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Hyster-Yale Materials Handling
(NYSE:HY)
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Rating:52Neutral
Price Target:
$35.00
â–²(5.74% Upside)
Action:Reiterated
Date:08/05/26
HY scores in the low-to-mid range primarily due to weak current profitability and margin compression (income statement deterioration), partially offset by positive operating/free cash flow and a manageable—though not highly resilient—balance sheet. Technicals are moderately supportive with the stock trading above key moving averages, while valuation is mixed (high dividend yield but negative P/E due to losses). Earnings call guidance points to a second-half profitability inflection, but substantial tariff headwinds and shipment/mix risks keep the turnaround uncertain.
Positive Factors
Free cash flow generation
Consistent positive operating and free cash flow provides durable internal funding to support operations, working capital and targeted investments. This cash cushion reduces reliance on external financing, helps absorb tariff or timing shocks, and underpins the firm's ability to execute restructuring and product rollouts over the next several quarters.
Negative Factors
Tariff cost burden
Material, persistent tariff costs are compressing margins and cash flow and create policy-driven cost volatility. With ~$130M already recorded and a higher effective rate expected, tariff exposure is a structural headwind until refunds, supplier reimbursements or pricing fully offset the added expense, prolonging margin recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Consistent positive operating and free cash flow provides durable internal funding to support operations, working capital and targeted investments. This cash cushion reduces reliance on external financing, helps absorb tariff or timing shocks, and underpins the firm's ability to execute restructuring and product rollouts over the next several quarters.
Read all positive factors
Hyster-Yale Materials Handling Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Shows each segment’s profit after operating expenses, revealing which parts of the company actually generate operating earnings and which require subsidies or restructuring. Helps assess operational efficiency, the payoff from investments, and which segments are likely to drive overall profitability or need management attention.
Shows each segment’s profit after operating expenses, revealing which parts of the company actually generate operating earnings and which require subsidies or restructuring. Helps assess operational efficiency, the payoff from investments, and which segments are likely to drive overall profitability or need management attention.
Data provided by:
The Fly
The FlyHyster-Yale Materials Handling (HY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$598.93M
Dividend Yield4.32%
Average Volume (3M)169.98K
Price to Earnings (P/E)―
Beta (1Y)1.14
Revenue Growth-12.21%
EPS Growth-198.36%
CountryUS
Employees7,500
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-5.59
Shares Outstanding14,471,276
10 Day Avg. Volume168,561
30 Day Avg. Volume169,977
Financial Highlights & Ratios
PEG Ratio0.06
Price to Book (P/B)1.12
Price to Sales (P/S)0.14
P/FCF Ratio22.30
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$46.00Price Target Upside38.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-3.42
Revenue Forecast (FY)$3.53B
Hyster-Yale Materials Handling Business Overview & Revenue Model
Company Description
Hyster-Yale Materials Handling, Inc., established in 1991 and headquartered in Cleveland, Ohio, operates as a global entity specializing in comprehensive material handling solutions. The company is responsible for engineering, manufacturing, distr...
How the Company Makes Money
HY primarily makes money by selling materials handling equipment and by generating recurring aftermarket revenue tied to its installed base. The largest revenue stream is the sale of new lift trucks and related equipment under the Hyster and Yale ...
Hyster-Yale Materials Handling Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Neutral
The call presented a balanced view: clear near-term challenges driven by tariffs, mix shift toward lower-priced trucks, and an adjusted operating loss in Q1, contrasted with encouraging operational actions — modular product launches, early commercial wins (Route Runner, new warehouse products), inventory improvements, cost reductions, normalized dealer inventories, and a stated path to second-half profitability. Tariff uncertainty and near-term margin pressure are significant headwinds, but management outlined concrete mitigation steps and strategic initiatives expected to improve results as volumes recover.Positive Updates
Sequential Bookings Improvement
Bookings improved sequentially, increasing 7% from Q4 2025, with first-quarter unit revenue bookings around $585 million and a modest increase in backlog, signaling early demand recovery.
Negative Updates
Adjusted Operating Loss and Tariff Impact
Reported an adjusted operating loss of $26 million in Q1, which included approximately $30 million of gross tariff costs; tariffs and a shift to lighter-duty, lower-priced trucks materially pressured results.
Read all updates
Q1-2026 Updates
Positive
Negative
Sequential Bookings Improvement
Bookings improved sequentially, increasing 7% from Q4 2025, with first-quarter unit revenue bookings around $585 million and a modest increase in backlog, signaling early demand recovery.
