Quarterly ResultMay 6, 2026, 04:39 PM
Hyster-Yale Q1 Revenue Down 13% to $795M; Reports $31M Net Loss
AI Summary
Hyster-Yale reported a challenging Q1 2026 with revenue declining 13% to $795 million and a net loss of $31 million, compared to a $9 million net income in Q1 2025. The company attributed the decline to a shift towards lighter-duty, lower-priced trucks and approximately $30 million in gross tariff costs. Despite the first-half losses, Hyster-Yale anticipates sequential improvement throughout 2026, expecting profitability in the second half and a modest full-year operating profit, driven by improved bookings and cost actions.
Key Highlights
- Hyster-Yale's Q1 2026 revenue decreased 13% year-over-year to $795 million.
- The company reported a Q1 2026 net loss of $31 million, down from $9 million net income in Q1 2025.
- Adjusted operating loss for Q1 2026 was $26 million, compared to a $22 million profit in Q1 2025.
- Approximately $30 million in gross tariff costs impacted Q1 2026 margins.
- Cash used for operations in Q1 2026 was $33 million, consistent with seasonal patterns.
- Unit bookings volume for Q1 2026 increased 7% sequentially to $580 million.
- The company expects a modest full-year operating profit, with second-half profitability.
- Working capital improved to $706 million, with inventory down $126 million year-over-year.
Price Impact
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