HYSTER-YALE, INC. reported three months ended March 31, 2026 results: revenue $795.2 million, net income $(30.5) million, EPS $(1.71) per diluted share.
“Consolidated Highlights: • Q1 bookings continued to strengthen, up 7% sequentially, signaling early stabilization following the Q3 2025 cyclical low • Consolidated revenues of $795 million declined 13% year-over-year and 14% sequentially, primarily driven by a shift toward lighter‐duty, lower‐priced trucks and depletion of excess backlog • Operating loss of $28”
Earnings Releases
HYSTER-YALE, INC. reported first quarter 2026 results: revenue $795.2 million, net income ($30.5 million).
HYSTER-YALE, INC. announced a restructuring with charges of approximately $21 million affecting global manufacturing and staff functions (approximately 575 employees).
“On November 13, 2025, the Board of Directors of Hyster-Yale, Inc. (the "Company") approved a restructuring plan that furthers progress toward the Company's cost reduction initiatives in response to current economic and industry dynamics. This action will reduce the Company's global workforce by approximately 575 employees. The Company expects to record pre-tax charges in the fourth quarter of 2025 of approximately $21 million consisting of severance and related benefit costs, all of which are expected to be paid in cash.”
Debt Financings
HYSTER-YALE, INC. incurred revolving credit of $300.0 million revolving credit facility with Bank of America, N.A., as administrative agent and security trustee, BOFA Securities, Inc. and Citibank, N.A. as joint lead arrangers and joint book managers and Citibank, N.A. as syndication agent at Term SOFR or EURIBOR, each as defined in the Credit Agreement, plus an applicabl maturing June 24, 2030.
“with certain financial institutions as lenders, Bank of America, N.A., as administrative agent and security trustee, BOFA Securities, Inc. and Citibank, N.A. as joint lead arrangers and joint book managers and Citibank, N.A. as syndication agent for a $300.0 million revolving credit facility”
Ann O'Hara was elected as Director at HYSTER-YALE, INC..
“On November 13, 2024, the Board of Directors (the “Board”) of Hyster-Yale, Inc. (the “Company”) increased the size of the Board from fourteen to fifteen members and elected Ann O’Hara as Director of the Company, effective immediately (the “Effective Date”).”
Governance Changes
HYSTER-YALE, INC.: Amendment to Second Amended and Restated Certificate of Incorporation to provide for exculpation of certain officers from liability as permitted by Delaware law (effective 2024-05-08).
“On May 8, 2024, at the Company’s Annual Meeting of Stockholders, the stockholders of the Company approved an amendment to the Company's Second Amended and Restated Certificate of Incorporation (the “Certificate of Incorporation”) to provide for the exculpation of certain of the Company’s officers from liability in specific circumstances, as permitted by Delaware law.”
Shareholder Votes
HYSTER-YALE, INC. shareholders approved Ratification of the appointment of Ernst & Young LLP as the independent registered public accounting firm at the 2024-05-08 meeting.
“The stockholders confirmed the appointment of Ernst & Young LLP as the independent registered public accounting firm of the Company for the current fiscal year: For 45,877,873 Against 174,894 Abstain 16,316”
Shareholder Votes
HYSTER-YALE, INC. shareholders approved Amendment to the Company's Second Amended and Restated Certificate of Incorporation at the 2024-05-08 meeting.
“The stockholders approved an Amendment to the Company's Second Amended and Restated Certificate of Incorporation: For 41,082,319 Against 3,573,892 Abstain 12,179 Broker non-votes 1,400,693”
Shareholder Votes
HYSTER-YALE, INC. shareholders approved Amendment and restatement of the Hyster-Yale Materials Handling, Inc. 2020 Long-Term Equity Incentive Plan (Amended and Restated Effective May 8, 2024) at the 2024-05-08 meeting.
“The stockholders approved the amendment and restatement of the Hyster-Yale Materials Handling, Inc. 2020 Long-Term Equity Incentive Plan (Amended and Restated Effective May 8, 2024): For 44,495,970 Against 107,463 Abstain 64,957 Broker non-votes 1,400,693”
Shareholder Votes
HYSTER-YALE, INC. shareholders approved Advisory approval of the Company's named executive officer compensation at the 2024-05-08 meeting.
“The stockholders approved, on an advisory basis, the Company's named executive officer compensation: For 44,260,149 Against 323,189 Abstain 85,052 Broker non-votes 1,400,693”
Shareholder Votes
HYSTER-YALE, INC. shareholders approved Election of fourteen nominees to the Board of Directors at the 2024-05-08 meeting.
“The stockholders elected the following fourteen nominees to the Board of Directors until the next annual meeting and until their successors are elected: DIRECTOR VOTES FOR VOTES WITHHELD BROKER NON-VOTES Colleen R. Batcheler 42,552,236 2,116,154 1,400,693 James B. Bemowski 44,573,632 94,758 1,400,693 J.C. Butler, Jr. 41,937,842 2,730,548 1,400,693 Gary L. Collar 44,601,362 67,028 1,400,693 Carolyn Corvi 42,552,454 2,115,936 1,400,693 Edward T. Eliopoulos 44,420,637 247,753 1,400,693 John P. Jumper 42,526,321 2,142,069 1,400,693 Dennis W. LaBarre 40,392,116 4,276,274 1,400,693 Rajiv K. Prasad 44,520,005 148,385 1,400,693 H. Vincent Poor 42,558,218 2,110,172 1,400,693 Alfred M. Rankin, Jr. 42,285,983 2,382,407 1,400,693 Claiborne R. Rankin 42,214,856 2,453,534 1,400,693 Britton T. Taplin 42,228,723 2,439,667 1,400,693 David B.H. Williams 42,223,500 2,444,890 1,400,693”
Earnings Releases
HYSTER-YALE, INC. reported the three month period ended March 31, 2024 results: revenue $1,056.5, net income $51.5, EPS $2.93.
“are to the three months ended March 31, 2023, unless otherwise noted. Three Months Ended ($ in millions except per share amounts) 3/31/24 3/31/23 Change Fav (Unfav) Revenues $1,056.5 $999.3 $57.2 Operating Profit $83.8 $42.6 $41.2 Net Income $51.5 $26.6 $24.9 Diluted Earnings per Share $2.93 $1.55 $1.38 Lift Truck Business Results Revenues and shipments by”
Jennifer Langer departed as Principal Accounting Officer at HYSTER-YALE, INC..
“Ms. McKee will succeed Jennifer Langer as the Company's principal accounting officer ('PAO').”
Dena R. McKee was appointed as Vice President, Controller and Chief Accounting Officer at HYSTER-YALE, INC..
“On March 1, 2024, the Board of Directors of Hyster-Yale Materials Handling, Inc. (the 'Company') appointed Dena R. McKee, age 51, as Vice President, Controller and Chief Accounting Officer of the Company, effective immediately (the 'Effective Date').”
Earnings Releases
HYSTER-YALE, INC. reported financial results for FY 2023.
“Hyster-Yale Materials Handling, Inc. (in millions of $, except percentage data) Revenues - Consolidated Revenues - Consolidated - % change yr. over yr. Q1 Q2 Q3 Q4 FY”
Earnings Releases
HYSTER-YALE, INC. reported financial results for the three months and year ended December 31, 2023.
“On February 27, 2024, Hyster-Yale Materials Handling, Inc. (the “Company”) issued a press release announcing the unaudited quarter ended and audited year ended financial results for the periods ended December 31, 2023, a copy of which is attached as Exhibit 99 to this Current Report on Form 8-K.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.