Q - HYSTER-YALE,
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
View on SEC.govAbout 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.
Jun 30, 2025 · Filed Aug 5, 2025
HY$27.98-3.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
| JUNE 302025 | DECEMBER 31 2024 | |
|---|---|---|
| (In millions, except share data) | ||
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $66.9 | $96.6 |
| Accounts receivable, net | 512.1 | 488.4 |
| Inventories, net | 776.6 | 754.3 |
| Prepaid expenses and other | 101.1 | 94.0 |
| Total Current Assets | 1,456.7 | 1,433.3 |
| Property, Plant and Equipment, Net | 316.4 | 306.7 |
| Intangible Assets, Net | 33.9 | 33.1 |
| Goodwill | 55.4 | 54.6 |
| Deferred Income Taxes | 7.9 | 6.7 |
| Investments in Unconsolidated Affiliates | 55.7 | 55.5 |
| Other Non-current Assets | 149.1 | 139.3 |
| Total Assets | $2,075.1 | $2,029.2 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable | $465.2 | $447.8 |
| Accounts payable, affiliates | 9.2 | 7.7 |
| Revolving credit facilities | 93.6 | 54.2 |
| Short-term debt and current maturities of long-term debt | 134.4 | 144.6 |
| Accrued payroll | 77.7 | 105.5 |
| Deferred revenue | 48.0 | 56.8 |
| Other current liabilities | 214.1 | 241.3 |
| Total Current Liabilities | 1,042.2 | 1,057.9 |
| Long-term Debt | 245.2 | 241.9 |
| Self-insurance Liabilities | 37.2 | 37.8 |
| Deferred Income Taxes | 10.1 | 8.4 |
| Other Long-term Liabilities | 177.0 | 189.1 |
| Total Liabilities | 1,511.7 | 1,535.1 |
| Temporary Equity | ||
| Redeemable Noncontrolling Interest | 14.5 | 14.9 |
| Stockholders' Equity | ||
| Common stock: | ||
| Class A, par value $0.01 per share, 14,255,895 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, 3,451,770 shares outstanding (2024 - 3,456,548 shares outstanding) | 0.1 | 0.1 |
| Capital in excess of par value | 355.2 | 350.9 |
| Treasury stock | (16.2) | (13.6) |
| Retained earnings | 356.7 | 374.6 |
| Accumulated other comprehensive loss | (151.2) | (237.0) |
| Total Stockholders' Equity | 544.7 | 475.1 |
| Noncontrolling Interests | 4.2 | 4.1 |
| Total Permanent Equity | 548.9 | 479.2 |
| Total Liabilities and Equity | $2,075.1 | $2,029.2 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| THREE MONTHS ENDED · SIX MONTHS ENDED | ||||
|---|---|---|---|---|
| JUNE 30 | JUNE 30 | |||
| 2025 | 2024 | 2025 | 2024 | |
| (In millions, except per share data) | ||||
| Revenues | $956.6 | $1,168.1 | $1,867.0 | $2,224.6 |
| Cost of sales | 788.4 | 908.8 | 1,521.1 | 1,729.6 |
| Gross Profit | 168.2 | 259.3 | 345.9 | 495.0 |
| Operating Expenses | ||||
| Selling, general and administrative expenses | 161.0 | 163.7 | 317.2 | 315.6 |
| Restructuring and impairment charges | 15.7 | — | 15.9 | — |
| Operating (Loss) Profit | (8.5) | 95.6 | 12.8 | 179.4 |
| Other (income) expense | ||||
| Interest expense | 7.9 | 8.8 | 15.6 | 17.7 |
| Income from unconsolidated affiliates | (2.7) | (2.1) | (5.6) | (3.1) |
| Other, net | (0.5) | (1.1) | (0.8) | (2.1) |
| 4.7 | 5.6 | 9.2 | 12.5 | |
| Income (Loss) Before Income Taxes | (13.2) | 90.0 | 3.6 | 166.9 |
| Income tax expense | 0.2 | 26.1 | 8.3 | 51.2 |
| Net (Loss) Income | (13.4) | 63.9 | (4.7) | 115.7 |
| Net Income attributable to noncontrolling interests | (0.2) | (0.2) | (0.2) | (0.4) |
| Net (Income) Loss attributable to redeemable noncontrolling interests | — | (0.1) | 0.1 | — |
| Accrued dividend to redeemable noncontrolling interests | (0.3) | (0.3) | (0.5) | (0.5) |
| Net (Loss) Income Attributable to Stockholders | $(13.9) | $63.3 | $(5.3) | $114.8 |
| Basic (Loss) Earnings per Share | $(0.79) | $3.62 | $(0.30) | $6.60 |
| Diluted (Loss) Earnings per Share | $(0.79) | $3.58 | $(0.30) | $6.51 |
| Dividends per Share | $0.3600 | $0.3500 | $0.7100 | $0.6750 |
| Basic Weighted Average Shares Outstanding | 17.705 | 17.493 | 17.621 | 17.406 |
| Diluted Weighted Average Shares Outstanding | 17.705 | 17.659 | 17.621 | 17.631 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| THREE MONTHS ENDED · SIX MONTHS ENDED | ||||
|---|---|---|---|---|
| JUNE 30 | JUNE 30 | |||
| 2025 | 2024 | 2025 | 2024 | |
| (In millions) | ||||
| Net (Loss) Income | $(13.4) | $63.9 | $(4.7) | $115.7 |
| Other comprehensive income | ||||
| Foreign currency translation adjustment | 38.6 | (9.3) | 56.7 | (26.0) |
| Current period cash flow hedging activity, net of tax | 13.0 | (11.3) | 23.3 | (26.4) |
| Reclassification of hedging activities into earnings, net of tax | (0.2) | 7.9 | 4.1 | 15.2 |
| Reclassification of pension into earnings, net of tax | 0.9 | 0.9 | 1.7 | 1.7 |
| Comprehensive Income | $38.9 | $52.1 | $81.1 | $80.2 |
| Net Income attributable to noncontrolling interests | (0.2) | (0.2) | (0.2) | (0.4) |
| Net (Income) Loss attributable to redeemable noncontrolling interests | — | (0.1) | 0.1 | — |
| Accrued dividend to redeemable noncontrolling interests | (0.3) | (0.3) | (0.5) | (0.5) |
| Foreign currency translation adjustment attributable to noncontrolling interests | — | 0.1 | (0.2) | 0.1 |
| Comprehensive Income Attributable to Stockholders | $38.4 | $51.6 | $80.3 | $79.4 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.