The lift truck maker narrowed its operating loss to $18 million and posted positive $17 million operating cash flow in Q2.
Hyster-Yale reported a 17% sequential increase in Q2 bookings to $680 million, while revenue rose 2% to $813 million. The company narrowed its operating loss to $18 million and improved operating cash flow by $50 million to $17 million.
Bookings more than doubled year-over-year, marking the fourth consecutive quarter of growth. However, tariffs and delivery timing shifts are expected to delay some revenue into Q4, pushing a full recovery to late 2026. The company still anticipates a moderate operating loss for the full year.
Cost initiatives, including restructuring and sourcing changes, are projected to drive significant savings, with trailing 12-month EBITDA expected to exceed pre-COVID levels by the second half of 2027.