Hyster Yale (HY)
Market Price (12/27/2025): $31.08 | Market Cap: $550.6 MilSector: Industrials | Industry: Agricultural & Farm Machinery
Hyster Yale (HY)
Market Price (12/27/2025): $31.08Market Cap: $550.6 MilSector: IndustrialsIndustry: Agricultural & Farm Machinery
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.0%, Dividend Yield is 4.6%, FCF Yield is 9.7% | Weak multi-year price returns2Y Excs Rtn is -91%, 3Y Excs Rtn is -58% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 72% |
| Low stock price volatilityVol 12M is 44% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 203x | |
| Megatrend and thematic driversMegatrends include Automation & Robotics, E-commerce Logistics & Data Centers, and Hydrogen Economy. Themes include Process / Warehouse Automation, Show more. | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.3%, Rev Chg QQuarterly Revenue Change % is -3.6% | |
| Key risksHY key risks include [1] significant financial impact from persistent tariff costs and [2] intense margin pressure from low-cost foreign competitors in specific market segments. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.0%, Dividend Yield is 4.6%, FCF Yield is 9.7% |
| Low stock price volatilityVol 12M is 44% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, E-commerce Logistics & Data Centers, and Hydrogen Economy. Themes include Process / Warehouse Automation, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -91%, 3Y Excs Rtn is -58% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 72% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 203x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -8.3%, Rev Chg QQuarterly Revenue Change % is -3.6% |
| Key risksHY key risks include [1] significant financial impact from persistent tariff costs and [2] intense margin pressure from low-cost foreign competitors in specific market segments. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Hyster-Yale (HY) experienced a notable stock price movement from approximately August 31, 2025, to December 27, 2025, with several key factors contributing to a decline in its value.
<br><br><b>1. Weak Third Quarter 2025 Financial Performance.</b> Hyster-Yale announced its Third Quarter 2025 results on November 4, 2025, reporting a 4% year-over-year decline in consolidated revenues to $979 million and a significant drop in operating profit. The company also recorded a net loss of $2.3 million attributable to stockholders, with a diluted EPS of $(0.13). This performance was primarily attributed to higher tariffs and lower truck volumes.
<br><br><b>2. Negative Outlook for Fourth Quarter 2025 and Early 2026.</b> Following its Q3 2025 earnings, Hyster-Yale projected a moderate operating loss for the Fourth Quarter 2025, citing persistent tariff headwinds and reduced production rates. Furthermore, the company anticipated that demand and margin pressures would continue into early 2026, signaling a challenging near-term future.
<br><br><b>3. Announcement of Cost Reduction and Restructuring Plan.</b> On November 19, 2025, Hyster-Yale revealed a global restructuring initiative aimed at aligning costs with weak industry volumes. The plan included a workforce reduction of approximately 575 employees and an expected one-time pre-tax charge of about $21 million in Q4 2025. This news led to a 3.04% decline in HY's stock price on the day it was published.
<br><br><b>4. Ongoing Impact of Tariffs and Lower Industry Volumes.</b> Throughout the period, Hyster-Yale faced substantial cost pressures due to tariffs and a general weakening of industry booking rates, which negatively impacted both revenues and operating profit. These external factors contributed to a challenging operating environment for the company.
<br><br><b>5. Declining Bookings and Backlog.</b> The company experienced significant booking declines in Q2 2025, mainly due to tariff uncertainty, and while Q3 2025 saw sequential improvements in bookings, the overall backlog decreased as shipments outpaced new orders. This trend indicated a struggle to maintain consistent demand and order volumes.
