Hyster-Yale Q3 revenue down, hurt by lower truck volumes

Hyster-Yale

04/11/2025 21:57

Overview

Hyster-Yale Q3 revenue declines 4% yr/yr but beats analyst expectations

Adjusted loss per share for Q3 beats estimates

Operating profit decline due to higher tariffs and lower truck volumes

Outlook

Company expects Q4 2025 operating loss due to moderated production rates

Tariff costs in Q4 2025 projected to remain consistent with Q3 2025

Bolzoni's Q4 2025 revenues projected to decrease slightly vs Q3

Result Drivers

LOWER TRUCK VOLUMES - Co attributes Lift Truck revenue decline to lower truck volumes amid economic uncertainty affecting customer bookings

INVENTORY EFFICIENCY - Improved operating cash flow due to increased inventory efficiency, particularly in manufacturing stock

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$979.1 mln
$955.70 mln (2 Analysts)
Q3 Adjusted EPS
Beat
-$0.09
-$0.14 (2 Analysts)
Q3 Net Income
-$2.3 mln
Q3 Operating Income
$2.3 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "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 $50.00, about 30.9% above its November 4 closing price of $34.56

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nPn77YF0Ga

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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.)