HYSTER-YALE, INC.

Listed Company

HYCIK 0001173514NYSEAcceleratedIndustrial Trucks, Tractors, Trailors & StackersDelawareFY ends Dec 31

Period

FY 2025

Revenue

$3.77B

Net Income

$-60.10M

Total Assets

$2.02B

Equity

$472.00M

Shares Out

Op. Cash Flow

$86.10M

Business

HYSTER-YALE, INC. is a globally integrated materials handling company that designs, engineers, manufactures, sells and services lift trucks and related solutions. It offers a full line of Hyster® and Yale® lift trucks, attachments, aftermarket parts, telematics, automation and fleet management services, and hydrogen fuel cell power products. The company operates through five business segments, including three lift truck operating segments (Americas, EMEA and JAPIC) as well as Bolzoni (attachments) and Nuvera (fuel-cell technology). Products are marketed worldwide primarily through independent, exclusive dealers and a direct sales program to major customers.

Summary from filing dated 2025-02-25

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	3,769	4,308	4,118	3,548	3,076
Cost of Product and Service Sold	3,137	3,413	3,333	3,114	2,712
Gross Profit	633	896	786	434	363
Selling, general and administrative expenses	617	628	577	473	450
Restructuring Charges	38	23	0	0	—
Asset Impairment Charges	7	7	0	0	66
Restructuring Costs and Asset Impairment Charges	38	—	—	—	—
Operating Expenses	655	651	577	473	516
Operating Profit	−22	245	209	−39	−152
Interest Expense, Operating and Nonoperating	31	34	37	28	16
Income from unconsolidated affiliates	−10	−6	−10	−11	−12
Other, net	0	−3	200,000	6	−1
Other (Income) Expense	21	26	28	23	3
Income Before Income Taxes	−43	219	181	−62	−155
Income tax provision	15	75	53	9	28
Net Income	−58	144	128	−72	−183
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest	300,000	700,000	600,000	2	−10
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest	−900,000	−300,000	−700,000	−500,000	0
Accrued dividend to redeemable noncontrolling interests	−900,000	−900,000	−900,000	−500,000	0
Net income attributable to stockholders	−60	142	126	−74	−173
Basic Earnings per Share	−3.4	8.16	7.35	−4.38	−10.29
Diluted earnings per share	−3.4	8.04	7.24	−4.38	−10.29
Payments for Restructuring	−9	−400,000	—	—	—
Restructuring Reserve, Period Increase (Decrease)	26	13	—	—	—
Service parts as percentage of revenue	0.16	0.14	0.15	—	—
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	100,000	—	—	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	123	97	79	59	66
Accounts receivable, net	490	488	498	524	457
Inventories, net	634	754	816	800	781
Prepaid expenses and other	100	94	98	77	46
Total Current Assets	1,347	1,433	1,490	1,459	1,350
Property, Plant and Equipment, Net	329	307	314	310	331
Intangible Assets	32	33	39	43	51
Goodwill	56	55	53	51	57
Deferred Income Tax Assets, Net	7	7	3	3	4
Investment in Unconsolidated Affiliates	58	56	57	59	72
Other Non-current Assets	192	139	123	102	107
Total Assets	2,021	2,029	2,079	2,026	1,970
Operating Lease, Right-of-Use Asset	141	96	75	57	69
Finance Lease, Right-of-Use Asset	31	32	40	37	28
Total Right of Use Asset	172	128	115	94	97
Operating Lease, Liability, Current	20	16	16	14	17
Finance Lease, Liability, Current	8	11	14	13	10
Operating Lease, Liability, Noncurrent	128	85	62	46	56
Finance Lease, Liability, Noncurrent	13	12	14	17	18
Total Lease Liability	169	125	105	90	101
Accounts payable	396	448	524	586	517
Revolving credit facilities	110	54	83	137	165
Current portion of borrowings outstanding	133	145	169	149	92
Accrued payroll	101	106	87	64	57
Deferred revenue	47	57	78	140	50
Other current liabilities	211	241	270	245	200
Long-term portion of borrowings outstanding	252	242	241	267	262
Total Current Liabilities	1,002	1,058	1,219	1,343	1,105
Long-term Debt	—	242	241	267	262
Self-insurance Liabilities	43	38	51	34	34
Deferred Income Taxes	8	8	13	13	13
Other Long-term Liabilities	224	189	149	138	169
Total Liabilities	1,528	1,535	1,672	1,801	1,587
Capital in excess of par value	355	351	328	298	315
Treasury Stock, Value	14	14	0	0	−5
Retained earnings	289	375	256	153	249
Accumulated other comprehensive loss	−158	−237	−194	−246	−202
Total Stockholders' Equity	472	475	390	204	357
Noncontrolling Interest	4	4	2	7	26
Total Equity	476	479	392	211	383
Total Liabilities and Equity	2,021	2,029	2,079	2,026	1,970
Redeemable Noncontrolling Interest, Equity, Carrying Amount	16	15	15	14	0

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	46	48	45	43	46
Amortization of deferred financing costs	1	2	1	1	3
Deferred income taxes	−2	−8	−1	−100,000	20
Impairment of Long-Lived Assets Held-for-use	—	23	0	0	10
Stock-based compensation	8	24	29	6	4
Dividends from unconsolidated affiliates	8	4	11	16	6
Other non-current liabilities	6	14	15	−20	−1
Other	11	19	21	26	−32
Accounts receivable	25	−14	27	−90	−55
Inventories	157	35	−4	−39	−290
Other current assets	4	3	−8	−5	−13
Accounts payable	−80	−56	−81	79	130
Other liabilities	−79	−66	−31	95	47
Net cash provided by operating activities	86	171	151	41	−254
Expenditures for property, plant and equipment	−63	−48	−35	−29	−44
Purchase of noncontrolling interest	0	0	−3	−8	—
Business acquisitions, net of cash acquired	3	2	0	0	0
Proceeds from sale of assets	2	2	2	1	4
Proceeds from Sales of Business, Affiliate and Productive Assets	0	600,000	1	0	0
Proceeds from Sale of Debt Securities, Available-for-sale	—	0	1	500,000	16
Net cash used for investing activities	−63	−48	−35	−35	−25
Additions to long-term debt	148	169	139	135	120
Reductions of long-term debt	−171	−199	−161	−98	−62
Net additions (reductions) to revolving credit agreements	55	−31	−54	−26	165
Cash dividends paid	−25	−24	−22	−22	−22
Payments of Ordinary Dividends, Noncontrolling Interest	−1	−1	−1	−200,000	−200,000
Financing fees paid	−2	0	−800,000	0	−8
Payments for Repurchase of Common Stock	−5	−14	0	0	—
Other financing activities	0	0	−100,000	0	0
Net cash provided by (used for) financing activities	−800,000	−100	−101	−11	194
Increase (decrease) for the year	27	18	20	−7	−86
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation	4	−5	4	−800,000	−2

Filings

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