Show moreStock Movement Drivers
Fundamental Drivers
The -15.5% change in HY stock from 9/26/2025 to 12/26/2025 was primarily driven by a -87.7% change in the company's Net Income Margin (%).| 9262025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 36.68 | 31.00 | -15.49% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3950.60 | 3913.60 | -0.94% |
| Net Income Margin (%) | 0.56% | 0.07% | -87.72% |
| P/E Multiple | 29.25 | 203.42 | 595.37% |
| Shares Outstanding (Mil) | 17.70 | 17.72 | -0.07% |
| Cumulative Contribution | -15.49% |
Market Drivers
9/26/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| HY | -15.5% | |
| Market (SPY) | 4.3% | 31.8% |
| Sector (XLI) | 3.0% | 52.4% |
Fundamental Drivers
The -21.1% change in HY stock from 6/27/2025 to 12/26/2025 was primarily driven by a -97.1% change in the company's Net Income Margin (%).| 6272025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 39.27 | 31.00 | -21.06% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4162.10 | 3913.60 | -5.97% |
| Net Income Margin (%) | 2.39% | 0.07% | -97.11% |
| P/E Multiple | 6.94 | 203.42 | 2832.70% |
| Shares Outstanding (Mil) | 17.56 | 17.72 | -0.92% |
| Cumulative Contribution | -21.07% |
Market Drivers
6/27/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| HY | -21.1% | |
| Market (SPY) | 12.6% | 30.7% |
| Sector (XLI) | 7.5% | 53.3% |
Fundamental Drivers
The -36.7% change in HY stock from 12/26/2024 to 12/26/2025 was primarily driven by a -98.1% change in the company's Net Income Margin (%).| 12262024 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 48.99 | 31.00 | -36.72% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 4267.90 | 3913.60 | -8.30% |
| Net Income Margin (%) | 3.68% | 0.07% | -98.13% |
| P/E Multiple | 5.45 | 203.42 | 3629.80% |
| Shares Outstanding (Mil) | 17.50 | 17.72 | -1.24% |
| Cumulative Contribution | -36.73% |
Market Drivers
12/26/2024 to 12/26/2025| Return | Correlation | |
|---|---|---|
| HY | -36.7% | |
| Market (SPY) | 15.8% | 44.4% |
| Sector (XLI) | 18.3% | 55.5% |
Fundamental Drivers
The 32.0% change in HY stock from 12/27/2022 to 12/26/2025 was primarily driven by a 19.8% change in the company's P/S Multiple.| 12272022 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 23.48 | 31.00 | 32.00% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 3392.80 | 3913.60 | 15.35% |
| P/S Multiple | 0.12 | 0.14 | 19.83% |
| Shares Outstanding (Mil) | 16.92 | 17.72 | -4.71% |
| Cumulative Contribution | 31.71% |
Market Drivers
12/27/2023 to 12/26/2025| Return | Correlation | |
|---|---|---|
| HY | -46.9% | |
| Market (SPY) | 48.0% | 36.9% |
| Sector (XLI) | 41.3% | 46.6% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HY Return | 4% | -29% | -36% | 153% | -16% | -37% | -37% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| HY Win Rate | 42% | 25% | 42% | 58% | 42% | 33% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| HY Max Drawdown | -46% | -38% | -46% | 0% | -18% | -47% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | HY | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -78.7% | -25.4% |
| % Gain to Breakeven | 369.5% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -48.8% | -33.9% |
| % Gain to Breakeven | 95.2% | 51.3% |
| Time to Breakeven | 238 days | 148 days |
| 2018 Correction | ||
| % Loss | -50.8% | -19.8% |
| % Gain to Breakeven | 103.3% | 24.7% |
| Time to Breakeven | 608 days | 120 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Hyster Yale's stock fell -78.7% during the 2022 Inflation Shock from a high on 2/16/2021. A -78.7% loss requires a 369.5% gain to breakeven.
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AI Analysis | Feedback
Here are two analogies to describe Hyster Yale (HY):
- The Caterpillar of the material handling industry.
- Ford or GM for forklifts.
AI Analysis | Feedback
- Lift Trucks (Forklifts): Industrial vehicles designed to lift, stack, and transport materials over short distances, extensively used in warehouses, manufacturing, and logistics.
- Aftermarket Parts & Services: A comprehensive range of replacement parts, attachments, and maintenance services for their various lines of material handling equipment.
- Fuel Cell Power Solutions (Nuvera®): Environmentally friendly hydrogen fuel cell engines and related power systems primarily for industrial vehicles and commercial applications.
AI Analysis | Feedback
Hyster-Yale (symbol: HY) primarily sells to other companies (B2B).
