Hyster-Yale Materials Handling, Inc. HY Impairment Charges
Discontinued — last reported Q3 '25
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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-Q, filed November 4, 2025.
- Filed
- Nov 4, 2025
- Fiscal quarter
- Q3 FY2025
- Calendar quarter
- Q3 2025
- Accession
- 0001173514-25-000126
In connection with the strategic realignment of Nuvera, the Company identified indicators of impairment primarily related to the recoverability of long-lived assets and inventory, 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 restructuring and impairment charges during the nine months ended September 30, 2025 of $15.2 million, of which $9.6 million related to the impairment of certain long-lived assets and $4.6 million related to reducing inventory to its estimated net realizable value. In addition, the Company recognized $1.0 million of employee-severance costs related to the strategic realignment during the nine months ended September 30, 2025.
Item 1. Financial Statements
FAQ
- What is Hyster-Yale Materials Handling, Inc.'s impairment charges?
- Hyster-Yale Materials Handling, Inc. (HY) reported impairment charges of $9.6M in Q3 2025.
- How has Hyster-Yale Materials Handling, Inc.'s impairment charges changed year-over-year?
- Hyster-Yale Materials Handling, Inc.'s impairment charges increased by 464.7% year-over-year, from $1.7M to $9.6M.
- What is the long-term trend for Hyster-Yale Materials Handling, Inc.'s impairment charges?
- Over 3 years (2021 to 2024), Hyster-Yale Materials Handling, Inc.'s impairment charges has grown at a -53.0% compound annual growth rate (CAGR), from $65.6M to $6.8M.
- What does impairment charges mean?
- Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.
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