Hyster-Yale Q1 revenue falls 13% on lower-priced truck mix, tariffs drive loss

Hyster-Yale

05/05/2026 21:52

Overview

U.S. lift truck maker's Q1 revenue fell 13% yr/yr, missing analyst expectations

Company posted Q1 operating loss, driven by shift to lower-priced trucks and $30 mln tariff costs

Management expects improved results in second half 2026 as cost actions and new products take effect

Outlook

Company expects full-year 2026 operating profit to be modest, with losses in first half

Hyster-Yale sees Q2 2026 as financial low point, with improvement expected in second half

Company projects 2026 capital expenditures of $55–$70 mln

Result Drivers

PRODUCT MIX SHIFT - Revenue and operating profit fell due to a shift toward lighter-duty, lower-priced trucks and depletion of excess backlog

TARIFF COSTS - About $30 mln in gross tariff costs weighed on operating results

MACROECONOMIC PRESSURE - Economic uncertainty and cautious customer spending further reduced potential revenues

Company press release: ID:nPnbdVkNMa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$795.20 mln
$878.12 mln (2 Analysts)
Q1 Net Income
-$30.50 mln
Q1 Operating Income
-$28 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

Wall Street's median 12-month price target for Hyster-Yale Inc is $47.00, about 17.6% above its May 5 closing price of $39.95

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)