Its direct customers are its global network of independent dealers. These dealers, typically regional and privately owned businesses, purchase material handling equipment, parts, and services directly from Hyster-Yale. They then sell or rent these products and provide support services to end-user businesses in their respective territories.
Due to this distribution model, Hyster-Yale does not typically have major direct customer relationships with a few large, publicly traded companies that would be named as primary purchasers. Instead, its revenue is derived from sales to its numerous independent dealers worldwide.
While these are not direct customers of Hyster-Yale, the ultimate users of Hyster-Yale's products (such as lift trucks and material handling solutions) represent the key customer categories for the company's products. These include:
- Warehousing and Distribution Centers: Companies involved in the storage, logistics, and material handling of various goods. This encompasses operations from e-commerce fulfillment and general warehousing to specialized cold storage and bulk material handling facilities.
- Manufacturing and Industrial Operations: Businesses across a broad range of manufacturing sectors that require robust material handling equipment for moving raw materials, work-in-process, and finished goods within their production facilities and supply chains.
- Retail and Food & Beverage: Large retail chains, grocery stores, and companies involved in food and beverage production, processing, and distribution. These businesses utilize Hyster-Yale equipment for inventory management, stocking, and optimizing logistics within their extensive supply networks.
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Alfred M. Rankin, Jr. Executive Chairman of the Board
Mr. Rankin became Executive Chairman of the Board of Hyster-Yale, Inc. in May 2023. Previously, from February 2021, he served as Chairman and Chief Executive Officer of Hyster-Yale. Since September 2012, when Hyster-Yale was spun off as an independent company by NACCO Industries, Inc., Mr. Rankin was Chairman, President, and Chief Executive Officer of Hyster-Yale. He joined NACCO as President and Chief Operating Officer in April 1989, becoming President and Chief Executive Officer in May 1991, and Chairman, President, and Chief Executive Officer in May 1994. Before joining NACCO, he was Vice Chairman, Chief Operating Officer, and a Director of Eaton Corporation for fifteen years, and prior to that, he worked for McKinsey and Company, a management consulting firm. He is currently Non-Executive Chairman of the Board of NACCO Industries, Inc. and Hamilton Beach Brands Holding Company. Mr. Rankin is also a director of Hyster-Yale, Inc., NACCO Industries, Inc., Hamilton Beach Brands Holding Company, and the National Association of Manufacturers, and was a former lead director of The Vanguard Group and Goodrich Corporation.
Rajiv K. Prasad President and Chief Executive Officer
Mr. Prasad has served as the President and Chief Executive Officer of Hyster-Yale, Inc. since May 2023. Prior to this, he was President of Hyster-Yale from February 2021. Before that, Mr. Prasad held the position of President and Chief Executive Officer of Hyster-Yale Materials Handling, where he was responsible for providing strategic vision and global leadership for the forklift and materials handling business.
Scott Minder Senior Vice President, Chief Financial Officer and Treasurer
Mr. Minder was appointed Senior Vice President, Chief Financial Officer and Treasurer of Hyster-Yale, Inc. effective August 29, 2022. In this role, he oversees the company's finance, investor relations, tax, and treasury functions. Before joining Hyster-Yale, Mr. Minder served as Vice President – Treasurer and Investor Relations of ATI Inc. from June 2018. Prior to ATI, he held various financial roles at PPG Industries from 2009 to 2017, including Director, Investor Relations, Global Business Controller – Industrial Coatings, Packaging Coatings, and CFO-Automotive OEM Coatings. He holds a Bachelor of Science degree in Management from Kettering University and a Master of Business Administration from Duke University.
Anthony J. Salgado President and Chief Executive Officer, Hyster-Yale Materials Handling
Mr. Salgado became President and Chief Executive Officer of Hyster-Yale Materials Handling in January 2025. In this role, he is responsible for the overall performance and global growth strategy of the company's lift truck business. Mr. Salgado has over 28 years of experience in the materials handling industry. He earned a Bachelor of Science degree in Management from Kettering University and a Master of Business Administration from Duke University.
Suzanne S. Taylor Senior Vice President, General Counsel and Secretary
Ms. Taylor serves as the Senior Vice President, General Counsel and Secretary for Hyster-Yale, Inc.
