Hyster-Yale posts Q4 operating loss $37.2M, full-year net loss $60.1M

HYSTER-YALE, INC.

Q4 revenues $923M (-14% YoY); operating loss $37.2M; net loss $52.5M; diluted EPS -$2.96.
Full-year 2025 revenues $3.77B (-13%); operating loss $22.1M; net loss $60.1M; diluted EPS -$3.40.
Q4 bookings up 42% sequentially and 35% YoY to $540M; backlog $1.28B, down 34% YoY.
Tariff costs impacted Q4 by ~$40M, full-year ~$100M; restructuring targets $40-45M annual savings from 2026.
Expects moderate 2026 operating profit with slight H1 loss, strong H2 growth; Q1 2026 seen as trough.

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