Hyster-yale, Inc. income statement
In fiscal 2025, Hyster-yale, Inc. reported revenue of $3.77bn, down 12.5% on the year before, operating income of −$22.1m (a -0.6% margin) and net income of −$60.1m, or −$3.40 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,802 | 2,541 | 2,469 | 2,666 | 2,767 | 2,578 | 2,570 | 2,885 | 3,179 | 3,292 | 2,812 | 3,076 | 3,548 | 4,118 | 4,308 | 3,769 | 3,510 |
| Cost of revenue | 1,522 | 2,157 | 2,066 | — | — | — | 2,142 | 2,383 | 2,682 | 2,750 | 2,347 | 2,712 | 3,114 | 3,333 | 3,413 | 3,137 | 2,971 |
| Gross profit | 280 | 384 | 403 | 461 | 448 | 431 | 428 | 503 | 497 | 542 | 465 | 363 | 434 | 786 | 896 | 633 | 539 |
| Research and development | 49 | 61 | 68 | 69 | 71 | 88 | 107 | 105 | 111 | 115 | 101 | 108 | 101 | 120 | 136 | 137 | — |
| Selling, general and administrative | 230 | 274 | 291 | 327 | 317 | 327 | 395 | 429 | 458 | 488 | 416 | 450 | 473 | 577 | 628 | 617 | 595 |
| Operating income | 46 | 110 | 112 | 134 | 149 | 104 | 33 | 74 | 39 | 54 | 50 | −152 | −39 | 209 | 245 | −22 | −81 |
| Interest expense | 17 | 16 | 12 | 9 | 4 | 5 | 7 | 15 | 16 | 20 | 14 | 16 | 28 | 37 | 34 | 31 | 31 |
| Income before tax | 34 | 102 | 105 | 127 | 150 | 105 | 38 | 94 | 37 | 48 | 42 | −155 | −62 | 181 | 219 | −43 | −102 |
| Income tax | 2 | 19 | 7 | 17 | 40 | 29 | −4 | 45 | 2 | 11 | 4 | 28 | 9 | 53 | 75 | 15 | 13 |
| Net income | 32 | 83 | 98 | 110 | 110 | 75 | 43 | 49 | 35 | 36 | 37 | −173 | −74 | 126 | 142 | −60 | −117 |
| Diluted EPS | $1.94 | $4.91 | $5.83 | $6.54 | $6.58 | $4.57 | $2.61 | $2.94 | $2.09 | $2.14 | $2.21 | −$10.29 | −$4.38 | $7.24 | $8.04 | −$3.40 | −$6.59 |
| Diluted shares (average) | 17m | 17m | 17m | 17m | 17m | 16m | 16m | 17m | 17m | 17m | 17m | 17m | 17m | 17m | 18m | 18m | 18m |
| EBITDA | 80 | 141 | 140 | 165 | 179 | 132 | 72 | 117 | 83 | 97 | 93 | −106 | 4 | 254 | 292 | 24 | −36 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,016 | 1,068 | 910 | 957 | 979 | 923 | 795 | 813 |
| Cost of revenue | 823 | 860 | 733 | 788 | 823 | 792 | 670 | 685 |
| Gross profit | 193 | 208 | 178 | 168 | 156 | 131 | 125 | 128 |
| Selling, general and administrative | 159 | 154 | 156 | 161 | 153 | 147 | 151 | 144 |
| Operating income | 33 | 32 | 21 | −9 | 2 | −37 | −28 | −18 |
| Interest expense | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 8 |
| Income before tax | 28 | 24 | 17 | −13 | −5 | −42 | −32 | −23 |
| Income tax | 10 | 13 | 8 | 0 | −3 | 10 | −2 | 8 |
| Net income | 17 | 10 | 9 | −14 | −2 | −53 | −31 | −32 |
| Diluted EPS | $0.97 | $0.57 | $0.48 | −$0.79 | −$0.13 | −$2.97 | −$1.71 | −$1.76 |
| EBITDA | 45 | 44 | 32 | 3 | 14 | −26 | −17 | −8 |
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