HY - Earnings announcements

2025 Highlights and 2026 Outlook: Q4 bookings strengthened significantly, up 42% sequentially and 35% year-over-year, potentially signaling the beginning of demand recovery in the AmericasQ4 operating cash flow increased to $57 million, driven by improved inventory efficiency Tariffs remained a major headwind, reducing Q4 and full‑year revenue and operating profit Q4 revenues down to $923 million, reflecting weaker shipmentsQ4 operating loss of $37 million, resulting from lower volumes and approximately $40 million in gross tariff costsFull-year 2025 revenue declined to $3.8 billion with an operating loss of $22 million, including approximately $100 million in gross tariff costsShipment volu

Q3 2025 Consolidated Highlights:  Consolidated revenues of $979 million grew by 2% sequentially; declined 4% year-over-yearOperating profit declined year-over-year amid higher tariffs and lower truck volumes Operating cash flow of $37 million improved sequentially due to increased inventory efficiency CLEVELAND, Nov. 4, 2025 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE:HY) reported the following consolidated results for the three months ended September 30, 2025. ($ in millions except per share amounts) Three Months Ended Q3 2025 Q3 2024 % Change Q2 2025 % Change Revenues $979.1 $1,016.1 (4) % $956.6 2 % Operating Profit (Loss) $2.3 $33.1 (93) % $(8.5) 127 % Net Income (Loss) $(2.3) $17.2 (113) %

Q2 2025 Consolidated Highlights:  Consolidated revenues improved 5% from Q1 2025 to $957 millionOperating loss of $8.5 million and adjusted operating profit of $7.2 million declined sequentially due to increased product costs, lower shipments and pricesRenewed $300 million revolving credit facility with improved covenant flexibilityBookings declined significantly mainly due to tariff uncertainty within HY's customer baseCLEVELAND, Aug. 5, 2025 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE:HY) reported the following consolidated results for the three months ended June 30, 2025. Three Months Ended ($ in millions except per share amounts) Q2 2025 Q2 2024 % Change Q1 2025 % Change Revenues $956.6 $1,1

Q1 2025 Consolidated Highlights: Consolidated revenues of $910 million Consolidated operating profit of $21.3 million in line with company expectationsSignificant increase in Q1 2025 Lift Truck bookings compared to prior year and Q4 2024Inventory decreased $69 million in Q1 2025 compared to Q1 2024Market demand growth expected in second half of 2025, absent the potential effects from tariffsCLEVELAND, May 6, 2025 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE:HY) reported the following consolidated results for the three months ended March 31, 2025. Three Months Ended ($ in millions except per share amounts) Q1 2025 Q1 2024 % Change Q4 2024 % Change Revenues $910.4 $1,056.5 (14) % $1,067.5 (15) % Op

Q4 and full year 2024 Highlights:  Full year revenues of $4.3 billion in 2024; Q4 2024 $1.1 billionAdjusted results exclude charges of $22.6 million in FY 2024 and $21.4 million in Q4 2024 for streamlining its manufacturing footprint and optimizing its operationsFull year operating profit of $245 million; adjusted operating profit $267 millionQ4 2024 operating profit of $32 million; adjusted operating profit of $54 million Full year revenues, operating profit and net income exceeded strong prior year performanceYear-over-year revenue growth in Americas Lift Truck: FY 2024 +11%; Q4 2024 +13%Generated $171 million of cash from operations in FY 2024; $81 million Q4 2024Repurchased approximately

Q3 2024 Consolidated Highlights:  Ongoing solid execution in seasonally lower third quarter Continued year-over-year revenue growth led by Americas Lift Truck and BolzoniOperating Profit of $33.1 million below exceptionally strong Q3 2023 resultsNet Income of $17.2 million compared to $35.8 million in Q3 2023Generated $70 million of cash from operations in Q3 2024CLEVELAND, Nov. 5, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE:HY) reported the following consolidated results for the three months ended September 30, 2024. Three Months Ended ($ in millions except per share amounts) 9/30/24 9/30/23 % Change 6/30/24 % Change Revenues $1,016.1 $1,001.2 2 % $1,168.1 (13) % Operating Profit $33.1 $58

