# EDGAR Filing Document

**Accession Number:** 0001173514
**File Stem:** 0001173514-26-000053
**Filing Date:** 2026-3
**Character Count:** 90378
**Document Hash:** 89be6398d2fedf29c36508e448f769f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001173514-26-000053.hdr.sgml**: 20260303

**ACCESSION NUMBER**: 0001173514-26-000053

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260303

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260303

**DATE AS OF CHANGE**: 20260303

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HYSTER-YALE, INC.
- **CENTRAL INDEX KEY:** 0001173514
- **STANDARD INDUSTRIAL CLASSIFICATION:** INDUSTRIAL TRUCKS TRACTORS TRAILERS & STACKERS [3537]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 311637659
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-54799
- **FILM NUMBER:** 26715554

**BUSINESS ADDRESS:**
- **STREET 1:** 5875 LANDERBROOK DRIVE
- **STREET 2:** SUITE 300
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124
- **BUSINESS PHONE:** 4404499600

**MAIL ADDRESS:**
- **STREET 1:** 5875 LANDERBROOK DRIVE
- **STREET 2:** SUITE 300
- **CITY:** CLEVELAND
- **STATE:** OH
- **ZIP:** 44124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HYSTER-YALE MATERIALS HANDLING, INC.
- **DATE OF NAME CHANGE:** 20121003

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HYSTER YALE MATERIALS HANDLING INC.
- **DATE OF NAME CHANGE:** 20120628

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NMHG HOLDING CO
- **DATE OF NAME CHANGE:** 20020515

?xml version='1.0' encoding='ASCII'? hy-20260303

    

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON, DC 20549** 

 **_______________________________________________________________________________________________________________________________________________________________________________________________________**

**FORM 8-K** 

---

| |
|:---|
| **CURRENT REPORT** |
| **Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934** |

---

---

| | | |
|:---|:---|:---|
| Date of Report (Date of earliest event reported): | Date of Report (Date of earliest event reported): | **March 3, 2026** |
| **HYSTER-YALE, INC.** | **HYSTER-YALE, INC.** | **HYSTER-YALE, INC.** |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
| Delaware | 000-54799 | 31-1637659 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| 5875 Landerbrook Drive, Suite 300 |  |  |
| Cleveland | (440) |  |
| OH | 449-9600 | 44124-4069 |
| (Address of principal executive offices) | (Registrant's telephone number, including area code) | (Zip code) |
|  | N/A |  |
| (Former name or former address, if changed since last report) | (Former name or former address, if changed since last report) | (Former name or former address, if changed since last report) |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐&nbsp;&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐&nbsp;&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Class A Common Stock, $0.01 par value per share | HY | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

    

------

**Item 2.02 Results of Operations and Financial Condition and**

**Item 7.01 Regulation FD Disclosure.**

&nbsp;&nbsp;&nbsp;&nbsp;

On March 3, 2026, Hyster-Yale, Inc. (the "Company") will post on its website at www.hyster-yale.com additional historical quarterly financial data and update the schedules that were previously posted to the website for the fourth quarter 2025 results. A copy of the data is attached as Exhibit 99 to this Current Report on Form 8-K.

This Current Report on Form 8-K and the information attached hereto are being furnished by the Company pursuant to Item 2.02 of Form 8-K, insofar as they disclose historical information regarding the Company's results of operations.

The information in this Current Report on Form 8-K, including Exhibit 99, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

**Item 9.01 Financial Statements and Exhibits.**

As described in Item 2.02 and 7.01 of this Current Report on Form 8-K, the following Exhibit is furnished as part of this Current Report on Form 8-K.

&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| (d) Exhibits | |
| 99 | <u>[Hyster-Yale, Inc. historical quarterly financial data, as posted on its website at www.hyster-yale.com on March 3, 2026.](hydataschedule123125ex99.htm)</u> |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**SIGNATURES**

&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | | |
|:---|:---|:---|:---|
| Date: | March 3, 2026 |  | HYSTER-YALE, INC. |
|  |  | By: | /s/ Dena R. McKee |
|  |  |  | Dena R. McKee |
|  |  |  | Title: Vice President, Controller and Chief Accounting Officer |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Ex-99

