Hyster-Yale Materials Handling (HY) Q2 2025 Earnings Call August 06, 2025 11:00 AM ET Speaker0Good day, and welcome to the Hyster Yale Inc. Second Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note, today's event is being recorded.I would now like to turn the conference over to Andrea Sabah, Director of Investor Relations and Treasury. Please go ahead.Speaker1Good morning, a ...

Q2 2025 Financial Performance - Hyster-Yale's Q2 2025 consolidated revenue reached $957 million, an 18% decrease compared to the prior year[14, 17] - The company reported an adjusted operating profit of $7 million, down from Q2 2024's strong results[14, 17] - Hyster-Yale's adjusted net loss was $2 million in Q2 2025[14, 20] - Lift Truck revenue was $904 million, a 19% year-over-year decrease[20, 23] - Bolzoni's revenue was $91 million, a 12% decrease compared to the prior year[20, 23] Liquidity and Outlook - Hyster-Yale extended its credit facility to 2030, maintaining liquidity of $300 million[17, 27] - The company's working capital as a percentage of sales decreased by 100 basis points to 21% compared to Q1 2025[17, 28] - The unit bookings value declined to $330 million, a 44% decrease compared to Q1 2025[17] - The unit value backlog is $17 billion, representing approximately 4-5 months of production[17] - Full year 2025 is projected to be below the robust results of 2024, with higher tariffs creating cost and market demand uncertainty[18, 35] Strategic Initiatives and Long-Term Objectives - Hyster-Yale aims for long-term financial objectives including revenue growth at GDP++, operating profit margins of 7% of sales, working capital at 15% of sales, and a Return on Total Capital Employed (ROTCE) greater than 20%[105] - The company is focused on modular, scalable product platforms and optimized manufacturing footprint to improve capital efficiency[75, 94]

Hyster-Yale (HY) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.26. This compares to earnings of $3.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -153.85%. A quarter ago, it was expected that this maker of lift trucks and aftermarket parts would post earnings of $0.47 per share when it actually produced earnings of $0.49, delivering a surprise of +4.26%.Over the last four quart ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _______________________________________________________________________________________________________________________________________________________________________________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURIT ...

Exhibit 99 NEWS RELEASE 5875 Landerbrook Drive, Suite 300 • Cleveland, Ohio 44124-4069 Tel. (440) 449-9600 • Fax (440) 449-9577 FOR FURTHER INFORMATION, CONTACT: Andrea Sejba For Immediate Release (440) 449-9611 Tuesday, August 5, 2025 HYSTER-YALE ANNOUNCES SECOND QUARTER 2025 RESULTS Q2 2025 Consolidated Highlights: 1 • Consolidated revenues improved 5% from Q1 2025 to $957 million • Operating loss of $8.5 million and adjusted operating profit of $7.2 million declined sequentially due to increased product ...

Consolidated Financial Results - Hyster-Yale, Inc. reported Q2 2025 revenues of $956.6 million, a decrease of 18% compared to Q2 2024's $1,168.1 million, but an increase of 5% from Q1 2025's $910.4 million [2][54] - The company experienced an operating loss of $8.5 million in Q2 2025, a significant decline from an operating profit of $95.6 million in Q2 2024 and a decrease from a profit of $21.3 million in Q1 2025 [2][54] - Net income for Q2 2025 was a loss of $13.9 million, down 122% from a profit of $63.3 million in Q2 2024 and a decline from a profit of $8.6 million in Q1 2025 [2][54] Lift Truck Business Performance - Lift Truck revenues were $904.2 million in Q2 2025, down 19% year-over-year from $1,118.0 million in Q2 2024, but up 5% from $864.4 million in Q1 2025 [3][4] - The decline in year-over-year revenues was attributed to lower volumes across all product lines due to economic uncertainty affecting customer order patterns [4][25] - The Americas segment saw a 20% decrease in revenues to $707.5 million compared to Q2 2024, while EMEA revenues fell by 21% to $148.3 million [3][8] Gross and Operating Profit Analysis - Gross profit for Q2 2025 was $146.8 million, down 38% from $236.9 million in Q2 2024, and down 8% from $158.8 million in Q1 2025 [6][54] - The operating loss for the Lift Truck business was $10.9 million in Q2 2025, a decline of 112% from a profit of $91.6 million in Q2 2024 [6][54] - Adjusted operating profit for Q2 2025 was $4.8 million, a decrease of 95% from $91.6 million in Q2 2024 [6][54] Liquidity and Capital Structure - The company renewed a $300 million revolving credit facility in Q2 2025, improving covenant flexibility and extending the maturity date to June 2030 [7][16] - As of June 30, 2025, total debt was $473.2 million, down from $501.9 million a year earlier, with cash holdings of $66.9 million [15][56] - The net debt position improved year-over-year to $406.3 million, reflecting effective cash generation and debt reduction strategies [15][17] Market Outlook and Strategic Initiatives - The company anticipates continued challenges in the lift truck market due to economic uncertainty and tariff impacts, with a focus on maintaining operational efficiency and cost discipline [20][36] - Management is implementing price adjustments to mitigate tariff-related costs, with expectations for product margins to remain above targeted levels despite competitive pressures [31][30] - The company is committed to long-term growth through strategic initiatives in product development and operational optimization, aiming for significant annualized income benefits starting in 2027 [32][44]

Company Announcement - Hyster-Yale, Inc. will release its Second Quarter 2025 financial results after the market closes on August 5, 2025 [1] - A webcast to discuss the financial results will be hosted on August 6, 2025, at 11:00 a.m. ET [1] Webcast Access - The webcast can be accessed on the company's website approximately 15 minutes prior to the event [2] - An archive of the webcast will be available on the company's website about two hours after the live call ends [2] Company Overview - Hyster-Yale, Inc. is headquartered in Cleveland, Ohio, and offers a full line of lift trucks and solutions for materials handling [3] - The company's vision includes understanding customer applications to improve productivity and providing exceptional customer care throughout the product lifecycle [3] Subsidiaries and Products - Hyster-Yale's subsidiary, Hyster-Yale Materials Handling, Inc., designs, manufactures, and sells lift trucks and aftermarket parts under various brand names [4] - The subsidiary Bolzoni S.p.A. produces attachments and lift tables marketed under its own brand names [4] - Hyster-Yale Materials Handling has a joint venture in Japan with Sumitomo NACCO Forklift Co. Ltd. [4]

Company Performance - Hyster-Yale's stock closed at $42.27, reflecting a 2.2% increase from the previous trading session, outperforming the S&P 500's gain of 0.48% [1] - The stock has seen a slight increase of 0.07% over the past month, which is below the Industrial Products sector's gain of 6.87% and the S&P 500's gain of 5.13% [1] Earnings Projections - The upcoming EPS for Hyster-Yale is projected at $0.07, indicating a significant drop of 98.04% compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is expected to be $936.9 million, down 19.79% from the previous year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $1.36 per share and revenue of $3.69 billion, representing declines of 84.86% and 14.29% respectively compared to the previous year [3] - Recent adjustments to analyst estimates are crucial as they reflect changing business trends, with positive revisions indicating analyst optimism [3] Valuation Metrics - Hyster-Yale has a Forward P/E ratio of 30.41, which is a premium compared to the industry average Forward P/E of 16.43 [6] - The Manufacturing - Construction and Mining industry, part of the Industrial Products sector, currently holds a Zacks Industry Rank of 208, placing it in the bottom 16% of over 250 industries [6] Zacks Rank System - Hyster-Yale currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The Zacks Rank system has a strong track record, with stocks rated 1 producing an average annual return of +25% since 1988 [5]

Financial Data and Key Metrics Changes - In Q1 2025, lift truck revenues declined by 14% year over year, primarily due to lower sales volumes in The Americas and EMEA [19] - Operating cash outflows totaled $36 million, compared to inflows of $22 million in the prior year, driven by lower net income and unfavorable working capital changes [27] - The company's leverage, measured by net debt to EBITDA, was 1.6 times at the end of Q1 [26] Business Line Data and Key Metrics Changes - Lift Truck adjusted operating profit declined significantly compared to the prior year due to lower volumes and loss of manufacturing absorption [20] - JPIC revenues increased year over year due to increased volumes and a favorable product mix shift toward big trucks [19] - Bolzoni's revenues declined primarily due to the planned phase-out of lower-margin legacy products, but gross profit margins improved due to better pricing and lower material costs [22] Market Data and Key Metrics Changes - The lift truck booking market showed encouraging signs of recovery in The Americas and particularly in EMEA, with bookings of $590 million reflecting year-over-year growth and a nearly 50% sequential increase [12][30] - The company's backlog remains solid at $1.9 billion, with production rates expected to increase in Q2 [13][31] Company Strategy and Development Direction - The company is focusing on producing and selling products in the same region to avoid excess shipping costs and enhance delivery time [9] - A strategic business realignment related to Nuvera aims to enhance near-term profitability and create an integrated energy solutions program [14] - The long-term strategic focus is on driving profitable growth through innovation and operating efficiency [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged significant uncertainty created by shifting tariff levels and their effects on market demand and cost structures [7] - The company remains cautiously optimistic about its 2025 outlook, despite anticipating that operating profit will be below 2024's exceptionally strong results [18][35] - Management emphasized the importance of financial discipline and proactive pricing strategies to counter inflation and tariff-related costs [32][36] Other Important Information - The company expects to incur $15 million to $18 million in severance and impairment costs during Q2 due to the business realignment [16] - The effective tax rate increased due to the ongoing capitalization of research and development costs for U.S. tax purposes [25] Q&A Session Summary Question: No questions were raised during the Q&A session - The operator indicated that there were no questions from participants [43]

Hyster-Yale Materials Handling (HY) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to the Hyster Yale Inc. First Quarter twenty twenty five Earnings Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. This call is being recorded on Wednesday, 05/07/2025. I would now like to turn the conference call over to Andrea Seba. Please go ahead. Speaker1 Good morning, and thank you fo ...