HY

hy-20260805

0001173514false00011735142026-08-052026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):August 5, 2026

HYSTER-YALE, INC.

(Exact name of registrant as specified in its charter)

Delaware000-5479931-1637659

(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)

5875 Landerbrook Drive, Suite 300

Cleveland(440)

OH449-960044124-4069

(Address of principal executive offices)(Registrant's telephone number, including area code)(Zip code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered

Class A Common Stock, $0.01 par value per shareHYNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

On August 5, 2026, Hyster-Yale, Inc. (the “Company”) posted on its website, hyster-yale.com, an updated investor presentation. A copy of which is attached as Exhibit 99 to this Current Report on Form 8-K.

The information disclosed above under Item 2.02 with respect to the investor presentation is incorporated herein by reference.

The information in this Current Report on Form 8-K, including Exhibit 99, is furnished pursuant to Item 2.02 and Item 7.01 of Form 8-K and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly stated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99 Hyster-Yale, Inc. Investor Presentation.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:August 5, 2026HYSTER-YALE, INC.

By:/s/ Dena R. McKee

Dena R. McKee

Title: Vice President, Controller and Chief Accounting Officer

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Exhibit 99

NEWS RELEASE

5875 Landerbrook Drive, Suite 300 • Cleveland, Ohio 44124-4069

Tel. (440) 449-9600 • Fax (440) 449-9577

FOR FURTHER INFORMATION, CONTACT:

Andrea SejbaFor Immediate Release

(440) 449-9611Tuesday, August 4, 2026

HYSTER-YALE

ANNOUNCES SECOND QUARTER 2026 RESULTS

Q2 2026 Consolidated Highlights:

•Bookings of $680 million represent the fourth consecutive quarter of growth; 17% higher sequentially and twice the level of Q2 2025

•Revenue increased sequentially as stronger bookings began to translate into higher shipments

•Operating loss reduced sequentially

•Operating cash flow improved in Q2 2026 compared to Q1 2026

•Income tax change includes establishment of a non-cash valuation allowance for Brazil

Cleveland, Ohio, August 4, 2026: Hyster-Yale, Inc. (NYSE: HY) reported the following consolidated results for the three months ended June 30, 2026.

($ in millions except per share amounts)Three Months Ended

Q2 2026Q2 2025% ChangeQ1 2026% Change

Revenues$812.9$956.6(15)%$795.22%

Operating Profit (Loss)$(18.4)$(8.5)n.m.$(28.0)34%

Net Income (Loss)$(31.6)$(13.9)n.m.$(30.5)(4)%

Diluted Earnings (Loss) per Share$(1.76)$(0.79)n.m.$(1.71)(3)%

Adjusted Operating Profit (Loss)(1) $(16.7)$7.2n.m.$(26.4)37%

Adjusted Net Income (Loss)(1) $(29.5)$(2.3)n.m.$(29.3)(1)%

Adjusted Diluted Earnings (Loss) per Share(1) $(1.64)$(0.13)n.m.$(1.64)—%

(1) Reconciliations of reported to adjusted figures are included below.

n.m. - not meaningful.

Lift Truck Business Results

Revenues by geographic segment were as follows:

($ in millions except per share amounts)

Q2 2026

Q2 2025

% ChangeQ1 2026% Change

Revenues$755.5$904.2(16)%$739.72%

Americas(2) $596.2$707.5(16)%$578.43%

EMEA(2)

$118.2$148.3(20)%$126.0(6)%

JAPIC(2)

$41.1$48.4(15)%$35.316%

(2) The Americas segment includes the North America, Latin America and Brazil markets, EMEA includes operations in the Europe, Middle East and Africa markets, and JAPIC includes operations in the Asia and Pacific markets, including China.

1

Lift Truck revenue increased 2% from Q1 2026 as improved bookings began to translate into higher shipments. Higher volume and favorable pricing drove the sequential improvement.