**EXHIBIT 99**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** |
| **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** |
| | **Revenues - Consolidated** | **Revenues - Consolidated** | **Revenues - Consolidated** | **Revenues - Consolidated** | **Revenues - Consolidated** | | **Revenues - Consolidated - % change yr. over yr.** | **Revenues - Consolidated - % change yr. over yr.** | **Revenues - Consolidated - % change yr. over yr.** | **Revenues - Consolidated - % change yr. over yr.** | **Revenues - Consolidated - % change yr. over yr.** |
| | **Q1** | **Q2** | **Q3** | **Q4** | **FY** | | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 732.2 | 765.6 | 748.2 | 829.7 | 3075.7 | **2021** | -6.8% | 17.0% | 14.7% | 15.3% | 9.4% |
| **2022** | 827.6 | 895.4 | 840.1 | 985.2 | 3548.3 | **2022** | 13.0% | 17.0% | 12.3% | 18.7% | 15.4% |
| **2023** | 999.3 | 1090.6 | 1001.2 | 1027.2 | 4118.3 | **2023** | 20.7% | 21.8% | 19.2% | 4.3% | 16.1% |
| **2024** | 1056.5 | 1168.1 | 1016.1 | 1067.5 | 4308.2 | **2024** | 5.7% | 7.1% | 1.5% | 3.9% | 4.6% |
| **2025** | 910.4 | 956.6 | 979.1 | 923.2 | 3769.3 | **2025** | -13.8% | -18.1% | -3.6% | -13.5% | -12.5% |
|  | **Gross Profit** | **Gross Profit** | **Gross Profit** | **Gross Profit** | **Gross Profit** |  | **Gross Profit %** | **Gross Profit %** | **Gross Profit %** | **Gross Profit %** | **Gross Profit %** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 118.4 | 116.4 | 65.1 | 63.5 | 363.4 | **2021** | 16.2% | 15.2% | 8.7% | 7.7% | 11.8% |
| **2022** | 101.2 | 99.1 | 86.9 | 146.7 | 433.9 | **2022** | 12.2% | 11.1% | 10.3% | 14.9% | 12.2% |
| **2023** | 174.4 | 197.9 | 203.6 | 209.7 | 785.6 | **2023** | 17.5% | 18.1% | 20.3% | 20.4% | 19.1% |
| **2024** | 235.7 | 259.3 | 192.9 | 207.6 | 895.5 | **2024** | 22.3% | 22.2% | 19.0% | 19.4% | 20.8% |
| **2025** | 177.7 | 168.2 | 155.9 | 131.0 | 632.8 | **2025** | 19.5% | 17.6% | 15.9% | 14.2% | 16.8% |
|  | **Operating Expenses** <sup>(8)(9)</sup> | **Operating Expenses** <sup>(8)(9)</sup> | **Operating Expenses** <sup>(8)(9)</sup> | **Operating Expenses** <sup>(8)(9)</sup> | **Operating Expenses** <sup>(8)(9)</sup> |  | **Operating Expenses as a % of Revenue** <sup>(8)(9)</sup> | **Operating Expenses as a % of Revenue** <sup>(8)(9)</sup> | **Operating Expenses as a % of Revenue** <sup>(8)(9)</sup> | **Operating Expenses as a % of Revenue** <sup>(8)(9)</sup> | **Operating Expenses as a % of Revenue** <sup>(8)(9)</sup> |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 115.3 | 110.5 | 119.4 | 170.5 | 515.7 | **2021** | 15.7% | 14.4% | 16.0% | 20.5% | 16.8% |
| **2022** | 119.5 | 114.8 | 111.8 | 126.9 | 473.0 | **2022** | 14.4% | 12.8% | 13.3% | 12.9% | 13.3% |
| **2023** | 131.8 | 139.1 | 145.0 | 161.0 | 576.9 | **2023** | 13.2% | 12.8% | 14.5% | 15.7% | 14.0% |
| **2024** | 151.9 | 163.7 | 159.8 | 175.3 | 650.7 | **2024** | 14.4% | 14.0% | 15.7% | 16.4% | 15.1% |
| **2025** | 156.4 | 176.7 | 153.6 | 168.2 | 654.9 | **2025** | 17.2% | 18.5% | 15.7% | 18.2% | 17.4% |
|  | **Restructuring & Impairment Charges** <sup>(6)(7)(8)(9)(10)(11)(12)(13)(14)</sup> | **Restructuring & Impairment Charges** <sup>(6)(7)(8)(9)(10)(11)(12)(13)(14)</sup> | **Restructuring & Impairment Charges** <sup>(6)(7)(8)(9)(10)(11)(12)(13)(14)</sup> | **Restructuring & Impairment Charges** <sup>(6)(7)(8)(9)(10)(11)(12)(13)(14)</sup> | **Restructuring & Impairment Charges** <sup>(6)(7)(8)(9)(10)(11)(12)(13)(14)</sup> |  |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |  |
| **2021** |  |  | 24.8 | 56.9 | 81.7 |  |  |  |  |  |  |
| **2024** |  |  | 1.2 | 21.4 | 22.6 |  |  |  |  |  |  |
| **2025** | 0.2 | 15.7 | 1.0 | 21.5 | 38.4 |  |  |  |  |  |  |
|  | **Operating Profit (Loss)** <sup>(6)(7)(8)</sup> | **Operating Profit (Loss)** <sup>(6)(7)(8)</sup> | **Operating Profit (Loss)** <sup>(6)(7)(8)</sup> | **Operating Profit (Loss)** <sup>(6)(7)(8)</sup> | **Operating Profit (Loss)** <sup>(6)(7)(8)</sup> |  | **Operating Profit (Loss) %** <sup>(6)(7)(8)</sup> | **Operating Profit (Loss) %** <sup>(6)(7)(8)</sup> | **Operating Profit (Loss) %** <sup>(6)(7)(8)</sup> | **Operating Profit (Loss) %** <sup>(6)(7)(8)</sup> | **Operating Profit (Loss) %** <sup>(6)(7)(8)</sup> |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 3.1 | 5.9 | (54.3) | (107.0) | (152.3) | **2021** | 0.4% | 0.8% | -7.3% | -12.9% | -5.0% |
| **2022** | (18.3) | (15.7) | (24.9) | 19.8 | (39.1) | **2022** | -2.2% | -1.8% | -3.0% | 2.0% | -1.1% |
| **2023** | 42.6 | 58.8 | 58.6 | 48.7 | 208.7 | **2023** | 4.3% | 5.4% | 5.9% | 4.7% | 5.1% |
| **2024** | 83.8 | 95.6 | 33.1 | 32.3 | 244.8 | **2024** | 7.9% | 8.2% | 3.3% | 3.0% | 5.7% |
| **2025** | 21.3 | (8.5) | 2.3 | (37.2) | (22.1) | **2025** | 2.3% | -0.9% | 0.2% | -4.0% | -0.6% |
|  | **Interest (Income) Expense** | **Interest (Income) Expense** | **Interest (Income) Expense** | **Interest (Income) Expense** | **Interest (Income) Expense** |  |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |  |
| **2021** | 2.7 | 3.7 | 4.0 | 4.5 | 14.9 |  |  |  |  |  |  |
| **2022** | 4.9 | 5.9 | 7.3 | 9.2 | 27.3 |  |  |  |  |  |  |
| **2023** | 9.6 | 7.8 | 8.9 | 8.4 | 34.7 |  |  |  |  |  |  |
| **2024** | 7.8 | 8.0 | 7.9 | 7.3 | 31.0 |  |  |  |  |  |  |
| **2025** | 7.0 | 7.1 | 7.4 | 7.0 | 28.5 |  |  |  |  |  |  |
|  | **Income (Loss) Before Taxes** | **Income (Loss) Before Taxes** | **Income (Loss) Before Taxes** | **Income (Loss) Before Taxes** | **Income (Loss) Before Taxes** |  | **Effective Income Tax Rate** <sup>(7)(15)</sup> | **Effective Income Tax Rate** <sup>(7)(15)</sup> | **Effective Income Tax Rate** <sup>(7)(15)</sup> | **Effective Income Tax Rate** <sup>(7)(15)</sup> | **Effective Income Tax Rate** <sup>(7)(15)</sup> |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 8.5 | (0.1) | (56.3) | (107.0) | (154.9) | **2021** | 28.2% | n.m. | -36.4% | -7.3% | -18.3% |
| **2022** | (21.3) | (21.8) | (32.4) | 13.1 | (62.4) | **2022** | -13.6% | 14.2% | -13.0% | 39.7% | -14.7% |
| **2023** | 35.9 | 50.8 | 52.6 | 41.7 | 181.0 | **2023** | 24.2% | 23.6% | 30.8% | 38.4% | 29.2% |
| **2024** | 76.9 | 90.0 | 28.1 | 24.0 | 219.0 | **2024** | 32.6% | 29.0% | 36.7% | 55.4% | 34.2% |
| **2025** | 16.8 | (13.2) | (4.6) | (41.9) | (42.9) | **2025** | 48.2% | n.m. | n.m. | -23.2% | -35.2% |

