Company Performance - Hyster-Yale's stock closed at $29.90, down 3.45% from the previous trading session, underperforming the S&P 500, which fell by 1.36% [1] - The company has experienced a significant decline of 22.5% prior to the current trading day, compared to the Industrial Products sector's loss of 8.71% and the S&P 500's loss of 1.76% [1] Upcoming Earnings - Hyster-Yale is expected to report an EPS of -$1.9, representing a decline of 487.76% from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $878.12 million, down 3.55% from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of -$1.95 and revenue of $3.71 billion, indicating changes of -8.94% and -1.57% respectively from the prior year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Hyster-Yale should be monitored, as they reflect short-term business trends and can indicate optimism about the business outlook [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Hyster-Yale at 5 (Strong Sell), following a 134.94% fall in the Zacks Consensus EPS estimate over the past month [6] Industry Context - Hyster-Yale operates within the Manufacturing - Construction and Mining industry, which is part of the Industrial Products sector, currently holding a Zacks Industry Rank of 179, placing it in the bottom 27% of over 250 industries [7]

Core Insights - The analyst team has demonstrated a strong ability to outperform across various market conditions, achieving an annualized return of almost 40% over the past decade with a long-only model portfolio return exceeding 23 times [1]. Group 1: Investment Focus - The company offers income-focused investment options for those preferring lower-risk firms with consistent dividend payouts [1]. - The research covers sectors including energy, shipping, and offshore markets, indicating a broad investment strategy [1]. Group 2: Analyst Background - The analyst has extensive experience in trading, focusing on both long and short positions, particularly in tech stocks and the offshore drilling and supply industry [2]. - The analyst has a background in auditing with PricewaterhouseCoopers and has navigated significant market events such as the dotcom bubble and the subprime crisis [2].

Core Viewpoint - The company faced significant challenges in the fourth quarter of 2025, including tariff-related costs and lower shipment volumes, leading to an adjusted operating loss despite a notable increase in bookings, indicating potential demand recovery [1][4][7]. Financial Performance - Fourth-quarter revenue declined to $923 million, impacted by weakened shipment volumes and customer delays in purchasing [2][7]. - The company reported an adjusted operating loss of $16 million in Q4, which included $40 million in gross tariff costs [1][7]. - For the full year 2025, revenue was $3.8 billion with an adjusted operating profit of $16 million, reflecting approximately $100 million in tariff costs [9][7]. Order and Booking Trends - Fourth-quarter bookings rose significantly, increasing 42% sequentially and 35% year-over-year to about $540 million, suggesting a potential early sign of demand recovery [3][12]. - The backlog at year-end was $1.28 billion, with North America showing improvement while other regions lagged [5][13]. Market Conditions - The global lift truck market remained challenged, with year-over-year declines across regions, although North America showed meaningful sequential improvement [10]. - Customers are focused on cash preservation and higher financing costs, leading to deferred capital spending, particularly for higher-duty equipment [11]. Outlook and Projections - The company anticipates a trough in Q1 2026, with gradual production and shipment recovery expected, and stronger volumes in the second half of 2026 [6][15]. - Management forecasts a small loss in the first half of 2026, followed by a moderate full-year operating profit as gross margins normalize to the mid-to-high teens [6][18]. Cost Management and Initiatives - The company is targeting recurring annualized savings of $85 million to $100 million by 2028, with a $40 million to $45 million program starting in 2026 [5][19]. - Ongoing restructuring and optimization initiatives are aimed at reducing costs and improving resilience, including manufacturing footprint optimization and product investments [19][23]. Product Development and Innovation - The company is launching new modular and scalable platform products for electric counterbalance trucks, with initial orders already received [24]. - Automation efforts are progressing well, with pilot installations and an official launch of the automated "IDA" truck scheduled for April [24]. Executive Insights - The Executive Chairman emphasized the actions taken to lower costs and increase operational flexibility, noting early signs of stabilization and a potential turning point in 2026 [25].

