Hyster-Yale 8-K Filings

Hyster-Yale, Inc. reported Q2 2026 consolidated revenue of $813M, 2% higher than Q1 2026, as stronger bookings translated into higher shipments and favorable pricing. The company recorded an operating loss of $18M, an adjusted operating loss of $17M, a net loss of $32M and adjusted EBITDA of -$5M, all showing sequential improvement but remaining negative.

Liquidity totaled $689M, including $73M of cash, with total debt of $500M and net debt of $427.4M. Q2 2026 unit bookings reached $680M, up 17% from Q1 2026 and about twice Q2 2025, and backlog was about $1.6B, or roughly five months of production. Management expects first-half 2026 to mark the bottom of the current lift truck market cycle, anticipates a second-half recovery supported by improved demand and pricing actions, but still projects a moderate full-year operating loss as tariff costs remain elevated. A 2025 restructuring program is expected to deliver $40–$45M of annualized benefits, with about half realized in the remainder of 2026.

Hyster-Yale, Inc. furnished updated historical quarterly data through Q2 2026, showing a notable downturn versus prior years. Consolidated revenue was 795.2 million in Q1 2026 and 812.9 million in Q2 2026, down 12.7% and 15.0% year over year.

Gross margin was 15.7% in both quarters, compared with a 16.8% full-year 2025 level, and the company reported operating losses of (28.0) million in Q1 and (18.4) million in Q2. Net income attributable to stockholders was a loss of (30.5) million in Q1 and (31.6) million in Q2, following a (60.1) million loss in 2025 after a 142.3 million profit in 2024.

Net cash from operating activities was (32.9) million in Q1 2026 and 16.7 million in Q2, while total debt stood at 500.0 million at Q2 with debt to total capitalization of 54.9%. Return on equity deteriorated to -23.6% in Q2 2026, and non-GAAP return on total capital employed was -8.9% for the LTM 6/30/26 period.

Hyster-Yale, Inc. reported Q2 2026 revenue of $812.9 million, down 15% from Q2 2025 but up 2% from Q1 2026. Operating loss was $18.4 million and net loss $31.6 million, compared with a $13.9 million loss a year ago; diluted loss per share was $(1.76). On an adjusted basis, operating loss was $16.7 million and adjusted diluted loss per share $(1.64). Results also included $8.1 million of income tax expense, with a $3.4 million non-cash valuation allowance in Brazil.

Lift Truck revenue was $755.5 million, down 16% year over year but 2% above Q1, as mix shifted toward lower-priced models and tariff costs increased. Bookings reached $680 million, up 17% sequentially and 106% year over year, and backlog was $1.58 billion, roughly five months of production. Gross margin benefited from $35 million in tariff refunds, largely offset by higher current tariff costs, including about $20 million of incremental gross tariff-related expense versus Q2 2025.

Bolzoni posted Q2 revenue of $81.9 million and operating profit of $2.0 million. Operating cash flow improved to a $16.7 million source, aided by inventory reductions of roughly $110 million versus a year ago (excluding currency and tariffs). Net debt was $427.4 million and last-twelve-month adjusted EBITDA $(4.1 million). Management expects a moderate operating loss for full-year 2026, with stronger improvement late in the year as bookings convert to shipments and cost-reduction programs ramp.

Hyster-Yale, Inc. reported the results of its Annual Meeting of Stockholders held on May 12, 2026. Stockholders elected fifteen directors, each receiving over 40 million votes for, with broker non-votes of 1,415,138 on each election.

Stockholders approved, on an advisory basis, the Company's named executive officer compensation with 43,107,958 votes for, 1,783,884 against, and 133,032 abstentions. They also approved an amendment and restatement of the Non-Employee Directors' Equity Compensation Plan with 44,269,192 votes for and 736,481 against.

In addition, stockholders confirmed Ernst & Young LLP as the independent registered public accounting firm for the current fiscal year, with 46,067,184 votes for, 336,844 against, and 35,984 abstentions.

Hyster-Yale, Inc. reported a weak Q1 2026, with revenue of $795 million, down 13% from Q1 2025, and an operating loss of $28 million versus a prior-year profit. The company posted a net loss of $31 million, and an adjusted operating loss of $26 million, driven largely by a customer shift toward lighter-duty, lower-priced, lower-margin trucks and roughly $30 million in gross tariff costs.

