Hyster-Yale, Inc. provides lift trucks, attachments, parts, fleet management services, and technology and energy solutions worldwide through its subsidiaries. It manufactures components such as frames, masts, and transmissions, and assembles lift trucks. Products are marketed primarily under the Hyster, Yale, and Nuvera brands to independent Hyster and Yale retail dealerships. The company also offers attachments, forks, masts, and lift tables under the Bolzoni, Auramo, and Meyer brands, and parts under the UNISOURCE brand. It designs and produces specialized products for the port equipment and rough terrain forklift markets. Formerly known as Hyster-Yale Materials Handling, Inc., it changed its name to Hyster-Yale, Inc. in June 2024. The company was incorporated in 1991 and is headquartered in Cleveland, Ohio.
Hyster-Yale Q2 Revenue Falls 15% to $812.9 Million, Beats Estimates
Hyster-Yale Materials Handling reported second-quarter revenues of $812.9 million, down 15% year on year but exceeding analysts' expectations by 1%, in what was a very strong quarter for the company with a beat of analysts' EPS estimates. The result was the slowest revenue growth among the 9 professional tools and equipment stocks tracked, a group whose revenues as a whole beat analysts' consensus estimates by 2.1% while next quarter's revenue guidance came in 14.3% above. Kennametal posted the group's best quarter, with revenues of $736.6 million, up 42.6% year on year and 1.3% ahead of expectations, alongside the fastest revenue growth and highest full-year guidance raise in the group. Lincoln Electric reported revenues of $1.22 billion, up 12% year on year and 4.6% above expectations, though it significantly missed analysts' organic revenue estimates, while Stanley Black & Decker reported revenues of $3.96 billion, flat year on year and in line with expectations, marking the weakest performance against analyst estimates of the whole group. Snap-on reported revenues of $1.33 billion, up 4.2% year on year and 1.1% above expectations. On average, shares of the group are down 9.1% since the latest earnings results; Hyster-Yale is down 9% since reporting and currently trades at $31.98.
Hyster Delivers UK's First Hydrogen Fuel Cell ReachStacker to Port of Tilbury
Hyster and its authorized dealer Briggs Equipment UK have delivered a hydrogen fuel cell-powered Hyster ReachStacker to the Port of Tilbury in Essex, the first hydrogen fuel cell container handler to be deployed and fully operational in a real-world port application in the United Kingdom. The machine is powered by a Nuvera 60kW fuel cell engine that converts hydrogen into electricity to support a 130kWh lithium-ion battery, and it incorporates standardized Hyster software architecture used across other Hyster electric products. It is expected to help the Port of Tilbury cut its CO2 emissions footprint by more than 107,000 kilograms, or 79,600 pounds, of CO2 per year. On-board high-pressure tanks store 32kg of hydrogen, supporting long run times across a full 12-hour shift, and the ReachStacker can be refueled in less than 30 minutes, operating entirely on green hydrogen produced with an electrolyzer from GeoPura. The Port of Tilbury, part of the Forth Ports Group, is working toward net zero greenhouse gas emissions by 2042, and Briggs Equipment will provide front-line service and maintenance support while Hyster's Hypercare program supplies enhanced factory backing.
Flux Power guides Q1 2027 revenue to $6M-$7M, enters robotics testing
Flux Power Holdings guided first quarter fiscal 2027 revenue to $6 million to $7 million, below analysts' $8.05 million, while announcing entry into robotics testing with more than 70 batteries deployed. CEO Krishna Vanka said fourth quarter fiscal 2026 revenue rose 25% sequentially to $8.2 million, beating estimates, but fell from $16.7 million a year earlier due to a key material handling customer's capital freeze and tariff-related pressures. The company also received official certification from Hyster-Yale Materials Handling for all Class 1, 2, and 3 forklifts and launched its AI-driven SkyEMS 3.0 platform. CFO Kevin Royal said second quarter fiscal 2027 revenue should rebound to $8 million to $9 million, and gross margin should return above 30% once quarterly revenue exceeds $12 million. Cash and cash equivalents ended the quarter at $0.3 million.
