Hyster-Yale's Strategic Realignment to Cut Costs

Hyster-Yale, Inc. (NYSE:HY) is part of the 10 Best Small Cap Robotics Stocks to Buy Now. They announced a strategic realignment of Nuvera to reduce costs and increase profits, with direct annualized cost reductions of $15-$20 million expected by the second half of 2025. Further cost reductions are anticipated in the Lift Truck business.

The realignment at Hyster-Yale’s Billerica facility will focus on energy solutions and battery development, with expected severance and impairment costs of $15-$18 million in Q2 2025. Hyster-Yale is a subsidiary that designs, engineers, manufactures, and sells lift trucks and aftermarket parts.

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Read more at Yahoo Finance: Hyster-Yale Makes Strategic Realignment to Reduce Major Costs in Q2