Hyster-Yale Materials Handling Inc. (HY) financial statements: income statement, balance sheet and cash flow

Hyster-Yale Materials Handling Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Hyster-Yale Materials Handling Inc. reported revenue of $3.8B (-12.5% year on year) and net income of ($60.1M) (-142.2% year on year).

Income statement

Hyster-Yale Materials Handling Inc. income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Revenues	$3.8B	$4.3B	$4.1B	$3.5B
Cost of Product and Service Sold	$3.1B	$3.4B	$3.3B	$3.1B
Gross Profit	$632.8M	$895.5M	$785.6M	$433.9M
Selling, general and administrative expenses	$616.5M	$628.1M	$576.9M	$473.0M
Restructuring Charges	$38.4M	$22.6M	—	—
Asset Impairment Charges	$6.8M	$6.8M	$0	$0
Restructuring Costs and Asset Impairment Charges	$38.4M	—	—	—
Operating Expenses	$654.9M	$650.7M	$576.9M	$473.0M
Operating Profit	($22.1M)	$244.8M	$208.7M	($39.1M)
Interest Expense, Operating and Nonoperating	$31.2M	$33.8M	$37.3M	$28.4M
Income from unconsolidated affiliates	($10.4M)	($5.5M)	($9.8M)	($11.0M)
Other, net	$0	($2.5M)	$200.0K	$5.9M
Other (Income) Expense	$20.8M	$25.8M	$27.7M	$23.3M
Income Before Income Taxes	($42.9M)	$219.0M	$181.0M	($62.4M)
Income tax provision	$15.1M	$74.8M	$52.9M	$9.2M
Net Income	($58.0M)	$144.2M	$128.1M	($71.6M)
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	$300.0K	$700.0K	$600.0K	$1.5M
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	($900.0K)	($300.0K)	($700.0K)	($500.0K)
Accrued dividend to redeemable noncontrolling interests	($900.0K)	($900.0K)	($900.0K)	($500.0K)
Net income attributable to stockholders	($60.1M)	$142.3M	$125.9M	($74.1M)
Basic Earnings per Share	-$3.40	$8.16	$7.35	-$4.38
Diluted earnings per share	-$3.40	$8.04	$7.24	-$4.38
Payments for Restructuring	($8.9M)	($400.0K)	—	—
Restructuring Reserve	$27.6M	$12.2M	—	—
Restructuring Reserve, Period Increase (Decrease)	$25.8M	$12.6M	—	—
Service parts as percentage of revenue	16.0%	—	—	—
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	$100.0K	—	—	—

Hyster-Yale Materials Handling Inc. income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Revenues	$812.9M	$795.2M	$979.1M	$956.6M
Cost of sales	$685.3M	$670.4M	$823.2M	$788.4M
Gross Profit	$127.6M	$124.8M	$155.9M	$168.2M
Selling, general and administrative expenses	$144.3M	$151.2M	$152.6M	$161.0M
Restructuring Charges	$1.7M	$1.6M	$1.0M	$15.7M
Operating Profit	($18.4M)	($28.0M)	$2.3M	($8.5M)
Interest expense	$7.8M	$7.2M	$8.0M	$7.9M
Income from unconsolidated affiliates	($2.7M)	($3.3M)	($1.6M)	($2.7M)
Other	($300.0K)	$200.0K	$500.0K	($500.0K)
Other (income) expense	$4.8M	$4.1M	$6.9M	$4.7M
Income Before Income Taxes	($23.2M)	($32.1M)	($4.6M)	($13.2M)
Income Tax Expense (Benefit)	$8.1M	($1.8M)	($2.9M)	$200.0K
Net Income (Loss)	($31.3M)	($30.3M)	($1.7M)	($13.4M)
Net (income) loss attributable to noncontrolling interest	$100.0K	$0	($100.0K)	($200.0K)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	($100.0K)	$0	($300.0K)	$0
Accrued dividend to redeemable noncontrolling interests	$300.0K	$200.0K	$200.0K	$300.0K
Net Income Attributable to Stockholders	($31.6M)	($30.5M)	($2.3M)	($13.9M)
Basic Earnings per Share	-$1.76	-$1.71	-$0.13	-$0.79
Diluted Earnings per Share	-$1.76	-$1.71	-$0.13	-$0.79
Dividends per Share	$0.36	$0.36	$0.36	$0.36
Basic Weighted Average Shares Outstanding	17.9M	17.8M	17.7M	17.7M
Diluted Weighted Average Shares Outstanding	17.9M	17.8M	17.7M	17.7M
Restructuring and Related Cost, Expected Cost	$6.0M	$10.0M	$3.0M	—
Restructuring and Related Cost, Expected Cost Remaining	$9.0M	$9.0M	$37.0M	—

