Hyster-Yale, Inc. (NYSE:HY) reported its consolidated financial results for the three months ended September 30, 2026, disclosing a narrowed operating loss, a return to positive Adjusted EBITDA, and $550 million in bookings, in a filing dated November 5, 2026.

Key Highlights

  • Bookings of $550 million: represented a 45% increase from the prior year and marked the fourth consecutive quarter of elevated bookings from the cyclical low point in Q2 2025, according to the filing.
  • Q3 2026 revenues of $827.4 million: decreased 15% from $979.1 million in Q3 2025, but increased 2% sequentially from $812.9 million in Q2 2026.
  • Net loss of $14.9 million: or $(0.83) diluted loss per share, compared with a net loss of $31.6 million, or $(1.76) per share, in Q2 2026.
  • Adjusted EBITDA returned to positive at $6.0 million: in Q3 2026, compared with negative $4.9 million in Q2 2026 and $15.1 million in Q3 2025.
  • Operating cash flow of $26 million: was $10 million higher than Q2 2026, with the company reporting debt of $484.7 million and cash of $58.5 million as of September 30, 2026.
  • New cost-reduction programs targeting at least $100 million: in savings at maturity were launched in Q4 2026, alongside working capital and capital expenditure reductions.

Hyster-Yale Q3 2026 Operating Results and Segment Performance

According to the filing, Hyster-Yale's consolidated revenues of $827.4 million for Q3 2026 reflected a 15% year-over-year decline, driven primarily by unfavorable product mix and lower shipment volumes in the Lift Truck business. The company disclosed that positive pricing of $11 million partially offset these impacts. The year-over-year decline also reflected a customer shift away from higher-value standard and premium counterbalanced lift trucks, particularly Class 1 and Class 4 products, toward lighter-intensity, lower-priced models.

The Lift Truck segment reported revenues of $775.5 million in Q3 2026, down 17% from $929.3 million in Q3 2025, but up 3% from $755.5 million in Q2 2026. Within the segment, the Americas generated revenues of $608.6 million, EMEA $122.8 million, and JAPIC $44.1 million. The filing noted that Lift Truck operating results improved $10 million sequentially, driven by higher shipment volumes and lower employee-related expenses, partially offset by $20 million lower tariff-related recoveries in Q3 2026. The quarter benefited from approximately $15 million of tariff-related recoveries recognized related to amounts previously paid. Selling, general and administrative expenses decreased $18 million from the prior year, primarily due to lower employee-related expenses and benefits from restructuring actions implemented in Q4 2025.

The Bolzoni Group reported Q3 2026 revenues of $82.3 million, down 5% from $87.0 million in Q3 2025, with operating profit of $1.8 million compared with $2.1 million in the prior-year period. Working capital improved by $123 million from the prior year to $662 million, and inventory decreased by $76 million year-over-year. For Q4 2026, the company disclosed it expects adjusted net income to return to positive levels, with the outlook dependent on external factors including current U.S. and international tariff policies and rates in effect as of October 2026.

What Was Disclosed

Hyster-Yale disclosed Q3 2026 consolidated results showing a net loss of $14.9 million, a return to positive Adjusted EBITDA of $6.0 million, bookings of $550 million up 45% year-over-year, and new cost-reduction programs targeting at least $100 million in savings at maturity.