Q2 2026 Lift Truck revenue of $756 million decreased 16% from the prior year, primarily due to lower shipment volumes and an unfavorable product mix. Positive pricing of $17 million partially offset these impacts.

•The year-over-year decline reflected lower sales of higher-value standard and premium counterbalanced lift trucks, particularly Class 1 and Class 4 products, as customers shifted towards lighter-duty, lower-priced models.

•Recently introduced low-intensity products continued to gain market acceptance and helped offset lower sales of higher-revenue products. These products supported market share gains and profitability as customer demand shifted towards lower-priced segments.

Gross profit and operating profit (loss) by geographic segment were as follows:

($ in millions)Q2 2026Q2 2025% ChangeQ1 2026% Change

Gross Profit$105.5$146.8(28)%$104.31%

Americas$91.7$129.9(29)%$93.7(2)%

EMEA$10.3$14.8(30)%$8.620%

JAPIC$3.5$2.167%$2.075%

Operating Profit (Loss)$(20.5)$(10.9)(88)%$(27.9)27%

Americas$3.6$11.7(69)%$(1.7)n.m.

EMEA$(18.4)$(15.0)(23)%$(19.1)4%

JAPIC$(5.7)$(7.6)25%$(7.1)20%

Adjusted Operating Profit (Loss)(1) $(18.8)$4.8n.m.$(26.3)29%

Americas(1) $5.3$27.6(81)%$(0.1)n.m.

EMEA(1)

$(18.4)$(15.3)(20)%$(19.1)4%

JAPIC(1)

$(5.7)$(7.5)24%$(7.1)20%

(1) Reconciliations of reported to adjusted figures are included below.

Sequentially, Lift Truck operating results improved $7 million from Q1 2026, driven by higher shipment volumes, favorable pricing, and lower employee-related expenses, including incentive compensation.

•Gross margin benefited from $35 million of refunds related to previously paid tariffs. This benefit was largely offset by unfavorable capitalized material costs and $10 million of higher gross tariff costs compared with Q1 2026.

•The tariff refund recorded does not change the Company's future tariff exposure.

Lift Truck operating results declined from the prior year primarily due to lower shipment volumes, unfavorable product mix, and $20 million of incremental gross tariff-related costs.

•Gross profit decreased 28% from the prior year, primarily reflecting lower sales of higher-value 4–9 ton and 1–3.5 ton lift trucks. Positive pricing realization of $17 million across most lift product lines partially offset these impacts.

•Selling, general and administrative expenses decreased $18 million from the prior year, primarily due to lower employee-related expenses, including incentive compensation, and benefits from restructuring actions implemented in Q4 2025.

2

Bolzoni Group Results

($ in millions)Q2 2026Q2 2025% ChangeQ1 2026% Change

Revenues$81.9$90.6(10)%$82.9(1)%

Gross Profit $22.0$21.43%$20.57%

Operating Profit (Loss)$2.0$2.4(17)%$(0.1

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EXHIBIT 99

Hyster-Yale, Inc.

(in millions of $, except percentage data)

Revenues - Consolidated

Revenues - Consolidated - % change yr. over yr.

Q1Q2Q3Q4FYQ1Q2Q3Q4FY

2022827.6 895.4 840.1 985.2 3,548.3 202213.0 %17.0 %12.3 %18.7 %15.4 %

2023999.3 1,090.6 1,001.2 1,027.2 4,118.3 202320.7 %21.8 %19.2 %4.3 %16.1 %

20241,056.5 1,168.1 1,016.1 1,067.5 4,308.2 20245.7 %7.1 %1.5 %3.9 %4.6 %

2025910.4 956.6 979.1 923.2 3,769.3 2025-13.8 %-18.1 %-3.6 %-13.5 %-12.5 %

2026795.2 812.9 2026-12.7 %-15.0 %

Gross ProfitGross Profit %

Q1Q2Q3Q4FYQ1Q2Q3Q4FY

2022101.299.186.9146.7433.9 202212.2 %11.1 %10.3 %14.9 %12.2 %

2023174.4197.9203.6209.7785.6 202317.5 %18.1 %20.3 %20.4 %19.1 %

2024235.7259.3192.9207.6895.5 202422.3 %22.2 %19.0 %19.4 %20.8 %

2025177.7168.2 155.9 131.0 632.8 202519.5 %17.6 %15.9 %14.2 %16.8 %

2026124.8127.6202615.7 %15.7 %

Operating Expenses (6)(7)

