Hyster-Yale Q2 revenue falls 15% on lower shipments
HY•Outlook
- Company expects bookings in 2026 to exceed 2025, driven by healthier industry conditions
- Company expects a moderate operating loss for full-year 2026
- Capital expenditures for 2026 expected to range from $50 mln to $60 mln
Overview
- U.S. lift truck maker's Q2 revenue fell 15% yr/yr, rose 2% sequentially as bookings improved
- Adjusted EPS loss widened yr/yr, driven by lower shipment volumes and higher tariff costs
- Operating cash flow improved in Q2, supported by favorable working capital actions
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $812.90 mln | $804.62 mln (2 Analysts) |
| Q2 Net Loss | $31.60 mln | ||
| Q2 Operating Income | -$18.40 mln |
Analyst coverage: The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell". The average consensus recommendation for the heavy machinery & vehicles peer group is "buy". Wall Street's median 12-month price target for Hyster-Yale Inc is $46.00, about 31.2% above its August 3 closing price of $35.06.
