Hyster-yale, Inc. · NYSE:HY
Hyster-yale — Hyster-Yale Materials Handling — Q1 2026 Earnings Presentation
15 slides from Hyster-yale's earnings presentation, May 6, 2026
Slide 1: Hyster-Yale Announces First Quarter 2026 Results
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 5, 2026 HYSTER-YALE ANNOUNCES FIRST QUARTER 2026 RESULTS Q1 2026 Consolidat
Slide 2: Lift Truck Business Results
Q1 2026 Lift Truck revenues totaled $740 million, down 14% year-over-year, primarily due to a shift in the sales mix toward lighter-duty, lower priced models and depletion of excess backlog. • The Company has introduced new models designed to address growing demand for standard and value configurati
Slide 3: Bolzoni Group Results, Income Tax, Liquidity and Capital Allocation
Bolzoni Group Results ($ in millions) Q1 2026 Q1 2025 % Change Q4 2025 % Change Revenues $82.9 $80.3 3% $75.2 10% Gross Profit $20.5 $18.5 11% $18.1 13% Operating Profit (Loss) $(0.1) $0.6 (117)% $(4.8) 98% Adjusted Operating Profit (Loss)(1) $(0.1) $0.6 (117)% $(1.6) 94% (1) Reconciliations of repo
Slide 4: Inventory Discipline and Outlook
The Company focused on strong inventory discipline while ramping up activity in preparation for an anticipated recovery later in the year. • Year-over-year, excluding foreign currency and tariffs, inventory decreased by $126 million. • The Company continued to see improvements in inventory efficienc
Slide 5: Operational Initiatives and Cost-Reduction Programs
Operational Initiatives and Cost-Reduction Programs During the first quarter, the Company maintained a strong focus on operational efficiency, continuing to align its production footprint and organizational structure with market demand. Efforts to improve competitiveness and profitability remain cen
Slide 6: Outlook: Tariffs, Iran Conflict and Booking Trends
The introduction of additional Section 232 tariffs and the ongoing Iran conflict have prompted the Company to revise its projections. Tariffs and the Iran conflict have contributed to increased material prices, supply chain disruptions, and heightened uncertainty, all of which have affected margin,
Slide 7: Outlook: Lift Truck and Bolzoni Group
these actions are expected to support improved manufacturing effectiveness and a meaningful improvement in second half operating profit in 2026, despite a lower-margin product mix. The Company remains focused on disciplined execution, proactive cost management, and aligning its product portfolio wit
Slide 8: Long-Term Objectives
Long-Term Objectives Hyster-Yale's vision is to transform the way the world moves materials from Port to Home. It strives to do this through its two customer promises: first, to provide optimal customer solutions, and second, to provide exceptional customer care. The Company is focused on executing
Slide 9: Forward-looking Statements Disclaimer
Forward-looking Statements Disclaimer 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 p
Slide 10: About Hyster-Yale
energy solutions marketed globally primarily under the Hyster®, Yale®, Nuvera® and Maximal® brand names. Hyster-Yale Materials Handling’s subsidiary, Bolzoni S.p.A., is a leading worldwide producer of attachments, forks and lift tables marketed under the Bolzoni®, Auramo® and Meyer® brand names. Hys
Slide 11: Financial Highlights: Three Months Ended March 31
HYSTER-YALE, INC. FINANCIAL HIGHLIGHTS THREE MONTHS ENDED MARCH 31 2026 2025 (In millions, except per share data) Revenues $ 795.2 $ 910.4 Cost of sales 670.4 732.7 Gross Profit 124.8 177.7 Selling, general and administrative expenses 151.2 156.2 Restructuring and impairment charges1 1.6 0.2 Operati
Slide 12: Financial Highlights by Segment
HYSTER-YALE, INC. FINANCIAL HIGHLIGHTS THREE MONTHS ENDED MARCH 31 2026 2025 (In millions) Revenues Americas $ 578.4 $ 698.9 EMEA 126.0 118.2 JAPIC 35.3 47.3 Lift Truck Business $ 739.7 $ 864.4 Bolzoni 82.9 80.3 Eliminations (27.4) (34.3) Total $ 795.2 $ 910.4 Gross profit (loss) Americas $ 93.7 $ 1
Slide 13: Cash Flow, Capital Structure and Working Capital
HYSTER-YALE, INC. FINANCIAL HIGHLIGHTS CASH FLOW, CAPITAL STRUCTURE AND WORKING CAPITAL Three Months Ended March 31 2026 2025 (In millions) Net cash used for operating activities $ (32.9) $ (36.4) Net cash used for investing activities (9.3) (10.3) Cash Flow Before Financing Activities $ (42.2) $ (4
Slide 14: Reconciliation of Adjusted Results
HYSTER-YALE, INC. RECONCILIATION OF ADJUSTED RESULTS Three months ended March 31, December 31, 2026 2025 2025 (In millions, except per share data) Operating Profit (Loss) $ (28.0) $ 21.3 $ (37.2) Adjustments: Restructuring and impairment charges1 1.6 0.2 21.5 Adjusted Operating Profit $ (26.4) $ 21.
Slide 15: Reconciliation of Adjusted Operating Profit (Loss)
HYSTER-YALE, INC. RECONCILIATION OF ADJUSTED OPERATING PROFIT (LOSS) Q1 2026 Q1 2025 Q4 2025 (In millions) Americas Operating profit (loss) $ (1.7) $ 42.5 $ (7.0) Adjustments: Restructuring and impairment charges1 1.6 0.7 11.2 Adjusted operating profit $ (0.1) $ 43.2 $ 4.2 EMEA Operating profit (los
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