Hyster-Yale Inc. has announced its second quarter 2025 financial results, reporting consolidated revenues of $956.6 million, marking a 5% increase from the first quarter of 2025, but an 18% decline compared to the same period in 2024. The company recorded an operating loss of $8.5 million, a significant decrease from the $95.6 million operating profit reported in the second quarter of 2024 and a drop from the $21.3 million profit in the first quarter of 2025. Net income showed a loss of $13.9 million, a sharp contrast to the $63.3 million net income in the second quarter of 2024 and an $8.6 million net income in the first quarter of 2025. The adjusted operating profit was $7.2 million, down from $95.6 million in the previous year and $21.5 million in the first quarter of 2025. Adjusted net income reflected a loss of $2.3 million, declining from a $63.3 million income in the second quarter of the previous year and $8.7 million in the first quarter of 2025. The company highlighted a significant decline in bookings, primarily attributed to tariff uncertainty affecting its customer base. Additionally, Hyster-Yale renewed a $300 million revolving credit facility with improved covenant flexibility.
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