The lowered guidance and worsening profitability due to tariff headwinds and product mix deterioration reinforce a negative outlook. Monitor Q2 2026 results for further margin compression and the extent of tariff mitigation. The stock may face continued pressure until a visible recovery in bookings and margins materializes.
Price Chart
Executive Summary
Hyster-Yale reported Q1 2026 revenue of $795.2M (-13% YoY) and a net loss of $30.5M (-$1.71 EPS), versus a profit of $8.6M a year ago. The company lowered its 2026 outlook citing additional Section 232 tariffs, the Iran conflict, and a shift to lower-priced truck models, which resulted in a $28M operating loss including ~$30M in gross tariff costs.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $795.2M, down 13% YoY from $910.4M
- Operating loss of $28.0M vs operating profit of $21.3M in Q1 2025
- Net loss attributable to stockholders of $30.5M vs net income of $8.6M
- Diluted EPS of -$1.71 vs $0.48 (beat consensus -$1.80 by 5%)
- Lift Truck revenue fell 14% to $739.7M; Bolzoni revenue up 3% to $82.9M
- Adjusted operating loss $26.4M vs adjusted profit $21.5M
- Operating cash flow used $32.9M; net debt rose to $423.5M from $371.1M at year-end
- 2026 outlook reduced due to additional Section 232 tariffs and Iran conflict
Financial Impact
Revenue decline of $115M YoY, operating swing from +$21.3M to -$28.0M, net loss of $30.5M
Risk Factors
- Further tariff escalation or prolonged Iran conflict could deepen losses
- Demand shift to lower-priced models may structurally compress margins
- High leverage with Net Debt/Adjusted EBITDA of 19.1x
- Restructuring and footprint optimization may not deliver expected savings
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001173514-26-000113 |
| Document: hy-20260505.htm | 0001173514-26-000113 |
| Document: 0001173514-26-000113-index-headers.html | 0001173514-26-000113 |
| Document: 0001173514-26-000113-index.html | 0001173514-26-000113 |
| Document: 0001173514-26-000113.txt | 0001173514-26-000113 |
| 8-K Data (Synthetic) | 0001173514-26-000113 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $29.21 | awaiting T+60 | — | $28.83 (−1.30%) |
Oct 1, 2026 25d ago | Press Release | $30.42 | awaiting T+60 | — | $28.83 (−5.23%) |
Sep 17, 2026 5w ago | Press Release | $33.29 | awaiting T+60 | — | $28.83 (−13.40%) |
Aug 12, 2026 10w ago | Press Release | $34.25 | awaiting T+60 | — | $28.83 (−15.82%) |
Aug 12, 2026 10w ago | Press Release | $34.25 | awaiting T+60 | — | $28.83 (−15.82%) |
Aug 4, 2026 11w ago | 8-K | $40.47 | awaiting T+60 | — | $28.83 (−28.76%) |
Aug 4, 2026 11w ago | 8-K | $40.47 | awaiting T+60 | — | $28.83 (−28.76%) |
Jun 17, 2026 18w ago | Insider Cluster | $37.35 $33.61 | ▼ −10.01% | ▼ −13.16% | $28.83 (−22.81%) |
Jun 17, 2026 18w ago | Insider Cluster | $37.35 $33.61 | ▼ −10.01% | ▼ −13.16% | $28.83 (−22.81%) |
May 19, 2026 22w ago | Press Release | $31.00 $34.39 | ▲ +10.94% | ▲ +4.65% | $28.83 (−7.00%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers