Hyster-Yale Materials Handling, Inc. HY Americas — Asset Impairment Charges
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Where this comes from
Reported directly by Hyster-Yale Materials Handling, Inc. in its filing.
Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.
The source filing: Hyster-Yale Materials Handling, Inc.’s 10-K, filed March 3, 2026.
- Filed
- Mar 3, 2026, 4:40 PM EST
- Fiscal year
- FY2025
- Accession
- 0001173514-26-000049
In connection with the strategic realignment of Nuvera, the Company identified indicators of impairment primarily related to the recoverability of long-lived assets, all of which negatively impacted the Company and arose from adverse developments in the geopolitical and hydrogen markets. As a result, it was determined that the carrying value of the Nuvera fixed assets exceeded the undiscounted cash flows from the assets and the carrying value of Nuvera's fixed assets exceeded the fair value. Accordingly, the Company recognized charges during the year ended December 31, 2025 of $9.6 million related to the impairment of certain long-lived assets. Additionally, in relation to programs initiated in 2024 to streamline the Company's manufacturing footprint and optimize its operations, the Company identified indicators of impairment for long-lived assets where the estimated future undiscounted cash flows generated by the asset group were less than carrying value. As a result, for the year ended December 31, 2024, the Company recorded $6.8 million of fixed asset impairments ($0.6 million in the Americas, $4.6 million in JAPIC and $1.6 million in Bolzoni) representing the amount of the assets groups carrying value in excess of its fair value.
ITEM 15(a)(1)
FAQ
- What is Hyster-Yale Materials Handling, Inc.'s americas — asset impairment charges?
- Hyster-Yale Materials Handling, Inc. (HY) reported americas — asset impairment charges of $150K in Q4 2025.
- How has Hyster-Yale Materials Handling, Inc.'s americas — asset impairment charges changed year-over-year?
- Hyster-Yale Materials Handling, Inc.'s americas — asset impairment charges decreased by 0.0% year-over-year, from $150K to $150K.
- What does americas — asset impairment charges mean?
- Non-cash charges recognized when the carrying value of an asset in the Americas segment exceeds its fair market value. These charges indicate a decline in the expected future economic benefit of specific assets.
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