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]

Hyster-Yale Materials Handling (HY) Q1 2025 Earnings Call May 07, 2025 11:00 AM ET Company Participants Andrea Sejba - Director of Investor Relations & TreasuryRajiv Prasad - President and Chief Executive OfficerScott Minder - Senior VP, CFO & TreasurerAlfred Rankin - Executive Chairman Operator 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 ...

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 ...

Hyster-Yale (HY) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $2.93 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 4.26%. A quarter ago, it was expected that this maker of lift trucks and aftermarket parts would post earnings of $1.38 per share when it actually produced earnings of $1.47, delivering a surprise of 6.52%. Over the la ...

Financial Performance - Revenues for Q1 2025 were $910.4 million, a decrease of 13.8% compared to $1,056.5 million in Q1 2024[8] - Gross profit for Q1 2025 was $177.7 million, down 24.6% from $235.7 million in Q1 2024[8] - Net income attributable to stockholders for Q1 2025 was $8.6 million, a significant decline of 83.3% from $51.5 million in Q1 2024[8] - Basic earnings per share decreased to $0.49 in Q1 2025 from $2.97 in Q1 2024[8] - Operating profit for Q1 2025 was $21.3 million, down 74.6% from $83.8 million in Q1 2024[8] - Comprehensive income for Q1 2025 was $42.2 million, compared to $28.1 million in Q1 2024[9] - The net income for the three months ended March 31, 2025, was $8.5 million, compared to $51.7 million for the same period in 2024, indicating a significant decrease of approximately 83.6%[12] - The company reported a comprehensive loss of $28.4 million for the current period, compared to a comprehensive loss of $31.8 million in the previous period, showing an improvement of approximately 10.7%[12] Assets and Liabilities - Total assets increased to $2,055.3 million as of March 31, 2025, compared to $2,029.2 million at the end of 2024[7] - Total liabilities decreased slightly to $1,525.9 million from $1,535.1 million at the end of 2024[7] - As of March 31, 2025, total stockholders' equity was $514.3 million, an increase from $510.0 million at December 31, 2024, reflecting a growth of approximately 0.6%[12] - Cash and cash equivalents decreased to $77.2 million from $96.6 million at the end of 2024[11] Cash Flow and Dividends - The company reported a net cash used for operating activities of $36.4 million in Q1 2025, compared to a net cash provided of $22.4 million in Q1 2024[11] - Cash dividends declared during the first quarter of 2025 amounted to $6.2 million, up from $5.7 million in the first quarter of 2024, representing an increase of about 8.8%[12] - The company paid dividends of $0.3500 per share in Q1 2025, an increase from $0.3250 per share in Q1 2024[8] Segment Performance - Dealer sales for the three months ended March 31, 2025, were $415.6 million, down from $618.9 million in the same period of 2024, representing a decline of 32.8%[28] - The Americas segment reported revenues of $698.9 million for the three months ended March 31, 2025, compared to $769.7 million in 2024, a decrease of 9.2%[34] - The EMEA segment's revenues decreased to $118.2 million in Q1 2025 from $199.4 million in Q1 2024, a decline of 40.7%[34] - Nuvera reported no revenues for the three months ended March 31, 2025, compared to $0.5 million in the same period of 2024[34] Cost and Expenses - Stock-based compensation for the first quarter of 2025 was $3.5 million, compared to $9.2 million in the same quarter of 2024, reflecting a decrease of approximately 62%[12] - The lift truck business's cost of sales for the three months ended March 31, 2025, was $703.6 million, compared to $791.2 million in 2024, a reduction of 11.1%[34] - The reported income tax rate for Q1 2025 was 48.2%, significantly higher than 32.6% in Q1 2024, primarily due to additional valuation allowances[38] Strategic Initiatives - Nuvera Fuel Cells, LLC, a subsidiary focused on hydrogen fuel cell technology, underwent a strategic business realignment in April 2025, indicating a shift in operational focus[15] - The Company recognized restructuring charges of $0.2 million in Q1 2025, with additional charges expected to range from $8 million to $16 million in 2025 and 2026[68][69] - The Company expects to achieve direct annualized cost reductions of $15 to $20 million and indirect cost reductions of $10 to $15 million starting in the second half of 2025 through a strategic business realignment[71] Inventory and Manufacturing - Total manufactured inventories reached $873.6 million as of March 31, 2025, up from $857.1 million as of December 31, 2024[57] - The company’s total inventory, after accounting for the LIFO reserve, was $772.7 million as of March 31, 2025, compared to $754.3 million at the end of 2024[57] Foreign Currency and Derivatives - The company held forward foreign currency exchange contracts with total notional amounts of $0.8 billion as of March 31, 2025, unchanged from December 31, 2024[47] - The fair value of interest rate swap agreements was a net asset of $7.6 million at March 31, 2025, down from $9.9 million at December 31, 2024[50] - The company reported a pre-tax gain of $10.5 million from derivative instruments for the three months ended March 31, 2025, compared to a loss of $15.2 million for the same period in 2024[52] Pension and Warranty Obligations - The U.S. pension plan's net periodic pension expense was $0.4 million for the three months ended March 31, 2025, unchanged from the same period in 2024[56] - The company initiated a de-risking strategy for the U.K. pension plan, resulting in a shift towards fixed income and highly-liquid securities[54] - The company maintains a standard warranty on lift trucks generally for twelve months or 1,000 to 2,000 operating hours[58]

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, May 6, 2025 HYSTER-YALE ANNOUNCES FIRST QUARTER 2025 RESULTS Q1 2025 Consolidated Highlights: Cleveland, Ohio, May 6, 2025: Hyster-Yale, Inc. (NYSE: HY) reported the following consolidated results for the three months ended March 31, 2025. | | | | Three Months Ended | | | | --- | --- | --- ...

