$HY

HYSTER-YALE MATERIALS HANDLING, INC.

CIK:0001173514|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenues	$ 812.9	$ 956.6	$ 1,608.1	$ 1,867.0
Cost of sales	685.3	788.4	1,355.7	1,521.1
Gross Profit	127.6	168.2	252.4	345.9
Operating Expenses
Selling, general and administrative expenses	144.3	161.0	295.5	317.2
Restructuring Charges	1.7	15.7	3.3	15.9
Payments for Restructuring			(11.9)
Operating Profit	(18.4)	(8.5)	(46.4)	12.8
Other (income) expense
Interest expense	7.8	7.9	15.0	15.6
Income from unconsolidated affiliates	(2.7)	(2.7)	(6.0)	(5.6)
Other	(0.3)	(0.5)	(0.1)	(0.8)
Other (income) expense	4.8	4.7	8.9	9.2
Income Before Income Taxes	(23.2)	(13.2)	(55.3)	3.6
Income Tax Expense (Benefit)	8.1	0.2	6.3	8.3
Net Income (Loss)	(31.3)	(13.4)	(61.6)	(4.7)
Net (income) loss attributable to noncontrolling interest	0.1	(0.2)	0.1	(0.2)
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	(0.1)	0.0	(0.1)	0.1
Accrued dividend to redeemable noncontrolling interests	0.3	0.3	0.5	0.5
Net Income Attributable to Stockholders	$ (31.6)	$ (13.9)	$ (62.1)	$ (5.3)
Basic Earnings per Share	$ (1.76)	$ (0.79)	$ (3.48)	$ (0.30)
Diluted Earnings per Share	(1.76)	(0.79)	(3.48)	(0.30)
Dividends per Share	$ 0.3650	$ 0.3600	$ 0.7250	$ 0.7100
Basic Weighted Average Shares Outstanding	17,912	17,705	17,862	17,621
Diluted Weighted Average Shares Outstanding	17,912	17,705	17,862	17,621
Restructuring and Related Cost, Expected Cost	$ 6.0		$ 6.0

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net Income (Loss)	$ (61.6)	$ (4.7)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization	22.2	22.8
Amortization of deferred financing fees	0.6	0.8
Deferred income taxes	3.4	1.1
Stock-based compensation	5.8	6.2
Dividends from unconsolidated affiliates	9.1	8.0
Other	(25.9)	8.2
Working capital changes:
Accounts receivable	14.5	7.2
Inventories	7.3	11.6
Other current assets	(5.6)	1.8
Accounts payable	23.1	(7.8)
Other current liabilities	(12.4)	(78.6)
Net cash provided by (used for) operating activities	(16.2)	(7.5)
Investing Activities
Expenditures for property, plant and equipment	(24.5)	(24.4)
Proceeds from the sale of assets	1.0	1.4
Payments to Acquire Businesses, Net of Cash Acquired	0.0	2.6
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	(23.5)	(25.6)
Financing Activities
Additions to long-term debt	94.6	61.8
Reductions of long-term debt	(79.1)	(80.9)
Net change to revolving credit agreements	(10.5)	39.2
Cash dividends paid	(13.0)	(12.6)
Proceeds from (Payments to) Noncontrolling Interests	1.3	1.3
Payments for Repurchase of Common Stock	(0.7)	(4.4)
Payments of Financing Costs	0.0	2.1
Net cash provided by (used for) financing activities	(10.0)	(0.3)
Cash and Cash Equivalents
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation	(0.9)	3.7
Decrease for the period	(50.6)	(29.7)
Cash	72.6	66.9
Restructuring Charges	$ 3.3	$ 15.9

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 72.6	$ 123.2
Accounts receivable, net	484.8	489.6
Inventories, net	627.5	634.3
Prepaid expenses and other	91.9	99.9
Total Current Assets	1,276.8	1,347.0
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization	326.8	329.0
Intangible Assets	30.3	32.3
Goodwill	55.5	55.7
Deferred Income Tax Assets, Net	3.5	6.8
Investment in Unconsolidated Affiliates	53.2	58.2
Other Non-current Assets	182.1	191.6
Total Assets	1,928.2	2,020.6
Current Liabilities
Accounts payable	414.3	396.1
Revolving credit facilities	98.6	109.6
Current maturities of long-term debt	142.2	132.8
Accrued payroll	69.1	100.7
Deferred revenue	49.0	47.0
Other current liabilities	217.3	210.5
Total Current Liabilities	999.6	1,001.8
Long-term Debt	259.2	251.9
Self-insurance Liabilities	43.5	42.8
Deferred Income Tax Liabilities, Net	7.7	8.2
Other Long-term Liabilities	208.2	223.5
Total Liabilities	1,518.2	1,528.2
Redeemable Noncontrolling Interest, Equity, Carrying Amount	16.1	16.1
Common stock:
Capital in excess of par value	348.4	354.7
Treasury stock	(3.0)	(14.4)
Retained earnings	214.0	289.1
Accumulated other comprehensive loss	(169.6)	(157.6)
Total Stockholders' Equity	390.0	472.0
Noncontrolling Interest	3.9	4.3
Total Equity	393.9	476.3
Total Liabilities and Equity	1,928.2	2,020.6
Equity Method Investment, Nonconsolidated Investee or Group of Investees
Current Liabilities
Accounts payable	9.1	5.1
Common Class A [Member]
Common stock:
Common stock	$ 0.1	$ 0.1
Class A Common stock, par value	$ 0.01
Class A Common stock, shares outstanding	14,473,532	14,283,983
Common Class B [Member]
Common stock:
Common stock	$ 0.1	$ 0.1
Class A Common stock, par value	$ 0.01
Class A Common stock, shares outstanding	3,442,370	3,449,811