Hyster-Yale Q1 Non-GAAP EPS Beats Expectations Despite Revenue Decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy HY?
Source: seekingalpha
- Earnings Highlights: Hyster-Yale reported a Q1 Non-GAAP EPS of -$1.64, beating expectations by $0.16, indicating resilience in profitability; however, revenue of $795.2 million fell 12.7% year-over-year, missing estimates, reflecting weak market demand.
- 2026 Outlook Adjustment: The company anticipates sequential improvement in 2026, although the first half will be pressured by lower shipment volumes, additional Section 232 tariffs, and broader macroeconomic challenges, with expectations for a stronger second half driven by robust bookings and adequate backlogs.
- Cost and Supply Chain Challenges: The introduction of additional Section 232 tariffs and the ongoing Iran conflict have led to increased material prices, supply chain disruptions, and heightened uncertainty affecting margins and product availability, necessitating a downward revision of the 2026 outlook.
- Savings Plan: Hyster-Yale aims to achieve annual savings of $85 million to $100 million by 2028, focusing on market recovery and cost control measures to improve financial health, demonstrating the company's commitment to transformation amid adversity.
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Analyst Views on HY
Wall Street analysts forecast HY stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 36.860
Low
33.00
Averages
36.50
High
40.00
Current: 36.860
Low
33.00
Averages
36.50
High
40.00
About HY
Hyster-Yale, Inc. is engaged in providing lift trucks and solutions. The Company provides attachments, parts, fleet management services, technology and energy solutions. It designs, engineers, manufactures, sells and services a line of lift trucks, attachments, parts, fleet management services, technology and energy solutions. Its segments include Americas, EMEA, JAPIC, and Bolzoni. The Americas segment includes lift truck operations in the United States, Canada, Mexico, Brazil, and Latin America. The EMEA segment includes operations in Europe, the Middle East and Africa. The JAPIC segment includes operations in the Asia and Pacific regions, including China. The Bolzoni segment manufactures precision-engineered lift truck attachments, forks, masts and lift tables designed for handling delicate and specialized loads. Its solutions are marketed under the Bolzoni, Auramo and Meyer brand names. It also produces components for lift truck manufacturers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Hyster-Yale Q1 2026 Earnings Call Insights
- Order Growth Trend: Hyster-Yale reported a 7% sequential increase in bookings for Q1 2026, indicating a gradual recovery from the cyclical low reached in Q3 2025, although shipments have yet to reflect this improvement, suggesting a slowly warming market demand.
- Revenue Decline Impact: The company reported revenue of $795 million in Q1, primarily driven by the normalization of excess backlog and a shift towards lighter-duty, lower-priced trucks, reflecting a persistent change in customer purchasing behavior that may affect future market share.
- Tariff Cost Pressure: The adjusted operating loss for Q1 was $26 million, including approximately $30 million in tariff costs, with direct tariff-related costs since Liberation Day in 2025 totaling around $130 million, highlighting the significant impact of tariffs on profitability.
- Optimistic Future Outlook: Management anticipates profitability in the second half of 2026, despite the second quarter likely being the low point for operating profit and net income, as order recovery and cost control measures are expected to significantly improve financial performance.
See More
Hyster-Yale Q1 Non-GAAP EPS Beats Expectations Despite Revenue Decline
- Earnings Highlights: Hyster-Yale reported a Q1 Non-GAAP EPS of -$1.64, beating expectations by $0.16, indicating resilience in profitability; however, revenue of $795.2 million fell 12.7% year-over-year, missing estimates, reflecting weak market demand.
- 2026 Outlook Adjustment: The company anticipates sequential improvement in 2026, although the first half will be pressured by lower shipment volumes, additional Section 232 tariffs, and broader macroeconomic challenges, with expectations for a stronger second half driven by robust bookings and adequate backlogs.
- Cost and Supply Chain Challenges: The introduction of additional Section 232 tariffs and the ongoing Iran conflict have led to increased material prices, supply chain disruptions, and heightened uncertainty affecting margins and product availability, necessitating a downward revision of the 2026 outlook.
- Savings Plan: Hyster-Yale aims to achieve annual savings of $85 million to $100 million by 2028, focusing on market recovery and cost control measures to improve financial health, demonstrating the company's commitment to transformation amid adversity.