AI Analysis | Feedback
Hyster-Yale (HY) faces several significant risks to its business operations and financial performance.1. Volatile Economic and Market Conditions
The lift truck business is cyclical, making Hyster-Yale highly susceptible to downturns in the general economy. Market demand has been volatile and below expectations, leading to customers postponing capital expenditures and taking a more conservative approach to balance sheet management. This has resulted in declining backlogs, lower production rates, and significant decreases in the company's revenue and profitability. These softening demand conditions have been a primary drag on performance, with the company reporting revenue declines and operating losses.
2. Persistent Tariff Headwinds and Geopolitical Shifts
Hyster-Yale continues to experience significant financial impact from ongoing tariff costs, with direct costs reaching $40 million in Q3 2025. There is also considerable uncertainty surrounding future tariff policies and their effects on sourcing, pricing, and customer demand. These tariff challenges, combined with broader geopolitical shifts, influence long-term investment decisions by customers and escalate material costs, which the company has had less ability to offset through pricing.
3. Intense Competitive Pressure
The company faces substantial competitive pressure, particularly from low-cost foreign manufacturers. This competition is especially acute in specific segments, such as the Class 5 segment in South America and Europe, where it compresses margins. The overall competitive landscape, including the presence of substitute products, poses a continuous risk to Hyster-Yale's market share, pricing power, and profitability.
AI Analysis | Feedback
The rapid advancement and increasing adoption of Autonomous Mobile Robots (AMRs) and Automated Guided Vehicles (AGVs) across warehousing, logistics, and manufacturing environments. These technologies offer automated material handling solutions that can perform many repetitive tasks traditionally handled by human-operated forklifts, often with benefits such as reduced labor costs, increased safety, and 24/7 operation. While Hyster Yale has its own robotic offerings, the proliferation of specialized AMR/AGV companies and the growing market preference for these integrated automation solutions pose a significant disruptive challenge to the demand for traditional lift trucks and could lead to a substantial shift in market share.AI Analysis | Feedback
Hyster-Yale (symbol: HY) operates primarily within the global material handling equipment and forklift truck markets. The addressable market sizes for their main products and services are as follows:
-
Lift Trucks/Forklifts:
- Global: The global forklift market was valued at approximately USD 81.8 billion in 2024 and is projected to reach USD 137.9 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 5.6% between 2025 and 2034. Other estimates place the global forklift truck market at USD 68.1 billion in 2024, expecting it to reach USD 97.8 billion by 2033 with a CAGR of 4.1% during 2025-2033.
- North America: The North America forklift market was estimated at USD 12.4 billion in 2024 and is expected to grow to USD 25.4 billion by 2034, at a CAGR of 7.6%. The United States contributed significantly to this market, generating revenue of USD 9.9 billion in 2024.
-
Material Handling Equipment (broader market, includes lift trucks):
- Global: The global material handling equipment market was valued at USD 239.3 billion in 2024 and is projected to grow to USD 390.88 billion by 2032, with a CAGR of 6.4%. Another source indicates the market size at USD 259.44 billion in 2025, expected to reach USD 445.81 billion by 2034, expanding at a CAGR of 6.2%.
- Asia Pacific: This region accounted for approximately USD 107.49 billion of the material handling equipment market in 2024.
