Hyster-Yale, Inc. (NYSE: HY)

Hyster-Yale, Inc. is a global leader in the materials handling industry, specializing in the design, engineering, manufacture, sale, and service of a comprehensive range of lift trucks and related solutions. The company operates in the industrial equipment sector, catering to a diverse customer base with applications tailored to meet specific materials handling needs. Hyster-Yale generates revenue through the sale of its high-quality lift trucks, attachments, parts, fleet management services, technology, and energy solutions. The company's primary products include internal combustion and electric lift trucks, marketed under the Hyster, Yale, and Nuvera brand names. Additionally, Hyster-Yale offers a line of parts to service its extensive installed base of lift trucks, as well as fleet management and technology solutions. The company's customer base is diverse and fragmented, spanning industries such as retail, durable goods, food and beverage, industrial, and logistics.

• Americas Segment: This segment includes lift truck operations in the United States, Canada, Mexico, Brazil, Latin America, and the corporate headquarters. It also encompasses the Nuvera Fuel Cells business, which was integrated into the Americas segment in 2025. The segment caters to the North and South American markets, providing a full range of lift trucks, parts, and services under the Hyster, Yale, and Nuvera brands.

• EMEA Segment: The EMEA segment covers operations in Europe, the Middle East, and Africa. It offers a comprehensive line of lift trucks, attachments, parts, fleet management services, technology, and energy solutions, primarily under the Hyster and Yale brand names. This segment serves the European, Middle Eastern, and African markets.

• JAPIC Segment: The JAPIC segment includes operations in the Asia and Pacific regions, including China. It provides a wide range of lift trucks, attachments, parts, fleet management services, technology, and energy solutions, catering to the Asian and Pacific markets under the Hyster, Yale, and Maximal brands.

• Bolzoni Segment: Bolzoni manufactures precision-engineered lift truck attachments, forks, masts, and lift tables designed for handling delicate and specialized loads. These solutions are marketed under the Bolzoni, Auramo, and Meyer brand names and the Silver Line product portfolio. Bolzoni also produces components for lift truck manufacturers and serves the global lift-truck attachments market and industrial materials handling.

Hyster-Yale holds a leading position in the lift truck industry, particularly in the Americas and worldwide, with a strong market share. The company competes with several global lift truck manufacturers and niche companies, focusing on dealer strength, brand loyalty, customer service, product performance, quality, innovation, and cost of ownership. Bolzoni, a subsidiary of Hyster-Yale, is a leader in the lift truck attachment industry, competing with global and niche companies based on product quality, performance, price, and innovation. The company's competitive advantages include a strong dealer network, comprehensive product line offerings, and a commitment to research and development, leveraging advanced technologies and customer feedback to enhance product development.

Hyster-Yale's customer base is diverse and fragmented, including industries such as retail, durable goods, food and beverage, industrial, and logistics. The company distributes its products primarily through independent dealers and a direct sales program to major customers or global accounts. The dealer network consists of independent dealers located in 111 countries, supporting the company's end-user base with parts and service on a local basis. The direct sales program focuses on large customers with centralized purchasing and geographically dispersed operations, accounting for a significant portion of new lift truck revenues. The company's end-user base is broad, encompassing various industries that rely on materials handling solutions.