Balance sheet

Hyster-Yale Materials Handling Inc. balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash	$123.2M	$96.6M	$78.8M	$59.0M
Accounts receivable, net	$489.6M	$488.4M	$497.5M	$523.6M
Inventories, net	$634.3M	$754.3M	$815.7M	$799.5M
Prepaid expenses and other	$99.9M	$94.0M	$98.1M	$76.6M
Total Current Assets	$1.3B	$1.4B	$1.5B	$1.5B
Property, Plant and Equipment, Net	$329.0M	$306.7M	$313.9M	$310.0M
Intangible Assets	$32.3M	$33.1M	$39.3M	$42.7M
Goodwill	$55.7M	$54.6M	$53.3M	$51.3M
Deferred Income Tax Assets, Net	$6.8M	$6.7M	$3.0M	$2.6M
Investment in Unconsolidated Affiliates	$58.2M	$55.5M	$56.8M	$59.4M
Other Non-current Assets	$191.6M	$139.3M	$122.7M	$101.5M
Total Assets	$2.0B	$2.0B	$2.1B	$2.0B
Operating Lease, Right-of-Use Asset	$141.0M	$96.0M	$75.1M	$57.2M
Finance Lease, Right-of-Use Asset	$31.1M	$32.0M	$39.5M	$37.0M
Total Right of Use Asset	$172.1M	$128.0M	$114.6M	$94.2M
Operating Lease, Liability, Current	$19.9M	$15.9M	$15.9M	$14.4M
Finance Lease, Liability, Current	$8.1M	$11.2M	$13.7M	$12.8M
Operating Lease, Liability, Noncurrent	$128.0M	$85.2M	$62.0M	$45.9M
Finance Lease, Liability, Noncurrent	$12.8M	$12.2M	$13.6M	$16.8M
Total Lease Liability	$168.8M	$124.5M	$105.2M	$89.9M
Accounts payable	$396.1M	$447.8M	$523.5M	$585.8M
Revolving credit facilities	$109.6M	$54.2M	$83.3M	$137.1M
Current portion of borrowings outstanding	$132.8M	$144.6M	$169.4M	$148.8M
Accrued payroll	$100.7M	$105.5M	$87.4M	$64.4M
Deferred revenue	$47.0M	$56.8M	$77.9M	$139.8M
Other current liabilities	$210.5M	$241.3M	$270.4M	$245.4M
Long-term portion of borrowings outstanding	$251.9M	$241.9M	$241.3M	$267.0M
Total Current Liabilities	$1.0B	$1.1B	$1.2B	$1.3B
Self-insurance Liabilities	$42.8M	$37.8M	$51.1M	$33.5M
Pension Obligations	$1.7M	($100.0K)	$5.2M	$6.2M
Deferred Income Taxes	$8.2M	$8.4M	$12.7M	$13.4M
Other Long-term Liabilities	$223.5M	$189.1M	$143.4M	$138.1M
Total Liabilities	$1.5B	$1.5B	$1.7B	$1.8B
Common Stock, Shares, Outstanding	17.7M	17.4M	17.2M	16.9M
Common Stock, Par or Stated Value Per Share	$0.02	$0.02	$0.02	$0.02
Common stock	$200.0K	$200.0K	$200.0K	$200.0K
Capital in excess of par value	$354.7M	$350.9M	$327.7M	$297.7M
Treasury Stock, Value	$14.4M	$13.6M	—	$0
Retained earnings	$289.1M	$374.6M	$256.3M	$152.7M
Accumulated other comprehensive loss	($157.6M)	($237.0M)	($194.3M)	($246.2M)
Total Stockholders' Equity	$472.0M	$475.1M	$389.9M	$204.4M
Noncontrolling Interest	$4.3M	$4.1M	$2.1M	$6.5M
Total Equity	$476.3M	$479.2M	$392.0M	$210.9M
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$16.1M	$14.9M	$14.8M	$14.2M
Total Liabilities and Equity	$2.0B	$2.0B	$2.1B	$2.0B

