Quarterly ResultAug 4, 2026, 05:03 PM
Hyster-Yale Q2 Loss $(31.6)M; Revenue $812.9M; Bookings Up 17% Seq
AI Summary
Hyster-Yale reported a Q2 2026 net loss of $(31.6)M on revenues of $812.9M, which decreased 15% year-over-year but increased 2% sequentially. The operating loss improved sequentially to $(18.4)M, a 34% reduction from Q1 2026. Bookings surged to $680M, up 17% sequentially and double the prior year, contributing to a backlog of $1.58B. The company also saw an improvement in operating cash flow, moving to a source of $17M in Q2 2026, and expects performance to improve through the remainder of 2026, despite projecting a moderate operating loss for the full year.
Key Highlights
- Q2 2026 Net Loss Attributable to Stockholders: $(31.6)M.
- Q2 2026 Revenues: $812.9M, down 15% YoY but up 2% sequentially.
- Q2 2026 Operating Loss: $(18.4)M, a 34% sequential improvement.
- Bookings: $680M, up 17% sequentially and double Q2 2025.
- Backlog: $1.58B, approaching five months of production.
- Operating cash flow: $17M source in Q2 2026, a $50M sequential improvement.
- Restructuring programs generated half of the expected $40M-$45M annualized cost reductions in H1 2026.
- Company expects a moderate operating loss for full-year 2026.
Price Impact
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