---

------

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** |
| **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** |
| | **Net Income (Loss) Attributable to Stockholders** <sup>(6)(7)</sup> | **Net Income (Loss) Attributable to Stockholders** <sup>(6)(7)</sup> | **Net Income (Loss) Attributable to Stockholders** <sup>(6)(7)</sup> | **Net Income (Loss) Attributable to Stockholders** <sup>(6)(7)</sup> | **Net Income (Loss) Attributable to Stockholders** <sup>(6)(7)</sup> | | | | | | |
| | **Q1** | **Q2** | **Q3** | **Q4** | **FY** | | | | | | |
| **2021** | 5.6 | 1.9 | (77.2) | (103.3) | (173.0) |  |  |  |  |  |  |
| **2022** | (25.0) | (19.4) | (37.3) | 7.6 | (74.1) |  |  |  |  |  |  |
| **2023** | 26.6 | 38.3 | 35.8 | 25.2 | 125.9 |  |  |  |  |  |  |
| **2024** | 51.5 | 63.3 | 17.2 | 10.3 | 142.3 |  |  |  |  |  |  |
| **2025** | 8.6 | (13.9) | (2.3) | (52.5) | (60.1) |  |  |  |  |  |  |
|  | **Depreciation and Amortization Expense** | **Depreciation and Amortization Expense** | **Depreciation and Amortization Expense** | **Depreciation and Amortization Expense** | **Depreciation and Amortization Expense** |  |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |  |
| **2021** | 11.7 | 11.6 | 11.4 | 11.5 | 46.2 |  |  |  |  |  |  |
| **2022** | 11.1 | 11.0 | 10.9 | 10.4 | 43.4 |  |  |  |  |  |  |
| **2023** | 11.2 | 11.3 | 11.3 | 11.3 | 45.1 |  |  |  |  |  |  |
| **2024** | 11.7 | 12.4 | 11.7 | 11.8 | 47.6 |  |  |  |  |  |  |
| **2025** | 11.0 | 11.8 | 11.3 | 11.7 | 45.8 |  |  |  |  |  |  |
|  | **Net Working Capital** <sup>(1)</sup> | **Net Working Capital** <sup>(1)</sup> | **Net Working Capital** <sup>(1)</sup> | **Net Working Capital** <sup>(1)</sup> | **Net Working Capital** <sup>(1)</sup> |  | **Net Working Capital as % of Revenue** <sup>(2)</sup> | **Net Working Capital as % of Revenue** <sup>(2)</sup> | **Net Working Capital as % of Revenue** <sup>(2)</sup> | **Net Working Capital as % of Revenue** <sup>(2)</sup> | **Net Working Capital as % of Revenue** <sup>(2)</sup> |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 539.7 | 645.9 | 692.4 | 697.0 | 697.0 | **2021** | 18.4% | 21.1% | 23.1% | 22.7% | 22.7% |
| **2022** | 704.7 | 751.9 | 686.2 | 715.7 | 715.7 | **2022** | 21.3% | 21.0% | 20.4% | 20.2% | 20.2% |
| **2023** | 763.0 | 809.0 | 777.8 | 783.0 | 783.0 | **2023** | 19.1% | 18.5% | 19.4% | 19.0% | 19.0% |
| **2024** | 789.6 | 855.9 | 863.9 | 787.2 | 787.2 | **2024** | 18.7% | 18.3% | 21.3% | 18.3% | 18.3% |
| **2025** | 804.7 | 814.3 | 784.9 | 722.7 | 722.7 | **2025** | 22.1% | 21.3% | 20.0% | 19.2% | 19.2% |
|  | **Capital Expenditures** | **Capital Expenditures** | **Capital Expenditures** | **Capital Expenditures** | **Capital Expenditures** |  |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |  |
| **2021** | 7.7 | 10.4 | 11.4 | 14.8 | 44.3 |  |  |  |  |  |  |
| **2022** | 9.7 | 5.6 | 4.4 | 9.1 | 28.8 |  |  |  |  |  |  |
| **2023** | 3.3 | 7.3 | 8.3 | 16.5 | 35.4 |  |  |  |  |  |  |
| **2024** | 7.5 | 12.2 | 10.2 | 17.9 | 47.8 |  |  |  |  |  |  |
| **2025** | 10.6 | 13.8 | 14.5 | 23.6 | 62.5 |  |  |  |  |  |  |
|  | **Net Cash Provided By (Used For) Operating Activities** | **Net Cash Provided By (Used For) Operating Activities** | **Net Cash Provided By (Used For) Operating Activities** | **Net Cash Provided By (Used For) Operating Activities** | **Net Cash Provided By (Used For) Operating Activities** |  |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |  |
| **2021** | (47.1) | (53.6) | (91.1) | (61.7) | (253.5) |  |  |  |  |  |  |
| **2022** | 59.1 | (58.9) | 34.1 | 6.3 | 40.6 |  |  |  |  |  |  |
| **2023** | 9.0 | 35.8 | 60.3 | 45.6 | 150.7 |  |  |  |  |  |  |
| **2024** | 22.4 | (2.5) | 70.1 | 80.7 | 170.7 |  |  |  |  |  |  |
| **2025** | (36.4) | 28.9 | 37.1 | 56.5 | 86.1 |  |  |  |  |  |  |
|  | **Net Cash Provided By (Used For) Investing Activities** | **Net Cash Provided By (Used For) Investing Activities** | **Net Cash Provided By (Used For) Investing Activities** | **Net Cash Provided By (Used For) Investing Activities** | **Net Cash Provided By (Used For) Investing Activities** |  |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |  |
| **2021** | 9.5 | (8.7) | (10.9) | (14.4) | (24.5) |  |  |  |  |  |  |
| **2022** | (9.3) | (13.6) | (4.3) | (8.2) | (35.4) |  |  |  |  |  |  |
| **2023** | (5.0) | (6.9) | (7.9) | (14.7) | (34.5) |  |  |  |  |  |  |
| **2024** | (7.0) | (11.7) | (12.0) | (16.9) | (47.6) |  |  |  |  |  |  |
| **2025** | (10.3) | (15.3) | (14.2) | (22.9) | (62.7) |  |  |  |  |  |  |
|  | **Cash Flow Before Financing Activities** <sup>(3)</sup> | **Cash Flow Before Financing Activities** <sup>(3)</sup> | **Cash Flow Before Financing Activities** <sup>(3)</sup> | **Cash Flow Before Financing Activities** <sup>(3)</sup> | **Cash Flow Before Financing Activities** <sup>(3)</sup> |  |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |  |
| **2021** | (37.6) | (62.3) | (102.0) | (76.1) | (278.0) |  |  |  |  |  |  |
| **2022** | 49.8 | (72.5) | 29.8 | (1.9) | 5.2 |  |  |  |  |  |  |
| **2023** | 4.0 | 28.9 | 52.4 | 30.9 | 116.2 |  |  |  |  |  |  |
| **2024** | 15.4 | (14.2) | 58.1 | 63.8 | 123.1 |  |  |  |  |  |  |
| **2025** | (46.7) | 13.6 | 22.9 | 33.6 | 23.4 |  |  |  |  |  |  |

