyster-Yale has manufacturing facilities in the United States, Mexico, Brazil, the Netherlands, Italy, Finland, the United Kingdom, and China.
9. The company has a global network of over 100 dealers and serves customers in more than 130 countries.
10. In addition to its material handling equipment, Hyster-Yale also provides aftermarket support, including maintenance and repair services, fleet management solutions, and parts distribution.
See Company Due Diligence:
Wait! There's more — sign up for free or log in