Q2 2024 Consolidated Highlights: Continued consolidated revenue growth of more than 7% over Q2 2023 Operating profit of $95.6 million, up 63% from Q2 2023, and ahead of expectationsOperating profit margin of 8.2%, up from 5.4% in Q2 2023Net income of $63.3 million, up 65%, from Q2 2023CLEVELAND, Aug. 6, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE:HY) reported the following consolidated results for the three months ended June 30, 2024. Three Months Ended ($ in millions except per share amounts) 6/30/24 6/30/23 % Change 3/31/24 % Change Revenues $1,168.1 $1,090.6 7 % $1,056.5 11 % Operating Profit $95.6 $58.8 63 % $83.8 14 % Net Income $63.3 $38.3 65 % $51.5 23 % Diluted Earnings per Share $3

CLEVELAND, July 30, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE:HY) announced today it will release its Second Quarter 2024 financial results after market close on Tuesday, August 6, 2024. In conjunction with this release, the Company will host a webcast with the financial community at 11:00 a.m. ET on Wednesday, August 7, 2024, to discuss the financial results. Access to the live audio webcast will be available on the Company's website. To access the webcast, visit https://www.hyster-yale.com/investor-overview approximately 15 minutes prior to the event. An archive of the webcast will be available on the Company's website approximately two hours after the live call ends. About Hyster-Yale,

Q1 2024 Highlights:  Consolidated operating profit of $83.8 million, up 97% from Q1 2023, and above previous expectationsConsolidated operating profit margin of 7.9%, up from 4.3% in Q1 2023Consolidated revenues of $1.1 billion, up 6% from Q1 2023 quarter and the fourth consecutive quarter with revenues over $1 billionNet income of $51.5 million, up 94%, from Q1 2023CLEVELAND, May 7, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) reported the following consolidated results for the three months ended March 31, 2024. All comparisons are to the three months ended March 31, 2023, unless otherwise noted. Three Months Ended ($ in millions except per share amounts) 3/31/24 3/31

CLEVELAND, April 30, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its First Quarter 2024 financial results after market close on Tuesday, May 7, 2024. In conjunction with this release, the Company will host a webcast with the financial community at 2:30 p.m. ET on Wednesday, May 8, 2024, to discuss the financial results. Access to the live audio webcast will be available on the Company's website. To access the webcast, visit https://www.hyster-yale.com/investors approximately 15 minutes prior to the event. An archive of the webcast will be available on the Company's website approximately two hours after the live call ends. About Hyster-Yale Materials Handl

Q4 and Full-Year 2023 Highlights:  Q4 consolidated operating profit of $48.7 million up 146% from Q4 2022, despite $9.6 million of equity incentive compensation expense specifically due to appreciation in the Company's stock price during Q4 2023Q4 consolidated revenue growth of $42 million, or 4%, compared with Q4 2022 Q4 Lift Truck operating profit of $54.2 million and margin of 5.5% increased significantly over Q4 2022 due to improved product margins Average sales price per backlog unit up 16% over Q4 2022 and 2% over Q3 2023Q4 consolidated net income of $25.2 increased from $7.6 million in Q4 2022Full-year net income of $125.9 million increased by $200 million from 2022 loss of $74.1 mill

CLEVELAND, Feb. 20, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its Fourth Quarter and Full Year 2023 financial results after market close on Tuesday, February 27, 2024. In conjunction with this release, the Company will host a webcast with the financial community at 11:00 a.m. ET on Wednesday, February 28, 2024, to discuss the financial results. Access to the live audio webcast will be available on the Company's website. To access the webcast, visit https://www.hyster-yale.com/investors approximately 15 minutes prior to the event. An archive of the webcast will be available on the Company's website approximately two hours after the live call ends. About

Q2 2023 Highlights:  Consolidated revenues of $1.1 billion increased 22% over Q2 2022 due to higher sales volumes and pricing Consolidated operating profit of $58.8 million compared with a loss in Q2 2022 Lift Truck operating profit and margin of $62.5 million and 6.0% were significantly ahead of expectations due to higher pricing and improved sales mixAverage sales price per backlog unit increased 23% over Q2 2022 and 5% over Q1 2023Bolzoni operating profit of $5.4 million increased 59% over Q2 2022H2 2023 Outlook: Substantial second-half consolidated net income is projected, including seasonally lower third-quarter results CLEVELAND, Aug. 1, 2023 /PRNewswire/ -- Hyster-Yale Materials Handl

CLEVELAND, July 25, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2023 Second Quarter financial results after the close of the market on Tuesday, August 1, 2023. In conjunction with this release, the Company will host a conference call at 11:00 a.m. Eastern Time on Wednesday, August 2, 2023 to discuss its results for the 2023 second quarter. To register for this conference call, please use the following link: https://conferencingportals.com/event/ejqmGqeU. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required for call entry. Registration is open throughout the live call. To e