Financial Data and Key Metrics Changes - In Q4 2025, bookings increased significantly by 42% sequentially and 35% year-over-year, indicating early signs of demand recovery [3][4] - Q4 revenues declined to $923 million, reflecting weaker shipment volumes and a full-year revenue decline to $3.8 billion [4][5] - Adjusted operating loss for Q4 was $16 million, including $40 million in gross tariff costs, while full-year adjusted operating profit was $16 million [4][5] Business Line Data and Key Metrics Changes - The Americas drove the increase in bookings, particularly in core counterbalance Class 5 trucks in the 1-3.5 ton range [8] - Despite overall market challenges, North America showed meaningful sequential improvement in bookings, while EMEA and JAPIC experienced demand contraction [7][8] Market Data and Key Metrics Changes - The global lift truck market faced year-over-year declines across all regions and truck classes, with North America being the exception showing recovery [7][8] - Backlog at the end of 2025 totaled $1.28 billion, with a sequential decline primarily due to lower unit volumes [10] Company Strategy and Development Direction - The company is focusing on operational efficiency, disciplined cost management, and product innovation to navigate the challenging market environment [12][14] - Strategic initiatives include a company-wide restructuring program targeting $40 million-$45 million in annualized savings beginning in 2026 [15] - The introduction of modular and scalable platforms aims to strengthen long-term competitive positioning [13] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2026, anticipating stronger performance as the year progresses due to improving bookings and aging fleets driving replacement demand [20][22] - The company expects moderate full-year operating profit, with a small loss in the first half followed by stronger revenue and profit improvement in the second half [17][18] Other Important Information - Tariffs remain a significant external factor, with forecasted costs expected to remain consistent with Q4 2025 levels throughout 2026 [16][17] - Capital expenditures for 2026 are expected to range from $55 million to $75 million, focusing on product development, IT infrastructure upgrades, and manufacturing optimization [19][50] Q&A Session Summary Question: Can you expand on the pent-up demand dynamic and potential for fleet replacements? - Management noted that customers are transitioning from conserving cash to ensuring operational needs are met, with a focus on counterbalance trucks [25][27] Question: Update on new product launches and automation? - New products are being launched, including modular electric counterbalance trucks, with automation solutions in pilot phases showing positive results [31][32] Question: Summary of bookings and market trends? - Bookings in Q4 were driven by North America, while other regions remained stable with a shift towards smaller, price-competitive products [38][40] Question: CapEx guidance and spending rationale? - CapEx is focused on product development, IT upgrades, and optimizing manufacturing footprint to enhance capabilities [49][50] Question: Progress in penetrating the warehouse segment? - The company has improved its market share in the warehouse segment, with new product launches and safety systems aimed at enhancing customer engagement [53]

Hyster-Yale Materials Handling (NYSE:HY) Q4 2025 Earnings call March 04, 2026 11:00 AM ET Company ParticipantsAlfred Rankin - Executive ChairmanAndrea Sejba - Director of Investor Relations and TreasuryKirk Ludtke - Managing DirectorRajiv Prasad - President and CEOConference Call ParticipantsChip Moore - Managing Director and Senior Research AnalystTed Jackson - Managing Director and Senior Equity Research AnalystOperatorGood day, welcome to the Hyster-Yale, Inc fourth quarter and full year 2025 earnings ca ...

Financial Data and Key Metrics Changes - In Q4 2025, bookings increased significantly by 42% sequentially and 35% year-over-year, indicating early signs of demand recovery [3][4] - Q4 revenues declined to $923 million due to weaker shipment volumes, while full-year revenue for 2025 was $3.8 billion, reflecting a challenging operating environment [4][5] - Adjusted operating loss for Q4 was $16 million, including $40 million in gross tariff costs, while full-year adjusted operating profit was $16 million [4][5] Business Line Data and Key Metrics Changes - The Americas drove the increase in bookings, particularly in core counterbalance Class Five trucks in the 1 to 3.5 ton range [7][8] - Despite overall market challenges, North America showed meaningful sequential improvement in bookings, contrasting with declines in EMEA and JAPIC regions [6][7] Market Data and Key Metrics Changes - The global lift truck market faced year-over-year declines across all regions and truck classes, with North America showing signs of recovery [6][9] - Backlog at the end of 2025 totaled $1.28 billion, with a sequential decline driven by lower unit volumes [9][10] Company Strategy and Development Direction - The company is focusing on operational efficiency, disciplined cost management, and product innovation to navigate the challenging market environment [11][12] - Strategic initiatives include modular product development, manufacturing footprint optimization, and enhancing customer engagement [12][14][15] - The company aims to be a first mover when demand recovers, with a focus on cash generation and long-term value creation [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for 2026, anticipating stronger performance as the year progresses, driven by improving bookings and aging fleets [17][21] - The company expects moderate full-year operating profit, with a small loss in the first half followed by stronger revenue and profit improvement in the second half [17][18] Other Important Information - Capital expenditures for 2026 are expected to range from $55 million to $75 million, focusing on product development, IT infrastructure upgrades, and manufacturing optimization [19][46] - Tariff costs are anticipated to remain consistent with Q4 2025 levels throughout 2026, with mitigation efforts expected to contribute more meaningfully starting in Q2 2026 [16][17] Q&A Session Summary Question: Can you expand on the pent-up demand dynamic and potential for fleet replacements? - Management noted that customers are transitioning from conserving cash to ensuring operational needs are met, with a focus on counterbalance trucks [25][26] Question: Update on new product launches and automation? - New products are being launched, including modular and scalable platforms for electric counterbalance trucks, with automation solutions in pilot phases [30][31] Question: Summary of bookings and market trends? - Bookings increased in North America, while other regions remained stable, with a shift towards smaller, more price-competitive products [36][37] Question: CapEx guidance and spending rationale? - CapEx is directed towards product development, IT upgrades, and optimizing manufacturing capabilities [46][47] Question: Progress in penetrating the warehouse segment? - The company has made progress in the warehouse market, launching new trucks and enhancing safety systems to improve market share [49][50] Question: Impact of automation and lithium-ion on margins? - Automation and lithium-ion solutions are expected to significantly increase revenue and margins, with higher capability sensors and systems involved [57][58]

