HY on NYSE

Hyster-Yale Materials Handling

Logo: Unknown author Unknown author, Public domain, via Wikimedia Commons4

United States manufacturing company

Hyster-Yale Materials Handling, Inc., through its wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster and Yale brand names. It was spun off from NACCO Industries in 2012, but had been running as a standalone company within NACCO since 2002.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

$3.8BRevenue, fiscal 20255
-$60.1MNet income, fiscal 20255
2012Founded1

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  • TickerHY on NYSE1
  • IndustryIndustrial Trucks, Tractors, Trailors & Stackers1
  • HeadquartersCleveland1
  • Websitewww.hyster-yale.com
  • Incorporated inDE6
  • Business address5875 Landerbrook Drive, Suite 300, Cleveland, Oh 441246
  • Filer categoryAccelerated filer6

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Material Lift Truck
Photo: Mrbobax, CC BY-SA 4.0, via Wikimedia Commons8

Hyster-Yale Materials Handling, Inc., through its wholly owned operating subsidiary, Hyster-Yale Group, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster and Yale brand names. It was spun off from NACCO Industries in 2012, but had been running as a standalone company within NACCO since 2002.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

16.8%Gross margin5
-0.6%Operating margin5
-1.6%Net margin5
-12.5%Revenue growth, 20255
-12.7%Return on equity5
1.00×Debt to equity5
$23.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Aftermarket sales brought in 70% of the revenue Hyster-Yale Materials Handling broke down this way in fiscal 2025.

  1. Aftermarket sales$883.3M570%up 3% from 2024
  2. Other revenue$384.1M530%up 8% from 2024
Products and services by year
Products and services202320242025
Aftermarket sales$838.6M$857.3M$883.3M
Other revenue$311.3M$355.4M$384.1M

Business segments

Americas HY brought in 72% of the revenue Hyster-Yale Materials Handling broke down this way in fiscal 2025.

  1. Americas HY$2.8B572%down 13% from 2024
  2. Emea Hy$569.9M515%down 19% from 2024
  3. Bolzoni$333.1M59%down 12% from 2024
  4. Japic$183.5M55%down 0% from 2024
Business segments by year
Business segments202320242025
Americas HY$2.9B$3.2B$2.8B
Emea Hy$820.5M$707.6M$569.9M
Bolzoni$375.3M$379.1M$333.1M
Japic$201.1M$183.7M$183.5M

Regions

United States brought in 67% of the revenue Hyster-Yale Materials Handling broke down this way in fiscal 2025.

  1. United States$2.5B567%down 12% from 2024
  2. EMEA$689.3M518%down 16% from 2024
  3. Segment, Geographical, Groups of Countries, Group Three$550.1M515%down 11% from 2024
Regions by year
Regions202320242025
United States$2.5B$2.9B$2.5B
EMEA$930.5M$817.9M$689.3M
Segment, Geographical, Groups of Countries, Group Three$644.9M$615.9M$550.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue80¢$3.1B
  • Research and development3¢$137.2M
  • Selling, general and admin16¢$616.5M
  • Interest1¢$31.2M
  • Income tax0¢$15.1M

Out of $3.8B in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending68¢$62.5M
  • Dividends paid27¢$25.4M
  • Share buybacks5¢$4.5M