Professional tools and equipment stocks reported a very strong second quarter, with the eight companies tracked beating analysts' revenue consensus estimates by 1.8% and next quarter's revenue guidance coming in 14.3% above expectations. Stanley Black & Decker reported revenues of $3.96 billion, flat year over year and in line with expectations, while beating EPS and EBITDA estimates. Kennametal delivered the fastest revenue growth, up 42.6% year over year to $736.6 million, and raised full-year guidance the most. Lincoln Electric posted revenues of $1.22 billion, up 12% year over year, but missed organic revenue estimates. Hyster-Yale Materials Handling saw revenues decline 15% year over year to $812.9 million, the slowest growth among peers, while Hillman grew revenues 9.8% to $442.3 million and beat full-year revenue and EBITDA guidance.
Hyster-Yale Q2 bookings rise 17% sequentially to $680 million
Hyster-Yale reported second-quarter results showing further signs of a gradual recovery in the lift truck market. Bookings rose 17% sequentially to $680 million, the highest quarterly level in three years, while revenue increased 2% to $813 million and the operating loss narrowed to $18 million. Management said customer delivery timing and production changes tied to tariff mitigation are expected to shift a larger portion of the recovery into the latter part of 2026, and the company still expects a moderate operating loss for full-year 2026. Cost initiatives including restructuring, sourcing changes and manufacturing-footprint optimization are expected to deliver significant savings, and Bolzoni returned to profitability. The company projects trailing 12-month EBITDA to exceed pre-COVID levels in the second half of 2027.
Hyster-Yale Materials Handling Faces Revenue, Cash Flow, and Debt Concerns
Hyster-Yale Materials Handling is flagged for underperformance due to three key weaknesses. The company's annualized revenue growth of 5.8% over the past five years fell short of industrials sector standards. It broke even on free cash flow over the same period, limiting reinvestment and shareholder returns. Additionally, with negative $26.3 million in EBITDA over the last 12 months and debt of $359.1 million exceeding its $81.8 million cash balance, the company's financial position raises solvency risks. The stock trades at $31.70 per share, or 11.4 times forward EV-to-EBITDA, suggesting optimism is already priced in.
HY · Capital · Negative Article highlights weak revenue growth, negative free cash flow, negative EBITDA, and high debt, indicating financial underperformance and solvency risks.
StockStory Highlights IonQ as a Stock to Watch, Questions Hyster-Yale and HA Sustainable Infrastructure
StockStory identifies IonQ as a stock likely to meet or exceed Wall Street's expectations, while questioning the outlook for Hyster-Yale Materials Handling and HA Sustainable Infrastructure Capital. IonQ, a quantum computing company, posted annual revenue growth of 172% over the last two years and is projected to grow revenue by 53.2% in the next 12 months, with an adjusted operating margin improvement of 707.5 percentage points over five years. In contrast, Hyster-Yale faces a 6.5% annual sales decline over two years and a weak free cash flow margin of negative 0.1% over five years, while HA Sustainable Infrastructure Capital's earnings per share growth of 9.7% lagged its revenue growth and its return on equity stands at 5.8%. Wall Street consensus price targets imply returns of 36.3% for IonQ, 43.8% for Hyster-Yale, and 29.1% for HA Sustainable Infrastructure Capital.
Zacks Highlights 3 Construction & Mining Equipment Stocks Braving Industry Headwinds
Zacks Investment Research identifies Caterpillar, Terex, and Hyster-Yale as three construction and mining equipment stocks well-positioned to navigate rising costs and supply-chain disruptions. The industry faces persistent inflation, with the U.S. annual rate hitting 4.25% in May 2026, and logistics bottlenecks, yet benefits from a recovering manufacturing sector, increased U.S. infrastructure spending, and mining demand tied to the energy transition. Caterpillar, carrying a Zacks Rank #1, reported a record $63 billion backlog and raised its 2026 sales growth outlook to low double-digits, while Terex completed its merger with REV Group, adding a Specialty Vehicles segment that generated $436 million in first-quarter 2026 sales. Hyster-Yale expects stronger bookings and pricing actions to drive a recovery in the second half of 2026, leading to a modest full-year operating profit. Over the past year, the Zacks Manufacturing - Construction and Mining industry has surged 135.5%, outperforming the broader market.
Energy Transition & Power Demand › Grid, Transmission & Power Equipment ▲Demand
Energy Transition & Power Demand › Natural Gas Value Chain ▲Demand
CAT · Demand · Positive Record $63 billion backlog and raised 2026 sales growth outlook to low double-digits, driven by infrastructure spending and mining demand.
TEX · Capital · Positive Completed merger with REV Group, adding a Specialty Vehicles segment with $436 million in first-quarter 2026 sales.
HY · Pricing · Positive Expects stronger bookings and pricing actions to drive recovery in second half of 2026.
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