What Happened?

Shares of lift truck and material handling solutions manufacturer Hyster-Yale Materials Handling (NYSE:HY) fell 20.6% in the morning session after the company reported weak third quarter earnings. Its revenue missed and its EBITDA fell short of Wall Street's estimates. The quarter revealed weakness in some geographies, such as the EMEA (Europe, Middle East, and Africa) region, as sales decreased by 21%, primarily due to supply chain challenges and lower production rates. ​The company also called out weaknesses in the lift truck market. Overall, this quarter could have been better.

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What The Market Is Telling Us

Hyster-Yale Materials Handling’s shares are somewhat volatile and have had 14 moves greater than 5% over the last year. But moves this big are rare even for Hyster-Yale Materials Handling and indicate this news significantly impacted the market’s perception of the business.

Hyster-Yale Materials Handling is down 15.6% since the beginning of the year, and at $53.15 per share, it is trading 35% below its 52-week high of $81.74 from July 2024. Investors who bought $1,000 worth of Hyster-Yale Materials Handling’s shares 5 years ago would now be looking at an investment worth $936.23.

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