Out of $86.1M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue9101112135$3.8B in 2025+19% since 2018
0$2.0B$4.0B$6.0B2018: $3.2B$3.2B20182019: $3.3B$3.3B2019+4%2020: $2.8B$2.8B2020−15%2021: $3.1B$3.1B2021+9%2022: $3.5B$3.5B2022+15%2023: $4.1B$4.1B2023+16%2024: $4.3B$4.3B2024+5%2025: $3.8B$3.8B2025−13%
Gross profit9101112135$632.8M in 2025+27% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $497.0M$497.0M20182019: $541.8M$541.8M2019+9%2020: $465.4M$465.4M2020−14%2021: $363.4M$363.4M2021−22%2022: $433.9M$433.9M2022+19%2023: $785.6M$785.6M2023+81%2024: $895.5M$895.5M2024+14%2025: $632.8M$632.8M2025−29%
Operating income9101112135-$22.1M in 2025
-$200.0M-$100.0M0$100.0M$200.0M$300.0M2018: $38.8M$38.8M20182019: $53.9M$53.9M2019+39%2020: $49.9M$49.9M2020−7%2021: -$152.3M-$152.3M20212022: -$39.1M-$39.1M2022−74%2023: $208.7M$208.7M20232024: $244.8M$244.8M2024+17%2025: -$22.1M-$22.1M2025
Net income9101112135-$60.1M in 2025
-$200.0M-$100.0M0$100.0M$200.0M2018: $34.7M$34.7M20182019: $35.8M$35.8M2019+3%2020: $37.1M$37.1M2020+4%2021: -$173.0M-$173.0M20212022: -$74.1M-$74.1M2022−57%2023: $125.9M$125.9M20232024: $142.3M$142.3M2024+13%2025: -$60.1M-$60.1M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenues$3.8B$4.3B$4.1B
Cost of Product and Service Sold$3.1B$3.4B$3.3B
Gross Profit$632.8M$895.5M$785.6M
Selling, general and administrative expenses$616.5M$628.1M$576.9M
Restructuring Charges$38.4M$22.6M$0
Asset Impairment Charges$6.8M
Restructuring Costs and Asset Impairment Charges$38.4M
Operating Expenses$654.9M$650.7M$576.9M
Operating Profit-$22.1M$244.8M$208.7M
Interest Expense, Operating and Nonoperating$31.2M$33.8M$37.3M
Income from unconsolidated affiliates-$10.4M-$5.5M-$9.8M
Other, net$0-$2.5M$200.0K
Other (Income) Expense$20.8M$25.8M$27.7M
Income Before Income Taxes-$42.9M$219.0M$181.0M
Income tax provision$15.1M$74.8M$52.9M
Net Income-$58.0M$144.2M$128.1M
Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest$300.0K$700.0K$600.0K
Net Income (Loss) Attributable to Redeemable Noncontrolling Interest-$900.0K-$300.0K-$700.0K
Accrued dividend to redeemable noncontrolling interests-$900.0K-$900.0K-$900.0K
Net income attributable to stockholders-$60.1M$142.3M$125.9M
Basic Earnings per Share-$3.40$8.16$7.35
Diluted earnings per share-$3.40$8.04$7.24
Payments for Restructuring-$8.9M-$400.0K
Restructuring Reserve, Period Increase (Decrease)$25.8M$12.6M
Service parts as percentage of revenue0 pure0 pure0 pure
Restructuring Reserve, Foreign Currency Translation Gain (Loss)$100.0K

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The story

The company's origins are in the Hyster Company and the Yale Materials Handling Corporation, the latter of which started off as part of a lock company.

Yale Materials Handling Corporation is an American corporation that produces forklift trucks and other material handling equipment. Yale produced its first forklift truck in the 1920s under the name Yale & Towne Manufacturing. Yale & Towne Manufacturing was purchased in 1985 by the North American Coal Corporation (NACCO), which later became NACCO Industries, Incorporated. Yale Materials Handling Corporation was combined with Hyster Company, also purchased by NACCO, in 1989 to form NACCO Materials Handling Group. NACCO Materials Handling Group was then spun off as a separate public company from NACCO in 2012, under the name Hyster-Yale Materials Handling, Inc.

From Wikipedia’s article on Hyster-Yale Materials Handling, shared under CC BY-SA 4.0.7

Leadership

Who has led Hyster-Yale Materials Handling, and when. Pick a name to see everywhere that person has worked.

Chair

  1. Alfred M. Et Al Rankin2012–now

President

  1. Matheus Thaumaturgo2025–now

Chief financial officer

  1. Kenneth C. Schilling2012–2023
  2. Scott Minder2022–now
201520202025
Board members and other officers (38)

Former names

  • HYSTER-YALE MATERIALS HANDLING, INC.Jul 26, 2012 to May 30, 20246
  • HYSTER YALE MATERIALS HANDLING INC.Jun 29, 2012 to Sep 28, 20126
  • NMHG HOLDING COMay 28, 2002 to Jun 28, 20126

Timeline

  1. 2012Founded Founded1

Filings

921 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 82 major events, 751 insider forms, 49 large holders, 19 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  3. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  4. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  5. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  6. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  7. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  8. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  9. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  10. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  11. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  12. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  13. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  14. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  15. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  16. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  17. Oct 1, 20264 PRIMARY DOCUMENT EDGAR
  18. Aug 6, 20268-K EDGAR
  19. Aug 5, 20268-K EDGAR
  20. Aug 4, 2026S-8 EDGAR

