海斯特-耶鲁 2024年度报告

(Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended:December 31, 2024 or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934Commission File No.000-54799HYSTER-YALE, INC.(Exact name of registrant as specified in its charter)Delaware31-1637659(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)5875 Landerbrook DriveSuite 300Cleveland44124-4069OH(Zip code)(Address of principal executive offices)Registrant's telephone number, including area code:(440)449-9600Securities registered pursuant to Section12(b) of the Act:Title of each classTrading Symbol(s)Name of each exchange on which registeredClassA Common Stock, Par Value $0.01 Per ShareHYNew York Stock Exchange (Title of class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☐No☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section 15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to suchfiling requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405of RegulationS-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, oremerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and "emerging growthcompany" in Rule12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internalcontrols over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act)Yes☐No☒ Aggregate market value of ClassA Common Stock and ClassB Common Stock held by non-affiliates as of June 28,2024(the last business day ofthe registrant's most recently completed second fiscal quarter): $806,504,920 Number of shares of ClassA Common Stock outstanding at February21, 2025:14,241,627Number of shares of ClassB Common Stock outstanding at February21, 2025:3,455,679 DOCUMENTS INCORPORATED BY REFERENCEPortions of the Company's Proxy Statement for its 2025 annual meeting of stockholders are incorporated herein by reference in PartIII of this Annual Report on Form 10-K. HYSTER-YALE, INC.TABLE OF CONTENTS PART I. Item 1.BUSINESS1Item 1A.RISK FACTORS8Item 1B.UNRESOLVED STAFF COMMENTS15Item 1C.CYBERSECURITY15Item 2.PROPERTIES16Item 3.LEGAL PROCEEDINGS17Item 4.MINE SAFETY DISCLOSURES17Item 4A.INFORMATION ABOUT OUR EXECUTIVE OFFICERS17PART II.Item 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUERPURCHASES OF EQUITY SECURITIES18Item 6.[RESERVED]18Item 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS19Item 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK30Item 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA31Item 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIALDISCLOSURE31Item 9A.CONTROLS AND PROCEDURES31Item 9B.OTHER INFORMATION31Item 9C.DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS31PART III.Item 10.DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE32Item 11.EXECUTIVE COMPENSATION32Item 12.SECURITY OWNERSHIP OF CER