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Hyster-Yale, Inc.: Business Overview, Financials & Competitive Analysis

Hyster-Yale, Inc. scores 4/10 on the AskCyborg Cyborg Score (Challenged). Market headwinds (tariffs, mix shift) have pressured near-term results, but cost initiatives and new product lines provide turnaround catalyst if demand stabilizes. Hyster-Yale reported Q1 2026 revenue down 13% year-over-year with a net loss of $30.5 million as tariffs and weaker mix hit margins. The company flags tariffs, geopolitical risks.

What is Hyster-Yale, Inc.'s industry? Hyster-Yale, Inc. (hyster-yale.com) operates in Material Handling Equipment. AskCyborg classifies Hyster-Yale, Inc. under Material Handling Equipment in its company registry.

Hyster-Yale is a global lift truck and materials handling solutions company headquartered in Cleveland, Ohio, operating through its Hyster, Yale, Nuvera, Maximal, Bolzoni, Auramo, and Meyer brands. The company designs...

4/ 10Challenged

Cyborg Score thesis

Market headwinds (tariffs, mix shift) have pressured near-term results, but cost initiatives and new product lines provide...

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Industry Material Handling Equipment
4 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 5, 2026
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AskCyborg analysts argue the bull and bear cases for Hyster-Yale, Inc. across 11 stress-tested dimensions. Listen on your commute -- faster than reading the 30-page report.

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Hyster-Yale, Inc. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Hyster-Yale, Inc. Overview

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Hyster-Yale is a global lift truck and materials handling solutions company headquartered in Cleveland, Ohio, operating through its Hyster, Yale, Nuvera, Maximal, Bolzoni, Auramo, and Meyer brands. The company designs, engineers, manufactures, sells, and services a broad line of lift trucks, attachments, parts, and related energy and automation solutions for customers worldwide.

Strategic Profile

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In Q1 2026, the company reported consolidated revenue of $795.2 million (down 13% year-over-year) and an operating loss of $28.0 million that included approximately $30 million of gross tariff costs. The company has introduced new models designed to address growing demand for standard and value configurations in the core counterbalanced truck market, reflecting a shift toward lighter-duty and lower-priced trucks.

Competitive Landscape

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Hyster-Yale plays a significant role in the lift truck market, designing, manufacturing, and selling materials handling equipment. The company competes in the industrial lift truck and materials handling equipment sector against established OEMs and regional manufacturers offering similar counterbalanced and specialized lift trucks.

Industry Context

Hyster-Yale, Inc. operates in Material Handling Equipment.

Key facts

Founded: 1929 · Headquarters: Cleveland, Ohio, US · Employees: Approximately 13,000 · Revenue: $795.2M (Q1 2026) · Market cap: $591M

What the analysts stress-tested

The top findings that survived the multi-agent debate for Hyster-Yale, Inc..

  • Q1 2026 revenue of $795.2 million fell 13% year-over-year, with ~$30M of the operating loss attributable to tariff costs, signaling significant margin pressure from policy headwinds.
  • Bookings and backlog improved sequentially in Q1 2026, but revenue declined year-over-year due to a shift toward lighter-duty trucks and persistent tariff headwinds.
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Recent developments

Material events tracked by the AskCyborg corpus.

  • May 2026Dividend increase from 36¢ to 36.5¢ per share
  • May 2026Q1 2026 earnings: $795.2M revenue (-13% YoY), $30.5M net loss
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

Toyota Material HandlingLeading materials handling equipment manufacturer→Crown EquipmentElectric and internal combustion lift trucks→JungheinrichEuropean lift truck and warehouse automation provider→KIONIndustrial trucks and warehouse automation solutions→

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Industry context

Hyster-Yale, Inc. operates in Material Handling Equipment. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Hyster-Yale, Inc. do?+
Hyster-Yale is a global lift truck and materials handling solutions company headquartered in Cleveland, Ohio, operating through its Hyster, Yale, Nuvera, Maximal, Bolzoni, Auramo, and Meyer brands. The company designs...
What is Hyster-Yale, Inc.'s Cyborg Score?+
Hyster-Yale, Inc. has a Cyborg Score of 4/10 (Challenged). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Hyster-Yale, Inc.'s main competitors?+
Named competitors include Toyota Material Handling, Crown Equipment, Jungheinrich, KION. The full competitive landscape is in the AskCyborg report.
How can I get the full Hyster-Yale, Inc. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Hyster-Yale, Inc. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Material Handling Equipment research

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6Jungheinrich Aktiengesellschaft