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** |
| **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** |
| | **Net Cash Provided By (Used For) Financing Activities** | **Net Cash Provided By (Used For) Financing Activities** | **Net Cash Provided By (Used For) Financing Activities** | **Net Cash Provided By (Used For) Financing Activities** | **Net Cash Provided By (Used For) Financing Activities** | | | | | |
| | **Q1** | **Q2** | **Q3** | **Q4** | **FY** | | | | | |
| **2021** | (8.0) | 45.5 | 77.2 | 78.9 | 193.6 |  |  |  |  |  |
| **2022** | (50.9) | 84.4 | (35.4) | (9.0) | (10.9) |  |  |  |  |  |
| **2023** | (2.5) | (26.4) | (40.2) | (31.4) | (100.5) |  |  |  |  |  |
| **2024** | (30.5) | 19.1 | (50.8) | (37.9) | (100.1) |  |  |  |  |  |
| **2025** | 25.9 | (26.2) | (18.1) | 17.6 | (0.8) |  |  |  |  |  |
|  | **Dividends Paid to Stockholders** | **Dividends Paid to Stockholders** | **Dividends Paid to Stockholders** | **Dividends Paid to Stockholders** | **Dividends Paid to Stockholders** |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |
| **2021** | 5.3 | 5.4 | 5.5 | 5.4 | 21.6 |  |  |  |  |  |
| **2022** | 5.4 | 5.5 | 5.5 | 5.4 | 21.8 |  |  |  |  |  |
| **2023** | 5.6 | 5.5 | 5.6 | 5.6 | 22.3 |  |  |  |  |  |
| **2024** | 5.7 | 6.1 | 6.1 | 6.1 | 24.0 |  |  |  |  |  |
| **2025** | 6.2 | 7.7 | 6.3 | 6.5 | 26.7 |  |  |  |  |  |
|  | **Total Debt** | **Total Debt** | **Total Debt** | **Total Debt** | **Total Debt** |  | **Debt to Total Capitalization** <sup>(4)</sup> | **Debt to Total Capitalization** <sup>(4)</sup> | **Debt to Total Capitalization** <sup>(4)</sup> | **Debt to Total Capitalization** <sup>(4)</sup> |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **FY** |
| **2021** | 285.4 | 345.7 | 428.0 | 518.5 | 518.5 | **2021** | 31.7% | 35.4% | 45.6% | 57.5% |
| **2022** | 479.0 | 580.6 | 545.0 | 552.9 | 552.9 | **2022** | 57.7% | 72.2% | 80.1% | 71.1% |
| **2023** | 560.6 | 542.3 | 510.6 | 494.0 | 494.0 | **2023** | 67.3% | 63.9% | 61.4% | 54.8% |
| **2024** | 474.8 | 501.9 | 468.5 | 440.7 | 440.7 | **2024** | 52.5% | 51.0% | 46.0% | 47.1% |
| **2025** | 484.0 | 473.2 | 467.8 | 494.3 | 494.3 | **2025** | 47.8% | 46.5% | 46.4% | 50.9% |
|  | **Total Equity** | **Total Equity** | **Total Equity** | **Total Equity** | **Total Equity** |  | **Return on Equity** <sup>(5)</sup> | **Return on Equity** <sup>(5)</sup> | **Return on Equity** <sup>(5)</sup> | **Return on Equity** <sup>(5)</sup> |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **FY** |
| **2021** | 615.8 | 630.0 | 510.2 | 382.9 | 382.9 | **2021** | 4.6% | 4.2% | -9.4% | -31.0% |
| **2022** | 351.5 | 223.4 | 135.2 | 225.1 | 225.1 | **2022** | -40.9% | -53.6% | -57.7% | -28.1% |
| **2023** | 272.3 | 306.2 | 320.6 | 406.8 | 406.8 | **2023** | -9.3% | 15.1% | 43.0% | 41.1% |
| **2024** | 429.3 | 482.1 | 549.0 | 494.1 | 494.1 | **2024** | 43.5% | 45.2% | 35.9% | 30.1% |
| **2025** | 529.4 | 563.4 | 555.4 | 492.4 | 492.4 | **2025** | 20.0% | 30.2% | 35.9% | -11.4% |
| (1) | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. | Net working capital is equal to accounts receivable, net plus inventories, net less accounts payable. |
| (2) | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. | Net working capital as a percentage of revenue is equal to net working capital divided by annualized revenues for the quarter and the annual revenue at year end. |
| (3) | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. | Cash flow before financing activities is equal to net cash provided by (used for) operating activities plus net cash provided by (used for) investing activities. |
| (4) | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. | Debt to total capitalization is equal to total debt divided by total debt plus permanent equity. |
| (5) | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. | Return on equity is equal to the sum of the trailing 4 quarters net income divided by average equity calculated over the last 5 quarters. |
| (6) | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. |
| (7) | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. | During the third and fourth quarters of 2021, the Company recognized a valuation allowance of $38.4 million and $20.2 million, respectively, provided against deferred tax assets. |
| (8) | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. | During the third quarter of 2024, JAPIC recognized $1.0 million and Americas recognized $0.2 million in restructuring & impairment charges. |
| (9) | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. | During the fourth quarter of 2024, the Company recognized $17.1 million ($6.8 million in the Americas, $2.7 million in EMEA and $7.6 million in JAPIC), Bolzoni recognized $4.3 million of restructuring & impairment charges. |
| (10) | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, the Company recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. |
| (11) | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). |
| (12) | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas |
| (13) | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. | During the fourth quarter of 2025, the Company recognized $21.5 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC), Bolzoni recognized $3.2 million of restructuring & impairment charges. |
| (14) | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. | Restructuring and impairment charges are included in Gross Profit (Loss) and Operating Expenses as noted above. |
| (15) | "n.m." - not meaningful | "n.m." - not meaningful | "n.m." - not meaningful | "n.m." - not meaningful | "n.m." - not meaningful | "n.m." - not meaningful | "n.m." - not meaningful | "n.m." - not meaningful | "n.m." - not meaningful | "n.m." - not meaningful |