Operating Expenses as a % of Revenue (6)(7)

Q1Q2Q3Q4FYQ1Q2Q3Q4FY

2022119.5 114.8 111.8 126.9 473.0 202214.4 %12.8 %13.3 %12.9 %13.3 %

2023131.8 139.1 145.0 161.0 576.9 202313.2 %12.8 %14.5 %15.7 %14.0 %

2024151.9 163.7 159.8 175.3 650.7 202414.4 %14.0 %15.7 %16.4 %15.1 %

2025156.4 176.7 153.6 168.2 654.9 202517.2 %18.5 %15.7 %18.2 %17.4 %

2026152.8 146.0 202619.2 %18.0 %

Restructuring & Impairment Charges (6)(7)(8)(9)(10)(11)(12)(13)(14)

Q1Q2Q3Q4FY

2024— — 1.2 21.4 22.6

20250.2 15.7 1.0 21.5 38.4

20261.6 1.7

Operating Profit (Loss) (6)

Operating Profit (Loss) % (6)

Q1Q2Q3Q4FYQ1Q2Q3Q4FY

2022(18.3)(15.7)(24.9)19.8 (39.1)2022-2.2 %-1.8 %-3.0 %2.0 %-1.1 %

202342.6 58.8 58.6 48.7 208.7 20234.3 %5.4 %5.9 %4.7 %5.1 %

202483.8 95.6 33.1 32.3 244.8 20247.9 %8.2 %3.3 %3.0 %5.7 %

202521.3 (8.5)2.3 (37.2)(22.1)20252.3 %-0.9 %0.2 %-4.0 %-0.6 %

2026(28.0)(18.4)2026-3.5 %-2.3 %

Interest (Income) Expense

Q1Q2Q3Q4FY

20224.9 5.9 7.3 9.2 27.3

20239.6 7.8 8.9 8.4 34.7

20247.8 8.0 7.9 7.3 31.0

20257.0 7.1 7.4 7.0 28.5

20266.6 5.7

Income (Loss) Before Taxes Effective Income Tax Rate (15)

Q1Q2Q3Q4FYQ1Q2Q3Q4FY

2022(21.3)(21.8)(32.4)13.1 (62.4)2022-13.6 %14.2%-13.0 %39.7 %-14.7 %

202335.9 50.8 52.6 41.7 181.0 202324.2 %23.6%30.8 %38.4 %29.2 %

202476.9 90.0 28.1 24.0 219.0 202432.6 %29.0%36.7 %55.4 %34.2 %

202516.8 (13.2)(4.6)(41.9)(42.9)202548.2 %n.m.n.m.-23.2 %-35.2 %

2026(32.1)(23.2)20265.6 %-34.9 %

Hyster-Yale, Inc.

(in millions of $, except percentage data)

Net Income (Loss) Attributable to Stockholders

Q1Q2Q3Q4FY

2022(25.0)(19.4)(37.3)7.6 (74.1)

202326.6 38.3 35.8 25.2 125.9

202451.5 63.3 17.2 10.3 142.3

20258.6 (13.9)(2.3)(52.5)(60.1)

2026(30.5)(31.6)

Depreciation and Amortization Expense

Q1Q2Q3Q4FY

202211.1 11.0 10.9 10.4 43.4

202311.2 11.3 11.3 11.3 45.1

202411.7 12.4 11.7 11.8 47.6

202511.0 11.8 11.3 11.7 45.8

202611.3 10.9

Net Working Capital (1)