Consolidated Financial Results - Hyster-Yale, Inc. reported consolidated revenues of $910.4 million for Q1 2025, a decrease of 14% compared to $1,056.5 million in Q1 2024 and a 15% decline from $1,067.5 million in Q4 2024 [3][7] - Operating profit fell to $21.3 million, down 75% from $83.8 million in Q1 2024 and down 34% from $32.3 million in Q4 2024 [3][7] - Net income decreased by 83% to $8.6 million compared to $51.5 million in Q1 2024 and down 17% from $10.3 million in Q4 2024 [3][7] - Diluted earnings per share dropped to $0.48, an 84% decline from $2.93 in Q1 2024 and a 17% decrease from $0.58 in Q4 2024 [3][7] Lift Truck Business Performance - Lift Truck revenues were $864.4 million, down 14% year-over-year from $1,006.8 million and down 15% sequentially from $1,021.6 million [4][5] - The Americas segment saw revenues of $698.9 million, a 9% decline from $769.7 million in Q1 2024, while EMEA revenues fell 41% to $118.2 million [4][5] - JAPIC revenues increased by 25% to $47.3 million compared to $37.7 million in Q1 2024 [4] Market Demand and Bookings - Q1 2025 Lift Truck bookings increased by 13% year-over-year to $590 million and 48% sequentially, driven by demand for higher-priced Class 4 and 5 products [30][31] - The backlog remained stable at $1.9 billion, with production rates expected to increase in Q2 2025 [32][31] - Market demand is anticipated to grow in the second half of 2025, contingent on tariff impacts [7][31] Strategic Initiatives and Outlook - The company announced a strategic realignment of its Nuvera fuel cell business to enhance profitability and integrate energy solutions with the Lift Truck business [21][23] - Cost reductions of $15 to $20 million are expected from this realignment starting in the second half of 2025 [23] - The company aims to maintain a strong net debt-to-adjusted EBITDA ratio while focusing on working capital efficiency and inventory management [18][20] Financial Position and Cash Flow - As of March 31, 2025, total debt was $484 million, with cash holdings of $77.2 million, resulting in net debt of $406.8 million [17][19] - The company experienced operating cash outflows of $36 million due to reduced net income and unfavorable working capital changes [19][42] - Working capital represented 22% of sales, reflecting a slight increase from year-end 2024 [21]

CLEVELAND, April 30, 2025 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) (the "Company") today announced a strategic business realignment of its Nuvera fuel cell business designed both to increase near term profits and to create an integrated energy solutions program at Nuvera's Billerica facility which will be part of its Hyster-Yale Materials Handling (HYMH) business. That program will include HYMH's: Development, manufacturing, and commercialization of its lithium-ion battery modules, battery chargers, bat ...

Company Overview - Hyster-Yale, Inc. is headquartered in Cleveland, Ohio, and is a globally integrated company that offers a full line of lift trucks and solutions, including attachments and hydrogen fuel cell power products [3][4] - The company's vision is to transform the way materials are moved from Port to Home, focusing on understanding customer applications and providing optimal solutions to improve productivity at the lowest cost of ownership [3] Financial Results Announcement - Hyster-Yale, Inc. will release its First Quarter 2025 financial results after the market closes on May 6, 2025 [1] - A webcast will be hosted on May 7, 2025, at 11:00 a.m. ET to discuss the financial results, with access available on the company's website [1][2] Subsidiaries and Operations - The company's wholly owned subsidiary, Hyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells, and services a comprehensive line of lift trucks, attachments, and aftermarket parts, primarily under the Hyster® and Yale® brand names [4] - Hyster-Yale also includes subsidiaries such as Bolzoni S.p.A., which produces attachments and lift tables, and Nuvera Fuel Cells, LLC, focused on fuel cell technology [4]

Company Performance - Hyster-Yale's stock closed at $37.69, reflecting a +0.69% change from the previous day, which underperformed compared to the S&P 500's gain of 1.81% [1] - Over the past month, Hyster-Yale shares have decreased by 13.97%, which is worse than the Industrial Products sector's decline of 11.25% and the S&P 500's decline of 6.14% [1] Upcoming Financial Results - The company is expected to report an EPS of $0.47, indicating an 83.96% decline compared to the same quarter last year [2] - Revenue is forecasted to be $947.8 million, representing a 10.29% decline from the corresponding quarter of the previous year [2] Full Year Projections - For the full year, earnings are projected at $2.05 per share, showing a decrease of 77.17% from the previous year [3] - Revenue for the full year is estimated at $3.91 billion, reflecting a decline of 9.19% compared to the prior year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Hyster-Yale are important as they indicate changing business trends [4] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [4] Zacks Rank and Valuation - Hyster-Yale currently holds a Zacks Rank of 5 (Strong Sell), with no changes in the Zacks Consensus EPS estimate over the past month [6] - The company is trading at a Forward P/E ratio of 18.3, which is a premium compared to the industry average Forward P/E of 14.69 [7] Industry Context - Hyster-Yale is part of the Manufacturing - Construction and Mining industry, which is ranked 32 in the Zacks Industry Rank, placing it in the top 13% of over 250 industries [7] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, indicating that higher-ranked industries tend to outperform lower-ranked ones [8]