Hyster-Yale Q4 revenue falls 14%, reflecting weaker shipments

Hyster-Yale

03/03/2026 22:00

Overview

Forklift manufacturer reported Q4 revenue down 14% yr/yr, reflecting weaker shipments

Company's Q4 operating loss was $37.2 mln due to lower volumes and tariff costs

Q4 bookings rose 42% sequentially, indicating potential demand recovery in Americas

Outlook

Company expects shipment volumes to increase in second half of 2026

Moderate full-year 2026 operating profit expected

Result Drivers

TARIFF IMPACT - Tariffs reduced Q4 revenue and operating profit, contributing to a $37.2 mln operating loss

BOOKINGS INCREASE - Q4 bookings rose 42% sequentially, indicating potential demand recovery in Americas

INVENTORY EFFICIENCY - Improved inventory efficiency drove operating cash flow to $57 mln

Company press release: ID:nPn2xLpPda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Miss*
$923.20 mln
$929.20 mln (2 Analysts)
Q4 Net Income
-$52.50 mln
Q4 Operating Income
-$37.20 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $45.00, about 14.4% above its March 2 closing price of $39.34

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.)