Hyster-Yale Materials Hand

Hyster Yale reported an adjusted loss of $1.64 per share for Q2 2026 on revenue of $812.9 million, both below expectations. At the same time, orders rose to $680 million, the highest quarterly level in three years, and operating cash flow was positive at $17 million. Management expects a modest operating loss for 2026 but sees improvement in the second half and cited delivery postponements due to tariff-related production adjustments. Investors reacted positively: the stock rose about 11.7% in after-hours trading. » Altro su de.investing.com

At the annual general meeting, shareholders elected 15 members to the board of directors, approved the executives' compensation in a non-binding vote and confirmed Ernst & Young LLP as the independent auditor. Also approved was a revised equity compensation plan for non-employee board members. Hyster-Yale's stock has risen by more than 30% over the past six months, despite the company missing analysts' expectations for earnings per share in the first quarter of 2026. » Altro su de.investing.com

S&P Global Ratings has changed Hyster-Yale’s outlook from "stable" to "negative" and affirmed the issuer rating at B after leverage rose to 8.1x in 2025 and is expected to remain at least one to two quarters above the critical 5x threshold. Adjusted EBITDA margin fell from 8.4% (2024) to 2.2% (2025), and revenue declined 12.5% in 2025 to USD 3.7 billion. S&P forecasts a slight market improvement in 2026 along with cost-reduction measures and operational initiatives that should raise the adjusted EBITDA margin to about 3.6% and reduce leverage to roughly 4.3x by year-end. Despite the operational issues, free operating cash flow remained positive in 2025; a further but moderate increase is expected in 2026. » Altro su de.investing.com