Hyster-Yale Bookings Rise 45% to $550M; Adjusted EBITDA Positive
CLEVELAND – November 05, 2026 -- Hyster-Yale (NYSE: HY) posted bookings of $550 million in the third quarter of 2026, up 45% from a year earlier. It was the fourth straight quarter of elevated orders since the cyclical low in Q2 2025. Adjusted EBITDA returned to positive, and the company announced cost programs targeting at least $100 million in savings at maturity.
Lift Truck revenue falls 17% year on year on weaker mix
Lift Truck revenue was $776 million, down 17% from the prior year but up 3% from Q2 2026. Unfavorable product mix and lower shipment volumes drove the annual decline, while positive pricing of $11 million partially offset them. Customers shifted away from higher-value standard and premium counterbalanced trucks, particularly Class 1 and Class 4, toward lighter-intensity, lower-priced models.