Adjusted EBITDA was a loss of $13 million compared with a $35 million gain a year earlier. Working capital was $706 million, with inventory down $126 million year over year, and the company used $33 million of cash in operations in line with seasonal patterns. Net debt stood at $424 million, up modestly year over year, and leverage is elevated as earnings have fallen.

Bookings show some recovery, with $580 million in unit bookings, up 7% versus Q4 2025, and a $1.4 billion unit-value backlog that remains below target. For 2026, management expects first-half losses but anticipates a profitable second half supported by bookings, backlog and cost actions, leading to a modest full-year operating profit and operating cash flow moderately below 2025.

Hyster-Yale, Inc. furnished updated historical quarterly data, including preliminary figures for Q1 2026. Consolidated revenue for Q1 2026 was $795.2 million, down 12.7% year over year. The company reported Q1 2026 gross profit of $124.8 million, with a gross margin of 15.7%, and operating loss of $28.0 million, an operating margin of -3.5%.

Net income (loss) attributable to stockholders for Q1 2026 was a loss of $30.5 million, compared with a full-year 2025 loss of $60.1 million. Net cash provided by (used for) operating activities in Q1 2026 was an outflow of $32.9 million, while capital expenditures were $9.8 million.

In Q1 2026, total debt was $505.3 million and total equity $450.9 million, resulting in debt to total capitalization of 52.8%. Return on equity for Q1 2026 was -19.1%, and the non-GAAP actual return on total capital employed percentage for the period shown as 2026 was -5.4%.

Hyster-Yale, Inc. reported a weak Q1 2026, with consolidated revenues of $795.2 million, down 13% from $910.4 million in Q1 2025, as sales shifted toward lighter-duty, lower-priced lift trucks and excess backlog was depleted.

The Company posted an operating loss of $28.0 million and a net loss attributable to stockholders of $30.5 million, or $(1.71) per diluted share, compared with a $21.3 million operating profit and $0.48 diluted EPS a year earlier. Results included about $30 million of gross tariff costs and lower gross margins across all lift truck regions.

Lift Truck revenues fell 14% to $739.7 million, while Bolzoni revenues grew modestly to $82.9 million but slipped to a small operating loss. Liquidity metrics worsened: net debt rose to $423.5 million and last‑twelve‑months Adjusted EBITDA dropped to $22.2 million, raising Net Debt/Adjusted EBITDA to 19.1x.

Management expects a significant first‑half 2026 loss driven by tariffs and low shipments, but is targeting a modest full‑year operating profit, with improved bookings, backlog recovery, cost‑reduction programs and manufacturing optimization supporting better results in the second half.

Hyster-Yale reported weak Q4 2025 results but outlined a moderate recovery plan for 2026. Q4 revenue was $923 million, down 14% from the prior year, with an adjusted operating loss of $16 million versus a strong profit a year earlier. The quarter produced an adjusted net loss of $36.6 million and reflected lower lift truck and attachment volumes, tariff pressure and customer order deferrals.

For full-year 2025, revenue reached $3.77 billion with only $16 million of adjusted operating profit and a $60.1 million net loss, highlighting slim margins and cost headwinds. Still, the company generated $57 million of operating cash flow in Q4, reduced net debt to $371 million and improved working capital efficiency.

Management expects 2026 revenue growth, driven by stronger second-half bookings and shipments, moderate full-year operating profit and operating cash flow broadly consistent with 2025. Tariffs and competitive pricing are expected to keep pressure on margins, but cost-reduction programs, modular product platforms, electrification, automation and attachment growth are central to Hyster-Yale’s long-term goal of a 7% operating margin, working capital at 15% of sales and ROTCE above 20%.

Hyster-Yale, Inc. furnished updated historical quarterly financial data, revealing a sharp downturn in 2025 after two strong years. Consolidated revenue fell to $3,769.3M in 2025 from $4,308.2M in 2024, a 12.5% decline, with lower sales across the Lift Truck and Bolzoni businesses.

Gross margin compressed from 20.8% to 16.8%, while operating profit swung from $244.8M in 2024 to an operating loss of $22.1M in 2025. Net income attributable to stockholders fell from $142.3M to a net loss of $60.1M. Cash from operating activities dropped from $170.7M to $86.1M as capital expenditures increased to $62.5M, and debt to total capitalization rose to 50.9%.