The 921 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 49 such filings since October 2021, the latest 10:

  1. Jan 30, 2026SCHEDULE 13G/A
  2. Nov 6, 2025SCHEDULE 13D/A
  3. Oct 30, 2025SCHEDULE 13G/A
  4. Mar 14, 2025SCHEDULE 13D/A
  5. Mar 14, 2025SCHEDULE 13D/A
  6. Mar 14, 2025SCHEDULE 13D/A
  7. Mar 14, 2025SCHEDULE 13D/A
  8. Mar 14, 2025SCHEDULE 13D/A
  9. Mar 14, 2025SCHEDULE 13D/A
  10. Mar 14, 2025SCHEDULE 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.937,868$32.9M0.0%+29,356
Gamco Investors, Inc. Et Al788,021$27.6M0.2%−23,036
Dimensional Fund Advisors LP495,257$17.4M0.0%−92,426
Vanguard Capital Management LLC467,943$16.4M0.0%−7,848
Deprince Race & Zollo Inc413,935$14.5M0.2%+146,456
American Century Companies Inc401,588$14.1M0.0%−11,293
Valueworks LLC397,633$13.9M2.9%+2,250
State Street Corp330,858$11.6M0.0%+21,954
Geode Capital Management, LLC296,593$10.4M0.0%−630
Russell Investments Group, Ltd.220,524$7.7M0.0%+61,938
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.203,657$7.1M0.0%+39,750
ProShare Advisors LLC195,376$6.8M0.0%+3,308
Jacobs Levy Equity Management, Inc162,280$5.7M0.0%−10,713
Goldman Sachs Group Inc128,665$4.5M0.0%+9,079
Millennium Management LLC125,212$4.4M0.0%−11,173
Morgan Stanley121,340$4.3M0.0%−18,573
Aqr Capital Management LLC120,640$4.2M0.0%+12,440
New York State Common Retirement Fund113,548$4.0M0.0%+30,497
Charles Schwab Investment Management Inc111,308$3.9M0.0%+1,745
Federated Hermes, Inc.107,697$3.8M0.0%−7,912
Northern Trust Corp103,960$3.6M0.0%+907
Bridgeway Capital Management, LLC103,753$3.6M0.1%+2,728
Fmr LLC100,807$3.5M0.0%+9,718
Vanguard Portfolio Management LLC95,863$3.4M0.0%+2,298
Walleye Capital LLC94,963$3.3M0.0%+86,946

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

16 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jan 5, 2026Tim MooreRepublican, HouseSale$15,001 - $50,000+17.2%Report
Dec 31, 2025Tim MooreRepublican, HouseBuy$15,001 - $50,000−11.9%Report
Dec 3, 2025Tim MooreRepublican, HouseSale$100,001 - $250,000+25.4%Report
Nov 20, 2025Tim MooreRepublican, HouseBuy$15,001 - $50,000−4.6%Report
Nov 12, 2025Tim MooreRepublican, HouseBuy$50,001 - $100,000−11.8%Report
Nov 5, 2025Tim MooreRepublican, HouseBuy$15,001 - $50,000−25.6%Report
Nov 3, 2025Tim MooreRepublican, HouseBuy$50,001 - $100,000−28.5%Report
Oct 24, 2025Tim MooreRepublican, HouseSale$100,001 - $250,000+34.2%Report
Oct 14, 2025Tim MooreRepublican, HouseBuy$15,001 - $50,000−33.3%Report
Oct 10, 2025Tim MooreRepublican, HouseBuy$15,001 - $50,000−30.0%Report
Oct 8, 2025Tim MooreRepublican, HouseBuy$50,001 - $100,000−31.2%Report
Sep 19, 2025Tim MooreRepublican, HouseSale$50,001 - $100,000+34.1%Report
Sep 11, 2025Tim MooreRepublican, HouseBuy$50,001 - $100,000−35.9%Report
Aug 13, 2025Tim MooreRepublican, HouseSale$50,001 - $100,000+40.5%Report
Aug 12, 2025Tim MooreRepublican, HouseBuy$15,001 - $50,000−38.9%Report
Aug 7, 2025Tim MooreRepublican, HouseBuy$15,001 - $50,000−41.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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