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|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** | **<u>Hyster-Yale, Inc.</u>** |
| **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** |
| **Non-GAAP Reconciliation of ROTCE** | **Non-GAAP Reconciliation of ROTCE** | **Non-GAAP Reconciliation of ROTCE** | **Non-GAAP Reconciliation of ROTCE** | **Non-GAAP Reconciliation of ROTCE** | **Non-GAAP Reconciliation of ROTCE** | **Non-GAAP Reconciliation of ROTCE** | **Non-GAAP Reconciliation of ROTCE** |
|  |  | **2019** | **2021** | **2022** | **2023** | **2024** | **2025** <sup>(4)</sup> |
| Average Stockholders' Equity <sup>(1)</sup> | Average Stockholders' Equity <sup>(1)</sup> | 527.8 | 525.5 | 241.9 | 288.9 | 454.4 | 507.6 |
| Average Debt <sup>(1)</sup> | Average Debt <sup>(1)</sup> | 324.0 | 373.4 | 535.2 | 532.2 | 476.0 | 472.0 |
| Average Cash <sup>(1)</sup> | Average Cash <sup>(1)</sup> | (63.4) | (93.8) | (66.8) | (69.3) | (75.9) | (87.0) |
| Average Capital Employed | Average Capital Employed | 788.4 | 805.1 | 710.3 | 751.8 | 854.5 | 892.6 |
| Net Income (Loss) | Net Income (Loss) | 35.8 | (173.0) | (74.1) | 125.9 | 142.3 | (60.1) |
| Plus: Interest Expense, Net | Plus: Interest Expense, Net | 18.0 | 14.9 | 27.3 | 34.7 | 31.0 | 28.5 |
| Plus: Restructuring and Impairment Charges | Plus: Restructuring and Impairment Charges | 18.0 | 70.0 |  |  | 22.6 | 38.4 |
| Plus: Tax Valuation on Deferred Tax Assets | Plus: Tax Valuation on Deferred Tax Assets |  | 58.6 |  |  |  |  |
| Less: Income Taxes on Interest Expense, Net <sup>(2)</sup> | Less: Income Taxes on Interest Expense, Net <sup>(2)</sup> | (4.7) | (3.9) | (6.8) | (8.7) | (8.1) | (10.0) |
| Less: Income Taxes on Restructuring and Impairment Charges <sup>(2)</sup> | Less: Income Taxes on Restructuring and Impairment Charges <sup>(2)</sup> |  |  |  |  | (5.9) | (7.4) |
| Actual Return on Capital Employed <sup>(3)</sup> | Actual Return on Capital Employed <sup>(3)</sup> | 67.1 | (33.4) | (53.6) | 151.9 | 181.9 | (10.6) |
| Actual Return on Total Capital Employed Percentage <sup>(3)</sup> | Actual Return on Total Capital Employed Percentage <sup>(3)</sup> | 8.5% | (4.1)% | (7.5)% | 20.2% | 21.3% | (1.2)% |
| (1) | Average stockholder's equity, debt and cash are calculated using the quarter ends and year ends of each respective year. | Average stockholder's equity, debt and cash are calculated using the quarter ends and year ends of each respective year. | Average stockholder's equity, debt and cash are calculated using the quarter ends and year ends of each respective year. | Average stockholder's equity, debt and cash are calculated using the quarter ends and year ends of each respective year. | Average stockholder's equity, debt and cash are calculated using the quarter ends and year ends of each respective year. | Average stockholder's equity, debt and cash are calculated using the quarter ends and year ends of each respective year. | Average stockholder's equity, debt and cash are calculated using the quarter ends and year ends of each respective year. |
| (2) | Tax rate used is the Company's target U.S. marginal tax rate. Rates used were 26% for 2021, 2024 and 2025, 25% for 2022 and 2023. | Tax rate used is the Company's target U.S. marginal tax rate. Rates used were 26% for 2021, 2024 and 2025, 25% for 2022 and 2023. | Tax rate used is the Company's target U.S. marginal tax rate. Rates used were 26% for 2021, 2024 and 2025, 25% for 2022 and 2023. | Tax rate used is the Company's target U.S. marginal tax rate. Rates used were 26% for 2021, 2024 and 2025, 25% for 2022 and 2023. | Tax rate used is the Company's target U.S. marginal tax rate. Rates used were 26% for 2021, 2024 and 2025, 25% for 2022 and 2023. | Tax rate used is the Company's target U.S. marginal tax rate. Rates used were 26% for 2021, 2024 and 2025, 25% for 2022 and 2023. | Tax rate used is the Company's target U.S. marginal tax rate. Rates used were 26% for 2021, 2024 and 2025, 25% for 2022 and 2023. |
| (3) | Return on total capital employed is provided solely as a supplemental disclosure with respect to income generation because management believes it provides useful information with respect to earnings in a form that is comparable to the Company's cost of capital employed, which includes both equity and debt securities, net of cash. | Return on total capital employed is provided solely as a supplemental disclosure with respect to income generation because management believes it provides useful information with respect to earnings in a form that is comparable to the Company's cost of capital employed, which includes both equity and debt securities, net of cash. | Return on total capital employed is provided solely as a supplemental disclosure with respect to income generation because management believes it provides useful information with respect to earnings in a form that is comparable to the Company's cost of capital employed, which includes both equity and debt securities, net of cash. | Return on total capital employed is provided solely as a supplemental disclosure with respect to income generation because management believes it provides useful information with respect to earnings in a form that is comparable to the Company's cost of capital employed, which includes both equity and debt securities, net of cash. | Return on total capital employed is provided solely as a supplemental disclosure with respect to income generation because management believes it provides useful information with respect to earnings in a form that is comparable to the Company's cost of capital employed, which includes both equity and debt securities, net of cash. | Return on total capital employed is provided solely as a supplemental disclosure with respect to income generation because management believes it provides useful information with respect to earnings in a form that is comparable to the Company's cost of capital employed, which includes both equity and debt securities, net of cash. | Return on total capital employed is provided solely as a supplemental disclosure with respect to income generation because management believes it provides useful information with respect to earnings in a form that is comparable to the Company's cost of capital employed, which includes both equity and debt securities, net of cash. |
| (4) | LTM 12/31/25 average stockholders' equity, debt and cash are calculated using the quarters ending 12/31/24, 3/31/25, 6/30/25, 9/30/25 and 12/31/2025. | LTM 12/31/25 average stockholders' equity, debt and cash are calculated using the quarters ending 12/31/24, 3/31/25, 6/30/25, 9/30/25 and 12/31/2025. | LTM 12/31/25 average stockholders' equity, debt and cash are calculated using the quarters ending 12/31/24, 3/31/25, 6/30/25, 9/30/25 and 12/31/2025. | LTM 12/31/25 average stockholders' equity, debt and cash are calculated using the quarters ending 12/31/24, 3/31/25, 6/30/25, 9/30/25 and 12/31/2025. | LTM 12/31/25 average stockholders' equity, debt and cash are calculated using the quarters ending 12/31/24, 3/31/25, 6/30/25, 9/30/25 and 12/31/2025. | LTM 12/31/25 average stockholders' equity, debt and cash are calculated using the quarters ending 12/31/24, 3/31/25, 6/30/25, 9/30/25 and 12/31/2025. | LTM 12/31/25 average stockholders' equity, debt and cash are calculated using the quarters ending 12/31/24, 3/31/25, 6/30/25, 9/30/25 and 12/31/2025. |

