Filing Flows › Hyster-Yale (HY) › Q1 2025
Hyster-Yale (HY) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Hyster-Yale (HY) reported revenue of $910M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -15% from the quarter before. Operating margin was 2.3%, net earnings $8.7M (1.0% of revenue).
Hyster-Yale, Q1 2025: revenue $910M (-14% year over year), operating margin 2.3%, net earnings $8.7M, operating cash flow −$36.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $910M | -15% | -14% |
| Gross profit | $178M | -14% | -25% |
| Operating profit | $21.3M | -34% | -75% |
| Net earnings | $8.7M | -19% | -83% |
| Operating cash flow | −$36.4M | — | — |
What changed
Revenue was $910.4M in Q1 2025, down 14% year over year and down 15% from the previous quarter. Lift truck business was the largest line at 95% of revenue. Lift truck business lost $142.4M year over year (down 14%), 97% of the total change.
Gross margin was 19.5%, down 2.8 points from a year earlier. Operating profit was $21.3M, a 2.3% margin (down 5.6 points year over year). Operating expenses grew 3% against a revenue fall of 14%. Net earnings were $8.6M, down 83% year over year. The effective tax rate was 48.2%.
Operating cash flow was −$36.4M. Non-cash charges added back $11.0M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items used $59.6M. Capital expenditures of $10.6M exceeded it, leaving free cash flow of −$47.0M.
Questions
What was Hyster-Yale's revenue in the first quarter 2025?
Hyster-Yale (HY) reported revenue of $910M for the first quarter 2025 (Q1 2025), -14% from a year earlier and -15% from the quarter before.
Was Hyster-Yale profitable in the first quarter 2025?
Operating profit was $21.3M (2.3% of revenue) and net earnings $8.7M.
Source: Hyster-Yale 10-Q on SEC EDGAR.