Hyster-Yale reported second-quarter results showing further signs of a gradual recovery in the lift truck market. Bookings rose 17% sequentially to $680 million, the highest quarterly level in three years, while revenue increased 2% to $813 million and the operating loss narrowed to $18 million. Management said customer delivery timing and production changes tied to tariff mitigation are expected to shift a larger portion of the recovery into the latter part of 2026, and the company still expects a moderate operating loss for full-year 2026. Cost initiatives including restructuring, sourcing changes and manufacturing-footprint optimization are expected to deliver significant savings, and Bolzoni returned to profitability. The company projects trailing 12-month EBITDA to exceed pre-COVID levels in the second half of 2027.
Hyster-Yale Materials Handling IncBookings rose 17% sequentially to $680 million, highest in three years, indicating improving lift truck demand.
Bolzoni returned to profitability, a positive financial development.
