While the near-term results are weak, traders should monitor the company's ability to convert its improving backlog and bookings into revenue growth in 2026. The stock may react positively if the company meets its guidance for a second-half recovery.
Price Chart
Executive Summary
Hyster-Yale reported a significant 14% year-over-year revenue decline in Q4 2025 to $923M, driven by lower truck volumes and reduced demand. Despite the weak results, the company highlighted a 42% sequential increase in bookings and guided for revenue growth and moderate profitability in 2026, supported by improving market conditions and a strong backlog.
Key Financial Metrics
Key Facts
- Q4 2025 revenue was $923M, down 14% YoY from $1.068B in Q4 2024.
- The company reported an adjusted operating loss of $15.7M, a significant decline from a $54M adjusted operating profit in the prior year.
- Lift truck revenue fell 15% to $871M, and Bolzoni revenue fell 9% to $75M.
- Despite the poor results, bookings increased 42% sequentially to $540M, and the backlog grew to $1.3B.
- The company guided for revenue growth and moderate operating profit in 2026, with stronger performance expected in the second half.
Financial Impact
Revenue declined by $145M YoY, and the company swung from an operating profit to an operating loss.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Lift Trucks | $871.0M | -15.0% |
| Bolzoni | $75.0M | -9.0% |
Risk Factors
- The company's recovery is dependent on improving market demand, which remains uncertain.
- The company faces ongoing headwinds from tariffs and competitive dynamics, which could pressure margins.
- The significant decline in revenue and profitability could lead to further negative sentiment if the 2026 guidance is not met.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001173514-26-000067 |
| Document: hy-20260304.htm | 0001173514-26-000067 |
| Document: 0001173514-26-000067-index-headers.html | 0001173514-26-000067 |
| Document: 0001173514-26-000067-index.html | 0001173514-26-000067 |
| Document: 0001173514-26-000067.txt | 0001173514-26-000067 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 10d ago | 8-K | $29.21 | awaiting T+60 | — | $29.03 (−0.62%) |
Oct 1, 2026 25d ago | Press Release | $30.42 | awaiting T+60 | — | $29.03 (−4.57%) |
Sep 17, 2026 5w ago | Press Release | $33.29 | awaiting T+60 | — | $29.03 (−12.80%) |
Aug 12, 2026 10w ago | Press Release | $34.25 | awaiting T+60 | — | $29.03 (−15.24%) |
Aug 12, 2026 10w ago | Press Release | $34.25 | awaiting T+60 | — | $29.03 (−15.24%) |
Aug 4, 2026 11w ago | 8-K | $40.47 | awaiting T+60 | — | $29.03 (−28.27%) |
Aug 4, 2026 11w ago | 8-K | $40.47 | awaiting T+60 | — | $29.03 (−28.27%) |
Jun 17, 2026 18w ago | Insider Cluster | $37.35 $33.61 | ▼ −10.01% | ▼ −13.16% | $29.03 (−22.28%) |
Jun 17, 2026 18w ago | Insider Cluster | $37.35 $33.61 | ▼ −10.01% | ▼ −13.16% | $29.03 (−22.28%) |
May 19, 2026 22w ago | Press Release | $31.00 $34.39 | ▲ +10.94% | ▲ +4.65% | $29.03 (−6.35%) |
US Market Status
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