See More
Hyster-Yale Reports Significant Losses in Q1 2026 Financial Results
- Significant Revenue Decline: Hyster-Yale reported revenues of $795.2 million in Q1 2026, a 13% year-over-year decrease primarily due to a shift in sales towards lower-priced, lighter-duty models, which adversely affected overall revenue performance.
- Increased Operating Loss: The company experienced an operating loss of $28 million in the first quarter, a stark contrast to the $21.3 million profit in the same period last year, reflecting a significant decline in profitability amid market pressures and high-cost environments.
- Widening Net Loss: Hyster-Yale's net loss expanded to $30.5 million in Q1 2026, compared to a net income of $8.6 million in the prior year, indicating ongoing financial challenges and adverse market conditions.
- Cautious Future Outlook: While the company anticipates improvements in the second half of 2026, it remains cautious due to additional tariffs and macroeconomic pressures, expecting to continue facing rising costs and demand uncertainties.
See More
Hyster-Yale to Release Q1 2026 Financial Results on May 5
- Earnings Release Schedule: Hyster-Yale will announce its Q1 2026 financial results after market close on May 5, providing investors with insights into its latest financial performance and market trends.
- Webcast Meeting: The company will host a webcast on May 6, 2026, at 11:00 a.m. ET to discuss the financial results, enhancing interaction with the financial community and improving transparency.
- Access Details: Investors can access the live webcast on the company's website approximately 15 minutes prior to the event, ensuring timely information dissemination and strengthening investor relations.
- Company Overview: Headquartered in Cleveland, Ohio, Hyster-Yale focuses on providing a full line of lift trucks and solutions aimed at improving customer productivity and lowering ownership costs, showcasing its leadership in the global materials handling industry.
See More
Hyster-Yale to Release Q1 2026 Financial Results and Host Webcast
- Earnings Release Schedule: Hyster-Yale will announce its Q1 2026 financial results after market close on May 5, 2026, providing investors with the latest financial data and operational insights.
- Webcast Timing: The company will host a webcast on May 6, 2026, at 11:00 a.m. ET to discuss the financial results, aiming to enhance interaction and transparency with the financial community.
- Webcast Access: Investors can access the live audio webcast through the company's website, with a recommendation to log in 15 minutes prior to the event to ensure smooth participation.
- Company Background: Hyster-Yale, Inc., headquartered in Cleveland, Ohio, focuses on providing a full line of lift trucks and solutions, committed to improving customer productivity and reducing ownership costs, showcasing its leadership in the global materials handling industry.
See More
Hyster-Yale Q4 2025 Earnings Call Insights
- Significant Order Growth: Hyster-Yale reported a 42% sequential and 35% year-over-year increase in bookings for Q4 2025, indicating early signs of demand recovery after a period of customer caution, particularly strong in the North American market.
- Cost Savings Initiatives: The strategic restructuring implemented in 2025 is expected to yield annual savings of $40 million to $45 million, alongside $15 million in savings already realized from Nuvera's strategic realignment, with total recurring savings projected to reach $85 million to $100 million by 2028.
- Financial Performance Review: Q4 revenues declined to $923 million due to delayed customer purchases, although operating cash flow improved to $57 million, reflecting significant inventory efficiency gains.
- Optimistic Future Outlook: Management anticipates Q1 2026 will mark the trough of the current cycle, followed by improvements in bookings and shipment volumes, with capital expenditures expected between $55 million and $75 million, indicating reliance on production enhancements.
See More
Hyster-Yale Q1 2026 Earnings Call Insights
- Order Growth Trend: Hyster-Yale reported a 7% sequential increase in bookings for Q1 2026, indicating a gradual recovery from the cyclical low reached in Q3 2025, although shipments have yet to reflect this improvement, suggesting a slowly warming market demand.
- Revenue Decline Impact: The company reported revenue of $795 million in Q1, primarily driven by the normalization of excess backlog and a shift towards lighter-duty, lower-priced trucks, reflecting a persistent change in customer purchasing behavior that may affect future market share.
- Tariff Cost Pressure: The adjusted operating loss for Q1 was $26 million, including approximately $30 million in tariff costs, with direct tariff-related costs since Liberation Day in 2025 totaling around $130 million, highlighting the significant impact of tariffs on profitability.
- Optimistic Future Outlook: Management anticipates profitability in the second half of 2026, despite the second quarter likely being the low point for operating profit and net income, as order recovery and cost control measures are expected to significantly improve financial performance.
