FORM 10-Q (Mark One)☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934For the quarterly periodended:March 31, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934For the transition period fromtoCommission file number 000-54799HYSTER-YALE, INC.(Exact name of registrant as specified in its charter)Delaware31-1637659(State or other jurisdiction ofincorporation or organization)(I.R.S. Employer Identification No.)5875 LANDERBROOK DRIVE,SUITE 300CLEVELAND(440)OH449-960044124-4069(Address of principal executiveoffices)(Registrant's telephone number, including areacode)(Zip code)N/A(Former name, former address and former fiscalyear, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Class A Common Stock, $0.01 Par Value Per Share 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, or an emerging growth company. See the 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 is a shell company (as defined in Rule12b-2 of the Exchange Act). YES☐NO☑ Number of shares of ClassA Common Stock outstanding at May1, 2026: 14,471,276Number of shares of ClassB Common Stock outstanding at May1, 2026: 3,444,626 HYSTER-YALE, INC.TABLE OF CONTENTS Item2 Item4Controls and Procedures31 Item1Legal Proceedings31Item1ARisk Factors31Item2Unregistered Sales of Equity Securities and Use of Proceeds32Item3Defaults Upon Senior Securities32Item4Mine Safety Disclosures32Item5Other Information32Item6Exhibits32Signatures33 PART IFINANCIAL INFORMATIONItem 1. Financial Statements HYSTER-YALE, INC. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS HYSTER-YALE, INC. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) HYSTER-YALE, INC. AND SUBSIDIARIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS HYSTER-YALE, INC. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Dollars in Millions, Except Per Share Data)Note 1—Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Hyster-Yale, Inc., a Delawarecorporation, and the accounts of Hyster-Yale's wholly owned domestic and international subsidiaries and majority-owned jointventures (collectively, "Hyster-Yale" or the "Company"). All intercompany accounts and transactions among the consolidatedcompanies are eliminated in consolidation. The Company operates through its wholly owned operating subsidiaries, Hyster-YaleMaterials Handling, Inc. ("HYMH") and Bolzoni S.p.A. ("Bolzoni Group" or "Bolzoni"), Through HYMH, the Company designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments,parts, fleet management services, technology and energy solutions marketed globally, primarily under the Hyster , Yaleand Nuvera®brand names, mainly to independent Hysterand Yale retail dealerships. Lift trucks and component parts are manufactured andassembled in the United States ("U.S."), Northern Ireland, China, the Netherlands, Mexico, the Philippines, Brazil, Japan, Italy andVietnam.®®®® The Company owns a 90% majority interest in Hyster-Yale Maximal Forklift (Zhejiang) Co., Ltd. ("Hyster-Yale Maximal"), amanufacturer of low-intensity and standard lift trucks and specialized material handling equipment. Hyster-Yale Maximal also designsand produces specialized products in the port equipment and rough terrain forklift markets. Bolzoni Group manufactures precision-engineered lift truck attachments, forks, masts and lift tables designed for handling delicate andspecialized loads. These solutions are marketed under the Bolzoni , Auramoand Meyer