Net Working Capital as % of Revenue (2)

Q1Q2Q3Q4FYQ1Q2Q3Q4FY

2022704.7 751.9 686.2 715.7 715.7 202221.3 %21.0 %20.4 %20.2 %20.2 %

2023763.0 809.0 777.8 783.0 783.0 202319.1 %18.5 %19.4 %19.0 %19.0 %

2024789.6 855.9 863.9 787.2 787.2 202418.7 %18.3 %21.3 %18.3 %18.3 %

2025804.7 814.3 784.9 722.7 722.7 202522.1 %21.3 %20.0 %19.2 %19.2 %

2026706.1 688.9 202622.2 %21.2 %

Capital Expenditures

Q1Q2Q3Q4FY

20229.7 5.6 4.4 9.1 28.8

20233.3 7.3 8.3 16.5 35.4

20247.5 12.2 10.2 17.9 47.8

202510.6 13.8 14.5 23.6 62.5

20269.8 14.7

Net Cash Provided By (Used For) Operating Activities

Q1Q2Q3Q4FY

202259.1 (58.9)34.1 6.3 40.6

20239.0 35.8 60.3 45.6 150.7

2024 22.4 (2.5)70.1 80.7 170.7

2025(36.4)28.9 37.1 56.5 86.1

2026(32.9)16.7

Net Cash Provided By (Used For) Investing Activities

Q1Q2Q3Q4FY

2022(9.3)(13.6)(4.3)(8.2)(35.4)

2023(5.0)(6.9)(7.9)(14.7)(34.5)

2024(7.0)(11.7)(12.0)(16.9)(47.6)

2025(10.3)(15.3)(14.2)(22.9)(62.7)

2026(9.3)(14.2)

Cash Flow Before Financing Activities (3)

Q1Q2Q3Q4FY

2021(37.6)(62.3)(102.0)(76.1)(278.0)

202249.8 (72.5)29.8 (1.9)5.2

20234.0 28.9 52.4 30.9 116.2

202415.4 (14.2)58.1 63.8 123.1

2025(46.7)13.6 22.9 33.6 23.4

2026(42.2)2.5

Hyster-Yale, Inc.

(in millions of $, except percentage data)

Net Cash Provided By (Used For) Financing Activities

Q1Q2Q3Q4FY

2022(50.9)84.4 (35.4)(9.0)(10.9)

2023(2.5)(26.4)(40.2)(31.4)(100.5)

2024(30.5)19.1 (50.8)(37.9)(100.1)

202525.9 (26.2)(18.1)17.6 (0.8)

20261.3 (11.3)

Dividends Paid to Stockholders

Q1Q2Q3Q4FY

20225.4 5.5 5.5 5.4 21.8

20235.6 5.5 5.6 5.6 22.3

20245.7 6.1 6.1 6.1 24.0

20256.2 7.7 6.3 6.5 26.7

20266.4 6.6

Total Debt Debt to Total Capitalization (4)

Q1Q2Q3Q4FYQ1Q2Q3Q4FY

2022479.0 580.6 545.0 552.9 552.9 202257.7 %72.2 %80.1 %71.1 %71.1 %

2023560.6 542.3 510.6 494.0 494.0 202367.3 %63.9 %61.4 %54.8 %54.8 %

2024474.8 501.9 468.5 440.7 440.7 202452.5 %51.0 %46.0 %47.1 %47.1 %

2025484.0 473.2 467.8 494.3 494.3 202547.8 %46.5 %46.4 %50.9 %50.9 %

2026505.3 500.0 202652.8 %54.9 %

Total Equity Return on Equity (5)

Q1Q2Q3Q4FYQ1Q2Q3Q4FY

2022351.5 223.4 135.2 225.1 225.1 2022-40.9 %-53.6 %-57.7 %-28.1 %-28.1 %

2