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Hyster-Yale Materials Handling Inc (HY)
NYSE:HY
Earnings Data
Report Date
May 05, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-2.06Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: clear operational and commercial improvements (strong sequential bookings, improved cash flow, inventory discipline, and multiple cost-savings programs) signal constructive early recovery and positioning for growth. However, sizable near-term headwinds remain—notably significant tariff costs (~$100M for 2025), Q4 adjusted operating loss, revenue declines, shift to lower-margin product mix, and uneven global demand—delaying a full margin recovery. Management guidance expects a trough in Q1 2026 with gradual volume and profit recovery through H2 2026, supported by structural cost actions and product launches.Company Guidance
Sharp Improvement in Bookings
Bookings strengthened in Q4 to $540 million, up 42% sequentially (Q3 $380 million) and 35% year-over-year (prior year Q4 $400 million). Positive booking momentum continued into the first two months of 2026, led by North America and core counterbalance Class 5 trucks.
Improved Operating Cash Flow and Inventory Efficiency
Fourth quarter operating cash flow increased to $57 million, driven by meaningful improvements in inventory efficiency, better finished goods management, and aligning production with demand.
Backlog and Early Signs of Demand Recovery
Backlog totaled $1.28 billion at year-end. Management expects Q1 2026 to be the trough, with bookings outpacing shipments as the year progresses and backlog rebuilding toward a normalized three- to four-month level.
Disciplined Cost Actions and Expected Savings
VE/RA realignment delivered $15 million of savings in 2025. A restructuring program launched in 2025 targets $40–45 million of annualized savings beginning in 2026. Manufacturing footprint optimization is expected to deliver $20–30 million in 2027 and $30–40 million by 2028. Total expected recurring annualized savings are $85–100 million by 2028 versus the start of 2025 (pre-inflation).
Product and Technology Initiatives
Company introduced modular, scalable platforms and announced product launches (electric counterbalance and warehouse products). Automation pilots have progressed to initial orders and an automated IDA truck official launch is planned for April. Management expects automation and lithium-ion solutions to meaningfully increase revenue per unit and improve margins over time.
Capital Allocation and 2026 Guidance
Management expects 2026 capital expenditures of $55–75 million focused on product development, IT upgrades (CRM, PLM, ERP for parts), and manufacturing footprint optimization. Company anticipates moderate full-year operating profit in 2026 with a small loss in H1 and stronger revenue and profit improvement in H2 as volumes rise and cost actions take effect.
Manufacturing Flexibility and Mitigation Efforts on Tariffs
Modular platforms and expanded manufacturing flexibility enable sourcing and assembly adjustments to respond to tariff changes. Pricing, sourcing, and other mitigation initiatives are in place and expected to contribute more meaningfully beginning Q2 2026.
HY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 03, 2026 | $38.40 | $37.72 | -1.77% |
Nov 04, 2025 | $33.81 | $33.34 | -1.39% |
Aug 05, 2025 | $40.90 | $35.84 | -12.37% |
May 06, 2025 | $38.93 | $37.16 | -4.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hyster-Yale Materials Handling Inc (HY) report earnings?
Hyster-Yale Materials Handling Inc (HY) is schdueled to report earning on May 05, 2026, After Close (Confirmed).
What is Hyster-Yale Materials Handling Inc (HY) earnings time?
Hyster-Yale Materials Handling Inc (HY) earnings time is at May 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HY EPS forecast?
HY EPS forecast for the fiscal quarter 2026 (Q1) is -2.06.