See More
Hyster-Yale Q1 Non-GAAP EPS Beats Expectations Despite Revenue Decline
- Earnings Highlights: Hyster-Yale reported a Q1 Non-GAAP EPS of -$1.64, beating expectations by $0.16, indicating resilience in profitability; however, revenue of $795.2 million fell 12.7% year-over-year, missing estimates, reflecting weak market demand.
- 2026 Outlook Adjustment: The company anticipates sequential improvement in 2026, although the first half will be pressured by lower shipment volumes, additional Section 232 tariffs, and broader macroeconomic challenges, with expectations for a stronger second half driven by robust bookings and adequate backlogs.
- Cost and Supply Chain Challenges: The introduction of additional Section 232 tariffs and the ongoing Iran conflict have led to increased material prices, supply chain disruptions, and heightened uncertainty affecting margins and product availability, necessitating a downward revision of the 2026 outlook.
- Savings Plan: Hyster-Yale aims to achieve annual savings of $85 million to $100 million by 2028, focusing on market recovery and cost control measures to improve financial health, demonstrating the company's commitment to transformation amid adversity.
See More
Hyster-Yale Reports Significant Losses in Q1 2026 Financial Results
- Significant Revenue Decline: Hyster-Yale reported revenues of $795.2 million in Q1 2026, a 13% year-over-year decrease primarily due to a shift in sales towards lower-priced, lighter-duty models, which adversely affected overall revenue performance.
- Increased Operating Loss: The company experienced an operating loss of $28 million in the first quarter, a stark contrast to the $21.3 million profit in the same period last year, reflecting a significant decline in profitability amid market pressures and high-cost environments.
- Widening Net Loss: Hyster-Yale's net loss expanded to $30.5 million in Q1 2026, compared to a net income of $8.6 million in the prior year, indicating ongoing financial challenges and adverse market conditions.
- Cautious Future Outlook: While the company anticipates improvements in the second half of 2026, it remains cautious due to additional tariffs and macroeconomic pressures, expecting to continue facing rising costs and demand uncertainties.
See More
Hyster-Yale to Release Q1 2026 Financial Results on May 5
- Earnings Release Schedule: Hyster-Yale will announce its Q1 2026 financial results after market close on May 5, providing investors with insights into its latest financial performance and market trends.
- Webcast Meeting: The company will host a webcast on May 6, 2026, at 11:00 a.m. ET to discuss the financial results, enhancing interaction with the financial community and improving transparency.
- Access Details: Investors can access the live webcast on the company's website approximately 15 minutes prior to the event, ensuring timely information dissemination and strengthening investor relations.
- Company Overview: Headquartered in Cleveland, Ohio, Hyster-Yale focuses on providing a full line of lift trucks and solutions aimed at improving customer productivity and lowering ownership costs, showcasing its leadership in the global materials handling industry.
See More
Hyster-Yale to Release Q1 2026 Financial Results and Host Webcast
- Earnings Release Schedule: Hyster-Yale will announce its Q1 2026 financial results after market close on May 5, 2026, providing investors with the latest financial data and operational insights.
- Webcast Timing: The company will host a webcast on May 6, 2026, at 11:00 a.m. ET to discuss the financial results, aiming to enhance interaction and transparency with the financial community.
- Webcast Access: Investors can access the live audio webcast through the company's website, with a recommendation to log in 15 minutes prior to the event to ensure smooth participation.
- Company Background: Hyster-Yale, Inc., headquartered in Cleveland, Ohio, focuses on providing a full line of lift trucks and solutions, committed to improving customer productivity and reducing ownership costs, showcasing its leadership in the global materials handling industry.
See More
Hyster-Yale Q4 2025 Earnings Call Insights
- Significant Order Growth: Hyster-Yale reported a 42% sequential and 35% year-over-year increase in bookings for Q4 2025, indicating early signs of demand recovery after a period of customer caution, particularly strong in the North American market.
- Cost Savings Initiatives: The strategic restructuring implemented in 2025 is expected to yield annual savings of $40 million to $45 million, alongside $15 million in savings already realized from Nuvera's strategic realignment, with total recurring savings projected to reach $85 million to $100 million by 2028.
- Financial Performance Review: Q4 revenues declined to $923 million due to delayed customer purchases, although operating cash flow improved to $57 million, reflecting significant inventory efficiency gains.
- Optimistic Future Outlook: Management anticipates Q1 2026 will mark the trough of the current cycle, followed by improvements in bookings and shipment volumes, with capital expenditures expected between $55 million and $75 million, indicating reliance on production enhancements.
See More
