Hyster-Yale Materials Handling, Inc.·Industrials

Hyster-Yale, Inc. (HY) reported a challenging Q1'26, with revenue down 13%, negative EBITDA, and a $26 million operating loss driven by tariffs and an unfavorable product mix. I rate Hyster shares a Hold due to looming Q2 trough, significant tariff uncertainty, and high leverage requiring a timely recovery for normalization. Bookings and backlog show early signs of stabilization, but translating this into higher shipments and profitability in H2 remains uncertain.

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HYSTER-YALE DECLARES QUARTERLY DIVIDEND PR Newswire CLEVELAND, May 12, 2026 CLEVELA

CLEVELAND, May 12, 2026 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today that the Board of Directors increased its regular cash dividend from 36 cents to 36.5 cents per share. The dividend is payable on both Class A and Class B Common Stock and will be paid June 16, 2026, to stockholders of record at the close of business on June 1, 2026.

Hyster-Yale NYSE: HY said first-quarter results reflected a still-challenging lift truck market, tariff pressure and a customer shift toward lighter-duty, lower-priced equipment, but management pointed to improving bookings and expected second-half profitability as demand begins to recover.

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Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. It also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, the company produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names; and designs and produces products in the port equipment and rough terrain forklift markets. Further, it designs, manufactures, and sells hydrogen fuel-cell stacks and engines. The company serves light and heavy manufacturers, trucking and automotive companies, rental companies, building materials and paper suppliers, lumber, metal products, warehouses, retailers, food distributors, container handling companies, and U.S. and non-U.S. governmental agencies. Hyster-Yale Materials Handling, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.
Industrials
Agricultural - Machinery
8,500
2012-10-01
1.66