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** |
| **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** |
| | **Revenues - Americas** <sup>(8)</sup> | **Revenues - Americas** <sup>(8)</sup> | **Revenues - Americas** <sup>(8)</sup> | **Revenues - Americas** <sup>(8)</sup> | **Revenues - Americas** <sup>(8)</sup> | | **Revenues - Americas - % change yr. over yr.** | **Revenues - Americas - % change yr. over yr.** | **Revenues - Americas - % change yr. over yr.** | **Revenues - Americas - % change yr. over yr.** | **Revenues - Americas - % change yr. over yr.** |
| | **Q1** | **Q2** | **Q3** | **Q4** | **FY** | | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 459.7 | 479.2 | 494.3 | 551.6 | 1984.8 | **2021** | -16.5% | 5.3% | 15.8% | 20.2% | 4.9% |
| **2022** | 558.3 | 596.9 | 571.4 | 680.1 | 2406.7 | **2022** | 21.4% | 24.6% | 15.6% | 23.3% | 21.3% |
| **2023** | 686.3 | 788.5 | 717.5 | 708.3 | 2900.6 | **2023** | 22.9% | 32.1% | 25.6% | 4.1% | 20.5% |
| **2024** | 770.2 | 881.7 | 771.4 | 800.6 | 3223.9 | **2024** | 12.2% | 11.8% | 7.5% | 13.0% | 11.1% |
| **2025** | 698.9 | 707.5 | 732.7 | 676.8 | 2815.9 | **2025** | -9.3% | -19.8% | -5.0% | -15.5% | -12.7% |
|  | **Revenues - EMEA** | **Revenues - EMEA** | **Revenues - EMEA** | **Revenues - EMEA** | **Revenues - EMEA** |  | **Revenues - EMEA - % change yr. over yr.** | **Revenues - EMEA - % change yr. over yr.** | **Revenues - EMEA - % change yr. over yr.** | **Revenues - EMEA - % change yr. over yr.** | **Revenues - EMEA - % change yr. over yr.** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 170.7 | 175.1 | 153.4 | 179.7 | 678.9 | **2021** | 12.2% | 45.8% | 6.7% | 4.1% | 15.3% |
| **2022** | 169.7 | 184.8 | 159.4 | 190.3 | 704.2 | **2022** | -0.6% | 5.5% | 3.9% | 5.9% | 3.7% |
| **2023** | 214.9 | 200.6 | 183.9 | 221.1 | 820.5 | **2023** | 26.6% | 8.5% | 15.4% | 16.2% | 16.5% |
| **2024** | 199.4 | 187.8 | 145.0 | 175.4 | 707.6 | **2024** | -7.2% | -6.4% | -21.2% | -20.7% | -13.8% |
| **2025** | 118.2 | 148.3 | 150.1 | 153.3 | 569.9 | **2025** | -40.7% | -21.0% | 3.5% | -12.6% | -19.5% |
|  | **Revenues - JAPIC** | **Revenues - JAPIC** | **Revenues - JAPIC** | **Revenues - JAPIC** | **Revenues - JAPIC** |  | **Revenues - JAPIC - % change yr. over yr.** | **Revenues - JAPIC - % change yr. over yr.** | **Revenues - JAPIC - % change yr. over yr.** | **Revenues - JAPIC - % change yr. over yr.** | **Revenues - JAPIC - % change yr. over yr.** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 60.5 | 65.0 | 56.1 | 52.3 | 233.9 | **2021** | 35.7% | 35.4% | 16.9% | -0.4% | 21.1% |
| **2022** | 51.7 | 64.9 | 65.5 | 67.9 | 250.0 | **2022** | -14.5% | -0.2% | 16.8% | 29.8% | 6.9% |
| **2023** | 47.9 | 49.6 | 51.6 | 52.0 | 201.1 | **2023** | -7.4% | -23.6% | -21.2% | -23.4% | -19.6% |
| **2024** | 37.7 | 48.7 | 51.3 | 46.0 | 183.7 | **2024** | -21.3% | -1.8% | -0.6% | -11.5% | -8.7% |
| **2025** | 47.3 | 48.4 | 46.5 | 41.3 | 183.5 | **2025** | 25.5% | -0.6% | -9.4% | -10.2% | -0.1% |
|  | **Revenues - Lift Truck Business** <sup>(8)</sup> | **Revenues - Lift Truck Business** <sup>(8)</sup> | **Revenues - Lift Truck Business** <sup>(8)</sup> | **Revenues - Lift Truck Business** <sup>(8)</sup> | **Revenues - Lift Truck Business** <sup>(8)</sup> |  | **Revenues - Lift Truck Business - % change yr. over yr.** | **Revenues - Lift Truck Business - % change yr. over yr.** | **Revenues - Lift Truck Business - % change yr. over yr.** | **Revenues - Lift Truck Business - % change yr. over yr.** | **Revenues - Lift Truck Business - % change yr. over yr.** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 690.9 | 719.3 | 703.8 | 783.6 | 2897.6 | **2021** | -7.6% | 15.5% | 13.8% | 14.6% | 8.4% |
| **2022** | 779.7 | 846.6 | 796.3 | 938.3 | 3360.9 | **2022** | 12.9% | 17.7% | 13.1% | 19.7% | 16.0% |
| **2023** | 949.1 | 1038.7 | 953.0 | 981.4 | 3922.2 | **2023** | 21.7% | 22.7% | 19.7% | 4.6% | 16.7% |
| **2024** | 1007.3 | 1118.2 | 967.7 | 1022.0 | 4115.2 | **2024** | 6.1% | 7.7% | 1.5% | 4.1% | 4.9% |
| **2025** | 864.4 | 904.2 | 929.3 | 871.4 | 3569.3 | **2025** | -14.2% | -19.1% | -4.0% | -14.7% | -13.3% |
|  | **Gross Profit - Lift Truck Business** <sup>(8)</sup> | **Gross Profit - Lift Truck Business** <sup>(8)</sup> | **Gross Profit - Lift Truck Business** <sup>(8)</sup> | **Gross Profit - Lift Truck Business** <sup>(8)</sup> | **Gross Profit - Lift Truck Business** <sup>(8)</sup> |  | **Gross Profit %** | **Gross Profit %** | **Gross Profit %** | **Gross Profit %** | **Gross Profit %** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 102.1 | 100.7 | 50.4 | 50.0 | 303.2 | **2021** | 14.8% | 14.0% | 7.2% | 6.4% | 10.5% |
| **2022** | 84.0 | 79.7 | 72.6 | 127.5 | 363.8 | **2022** | 10.8% | 9.4% | 9.1% | 13.6% | 10.8% |
| **2023** | 153.5 | 175.2 | 184.1 | 190.4 | 703.2 | **2023** | 16.2% | 16.9% | 19.3% | 19.4% | 17.9% |
| **2024** | 213.3 | 236.9 | 169.9 | 190.0 | 810.1 | **2024** | 21.2% | 21.2% | 17.6% | 18.6% | 19.7% |
| **2025** | 158.8 | 146.8 | 134.3 | 111.8 | 551.7 | **2025** | 18.4% | 16.2% | 14.5% | 12.8% | 15.5% |

