Financial Performance - Q3 2025 - Hyster-Yale's Q3 2025 revenue was $979 million, a decrease of 4% compared to the prior year[11, 14, 16] - The adjusted operating profit for Q3 2025 was $3 million, significantly lower than the prior year's strong results[11, 14, 16] - The adjusted net loss was $1.6 million for Q3 2025[11] - Lift Truck revenue was $929 million, 4% lower year-over-year[16, 19] - Bolzoni revenue was $87 million, 11% lower year-over-year[16, 19] Liquidity and Debt - The company has $275 million in unused borrowing capacity, improved by $10 million compared to Q2 2025[14] - Working capital as a percentage of sales decreased by 130 basis points to 20% compared to Q2 2025 due to improved inventory efficiency[14] - The company's debt composition includes $70 million in ABL Term Loan, $214 million in Working Capital Facilities, $100 million in Wholesale Financing, $56 million in Leases, and $23 million in Other debt, totaling $468 million[21] Outlook and Strategy - The company expects a profit decline in Q4 2025 on lower revenues, reflecting tariff-related cost and demand impacts[34] - Capex of $50-$60 million is forecasted[34] - The company's long-term financial objectives include achieving 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) of over 20%[104]

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]