Hyster-Yale Materials Handling Inc. balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash	$72.6M	$81.8M	$71.1M	$66.9M
Accounts receivable, net	$484.8M	$471.2M	$520.6M	$512.1M
Inventories, net	$627.5M	$643.8M	$740.3M	$776.6M
Prepaid expenses and other	$91.9M	$108.3M	$111.8M	$101.1M
Total Current Assets	$1.3B	$1.3B	$1.4B	$1.5B
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization	$326.8M	$327.5M	$320.6M	$316.4M
Intangible Assets	$30.3M	$31.0M	$33.0M	$33.9M
Goodwill	$55.5M	$54.6M	$55.5M	$55.4M
Deferred Income Tax Assets, Net	$3.5M	$7.3M	$8.0M	$7.9M
Investment in Unconsolidated Affiliates	$53.2M	$51.8M	$56.6M	$55.7M
Other Non-current Assets	$182.1M	$180.8M	$143.0M	$149.1M
Total Assets	$1.9B	$2.0B	$2.1B	$2.1B
Accounts payable	$414.3M	$399.9M	$472.0M	$465.2M
Revolving credit facilities	$98.6M	$108.0M	$74.4M	$93.6M
Current maturities of long-term debt	$142.2M	$146.2M	$141.2M	$134.4M
Accrued payroll	$69.1M	$65.0M	$87.3M	$77.7M
Deferred revenue	$49.0M	$49.6M	$43.7M	$48.0M
Other current liabilities	$217.3M	$215.2M	$214.4M	$214.1M
Total Current Liabilities	$999.6M	$992.9M	$1.0B	$1.0B
Long-term Debt	$259.2M	$251.1M	$252.2M	$245.2M
Self-insurance Liabilities	$43.5M	$43.8M	$38.3M	$37.2M
Deferred Income Tax Liabilities, Net	$7.7M	$8.1M	$9.2M	$10.1M
Other Long-term Liabilities	$208.2M	$211.3M	$168.4M	$177.0M
Total Liabilities	$1.5B	$1.5B	$1.5B	$1.5B
Redeemable Noncontrolling Interest, Equity, Carrying Amount	$16.1M	$16.5M	$15.1M	$14.5M
Common stock	$200.0K	$200.0K	$200.0K	$200.0K
Capital in excess of par value	$348.4M	$347.9M	$356.4M	$355.2M
Treasury stock	($3.0M)	($3.9M)	($15.3M)	($16.2M)
Retained earnings	$214.0M	$252.2M	$348.1M	$356.7M
Accumulated other comprehensive loss	($169.6M)	($166.3M)	($153.4M)	($151.2M)
Total Stockholders' Equity	$390.0M	$430.1M	$536.0M	$544.7M
Noncontrolling Interest	$3.9M	$4.3M	$4.3M	$4.2M
Total Equity	$393.9M	$434.4M	$540.3M	$548.9M
Total Liabilities and Equity	$1.9B	$2.0B	$2.1B	$2.1B
Class A Common stock, par value	$0.02	$0.02	$0.02	$0.02
Class A Common stock, shares outstanding	17.9M	17.9M	17.7M	17.7M

