Hyster-Yale Q2 revenue falls 15% on lower shipments

Hyster-Yale

04/08/2026 22:10

Overview
U.S. lift truck maker's Q2 revenue fell 15% yr/yr, rose 2% sequentially as bookings improved
Adjusted EPS loss widened yr/yr, driven by lower shipment volumes and higher tariff costs
Operating cash flow improved in Q2, supported by favorable working capital actions

Outlook
Company expects bookings in 2026 to exceed 2025, driven by healthier industry conditions
Company expects a moderate operating loss for full-year 2026
Capital expenditures for 2026 expected to range from $50 mln to $60 mln

Result Drivers
BOOKINGS AND SHIPMENTS - Sequential revenue growth was driven by improved bookings translating into higher shipment volumes and favorable pricing
PRODUCT MIX SHIFT - Year-over-year revenue decline reflected lower sales of higher-value lift trucks as customers shifted toward lighter-duty, lower-priced models
TARIFF COSTS - Elevated tariff-related costs, partially offset by refunds, negatively impacted gross margins and operating results

Company press release: ID:nPn5BWXSWa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$812.90 mln
$804.62 mln (2 Analysts)
Q2 Net Loss
 
$31.60 mln
 
Q2 Operating Income
 
-$18.40 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 $46.00, about 31.2% above its August 3 closing price of $35.06

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Aug 3 - Custom Truck One Source Q2 revenue up on utility transmission, distribution markets strength; raises FY outlook

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(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.)