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HY

Hyster-Yale Materials Handling, Inc.

HY

Hyster-Yale Materials Handling, Inc. • NYSE
$29.08 ▲ 1.47% (+0.42)
Market Cap $515.66 M
52w High $58.72
52w Low $26.41
Dividend Yield 1.07%
P/E 207.71
Volume 70.50K
Outstanding Shares 17.73M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $979.1M ▲ $152.6M ▼ $-2.3M ▲ -0.235% ▲ $-0.13 ▲ $17.4M ▲
Q2-2025 $956.6M ▲ $176.7M ▲ $-13.9M ▼ -1.453% ▼ $-0.79 ▼ $6.5M ▼
Q1-2025 $910.4M ▼ $156.4M ▼ $8.6M ▼ 0.945% ▼ $0.49 ▼ $35.5M ▼
Q4-2024 $1.067B ▲ $175.3M ▲ $10.3M ▼ 0.965% ▼ $0.59 ▼ $43.5M ▼
Q3-2024 $1.016B $159.8M $17.2M 1.693% $0.98 $48.2M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $74.6M ▲ $2.061B ▼ $1.505B ▼ $536M ▼
Q2-2025 $66.9M ▼ $2.075B ▲ $1.512B ▼ $544.7M ▲
Q1-2025 $77.2M ▼ $2.055B ▲ $1.526B ▼ $510M ▲
Q4-2024 $96.6M ▲ $2.029B ▼ $1.535B ▼ $475.1M ▼
Q3-2024 $75.6M $2.172B $1.623B $529.9M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-2.3M ▲ $37.1M ▲ $-14.2M ▲ $-18.1M ▲ $4.2M ▲ $22.6M ▲
Q2-2025 $-13.4M ▼ $28.9M ▲ $-15.3M ▼ $-26.2M ▼ $-10.3M ▲ $15.1M ▲
Q1-2025 $8.7M ▼ $-36.4M ▼ $-10.3M ▲ $25.9M ▲ $-19.4M ▼ $-47M ▼
Q4-2024 $10.3M ▼ $80.7M ▲ $-16.9M ▼ $-37.9M ▲ $21M ▲ $62.8M ▲
Q3-2024 $17.8M $70.1M $-12M $-50.8M $9.1M $59.9M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Other revenue
Other revenue
 $190.00M ▲$90.00M ▼$100.00M ▲$100.00M ▲

Five-Year Company Overview

Income Statement

Income Statement The business has grown steadily over the last five years, with sales climbing each year and especially strong growth since the pandemic period. Profitability has improved meaningfully: the company moved from losses a few years ago to healthy operating and net profits in the last two years. Margins have widened as pricing, mix, and cost control have caught up with earlier supply‑chain and inflation pressures. Earnings are now consistently positive but have shown that they can be quite cyclical when conditions in industrial and logistics markets turn.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid but somewhat leveraged. Total assets have been fairly stable, while debt has crept up from earlier levels and now represents a meaningful part of the capital structure. Cash on hand is modest, so the company relies on ongoing cash generation and credit access rather than a large cash cushion. Equity shrank during the loss years and has since been rebuilt as profits returned, which strengthens the financial foundation but still leaves less of an equity buffer than in the past.

Cash Flow

Cash Flow Cash generation has improved noticeably. Operating cash flow is now firmly positive after a period of strain, helped by better profitability and more normalized working capital. Free cash flow has been positive in most recent years, even after steady investment in the business, which suggests a more self‑funding model. Capital spending has been disciplined and relatively low compared with the size of the business, supporting cash flow but also meaning growth investments need to be carefully prioritized.

Competitive Edge

Competitive Edge Hyster‑Yale benefits from long‑standing, well‑known brands, a very broad product range, and a deep independent dealer network that is difficult for new entrants to replicate. Its global manufacturing footprint and established relationships with customers in logistics, manufacturing, and other heavy users of lift trucks give it scale advantages and sticky demand. At the same time, it operates in a competitive, cyclical industry where pricing pressure and economic slowdowns can quickly squeeze margins, so maintaining this edge requires continuous service quality and product differentiation.

Innovation and R&D

Innovation and R&D The company is leaning into electrification, hydrogen fuel cells, automation, and advanced safety systems to stay ahead of industry shifts. Its work on lithium‑ion designs, hydrogen fuel cell solutions via Nuvera, and the new Atlas automated truck platform are clear attempts to move up the value chain from simple equipment to integrated, intelligent systems. Partnerships in robotics, operator‑assistance technologies, and early exploration of AI‑driven product development all suggest a forward‑looking R&D agenda. The key question is execution: turning promising technologies into widely adopted, profitable offerings in a market that can be slow to change and sensitive to upfront costs.

Summary

Hyster‑Yale has transitioned from a period of weaker results to one of healthier growth and profitability, supported by better operational performance and more disciplined cash generation. The balance sheet is sound but not overly conservative, with moderate debt and limited cash, making consistent cash flow important. Its competitive foundation—trusted brands, broad offerings, and strong dealers—is solid, and management is clearly investing in the future through electrification, hydrogen, automation, and data‑driven solutions. The overall picture is of a cyclical industrial business that has strengthened its earnings profile and is actively trying to reposition itself for long‑term shifts in how warehouses and supply chains operate, while still exposed to ups and downs in the broader economy and technology adoption rates.

NEWS

November 19, 2025 · 4:43 PM UTC

HYSTER-YALE ANNOUNCES COST REDUCTION ACTIONS AMID CHALLENGING MARKET CONDITIONS

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November 13, 2025 · 2:55 PM UTC

HYSTER-YALE DECLARES QUARTERLY DIVIDEND

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November 4, 2025 · 4:46 PM UTC

HYSTER-YALE ANNOUNCES THIRD QUARTER 2025 RESULTS

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October 28, 2025 · 6:30 AM UTC

HYSTER-YALE ANNOUNCES DATES OF THIRD QUARTER 2025 EARNINGS RELEASE AND WEBCAST

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