Hyster-Yale reported a third-quarter net loss attributable to stockholders of $14.9 million, or $0.83 per diluted share, compared to a $2.3 million loss in the prior-year period. Revenue declined 15% year-over-year to $827.4 million but increased 2% sequentially from Q2. The company returned to positive Adjusted EBITDA of $6.0 million and improved operating cash flow by $10 million compared to the previous quarter. Management announced new operational initiatives targeting at least $100 million in annual cost savings by 2029, including exiting the hydrogen fuel cell business and consolidating manufacturing. The company expects adjusted net income to return to positive levels in Q4 2026 as stronger bookings convert into shipments. Hyster-Yale designs, manufactures, and sells lift trucks and materials handling solutions globally.
