Filing Flows › Hyster-Yale (HY) › Q2 2025
Hyster-Yale (HY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Hyster-Yale (HY) reported revenue of $957M for the second quarter 2025 (Q2 2025), -18% from a year earlier and +5% from the quarter before. Operating margin was -0.9%, net loss $13.4M (1.4% of revenue).
Hyster-Yale, Q2 2025: revenue $957M (-18% year over year), operating margin -0.9%, net loss $13.4M, operating cash flow $28.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $957M | +5% | -18% |
| Operating profit | −$8.5M | -140% | — |
| Net earnings | −$13.4M | -254% | — |
| Operating cash flow | $28.9M | — | — |
| Free cash flow | $15.1M | — | — |
What changed
Revenue was $956.6M in Q2 2025, down 18% year over year and up 5% from the previous quarter.
Gross margin was 17.6%, down 4.6 points from a year earlier. Operating costs exceeded revenue by $8.5M, an operating margin of -0.9%. Operating expenses grew 8% against a revenue fall of 18%. The quarter ended with a net loss of $13.4M, after a profit of $8.7M the previous quarter.
Operating cash flow was $28.9M. Non-cash charges added back $11.8M of depreciation and amortization and $2.7M of share-based compensation. Working capital and other items added $27.8M. Capital expenditures of $13.8M left free cash flow of $15.1M.
Questions
What was Hyster-Yale's revenue in the second quarter 2025?
Hyster-Yale (HY) reported revenue of $957M for the second quarter 2025 (Q2 2025), -18% from a year earlier and +5% from the quarter before.
Was Hyster-Yale profitable in the second quarter 2025?
Operating loss was $8.5M (-0.9% of revenue) and net loss $13.4M.
Source: Hyster-Yale 10-Q on SEC EDGAR.