Hyster-Yale, Inc. (HY)
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-09-09
$34.88-2.27%
Close 2026-09-09 · 1-day change
NYSEIndustrialsIndustrial - MachinerySnapshot 2026-09-09
Broken: Primary pillar broken — achieve modest full-year operating profit in 2026: FY26 operating margin guidance not reported vs target modest positive operating income.
Hyster-Yale aims for a modest profit in 2026 despite losses. Revenue should reach about $4.1 billion this year. Capital spending will stay between $55 million and $70 million. The company beat earnings in recent quarters.
The company lost money in early 2026 and may not improve. Sales fell in the first quarter. Profit margins remain weak. The recent stock drop shows investor doubts.
The price matches fair value near $33. Analysts expect 3.6% revenue growth. Our view agrees with this cautious outlook.
Breaks if: capex exceeds $70 million or falls below $50 million in FY26
Breaks if: operating income remains negative through FY26
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a turnaround story with a focus on achieving profitable growth. The current thesis state indicates a medium level of confidence, as management aims for recovery in the second half of 2026 while navigating recent weak financial performance.
The market seems to have priced in a level of fragility, given the weak execution quality and the company's recent performance. Valuation suggests that HY is relatively cheap compared to peers, but there is a notable expectations gap, indicating that the market anticipates further challenges.
Management is focused on improving profitability and has shown some sequential improvement in revenue and operating loss. However, the overall financial performance remains weak, and there are elevated risks due to the company's recent history of missing expectations.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. The company faces challenges achieving profitable growth. A recent news story highlighted a widening loss, which contradicts its growth goals. This news adds pressure to the company's outlook.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Focus on improving operating results through higher shipment volumes, pricing actions, cost reductions, and tariff mitigation to reach modest full-year operating profit in 2026.
Breaks if: revenue falls below $3.8 billion in FY26
The thesis hinges on management's ability to deliver on their recovery plans and the performance of sector bellwethers like GEV, PH, and TT. If these companies continue to perform well, it could provide a tailwind for HY, but any negative guidance from them could pose significant risks.
Over the next 1 to 3 years, HY's performance will depend on management execution and sector dynamics. Not investment advice.