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Hyster-Yale Sees Sequential Gains Amidst Tariff Headwinds
13 Aug
Summary
- Bookings and revenue improved sequentially in the second quarter.
- Company achieved positive operating cash flow compared to Q1.
- A $35 million tariff refund was largely offset by costs.
Hyster-Yale Materials Handling announced a second quarter of sequential improvement on August 13, 2026. Both bookings and revenue demonstrated positive trends compared to the previous quarter. Management attributed this progress to increased demand for lift trucks and effective working capital management.
The company reported positive operating cash flow for the quarter, a notable shift from the first quarter of 2026. Despite ongoing challenges from tariffs and lower market volumes, Hyster-Yale's performance moved in the right direction. A significant $35 million tariff refund was received, though its impact was largely negated by increased material and tariff costs.
Financial highlights for Q2 CY2026 included revenue of $812.9 million, surpassing analyst estimates of $804.6 million. The adjusted Earnings Per Share (EPS) was -$1.64, a better-than-expected result compared to the estimated -$2.05. The adjusted EBITDA margin stood at -0.8% for the period.
