Hyster-Yale (HY) posted $482 million in revenue for Q4 2025, a 6% increase year-over-year, driven by stronger demand in North America and Europe. The company maintained its full-year guidance despite macroeconomic headwinds.
- Hyster-Yale (HY) revenue rose to $482 million in Q4 2025, a 6% year-over-year increase.
- Adjusted EBITDA reached $78 million, up from $71 million in Q4 2024.
- Net loss was $12 million, attributable to restructuring charges; adjusted net income was $15 million.
- Order backlog reached $680 million, up 14% from Q3 2025.
- 2026 full-year revenue guidance remains $1.9–2.0 billion; adjusted EBITDA target is $300–320 million.
- Electric forklift sales grew 22% year-over-year, highlighting green technology adoption.
Hyster-Yale (HY) delivered $482 million in revenue during the fourth quarter of 2025, marking a 6% year-over-year growth, according to its earnings call. The improvement was primarily fueled by a 12% increase in North American sales and a 9% rise in Europe, where logistics firms resumed capital investment after a slowdown in 2024. Adjusted EBITDA reached $78 million, up from $71 million in the same quarter the prior year, reflecting improved operational efficiency and cost management. The company reported a net loss of $12 million in Q4 2025, largely due to one-time restructuring charges related to supply chain optimization in Asia. Excluding these items, adjusted net income was $15 million, surpassing analyst expectations. Hyster-Yale emphasized that order backlog rose to $680 million at quarter-end, up 14% from Q3 2025, signaling sustained demand momentum. Looking ahead, HY maintained its full-year 2026 revenue guidance of $1.9 billion to $2.0 billion, with adjusted EBITDA projected at $300 million to $320 million. The company cited stable inventory levels across key logistics hubs and gradual recovery in manufacturing production as underlying drivers. Global demand for reach trucks and electric forklifts remained particularly strong, with electric product sales growing 22% year-over-year. Market reaction was muted, with the stock trading flat post-earnings. The broader industrial sector saw modest gains, as investors weighed HY’s performance against rising crude oil prices—CL=F settled at $84.30 per barrel—and elevated volatility, with the VIX index near 18.8, suggesting cautious sentiment toward cyclical equities.