Want to see HY full AI Analyst Report?
Top Page
Hyster-Yale Materials Handling
(NYSE:HY)
Select Model
Select Model
Rating:54Neutral
Price Target:
$34.00
â–²(2.72% Upside)
Action:Reiterated
Date:08/07/26
HY’s score is held back primarily by weakened financial performance—TTM revenue decline and a return to negative profitability—partly cushioned by positive and improving cash generation. Technicals are supportive with price above key moving averages and a positive MACD, but momentum appears overextended (high RSI/Stochastic). Valuation is mixed: a strong dividend yield helps, but the negative P/E underscores that the investment case relies on executing the H2 recovery and longer-term margin improvement outlined on the latest earnings call.
Positive Factors
Bookings and Demand Momentum
Sustained bookings growth and the highest quarterly level in three years indicate improving customer demand and a stronger order pipeline. Continued conversion into shipments could support revenue recovery and better factory utilization over the next several quarters.
Negative Factors
Revenue and Profitability Deterioration
The reversal from prior profitability shows that current pricing, mix, cost, or volume pressures remain material. Negative earnings reduce internal funding capacity and make the recovery dependent on successful shipment growth and margin restoration.
Read all positive and negative factors
Positive Factors
Negative Factors
Bookings and Demand Momentum
Sustained bookings growth and the highest quarterly level in three years indicate improving customer demand and a stronger order pipeline. Continued conversion into shipments could support revenue recovery and better factory utilization 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
$614.48M
Dividend Yield4.15%
Average Volume (3M)169.98K
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth-11.14%
EPS Growth-614.21%
CountryUS
Employees7,500
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-6.56
Shares Outstanding14,488,232
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
$50.00Price Target Upside51.06% 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:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call conveyed a clear trend of operational improvement: bookings growth (four consecutive quarters), revenue up sequentially, operating loss improvement, return to positive operating cash flow, and Bolzoni's return to profitability. Management emphasized successful strategic moves (modular platforms, aftermarket initiatives, restructuring and footprint optimization) that should support longer-term margin expansion. However, significant near-term headwinds remain: the company reported a GAAP net loss, expects a moderate operating loss for full year 2026, faces tariff-related costs and temporary production/supply disruptions that are delaying shipment realization. On balance, the positives (accelerating bookings, cash flow improvement, strategic progress and identifiable cost savings) materially outweigh the near-term lowlights, while management provided a cautious but constructive outlook for the remainder of 2026 and into 2027.Positive Updates
Strong Bookings Momentum
Bookings reached $680 million in Q2 2026, up 17% sequentially and more than double the level in Q2 2025 (over 100% YoY). This marks the fourth consecutive quarter of bookings growth and the highest quarterly bookings in three years, driven primarily by the Americas.
Negative Updates
Company Still Reporting Net Loss
Net loss for Q2 2026 was $32 million (includes a $3 million noncash valuation allowance related to Brazilian deferred tax assets), indicating profitability has not yet been restored on a GAAP basis.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Bookings Momentum
Bookings reached $680 million in Q2 2026, up 17% sequentially and more than double the level in Q2 2025 (over 100% YoY). This marks the fourth consecutive quarter of bookings growth and the highest quarterly bookings in three years, driven primarily by the Americas.