Q4 2025 INVESTOR PRESENTATION Safe Harbor Statement and Disclosure This presentation includes forward-looking comments subject to important risks and uncertainties. The statements contained in this news release that are not historical facts are "forward-looking statements." These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations and their influence on stock prices, specifically focusing on Hyster-Yale (HY) and the average brokerage recommendation (ABR) for the stock [1][5]. Brokerage Recommendation Summary - Hyster-Yale currently has an average brokerage recommendation (ABR) of 1.67, indicating a position between Strong Buy and Buy, based on recommendations from three brokerage firms [2]. - Of the three recommendations, two are Strong Buy, accounting for 66.7% of all recommendations [2]. Analyst Bias and Effectiveness - Brokerage analysts tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" recommendation, which may mislead investors [6][11]. - Studies indicate that brokerage recommendations have limited success in guiding investors toward stocks with the best price increase potential [5][11]. Zacks Rank Comparison - The Zacks Rank, a proprietary stock rating tool, categorizes stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) and is based on earnings estimate revisions, making it a more effective indicator of near-term stock performance [8][12]. - The Zacks Rank is updated more frequently than the ABR, reflecting timely changes in earnings estimates, which are crucial for predicting future price movements [13]. Current Earnings Estimates for Hyster-Yale - The Zacks Consensus Estimate for Hyster-Yale remains unchanged at -$0.83 for the current year, suggesting steady analyst views on the company's earnings prospects [14]. - Due to the unchanged consensus estimate and other factors, Hyster-Yale holds a Zacks Rank 3 (Hold), indicating a cautious approach despite the Buy-equivalent ABR [15].

Core Insights - Hyster-Yale reported a quarterly loss of $2.06 per share, significantly worse than the Zacks Consensus Estimate of a loss of $1.2, and compared to earnings of $1.47 per share a year ago, indicating a substantial earnings surprise of -71.67% [1] - The company achieved revenues of $923.2 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.74%, but down from $1.07 billion in the same quarter last year [2] - Hyster-Yale's stock has increased by approximately 32.4% since the beginning of the year, outperforming the S&P 500's gain of 0.5% [3] Earnings Outlook - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is -$1.16 on revenues of $881.87 million, and for the current fiscal year, it is -$0.83 on revenues of $3.68 billion [7] Industry Context - Hyster-Yale operates within the Zacks Manufacturing - Construction and Mining industry, which is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5]

Exhibit 99 HYSTER-YALE ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 RESULTS 2025 Highlights and 2026 Outlook: Cleveland, Ohio, March 3, 2026: Hyster-Yale, Inc. (NYSE: HY) reported consolidated results for the fourth quarter and full-year 2025. All comparisons are to the fourth quarter 2024, unless otherwise noted. | | | Twelve Months Ended | | | --- | --- | --- | --- | | | December | 31, | | | $ in millions except per share amounts) | 2025 | 2024 | % Change | | Revenues | $3,769.3 | $4,308.2 | (13)% | | Oper ...