Hyster-Yale, Inc. Class A (HY)

Over the past six months, Hyster-Yale's stock has declined by 20.05%. In Q2 2025, the company reported a decline in bookings and revenues due to softer demand and tariff-driven cost increases. In Q3 2025, Hyster-Yale reported adjusted EPS that beat analyst estimates, but lift truck segment revenue declined, and the company faced increased competition and cost pressures. Hyster-Yale announced a global restructuring plan amid weak industry demand, including a workforce reduction. The company declared a $0.36 dividend in August and November 2025. Hyster-Yale announced plans to fulfill domestic manufacturing requirements for electric container handling and forklift equipment.

Demand for Hyster-Yale's products and services is closely tied to real economic behavior, capital spending decisions, and global trade. The company's performance is sensitive to business confidence. The global lift truck market experienced a moderate decline in Q3 2024, with the rate of year-over-year market bookings decrease accelerating. The company anticipates a slight improvement in the global lift truck market from depressed 2024 levels in 2025. The demand for forklifts and warehouse trucks can be cyclical, with customers often deferring replacement decisions during economic uncertainties.

Hyster-Yale, Inc. is a global company that designs, engineers, manufactures, sells, and services lift trucks, attachments, and aftermarket parts, operating primarily in the material handling sector. The company's major products are marketed under the Hyster and Yale brands, offering a full line of industrial lift trucks and warehouse equipment. The Bolzoni Group subsidiary produces attachments, forks, and lift tables. Nuvera Fuel Cells, LLC focuses on fuel cell stacks and engines for industrial and commercial applications.

Hyster-Yale, Inc. has a significant global presence across five continents with engineering centers, production facilities, and distribution channels. The company has an extensive footprint in the U.S. with 10 locations, including three manufacturing facilities. Key manufacturing and development centers are located across North America, Europe, and Asia. Assembly sites are strategically aligned with regional demand to efficiently supply equipment to international markets.

Hyster and Yale brands have a long-standing recognition for durability and innovative milestones in the material handling industry. The company is dedicated to delivering industry-leading standards in design, durability, and performance. Hyster-Yale is also focused on sustainability initiatives, expanding its portfolio of electric and hydrogen-powered lift trucks, and digital fleet management solutions. The company's commitment to the "Build America, Buy America" Act could positively impact its reputation.

Hyster-Yale, Inc. operates with a dual-class share structure, where Class B shares typically carry superior voting rights. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Gamco Investors, Inc. Institutional investors collectively own approximately 48.36% of Hyster-Yale's shares, while insiders hold 5.94% of the stock. Diahn Taplin is noted as the largest individual shareholder.