---
schema_version: "secwatch.filing_event.v1"
accession: "0001173514-24-000143"
form_type: "8-K"
ticker: "HY"
cik: "0001173514"
company_name: "HYSTER-YALE, INC."
filed_at: "2024-11-05T23:59:59+00:00"
generated_at: "2026-05-30T05:11:18.067137+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hyster-Yale Q3 net income $17.2M, down 52% YoY; expects 2025 profit to decline significantly

## Summary
- Revenue $1,016.1M up 2% YoY; operating profit $33.1M down 44%; net income $17.2M down 52% from $35.8M; diluted EPS $0.97 vs $2.06.
- Lift Truck op profit $39.0M down 40%; Americas $52.7M down 19%; EMEA loss $9.6M vs profit $2.4M; JAPIC loss $4.1M.
- Bolzoni revenue $97.6M up 5%; op profit $6.2M up 114%; Nuvera revenue $0.3M down 80%; op loss $11.8M vs $9.4M.
- Net debt $392.9M, down 10% from Q2; debt-to-capital 46% improved 500 bps; generated $70M cash from operations.
- Outlook: Q4 revenues and net income roughly comparable YoY; expects 2025 revenue may be lower, op profit and net income to decline significantly vs 2024.

## SEC filing metadata
- accession: 0001173514-24-000143
- form_type: 8-K
- ticker: HY
- cik: 0001173514
- company_name: HYSTER-YALE, INC.
- filed_at: 2024-11-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1173514/000117351424000143/0001173514-24-000143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1173514/000117351424000143/hy-20241105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001173514-24-000143
- JSON: https://secwatch.observer/filing/0001173514-24-000143.json
- Plain text: https://secwatch.observer/filing/0001173514-24-000143.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.