Read all positive updates
Company Guidance
The company guided that 2026 should improve versus 2025, expecting profitability in the second half and a modest consolidated operating profit for the full year despite a loss in the first half, with Q2 expected to be the low point for operating profit and net income; Q1 revenue was $795 million with an adjusted operating loss of $26 million (which included roughly $30 million of gross tariff costs) and $33 million of cash used in operations, bookings improved sequentially by 7% from Q4, backlog increased modestly though shipments have not yet reflected that, and bookings momentum moved from a low of about $380 million (Q3 2025) to roughly $540 million later in 2025 and ~ $585 million in Q1 2026 (units revenue only); tariffs remain a material headwind—management has recorded about $130 million of direct tariff costs since Liberation Day 2025, expects an effective tariff rate roughly 6% higher in 2026 versus 2025, sees tariff costs rising in Q2 before mitigation, has applied for ~ $40 million of IEPA refunds via CBP/CAPE and plans to seek an additional $15–20 million in supplier reimbursements (not included in Q1 results or outlook), and anticipates pricing, cost actions and ongoing cost reductions to drive meaningful improvement in the back half.Hyster-Yale Materials Handling Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
52
Neutral
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.65B | 3.77B | 4.31B | 4.12B | 3.55B | 3.08B |
| Gross Profit | 576.50M | 633.80M | 895.50M | 785.60M | 433.90M | 363.40M |
| EBITDA | -9.80M | 35.10M | 300.40M | 263.40M | 9.40M | -93.20M |
| Net Income | -99.00M | -60.10M | 142.30M | 125.90M | -74.10M | -173.00M |
Balance Sheet | ||||||
| Total Assets | 1.96B | 2.02B | 2.03B | 2.08B | 2.03B | 1.97B |
| Cash, Cash Equivalents and Short-Term Investments | 81.80M | 123.20M | 96.60M | 78.80M | 59.00M | 65.50M |
| Total Debt | 505.30M | 384.70M | 541.80M | 571.90M | 552.90M | 518.50M |
| Total Liabilities | 1.51B | 1.53B | 1.54B | 1.67B | 1.80B | 1.59B |
| Stockholders Equity | 430.10M | 472.00M | 475.10M | 389.90M | 204.40M | 357.10M |
Cash Flow | ||||||
| Free Cash Flow | 27.90M | 23.60M | 122.90M | 115.30M | 11.80M | -297.80M |
| Operating Cash Flow | 89.60M | 86.10M | 170.70M | 150.70M | 40.60M | -253.50M |
| Investing Cash Flow | -61.70M | -62.70M | -47.60M | -34.50M | -35.40M | -24.50M |
| Financing Cash Flow | -25.40M | -800.00K | -100.10M | -100.50M | -10.90M | 193.60M |
Hyster-Yale Materials Handling Technical Analysis
Positive
33.10
Price Trends
34.54
Positive
34.65
Positive
33.80
Positive
Market Momentum
-0.03
Negative
56.25
Neutral
74.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HY, the sentiment is Positive. The current price of 33.1 is below the 20-day moving average (MA) of 33.11, below the 50-day MA of 34.54, and below the 200-day MA of 33.80, indicating a bullish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 56.25 is Neutral, neither overbought nor oversold. The STOCH value of 74.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HY.
Hyster-Yale Materials Handling Risk Analysis
Hyster-Yale Materials Handling disclosed 23 risk factors in its most recent earnings report. Hyster-Yale Materials Handling reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Hyster-Yale Materials Handling Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $69.84B | 27.87 | 12.73% | 2.05% | -10.49% | -18.64% | |
72 Outperform | $8.79B | 16.22 | 12.32% | 1.39% | 1.93% | -12.16% | |
67 Neutral | $375.33B | 40.38 | 47.51% | 0.69% | 11.85% | -2.07% | |
66 Neutral | $7.18B | 0.55 | 4.30% | 0.97% | 29.17% | -27.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $159.98B | 33.50 | 18.25% | 1.03% | 3.98% | -14.68% | |
52 Neutral | $598.93M | -5.98 | -19.97% | 4.37% | -12.21% | -198.36% |
* Industrials Sector Average
HY
Hyster-Yale Materials Handling
35.13
-5.36
-13.23%
CAT
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876.54
446.18
103.68%
DE
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617.37
115.08
22.91%
OSK
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156.72
18.73
13.57%
PCAR
Paccar
135.96
40.18
41.96%
TEX
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66.08
17.18
35.14%
Hyster-Yale Materials Handling Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Hyster-Yale Enhances Transparency with Historical Data Release
Positive
Aug 4, 2026
On August 4, 2026, Hyster-Yale, Inc. announced that it would publish additional historical quarterly financial data on its corporate website, updating schedules previously released with its second-quarter 2026 results. The information, furnished v...
Executive/Board ChangesShareholder Meetings
Hyster-Yale Stockholders Reelect Board, Approve Governance Measures
Positive
May 14, 2026
On May 12, 2026, Hyster-Yale, Inc. stockholders elected fifteen directors to serve on the board until the next annual meeting, with all nominees receiving sufficient support to continue or assume their roles. The vote results indicate broad shareh...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Hyster-Yale Updates Investor Presentation, Enhances Financial Transparency
Positive
May 6, 2026
On May 6, 2026, Hyster-Yale, Inc. announced that it had posted an updated investor presentation on its corporate website, making new financial and strategic information available to shareholders and market participants. The presentation was furnis...
Financial DisclosuresRegulatory Filings and Compliance
Hyster-Yale Posts Additional Historical Quarterly Financial Data
Neutral
May 5, 2026
On May 5, 2026, Hyster-Yale, Inc. announced that it will post additional historical quarterly financial data on its website and update schedules related to its first-quarter 2026 results. The data, provided as part of a Form 8-K furnishing under I...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.