Cash flow statement

Hyster-Yale Materials Handling Inc. cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net Income	($58.0M)	$144.2M	$128.1M	($71.6M)
Depreciation and amortization	$45.8M	$47.6M	$45.1M	$43.4M
Amortization of deferred financing costs	$1.4M	$1.5M	$1.4M	$1.4M
Deferred income taxes	($1.5M)	($8.2M)	($1.1M)	($100.0K)
Restructuring Charges	$38.4M	$22.6M	—	—
Stock-based compensation	$7.5M	$23.6M	$29.3M	$6.4M
Dividends from unconsolidated affiliates	$8.0M	$4.4M	$10.5M	$15.6M
Other non-current liabilities	$6.3M	$13.8M	$15.1M	($20.1M)
Other	$11.0M	$18.9M	$20.7M	$22.5M
Accounts receivable	$25.3M	($14.2M)	$26.8M	($89.5M)
Inventories	$156.6M	$35.3M	($4.3M)	($39.1M)
Other current assets	$4.0M	$2.8M	($8.4M)	($5.4M)
Accounts payable	($79.9M)	($55.9M)	($81.4M)	$78.7M
Other liabilities	($78.8M)	($65.7M)	($31.1M)	$94.9M
Net cash provided by operating activities	$86.1M	$170.7M	$150.7M	$40.6M
Expenditures for property, plant and equipment	($62.5M)	($47.8M)	($35.4M)	($28.8M)
Purchase of noncontrolling interest	$0	$0	($3.2M)	—
Business acquisitions, net of cash acquired	$2.6M	$2.2M	—	($8.4M)
Proceeds from sale of assets	$2.4M	$1.8M	$1.9M	$1.3M
Proceeds from Sales of Business, Affiliate and Productive Assets	$0	$600.0K	$1.1M	—
Net cash used for investing activities	($62.7M)	($47.6M)	($34.5M)	($35.4M)
Additions to long-term debt	$148.4M	$168.9M	$138.8M	$135.0M
Reductions of long-term debt	($171.1M)	($198.5M)	($161.1M)	($97.6M)
Net additions (reductions) to revolving credit agreements	$55.2M	($31.2M)	($53.7M)	($26.3M)
Cash dividends paid	($25.4M)	($24.0M)	($22.3M)	($21.8M)
Payments of Ordinary Dividends, Noncontrolling Interest	($1.3M)	($1.3M)	($1.3M)	($200.0K)
Financing fees paid	($2.1M)	$0	($800.0K)	$0
Payments for Repurchase of Common Stock	($4.5M)	($14.0M)	—	—
Other financing activities	$0	$0	($100.0K)	$0
Net cash provided by (used for) financing activities	($800.0K)	($100.1M)	($100.5M)	($10.9M)
Increase (decrease) for the year	$26.6M	$17.8M	$19.8M	($6.5M)
Balance at the beginning of the year	$96.6M	$78.8M	$59.0M	$65.5M
Balance at the end of the year	$123.2M	$96.6M	$78.8M	$59.0M
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation	$4.0M	($5.2M)	$4.1M	($800.0K)

Hyster-Yale Materials Handling Inc. cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net Income (Loss)	($61.6M)	($30.3M)	($6.4M)	($4.7M)
Depreciation and amortization	$22.2M	$11.3M	$34.1M	$22.8M
Amortization of deferred financing fees	$600.0K	$300.0K	$1.1M	$800.0K
Deferred income taxes	$3.4M	($300.0K)	$300.0K	$1.1M
Stock-based compensation	$5.8M	$4.4M	$8.3M	$6.2M
Dividends from unconsolidated affiliates	$9.1M	$9.1M	$7.9M	$8.0M
Other	($25.9M)	($14.3M)	$5.8M	$8.2M
Accounts receivable	$14.5M	$20.0M	($9.9M)	$7.2M
Inventories	$7.3M	($8.5M)	$49.8M	$11.6M
Other current assets	($5.6M)	($14.0M)	$3.0M	$1.8M
Accounts payable	$23.1M	$10.9M	($3.7M)	($7.8M)
Other current liabilities	($12.4M)	($23.1M)	($77.6M)	($78.6M)
Net cash provided by (used for) operating activities	($16.2M)	($32.9M)	$29.6M	($7.5M)
Expenditures for property, plant and equipment	($24.5M)	($9.8M)	($38.9M)	($24.4M)
Proceeds from the sale of assets	$1.0M	$500.0K	$1.7M	$1.4M
Payments to Acquire Businesses, Net of Cash Acquired	$0	—	$2.6M	$2.6M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	($23.5M)	($9.3M)	($39.8M)	($25.6M)
Additions to long-term debt	$94.6M	$46.3M	$111.6M	$61.8M
Reductions of long-term debt	($79.1M)	($36.5M)	($123.2M)	($80.9M)
Net change to revolving credit agreements	($10.5M)	($1.4M)	$20.0M	$39.2M
Cash dividends paid	($13.0M)	($6.4M)	($18.9M)	($12.6M)
Proceeds from (Payments to) Noncontrolling Interests	$1.3M	—	—	—
Payments for Repurchase of Common Stock	($700.0K)	($700.0K)	($4.5M)	($4.4M)
Payments of Financing Costs	$0	—	($2.1M)	($2.1M)
Net cash provided by (used for) financing activities	($10.0M)	$1.3M	($18.4M)	($300.0K)
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation	($900.0K)	($500.0K)	$3.1M	$3.7M
Decrease for the period	($50.6M)	($41.4M)	($25.5M)	($29.7M)
Cash	$72.6M	$81.8M	$71.1M	$66.9M
Restructuring Charges	$3.3M	$1.6M	$16.9M	$15.9M

Hyster-Yale Materials Handling Inc. score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.