Q1 2023 Highlights:  Consolidated revenues of nearly $1 billion increased 21% over Q1 2022 due to higher pricing and sales volumes, and an improved sales mix Consolidated operating profit of $42.6 million and consolidated net income of $26.6 million compared with losses in Q1 2022 Lift Truck operating profit of $47.8 million and 5% operating margin were significantly ahead of expectations despite continued production challenges and currency headwinds Average sales price per backlog unit increased nearly 34% over Q1 2022 and 2% over Q4 2022Bolzoni operating profit of $4.4 million more than doubled from Q1 2022Full-Year 2023 Outlook: Substantial consolidated net income is expected for 2023 ful

CLEVELAND, April 25, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2023 First Quarter financial results after the close of the market on Tuesday, May 2, 2023. In conjunction with this release, the Company will host a conference call at 11:00 a.m. Eastern Time on Wednesday, May 3, 2023 to discuss its results for the 2023 first quarter. To register for this conference call, please use the following link: https://www.netroadshow.com/events/login?show=c87b56d8&confId=48921. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required for call entry. Registration is open throughout the l

Q4 2022 Highlights:  Record consolidated revenues of $985.2 million increased 18.7% over the prior year quarter due to higher pricing and favorable sales mix across all lift truck segmentsConsolidated operating profit of $19.8 million and consolidated net income of $7.6 million versus losses in Q3 2022 and Q4 2021 due to higher unit margins Lift Truck operating profit significantly ahead of Company expectations despite component shortages and unfavorable currency effectsAverage sales price per unit in backlog increased 33.6% over Q4 2021 and 6.8% versus Q3 2022 as long-standing, lower-priced backlog orders were fulfilledBolzoni returned to profitability despite a $2.4 million loss on sale of

CLEVELAND, Feb. 16, 2023 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2022 Fourth Quarter and Full Year financial results and will file its 2022 Annual Report on Form 10-K after the close of the market on Monday, February 27, 2023. In conjunction with this release, the Company will host a conference call at 11:00 a.m. Eastern Time on Tuesday, February 28, 2023 to discuss its results for the 2022 fourth quarter. To register for this conference call, please use the following link: https://www.netroadshow.com/events/login?show=3030f873&confId=46399. After registering, a confirmation will be sent via email, including dial-in details and unique conference call a

Highlights:  Q3 2022 consolidated revenues of $840.1 million increased 12.3% over Q3 2021 primarily due to increased lift truck prices and parts volumes across all geographic segmentsQ3 2022 consolidated operating loss of $24.9 million improved by nearly $30 million versus Q3 2021, which included $24.8 million of non-cash charges at NuveraQ3 2022 Lift Truck consolidated operating results improved versus prior year and were ahead of Company expectations, despite $10.8 million of unfavorable currency effects Q3 2022 net debt reduction of $28.6 million compared with Q2 2022 The Lift Truck business expects a return to profitability in Q4 2022 driven by higher margins as the Company continues to

CLEVELAND, Oct. 25, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2022 Third Quarter financial results and will file its 2022 Third Quarter 10-Q after the close of the market on Tuesday, November 1, 2022. In conjunction with this release, the Company will host a conference call at 11:00 a.m. Eastern Time on Wednesday, November 2, 2022 to discuss its results for the 2022 third quarter. To register for this conference call, please use the following link: https://www.netroadshow.com/events/login?show=5d333ac1&confId=41878. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required fo

Highlights:  Q2 2022 consolidated revenues increased 17.0% over Q2 2021 due to an 11.5% increase in shipments, primarily as a result of a 32.2% increase in EMEA lift truck shipmentsQ2 2022 consolidated and Lift Truck gross margins improved from the historically low Q4 2021 levels, but, as expected, decreased modestly compared with Q1 2022 gross margins due to additional commodity inflation resulting from the Russia/Ukraine conflict and adverse product mixQ2 2022 consolidated results were better than expected, but remained unprofitable with an operating loss of $15.7 million and a net loss of $19.4 million due to material and freight cost inflation, unfavorable manufacturing variances resulti

CLEVELAND, July 26, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2022 Second Quarter financial results and will file its 2022 Second Quarter 10-Q after the close of the market on Tuesday, August 2, 2022. In conjunction with this release, the Company will host a conference call at 11:00 a.m. Eastern Time on Wednesday, August 3, 2022 to discuss its results for the 2022 second quarter. To register for this conference call, please use the following link: https://ige.netroadshow.com/registration/q4inc/11031/hyster-yale-q2-2022-earnings-conference-call/. After registering, a confirmation will be sent via email, including dial-in details and unique conference

