Core Insights - Hyster-Yale, Inc. reported a decline in revenues and profits for Q3 2025, reflecting ongoing economic uncertainty and reduced truck volumes across all product lines [1][7][9] Financial Performance - Revenues for Q3 2025 were $979.1 million, down 4% year-over-year from $1,016.1 million in Q3 2024, but up 2% sequentially from $956.6 million in Q2 2025 [2][7] - Operating profit fell to $2.3 million, a 93% decrease from $33.1 million in Q3 2024, while net income was a loss of $2.3 million compared to a profit of $17.2 million in the same quarter last year [2][7] - Diluted earnings per share were $(0.13), down from $0.97 in Q3 2024, reflecting a 113% decline [2][7] Lift Truck Business Results - Lift Truck revenues were $929.3 million, a 4% decline year-over-year, attributed to lower truck volumes due to economic uncertainty [3][4] - The Americas segment saw revenues of $732.7 million, down 5% from $771.5 million in Q3 2024, while EMEA revenues increased by 4% year-over-year [3][8] - Gross profit for the Lift Truck business was $134.3 million, down 21% from $169.9 million in Q3 2024 [5][7] Tariff Impact - Tariff costs were approximately $40 million in Q3 2025, contributing to the decline in operating profit [9] - The company is implementing price increases and cost reductions to mitigate the impact of tariffs on financial results [18][19] Cash Flow and Liquidity - Operating cash flow improved to $37 million, driven by increased inventory efficiency [17] - The company reduced debt slightly to $467.8 million compared to $468.5 million a year ago, maintaining a focus on liquidity management [14][15] Market Outlook - The company anticipates continued challenges due to tariffs and economic uncertainty, with proactive measures in place to improve financial results [18][19] - Despite a contraction in the lift truck market, there was an uptick in booking activity, with dollar value bookings improving to $380 million from $330 million in the prior quarter [21][24] Strategic Initiatives - The company is focused on operational improvement projects to streamline manufacturing and optimize operations, with expected benefits starting in 2026 [31] - Long-term objectives include transforming the lift truck business and expanding into new markets, with a commitment to innovation and customer engagement [38]

Jim Chalmers said economic uncertainty was the major focus of discussions with international counterparts and major investors https://t.co/BxXRXaxqce ...

Federal Reserve Governor Christopher Waller said officials can keep lowering interest rates in quarter-percentage-point increments to support a faltering labor market amid economic uncertainty https://t.co/H5b0JRE7Lr ...

Main Street business owners were less optimistic last month, as enduring inflationary pressures and labor shortages add to growing uncertainty about the economy https://t.co/mv3sJbXKMb ...

McCay wrote a piece this year entitled The Visionary of Trump 2.0%, in which he takes a look at Russell Vot's potential impact under Trump's second presidency, which I'm thinking we might see quite soon. Uh, we'll get to that in just a moment. Um, Mara, I want to start with you though on my question.Um, in terms of the American people, busy, hardworking, maybe a little bit tuned out, like exhausted by the news. Um, are they really clued into what's at stake. How quickly would Americans feel the cuts to heal ...

Hiring plans fell to the weakest level for any August on record and intended job cuts mounted amid broader economic uncertainty, according to outplacement firm Challenger, Gray & Christmas https://t.co/cSVlKRxChp ...

Market Trend - Chinese entrepreneur Wang Ning has found a formula to keep shoppers consuming despite global economic uncertainty [1] - The "ugly-cute" Labubu dolls are popular, hanging from purses around the world [1]

With the ugly-cute Labubu dolls hanging from purses around the world, Chinese entrepreneur Wang Ning has found a formula to keep shoppers consuming at a time of global economic uncertainty https://t.co/p4GGn3Hecb ...

Market Trends & Economic Factors - Tariffs may soon impact prices [1] - Consumers are delaying larger projects due to higher interest rates [1] - Economic uncertainty contributes to consumers holding off on larger projects [1]

And joining me now is Justin Wolfers, president of economics and public policy at the University of Michigan. Welcome, Justin. So, President Trump warned of another great depression if courts strike down his use of emergency powers to justify his sweeping tariffs.What is your take on his claims. What is the possible fallout should courts find his tariffs illegal. I mean, let's start with the chaos, but what would the fallout be like.Uh wow. It feels like it must be opposite day if uh the president says that ...