Hyster-Yale Materials Handling ( (HY) ) has released its Q2 earnings. Here is a breakdown of the information Hyster-Yale Materials Handling presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hyster-Yale Materials Handling, Inc., headquartered in Cleveland, Ohio, is a global company specializing in the design, manufacture, and sale of lift trucks and related solutions, operating under brand names such as Hyster, Yale, and Bolzoni.
In its second quarter of 2025, Hyster-Yale reported a 5% increase in consolidated revenues from the previous quarter, reaching $957 million. However, the company faced an operating loss of $8.5 million, attributed to higher product costs and lower shipments, alongside a significant decline in bookings due to tariff uncertainties.
Key financial metrics highlighted a year-over-year revenue decline of 18%, with the Lift Truck business experiencing a 19% drop in revenues. The company’s gross profit decreased by 38% compared to the previous year, primarily due to increased material costs and an unfavorable product mix. Despite these challenges, the company renewed a $300 million revolving credit facility, enhancing its financial flexibility.
Looking ahead, Hyster-Yale remains focused on mitigating tariff impacts through strategic initiatives, including price adjustments and cost optimization programs. The company anticipates modest revenue and operating profit growth in the third quarter of 2025, although full-year results are expected to be below those of 2024 due to ongoing economic uncertainties and tariff pressures.