NYSE$HY

Hyster-Yale Materials Handling Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Hyster-Yale Materials Handling Inc reported lower revenues and an operating loss for the second quarter of 2025.

Revenues declined 18.1% to $956.6 million due to lower lift truck volumes and a shift to lower-priced products amid economic uncertainty. The company recorded an operating loss of $8.5 million after recognizing $15.7 million in restructuring and impairment charges related to Nuvera realignment and manufacturing optimization. Net loss attributable to stockholders was $13.9 million, or $0.79 per share.

  • Revenues fell to $956.6 million from $1,168.1 million in Q2 2024, driven by reduced unit volumes in Americas and EMEA.
  • Operating loss of $8.5 million included $15.7 million restructuring charges; gross profit dropped to $168.2 million.
  • Backlog stood at approximately $1.65 billion; production expected to rise modestly in H2 2025 but below prior guidance.
  • Tariff impacts and demand weakness led to lowered full-year 2025 outlook despite cost mitigation efforts.

Headline financials

Total Revenue

$957M

Previous: $1.17B-18.1%
EPS (adj)

-$0.79

Previous: $3.58-122.1%
Capital Expenditures

-$24.4M

Previous: -$19.7M-23.9%
Net Income

-$13.9M

Previous: $63.3M-122.0%
Operating Income

-$8.5M

Previous: $95.6M-108.9%
Gross Profit

$168M

Previous: $259M-35.1%
Cash & Equivalents

$66.9M

Previous: $66.5M+0.6%

Revenue & EPS history

Hyster-Yale · Revenue · Quarterly

$957M

Q2 2025-18.1%vs Q2 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Hyster-Yale · $995M total across 2 segments · Q2 2025

  • Lift Truck Business
    $904M
  • Bolzoni
    $90.6M

Forward guidance

Full-year 2025 revenues, production and profits expected below 2024 levels due to tariffs and demand weakness; Q3 2025 revenue and operating profit to grow modestly from Q2.

Tailwinds

  • Monthly price adjustments implemented to address tariffs
  • Nuvera realignment expected to deliver $15-20M annualized savings
  • Strong quoting activity indicates underlying demand

Headwinds

  • Tariff costs to negatively affect H2 2025 results
  • Bookings declined sharply in Q2 due to economic uncertainty
  • Production growth moderated from prior expectations

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-0.1%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-0.2%

Avg return

30 days after

41%

24 / 58 earnings

Positive

+34.7%

Q4 2022

Best reaction

-16.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026+3.7%-3.3%-6.6%
Q4 2025-1.9%-14.3%-15.5%
Q3 2025-2.9%-4.4%-1.7%
Q1 2025-5.6%+4.5%+1.8%
Q4 2024+2.8%-14.2%-19.1%
Q3 2024-10.5%-14.8%-11.0%
Q2 2024-15.6%-13.3%-14.6%
Q1 2024+33.9%+24.9%+26.1%
Q4 2023-16.0%-17.9%-7.9%
Q3 2023+7.3%+9.0%+22.2%
Q2 2023-0.2%+4.1%-3.8%
Q4 2022+34.7%+50.0%+53.2%
Q3 2022+4.0%+2.1%+3.1%
Q2 2022-3.6%-7.6%-20.2%
Q1 2022+8.2%+7.3%+22.9%
Q4 2021-6.1%-2.7%-9.5%
Q3 2021-14.6%-9.3%-25.6%
Q2 2021-11.5%-13.6%-15.0%
Q1 2021-9.8%-6.0%-10.1%
Q4 2020-10.3%+2.0%-6.0%
Q3 2020+15.1%+14.5%+30.4%
Q2 2020+8.7%+8.9%+3.0%
Q4 2019-1.2%-16.6%-8.2%
Q3 2019-1.1%+0.5%+14.7%
Q2 2019+12.8%+1.8%-1.2%
Q1 2019-10.5%-11.4%-32.4%
Q4 2018-3.7%+2.2%+6.6%
Q3 2018-0.0%+6.3%+6.5%
Q2 2018-5.3%-3.2%-4.2%
Q1 2018-3.0%-5.1%-6.3%
Q4 2017-10.4%-2.0%+5.8%
Q3 2017+2.6%-0.1%+4.5%
Q2 2017-9.0%-8.3%+0.5%
Q1 2017+14.5%+18.8%+24.0%
Q4 2016+4.8%-3.9%-5.2%
Q3 2016-9.3%-9.8%+12.1%
Q2 2016-15.5%-18.9%-20.0%
Q1 2016-10.6%
Q4 2015-1.2%
Q3 2015-4.0%
Q2 2015+8.2%
Q1 2015-1.8%
Q4 2014+2.2%
Q3 2014+7.1%
Q2 2014-8.6%
Q1 2014-5.9%
Q4 2013+10.3%
Q3 2013-13.0%
Q2 2012+13.1%
Q2 2013+13.1%
Q1 2012+0.4%
Q1 2013+0.4%
Q1 2011-0.7%
Q4 2010-0.7%
Q2 2011-0.7%
Q3 2011+3.8%
Q3 2012+3.8%
Q4 2011+3.8%
Q4 2012

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