HYSTER-YALE, INC.

For the period ended Mar 31, 2025. Filed May 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 6, 2025

HY$27.98-3.9%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Balance Sheets

	MARCH 312025	DECEMBER 31 2024
(In millions, except share data)
ASSETS
Current Assets
Cash and cash equivalents	$77.2	$96.6
Accounts receivable, net	506.1	488.4
Inventories, net	772.7	754.3
Prepaid expenses and other	98.9	94.0
Total Current Assets	1,454.9	1,433.3
Property, Plant and Equipment, Net	313.0	306.7
Intangible Assets, Net	33.0	33.1
Goodwill	51.2	54.6
Deferred Income Taxes	6.9	6.7
Investments in Unconsolidated Affiliates	51.9	55.5
Other Non-current Assets	144.4	139.3
Total Assets	$2,055.3	$2,029.2
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$464.0	$447.8
Accounts payable, affiliates	10.1	7.7
Revolving credit facilities	98.5	54.2
Short-term debt and current maturities of long-term debt	142.9	144.6
Accrued payroll	64.9	105.5
Deferred revenue	52.2	56.8
Other current liabilities	221.3	241.3
Total Current Liabilities	1,053.9	1,057.9
Long-term Debt	242.6	241.9
Self-insurance Liabilities	40.6	37.8
Deferred Income Taxes	9.8	8.4
Other Long-term Liabilities	179.0	189.1
Total Liabilities	1,525.9	1,535.1
Temporary Equity
Redeemable Noncontrolling Interest	15.1	14.9
Stockholders' Equity
Common stock:
Class A, par value $0.01 per share, 14,242,725 shares outstanding (2024 - 13,962,422 shares outstanding)	0.1	0.1
Class B, par value $0.01 per share, convertible into Class A on a one-for-one basis, 3,454,617 shares outstanding (2024 - 3,456,548 shares outstanding)	0.1	0.1
Capital in excess of par value	353.2	350.9
Treasury stock	(16.9)	(13.6)
Retained earnings	377.0	374.6
Accumulated other comprehensive loss	(203.5)	(237.0)
Total Stockholders' Equity	510.0	475.1
Noncontrolling Interests	4.3	4.1
Total Permanent Equity	514.3	479.2
Total Liabilities and Equity	$2,055.3	$2,029.2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	THREE MONTHS ENDED
	MARCH 31
	2025	2024
(In millions, except per share data)
Revenues	$910.4	$1,056.5
Cost of sales	732.7	820.8
Gross Profit	177.7	235.7
Operating Expenses
Selling, general and administrative expenses	156.2	151.9
Restructuring charges	0.2	—
Operating Profit	21.3	83.8
Other (income) expense
Interest expense	7.7	8.9
Income from unconsolidated affiliates	(2.9)	(1.0)
Other, net	(0.3)	(1.0)
	4.5	6.9
Income Before Income Taxes	16.8	76.9
Income tax expense	8.1	25.1
Net Income	8.7	51.8
Net Income attributable to noncontrolling interests	—	(0.2)
Net Loss attributable to redeemable noncontrolling interests	0.1	0.1
Accrued dividend to redeemable noncontrolling interests	(0.2)	(0.2)
Net Income Attributable to Stockholders	$8.6	$51.5
Basic Earnings per Share	$0.49	$2.97
Diluted Earnings per Share	$0.48	$2.93
Dividends per Share	$0.3500	$0.3250
Basic Weighted Average Shares Outstanding	17.556	17.339
Diluted Weighted Average Shares Outstanding	17.766	17.592

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

	THREE MONTHS ENDED
	MARCH 31
	2025	2024
(In millions)
Net Income	$8.7	$51.8
Other comprehensive income
Foreign currency translation adjustment	18.1	(16.7)
Current period cash flow hedging activity, net of tax	10.3	(15.1)
Reclassification of hedging activities into earnings, net of tax	4.3	7.3
Reclassification of pension into earnings, net of tax	0.8	0.8
Comprehensive Income	$42.2	$28.1
Net Income attributable to noncontrolling interests	—	(0.2)
Net Loss attributable to redeemable noncontrolling interests	0.1	0.1
Accrued dividend to redeemable noncontrolling interests	(0.2)	(0.2)
Foreign currency translation adjustment attributable to noncontrolling interests	0.1	—
Comprehensive Income Attributable to Stockholders	$42.2	$27.8

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.