Hyster-Yale reports Q1 loss on lower revenues, tariff costs; expects recovery in H2 2026

Hyster-Yale reported a Q1 2026 operating loss of $28 million on revenues of $795 million, down 13% year-over-year due to a shift to lighter, lower-priced trucks and tariff costs. Despite challenges from tariffs, supply chain issues, and economic uncertainty, bookings improved sequentially, signaling early market stabilization. The company expects shipment volumes to bottom in Q2 2026 with a recovery in the second half driven by stronger bookings, cost reductions, and new product offerings. Full-year 2026 is projected to show a modest operating profit as tariff mitigation and operational efficiencies take effect.