Highlights:  Q1 2022 revenues increased 13.0% over Q1 2021 due to a 7.2% increase in consolidated shipments primarily as a result of an 18.7% increase in Americas lift truck shipmentsComparable revenues, favorable sales mix and the reinstatement of tariff exclusions led to improved Q1 2022 gross margins compared with Q4 2021Q1 2022 results were better than expected in the Q4 2021 earnings release, but remained unprofitable with a consolidated operating loss of $18.3 million and a consolidated net loss of $25.0 million due to the following:Material and freight cost inflation, unfavorable manufacturing variances resulting from component shortages, charges of $3.2 million to establish reserves

CLEVELAND, April 26, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2022 First Quarter financial results and will file its 2022 First Quarter 10-Q after the close of the market on Tuesday, May 3, 2022. In conjunction with this release, the Company will host a conference call at 11:00 a.m. Eastern Time on Wednesday, May 4, 2022 to discuss its results for the 2022 first quarter. To register for this conference call, please use the following link: http://www.directeventreg.com/registration/event/1990075. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required for call entry. Regist

CLEVELAND, Feb. 28, 2022 /PRNewswire/ -- Highlights:   Q4 2021 bookings increased 16.5% over Q4 2020 levels even as global lift truck market growth continued to moderate Q4 2021 revenues increased 15.3% over Q4 2020 due to a 24.2% increase in shipments Despite improved shipments and record backlog levels, Q4 2021 production continued to be severely disrupted by component and logistics availability Q4 2021 consolidated operating loss of $107.0 million and consolidated net loss of $103.3 million due to the following: At the Lift Truck and Bolzoni businesses, material and freight cost inflation and manufacturing variances driven by component shortages and increased operating expenses resulting

CLEVELAND, Feb. 17, 2022 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2021 Fourth Quarter financial and Full Year results and will file its 2021 Annual Report on Form 10-K after the close of the market on Monday, February 28, 2022. In conjunction with this release, the Company will host a conference call at 11:00 a.m. Eastern Time on Tuesday, March 1, 2022 to discuss its results for the 2021 fourth quarter. To register for this conference call, please use the following link: http://www.directeventreg.com/registration/event/3864728. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes r

CLEVELAND, Nov. 2, 2021 /PRNewswire/ -- Quarter Highlights:  Q3 2021 bookings increased 63.4% over Q3 2020 levels, but were down 20.9% from Q2 2021 record levels as the global lift truck market moderated Q3 2021 revenues increased 14.7% over Q3 2020 due to a 12.6% increase in shipments Despite improved shipments and record backlog levels, Q3 2021 production and shipments continue to be severely disrupted by component availability Q3 2021 consolidated operating loss of $54.3 million due to the following: At the Lift Truck and Bolzoni businesses, material and freight cost inflation and manufacturing variances driven by component shortages and higher operating expenses resulting from the elimin

CLEVELAND, Oct. 26, 2021 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2021 Third Quarter financial results and will file its 2021 Third Quarter 10-Q after the close of the market on Tuesday, November 2, 2021. In conjunction with this release, the Company will host a conference call at 11:00 a.m. Eastern Time on Wednesday, November 3, 2021 to discuss its results for the 2021 third quarter. To register for this conference call, please use the following link: http://www.directeventreg.com/registration/event/4694252. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required for call en

CLEVELAND, Aug. 3, 2021 /PRNewswire/ -- Quarter Highlights:  Record Q2 2021 bookings of 46,900 units up 10.6% from Q1 2021 (prior record) bookings and significantly higher than pandemic-affected bookings of 14,300 units in Q2 2020 Q2 2021 consolidated shipments increased 12.9% and revenues increased 17.0% from abnormally low Q2 2020 unit shipment and revenue levels that resulted from prior-year, pandemic-related plant shutdowns, primarily in EMEA Despite record booking and backlog levels, Q2 2021 shipments severely affected by component availability Q2 2021 consolidated operating profit decreased to $5.9 million from $8.7 million in Q2 2020 as a result of material and freight cost inflation

CLEVELAND, July 27, 2021 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE:HY) will release its 2021 Second Quarter financial results and will file its 2021 Second Quarter 10-Q after the close of the market on Tuesday, August 3, 2021. In conjunction with this release, the Company will host a conference call at 11:00 a.m. Eastern Time on Wednesday, August 4, 2021 to discuss its results for the 2021 second quarter. To register for this conference call, please use the following link: http://www.directeventreg.com/registration/event/6061423. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required for call ent