- Aftermarket parts: null
- Attachments, forks, and lift tables: null
- Hydrogen fuel cell power products: null
- Telematics, automation, and other services: null
AI Analysis | Feedback
Hyster-Yale (HY) is poised for future revenue growth over the next 2-3 years, driven by several key strategic initiatives and market dynamics, despite facing near-term headwinds. The expected drivers include:Expanded Product Portfolio and Advanced Technology Solutions
Hyster-Yale anticipates revenue growth through the continuous expansion of its product portfolio with advanced technology. This includes the introduction of new modular and automated products, alongside a strong focus on warehouse lift trucks and vehicle automation. A significant driver within this category is the comprehensive energy solutions program, encompassing the acceleration of lithium-ion battery sales and the launch of new fuel cell and charging solutions, such as the HydroCharge™ product, expected to gain traction from mid-2025 onwards. Furthermore, Hyster-Yale's commitment to meeting "Build America, Buy America" requirements for electric container handling and forklift equipment signifies a strategic move to capture revenue from federally funded infrastructure projects by offering compliant, high-capacity electric options.Market Share Gains through Targeted Commercial Initiatives
The company aims to increase its revenue by gaining market share in key regions, particularly in the Americas and EMEA. This will be supported by targeted commercial initiatives designed to thoroughly understand customer applications and offer optimal solutions, leading to improved productivity and lower cost of ownership for clients. Evidence of early success in this area includes increased attachment and fork sales in the Americas due to these initiatives.Customer Fleet Modernization and Replacement Cycles
While current market conditions have led some customers to defer purchases, Hyster-Yale expects future revenue growth from the inevitable modernization and replacement cycles of aging customer fleets. The rising costs and operational inefficiencies associated with maintaining older equipment are projected to make new fleet acquisitions increasingly attractive, driving demand for Hyster-Yale's products as customer confidence returns and capital spending resumes.AI Analysis | Feedback
Share Repurchases
- Hyster-Yale's Board of Directors authorized a stock repurchase program on November 18, 2024, for up to $50 million or 1.5 million shares of Class A Common Stock, whichever comes first, expiring in November 2027.
- The company repurchased approximately $5 million of its Class A common stock in the fourth quarter of 2024.
Share Issuance
- Compensation expense related to share awards, net of tax, was $1.4 million in 2021.
- Compensation expense related to share awards, net of tax, was $0.9 million in 2022.
- Compensation expense related to share awards, net of tax, was $1.8 million in 2023.
Outbound Investments
- In December 2020, Hyster-Yale Group partnered with Capacity Trucks to jointly develop electric, hydrogen, and automation-ready terminal tractors.
- During 2024, investments were made to support strategic initiatives, including product development and customer-facing technology.
- Hyster-Yale announced plans in December 2024 to fulfill Build America, Buy America Act requirements by expanding American manufacturing for targeted high-capacity electric container handling and forklift equipment.
Capital Expenditures
- Capital expenditures were $51.7 million in 2020, $44.3 million in 2021, and $28.8 million in 2022.
- For 2023, capital expenditures were $3.3 million in Q1, $7.3 million in Q2, and $8.3 million in Q3.
- Expected capital expenditures for 2024 were $60 million, revised down from an earlier projection of $84 million, with 2025 capital expenditures projected to range between $50 million and $60 million, focused on advanced products, manufacturing efficiency, and information technology upgrades.
Latest Trefis Analyses
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|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to HY. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | CNM | Core & Main | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 18.3% | 18.3% | -1.6% |
| 11212025 | VRRM | Verra Mobility | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 5.5% | 5.5% | -1.2% |
| 11212025 | LII | Lennox International | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 7.1% | 7.1% | 0.0% |
| 11212025 | ADP | Automatic Data Processing | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 2.9% | 2.9% | -1.2% |
| 11212025 | CW | Curtiss-Wright | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | 5.7% | 5.7% | -0.4% |
Research & Analysis