Hyster-Yale, Inc. reported sharply weaker results for Q4 and full-year 2025 as tariffs and soft demand hit its lift truck business. Full-year revenues fell to $3.77 billion, down 13%, and operating performance swung to a loss of $22.1 million from a strong profit in 2024, with net loss at $60.1 million versus prior net income of $142.3 million. Q4 revenues declined to $923.2 million, and the quarter showed an operating loss of $37.2 million and net loss of $52.5 million, pressured by roughly $40 million of gross tariff costs. Adjusted EBITDA for the last twelve months dropped to $69.8 million from $320.2 million, pushing net debt to adjusted EBITDA to 5.3x. Despite this, Q4 bookings rose to about $540 million, up 42% sequentially and 35% year over year, which management views as a potential early sign of demand recovery. For 2026, the company expects slightly higher shipments, a moderate full-year operating profit, and stronger second-half revenue, supported by restructuring and cost-reduction programs targeting $85–$100 million of annualized savings by 2028, while tariff policy remains a major uncertainty.

Hyster-Yale, Inc. reports that Senior Vice President, Chief Financial Officer and Treasurer Scott A. Minder has decided to resign, effective December 31, 2025.

The company has begun a search for his successor. During this transition, President and Chief Executive Officer Rajiv K. Prasad will serve as the company’s principal financial officer starting January 1, 2026. The company notes that Mr. Prasad’s background was previously detailed in its March 25, 2025 definitive proxy statement and that he is not a party to any transaction described in Item 404(a) of Regulation S-K involving the company or its subsidiaries.

Hyster-Yale, Inc. announced that its Board of Directors approved a restructuring plan on November 13, 2025, aimed at advancing its cost reduction initiatives in response to current economic and industry dynamics. As part of this plan, the company will reduce its global workforce by approximately 575 employees.

Hyster-Yale expects to record pre-tax charges of approximately $21 million in the fourth quarter of 2025, primarily related to severance and associated employee benefits, with all of these costs to be paid in cash. These cash payments are expected to begin in the fourth quarter of 2025, with the remaining amounts to be paid during 2026. The company also furnished a press release dated November 19, 2025, as an exhibit.

Hyster‑Yale, Inc. furnished an updated investor presentation posted on its website on November 4, 2025, via a Form 8‑K under Items 2.02 and 7.01.

The presentation is attached as Exhibit 99 and is furnished, not filed, meaning it is not subject to Section 18 liability and is not incorporated into other filings unless specifically referenced.

Hyster‑Yale (HY) furnished an 8‑K announcing that additional historical quarterly financial data and updated schedules for its third quarter 2025 results were posted on its website on November 4, 2025. The materials are included as Exhibit 99.

The information is being furnished under Item 2.02 and Item 7.01 and is not deemed filed for purposes of the Exchange Act, nor incorporated by reference, unless specifically referenced.

Hyster-Yale, Inc. furnished an earnings press release announcing its unaudited financial results for the three and nine months ended September 30, 2025. The company provided this information under Item 2.02, covering results of operations and financial condition.

The detailed third quarter 2025 figures and commentary are contained in the attached Exhibit 99 earnings release, which is furnished rather than filed and therefore is not automatically incorporated into other securities law filings.

Hyster-Yale (NYSE:HY) entered into a $300 million Third Amended & Restated revolving credit facility on 24 June 2025.

The agreement, split into $210 million domestic and $90 million foreign tranches, replaces a revolver due 2026 and now matures on 24 June 2030, with an accordion option up to $400 million.

• Collateral: first-priority lien on working-capital assets; second-priority on equity, fixtures and IP.
• Rates: U.S. base +0.25%–0.75% or SOFR/EURIBOR +1.25%–1.75%; introductory margins 0.50%/1.50% until 30 Jun 2025.
• Unused commitment fee: 0.25% p.a.
• Covenants limit extra debt, dividends and investments unless excess availability >10% of borrowing base or >$20 million and fixed-charge coverage tests are met.

The facility extends tenor, improves liquidity and offers upsize flexibility, but increases secured leverage and imposes tighter cash-return constraints.