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** | **<u>Lift Truck Business</u>** |
| **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** |
| | **Operating Expenses**<sup>(1) (2) (8)</sup> | **Operating Expenses**<sup>(1) (2) (8)</sup> | **Operating Expenses**<sup>(1) (2) (8)</sup> | **Operating Expenses**<sup>(1) (2) (8)</sup> | **Operating Expenses**<sup>(1) (2) (8)</sup> | | **Operating Expenses as a % of revenues**<sup>(1) (2)</sup> | **Operating Expenses as a % of revenues**<sup>(1) (2)</sup> | **Operating Expenses as a % of revenues**<sup>(1) (2)</sup> | **Operating Expenses as a % of revenues**<sup>(1) (2)</sup> | **Operating Expenses as a % of revenues**<sup>(1) (2)</sup> |
| | **Q1** | **Q2** | **Q3** | **Q4** | **FY** | | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 99.7 | 94.3 | 104.2 | 154.2 | 452.4 | **2021** | 14.4% | 13.1% | 14.8% | 19.7% | 15.6% |
| **2022** | 102.8 | 99.3 | 96.8 | 109.6 | 305.7 | **2022** | —% | 11.7% | 12.2% | 11.7% | 9.1% |
| **2023** | 115.5 | 121.9 | 128.4 | 144.2 | 510.0 | **2023** | 12.2% | 11.7% | 13.5% | 14.7% | 13.0% |
| **2024** | 133.4 | 145.3 | 142.7 | 153.0 | 574.4 | **2024** | 13.2% | 13.0% | 14.7% | 15.0% | 14.0% |
| **2025** | 138.5 | 157.7 | 134.3 | 145.3 | 575.8 | **2025** | 16.0% | 17.4% | 14.5% | 16.7% | 16.1% |
|  | **Restructuring & Impairment Charges** <sup>(1)(2)(3)(4)(5)(6)(7)(8)</sup> | **Restructuring & Impairment Charges** <sup>(1)(2)(3)(4)(5)(6)(7)(8)</sup> | **Restructuring & Impairment Charges** <sup>(1)(2)(3)(4)(5)(6)(7)(8)</sup> | **Restructuring & Impairment Charges** <sup>(1)(2)(3)(4)(5)(6)(7)(8)</sup> | **Restructuring & Impairment Charges** <sup>(1)(2)(3)(4)(5)(6)(7)(8)</sup> |  |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |  |
| **2021** |  |  | 24.8 | 56.9 | 81.7 |  |  |  |  |  |  |
| **2024** |  |  | 1.2 | 17.1 | 18.3 |  |  |  |  |  |  |
| **2025** | 0.2 | 15.7 | 1.0 | 18.3 | 35.2 |  |  |  |  |  |  |
|  | **Operating Profit (Loss)**<sup>(1) (2) (8)</sup> | **Operating Profit (Loss)**<sup>(1) (2) (8)</sup> | **Operating Profit (Loss)**<sup>(1) (2) (8)</sup> | **Operating Profit (Loss)**<sup>(1) (2) (8)</sup> | **Operating Profit (Loss)**<sup>(1) (2) (8)</sup> |  | **Operating Profit (Loss) %**<sup>(1) (2)</sup> | **Operating Profit (Loss) %**<sup>(1) (2)</sup> | **Operating Profit (Loss) %**<sup>(1) (2)</sup> | **Operating Profit (Loss) %**<sup>(1) (2)</sup> | **Operating Profit (Loss) %**<sup>(1) (2)</sup> |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 2.4 | 6.4 | (53.8) | (104.2) | (149.2) | **2021** | 0.3% | 0.9% | -7.6% | -13.3% | -5.1% |
| **2022** | (18.8) | (19.6) | (24.2) | 17.9 | (44.7) | **2022** | -2.4% | -2.3% | -3.0% | 1.9% | -1.3% |
| **2023** | 38.4 | 51.0 | 53.3 | 45.9 | 188.6 | **2023** | 4.0% | 4.9% | 5.6% | 4.7% | 4.8% |
| **2024** | 79.9 | 91.6 | 27.2 | 37.0 | 235.7 | **2024** | 7.9% | 8.2% | 2.8% | 3.6% | 5.7% |
| **2025** | 20.3 | (10.9) |  | (33.5) | (24.1) | **2025** | 2.3% | -1.2% | —% | -3.8% | -0.7% |
| (1) | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. | During the fourth quarter of 2021, JAPIC recognized a $55.6 million goodwill impairment charge, of which $11.7 million related to the non-controlling interest share. |
| (2) | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. | During the third quarter and fourth quarter of 2024, Lift Truck recognized restructuring & impairment charges of $1.0 million ($1.0 million in the JAPIC segment) and $16.8 million ($6.8 million in the Americas, $2.4 million in EMEA and $7.6 million in JAPIC), respectively. |
| (3) | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. | During the first quarter of 2025, Lift Truck recognized $0.2 million ($0.7 million in the Americas, ($1.3 million) reversal in EMEA and $0.8 million in JAPIC) of restructuring charges. |
| (4) | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). | During the second quarter of 2025, the Company recognized restructuring and impairment charges of $15.7 million ($15.9 million in the Americas, $(0.3) million in EMEA and $0.1 million in JAPIC). |
| (5) | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. | During the third quarter of 2025, the Company recognized restructuring and impairment charges of $1.0 million in the Americas. |
| (6) | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). | During the fourth quarter of 2025, the Company recognized restructuring and impairment charges of $18.3 million ($11.2 million in the Americas, $6.1 million in EMEA and $1.0 million in JAPIC). |
| (7) | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. |
| (8) | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. | The historical and current results of the former Nuvera segment are now presented within the Americas operating segment. |