Read all positive updates
Company Guidance
Management guided to a moderate operating loss for full‑year 2026 with the most significant improvement occurring in H2 2026 as production rates and shipments increase; Q2 metrics underpinning that view included bookings of $680 million (up 17% sequentially and more than double Q2 2025), revenue of $813 million (up 2% vs Q1), a consolidated operating loss of about $18 million (≈$10 million better than Q1), and a Q2 net loss of $32 million (including a $3 million noncash valuation allowance). Q2 operating cash flow was a source of $17 million (improving ≈$50 million vs Q1); the quarter also included $35 million in tariff refunds offset by unfavorable capitalized material costs and roughly $10 million of higher gross tariff expenses. Management said bookings were the highest quarterly in three years (driven by the Americas) but production and shipments will temporarily lag bookings due to customer delivery timing and tariff‑related sourcing shifts, with improvements weighted toward late 2026. They reiterated structural actions and targets: the 2025 restructuring is expected to deliver about $40–45 million of annualized savings, manufacturing footprint optimization should provide ~$15–20 million of annualized benefits beginning in H2 2027, they expect trailing‑12‑month EBITDA to exceed pre‑COVID levels in H2 2027, and the long‑term objective is ~7% operating profit over the cycle.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 | 3.51B | 3.77B | 4.31B | 4.12B | 3.55B | 3.08B |
| Gross Profit | 540.60M | 633.80M | 895.50M | 785.60M | 433.90M | 363.40M |
| EBITDA | -15.20M | 35.10M | 300.40M | 263.40M | 9.40M | -93.20M |
| Net Income | -116.70M | -60.10M | 142.30M | 125.90M | -74.10M | -173.00M |
Balance Sheet | ||||||
| Total Assets | 1.93B | 2.02B | 2.03B | 2.08B | 2.03B | 1.97B |
| Cash, Cash Equivalents and Short-Term Investments | 72.60M | 123.20M | 96.60M | 78.80M | 59.00M | 65.50M |
| Total Debt | 500.00M | 384.70M | 541.80M | 571.90M | 552.90M | 518.50M |
| Total Liabilities | 1.52B | 1.53B | 1.54B | 1.67B | 1.80B | 1.59B |
| Stockholders Equity | 390.00M | 472.00M | 475.10M | 389.90M | 204.40M | 357.10M |
Cash Flow | ||||||
| Free Cash Flow | 14.80M | 23.60M | 122.90M | 115.30M | 11.80M | -297.80M |
| Operating Cash Flow | 77.40M | 86.10M | 170.70M | 150.70M | 40.60M | -253.50M |
| Investing Cash Flow | -60.60M | -62.70M | -47.60M | -34.50M | -35.40M | -24.50M |
| Financing Cash Flow | -10.50M | -800.00K | -100.10M | -100.50M | -10.90M | 193.60M |
Hyster-Yale Materials Handling Technical Analysis
Positive
33.10
Price Trends
34.45
Positive
35.23
Negative
33.80
Positive
Market Momentum
-0.03
Positive
51.92
Neutral
67.90
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 34.72, below the 50-day MA of 34.45, and below the 200-day MA of 33.80, indicating a bullish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 51.92 is Neutral, neither overbought nor oversold. The STOCH value of 67.90 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 | $68.40B | 27.30 | 12.73% | 2.05% | -10.49% | -18.64% | |
72 Outperform | $9.65B | 17.78 | 12.32% | 1.39% | 1.93% | -12.16% | |
71 Outperform | $372.81B | 34.76 | 54.14% | 0.69% | 18.36% | 18.23% | |
71 Outperform | $175.09B | 35.96 | 18.11% | 1.03% | 7.97% | -5.94% | |
64 Neutral | $7.53B | 33.11 | 4.30% | 0.97% | 29.17% | -27.70% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | $614.48M | -5.22 | -25.53% | 4.37% | -11.14% | -614.21% |
* Industrials Sector Average
HY
Hyster-Yale Materials Handling
34.82
-2.88
-7.65%
CAT
Caterpillar
811.29
383.88
89.81%
DE
Deere
630.66
148.93
30.92%
OSK
Oshkosh
155.23
14.99
10.69%
PCAR
Paccar
129.22
31.38
32.08%
TEX
Terex
65.22
14.05
27.46%
Hyster-Yale Materials Handling Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Hyster-Yale Names Anthony Salgado as New COO
Positive
Aug 6, 2026
On August 1, 2026, Hyster-Yale, Inc. appointed Anthony J. Salgado as Chief Operating Officer, effective the same date, underscoring a leadership transition at the top of the company. Salgado, 55, previously served as President and Chief Executive ...
Business Operations and StrategyRegulatory Filings and Compliance
Hyster-Yale Updates Investor Presentation via Regulation FD Filing
Neutral
Aug 5, 2026
On August 5, 2026, Hyster-Yale, Inc. posted an updated investor presentation on its corporate website, providing refreshed information for shareholders and market participants. The materials were furnished via a Form 8-K filing, structured to info...
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...
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.