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Peer Comparisons for Hyster Yale
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 54.58 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.2% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 8.3% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Mgn LTM | 12.1% |
| Op Mgn 3Y Avg | 11.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 14.6% |
| CFO/Rev 3Y Avg | 17.1% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Lift truck business | 3,921 | 3,360 | 2,897 | 2,673 | 3,124 |
| Bolzoni | 375 | 356 | 348 | 284 | 345 |
| Nuvera | 4 | 3 | 1 | 4 | 10 |
| Eliminations | -182 | -170 | -170 | -148 | -188 |
| Total | 4,118 | 3,548 | 3,076 | 2,812 | 3,292 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Lift truck business | 230 | -10 | -87 | 86 | 86 |
| Bolzoni | 15 | 6 | -2 | 1 | 5 |
| Eliminations | 0 | -1 | -1 | -1 | -0 |
| Nuvera | -36 | -34 | -62 | -36 | -36 |
| Total | 209 | -39 | -152 | 50 | 54 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Lift truck business | 2,226 | 2,157 | 2,048 | 1,875 | 1,829 |
| Bolzoni | 304 | 315 | 324 | 300 | 286 |
| Nuvera | 25 | 19 | 16 | 57 | 58 |
| Eliminations | -476 | -465 | -418 | -374 | -326 |
| Total | 2,079 | 2,026 | 1,970 | 1,859 | 1,847 |
Price Behavior
| Market Price | $31.00 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 10/01/2012 | |
| Distance from 52W High | -41.2% | |
| 50 Days | 200 Days | |
| DMA Price | $32.27 | $37.08 |
| DMA Trend | down | down |
| Distance from DMA | -3.9% | -16.4% |
| 3M | 1YR | |
| Volatility | 49.5% | 44.2% |
| Downside Capture | 200.29 | 140.43 |
| Upside Capture | 79.30 | 74.92 |
| Correlation (SPY) | 32.2% | 44.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.56 | 1.00 | 1.14 | 1.26 | 0.99 | 1.13 |
| Up Beta | 0.62 | 1.42 | 1.86 | 1.83 | 1.01 | 0.93 |
| Down Beta | -0.11 | 0.98 | 0.97 | 1.52 | 0.93 | 1.09 |
| Up Capture | -114% | -14% | 9% | 26% | 45% | 160% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 6 | 16 | 26 | 58 | 119 | 377 |
| Down Capture | 165% | 156% | 165% | 154% | 120% | 107% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 14 | 26 | 37 | 68 | 129 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of HY With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| HY | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -36.2% | 19.3% | 17.8% | 72.1% | 8.6% | 4.4% | -8.3% |
| Annualized Volatility | 44.0% | 18.8% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | -0.89 | 0.80 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 55.5% | 44.3% | -6.0% | 17.8% | 38.9% | 31.3% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of HY With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| HY | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -8.6% | 13.8% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 48.0% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | -0.02 | 0.65 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 49.5% | 41.1% | 5.0% | 16.8% | 36.4% | 15.3% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 10-Year Data
| Comparison of HY With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| HY | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -2.7% | 13.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 45.6% | 19.9% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.11 | 0.60 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 56.7% | 49.7% | -0.2% | 21.8% | 41.2% | 14.3% | |
ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2025 | -1.4% | -14.0% | -0.9% |
| 8/5/2025 | -12.4% | -12.1% | -11.2% |
| 5/6/2025 | -4.6% | 6.9% | 1.6% |
| 2/25/2025 | 2.8% | -13.9% | -12.8% |
| 11/5/2024 | -14.7% | -14.2% | -6.2% |
| 8/6/2024 | -16.4% | -15.0% | -15.0% |
| 5/7/2024 | 23.6% | 28.9% | 24.3% |
| 2/27/2024 | -16.8% | -17.8% | -9.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 9 | 8 |
| # Negative | 13 | 13 | 14 |
| Median Positive | 6.9% | 9.4% | 18.5% |
| Median Negative | -12.3% | -12.1% | -11.4% |
| Max Positive | 23.6% | 48.5% | 47.5% |
| Max Negative | -16.8% | -17.8% | -24.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11042025 | 10-Q 9/30/2025 |
| 6302025 | 8052025 | 10-Q 6/30/2025 |
| 3312025 | 5062025 | 10-Q 3/31/2025 |
| 12312024 | 2252025 | 10-K 12/31/2024 |
| 9302024 | 11052024 | 10-Q 9/30/2024 |
| 6302024 | 8062024 | 10-Q 6/30/2024 |
| 3312024 | 5072024 | 10-Q 3/31/2024 |
| 12312023 | 2272024 | 10-K 12/31/2023 |
| 9302023 | 10312023 | 10-Q 9/30/2023 |
| 6302023 | 8012023 | 10-Q 6/30/2023 |
| 3312023 | 5022023 | 10-Q 3/31/2023 |
| 12312022 | 2272023 | 10-K 12/31/2022 |
| 9302022 | 11012022 | 10-Q 9/30/2022 |
| 6302022 | 8022022 | 10-Q 6/30/2022 |
| 3312022 | 5032022 | 10-Q 3/31/2022 |
| 12312021 | 2282022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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