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| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** | **<u>Bolzoni</u>** |
| **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** | **<u>(in millions of $, except percentage data)</u>** |
| | **Revenues** | **Revenues** | **Revenues** | **Revenues** | **Revenues** | | **Revenues - Bolzoni - % change yr. over yr.** | **Revenues - Bolzoni - % change yr. over yr.** | **Revenues - Bolzoni - % change yr. over yr.** | **Revenues - Bolzoni - % change yr. over yr.** | **Revenues - Bolzoni - % change yr. over yr.** |
| | **Q1** | **Q2** | **Q3** | **Q4** | **FY** | | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 79.5 | 84.8 | 90.0 | 93.5 | 347.8 | **2021** | -9.6% | 32.1% | 42.2% | 36.9% | 22.6% |
| **2022** | 95.1 | 86.4 | 82.2 | 92.0 | 355.7 | **2022** | 19.6% | 1.9% | -8.7% | -1.6% | 2.3% |
| **2023** | 98.6 | 96.6 | 92.8 | 87.3 | 375.3 | **2023** | 3.7% | 11.8% | 12.9% | -5.1% | 5.5% |
| **2024** | 96.2 | 102.4 | 97.6 | 82.9 | 379.1 | **2024** | -2.4% | 6.0% | 5.2% | -5.0% | 1.0% |
| **2025** | 80.3 | 90.6 | 87.0 | 75.2 | 333.1 | **2025** | -16.5% | -11.5% | -10.9% | -9.3% | -12.1% |
|  | **Gross Profit (Loss)** | **Gross Profit (Loss)** | **Gross Profit (Loss)** | **Gross Profit (Loss)** | **Gross Profit (Loss)** |  | **Gross Profit %** | **Gross Profit %** | **Gross Profit %** | **Gross Profit %** | **Gross Profit %** |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 16.4 | 15.8 | 15.2 | 14.1 | 61.5 | **2021** | 20.6% | 18.6% | 16.9% | 15.1% | 17.7% |
| **2022** | 18.8 | 18.9 | 13.7 | 19.3 | 70.7 | **2022** | 19.8% | 21.9% | 16.7% | 21.0% | 19.9% |
| **2023** | 20.7 | 22.6 | 19.5 | 19.4 | 82.2 | **2023** | 21.0% | 23.4% | 21.0% | 22.2% | 21.9% |
| **2024** | 21.8 | 22.4 | 23.3 | 17.9 | 85.4 | **2024** | 22.7% | 21.9% | 23.9% | 21.6% | 22.5% |
| **2025** | 18.5 | 21.4 | 21.4 | 18.1 | 79.4 | **2025** | 23.0% | 23.6% | 24.6% | 24.1% | 23.8% |
|  | **Operating Expenses** <sup>(1) (2)</sup> | **Operating Expenses** <sup>(1) (2)</sup> | **Operating Expenses** <sup>(1) (2)</sup> | **Operating Expenses** <sup>(1) (2)</sup> | **Operating Expenses** <sup>(1) (2)</sup> |  | **Operating Expenses as a % of revenues** <sup>(1) (2)</sup> | **Operating Expenses as a % of revenues** <sup>(1) (2)</sup> | **Operating Expenses as a % of revenues** <sup>(1) (2)</sup> | **Operating Expenses as a % of revenues** <sup>(1) (2)</sup> | **Operating Expenses as a % of revenues** <sup>(1) (2)</sup> |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 15.6 | 16.2 | 15.2 | 16.3 | 63.3 | **2021** | 19.6% | 19.1% | 16.9% | 17.4% | 18.2% |
| **2022** | 16.7 | 15.5 | 15.0 | 17.3 | 64.5 | **2022** | 17.6% | 17.9% | 18.2% | 18.8% | 18.1% |
| **2023** | 16.3 | 17.2 | 16.6 | 16.8 | 66.9 | **2023** | 16.5% | 17.8% | 17.9% | 19.2% | 17.8% |
| **2024** | 18.5 | 18.4 | 17.1 | 22.3 | 76.3 | **2024** | 19.2% | 18.0% | 17.5% | 26.9% | 20.1% |
| **2025** | 17.9 | 19.0 | 19.3 | 22.9 | 79.1 | **2025** | 22.3% | 21.0% | 22.2% | 30.5% | 23.7% |
|  | **Restructuring & Impairment Charges** <sup>(1) (2) (3)</sup> | **Restructuring & Impairment Charges** <sup>(1) (2) (3)</sup> | **Restructuring & Impairment Charges** <sup>(1) (2) (3)</sup> | **Restructuring & Impairment Charges** <sup>(1) (2) (3)</sup> | **Restructuring & Impairment Charges** <sup>(1) (2) (3)</sup> |  |  |  |  |  |  |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  |  |  |  |  |  |
| **2024** |  |  |  | 4.3 | 4.3 |  |  |  |  |  |  |
| **2025** |  |  |  | 3.2 | 3.2 |  |  |  |  |  |  |
|  | **Operating Profit (Loss)** <sup>(1) (2)</sup> | **Operating Profit (Loss)** <sup>(1) (2)</sup> | **Operating Profit (Loss)** <sup>(1) (2)</sup> | **Operating Profit (Loss)** <sup>(1) (2)</sup> | **Operating Profit (Loss)** <sup>(1) (2)</sup> |  | **Operating Profit (Loss) %** <sup>(1) (2)</sup> | **Operating Profit (Loss) %** <sup>(1) (2)</sup> | **Operating Profit (Loss) %** <sup>(1) (2)</sup> | **Operating Profit (Loss) %** <sup>(1) (2)</sup> | **Operating Profit (Loss) %** <sup>(1) (2)</sup> |
|  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |  | **Q1** | **Q2** | **Q3** | **Q4** | **FY** |
| **2021** | 0.8 | (0.4) |  | (2.2) | (1.8) | **2021** | 1.0% | -0.5% | —% | -2.4% | -0.5% |
| **2022** | 2.1 | 3.4 | (1.3) | 2.0 | 6.2 | **2022** | 2.2% | 3.9% | -1.6% | 2.2% | 1.7% |
| **2023** | 4.4 | 5.4 | 2.9 | 2.6 | 15.3 | **2023** | 4.5% | 5.6% | 3.1% | 3.0% | 4.1% |
| **2024** | 3.3 | 4.0 | 6.2 | (4.4) | 9.1 | **2024** | 3.4% | 3.9% | 6.4% | -5.3% | 2.4% |
| **2025** | 0.6 | 2.4 | 2.1 | (4.8) | 0.3 | **2025** | 0.7% | 2.6% | 2.4% | -6.4% | 0.1% |
| (1) | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. | During the fourth quarter of 2024, Bolzoni recognized a $4.3 million restructuring & impairment charge. |
| (2) | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. | During the fourth quarter of 2025, Bolzoni recognized a $3.2 million restructuring & impairment charge. |
| (3) | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. | Restructuring and impairment charges are included in Operating Expenses as noted above. |

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