Full-Time
Electrical Engineer
Posted on 11/1/2025
Hyster-Yale Materials Handling
1,001-5,000 employees
Designs, manufactures, sells, services lift trucks
No salary listed
Camberley, UK
In Person
Travel between HYMH facilities in Europe and the USA will be required.
 Electrical Engineering (2) |
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- Bachelor’s Degree in electrical engineering or electrical product development related topic
- 4-5 years’ experience in a design related role
- Good working knowledge of electrical CAD systems and electrical schematic drafting standards
- Sound understanding of engineering practices (e.g., drafting, electrical and electronics, engineering calculations, and engineering analysis including Design and Production Failure Modes and Effects Analyses)
- Knowledge of modern manufacturing technologies and techniques
- Hands-on building of electrical harnesses, systems, and sub-systems
- Experience in testing and fault-diagnostics of electrical systems and sub-systems using digital multimeters, oscilloscopes and other laboratory equipment
- Mentor and lead entry level engineers
- Facilitate and lead design reviews
- Good communication and presentation skills
- Design and devise tests focused on system verification and validation to requirements
- Capability to analyse test results and feedback to design teams with proposals for improvement
- Engaging with a global design team to understand solution requirements and develop the Design Validation Plans & Reports (DVP&R’s)
- Generating innovative solutions that fulfil functional, performance, cost and quality requirements using state-of-the-art design systems
- Managing the release of design packages to stakeholders within the business using company processes and procedures
- Supporting the testing of new automation solutions, both at component and truck levels, and reviewing the test reports to determine if solutions are fit for purpose
- Undertaking an in-house personal development plan to specialise in automation design
- Demonstrating initiative within HYMH and externally with suppliers to drive for project results
- Travel between HYMH facilities in Europe and the USA will be a requirement, as well as travel to HYMH vendor, dealer and customer locations
- Knowledge of CANbus or other networked communications
- A basic understanding of mechanics and hydraulic systems and controls
- A basic knowledge (not expertise) of European machinery legislation (i.e., CE marking to the machinery directive) or similar industry regulations, and the associated standards process supporting them
- Basic EMC testing experience
- Software coding experience
- Analysis tools (MatLab or similar)
Hyster-Yale Materials Handling designs, manufactures, and services a full line of lift trucks, specialized attachments, and power solutions for moving heavy goods. These products work by combining industrial vehicles with mechanical forks, lift tables, and hydrogen fuel cell or battery systems to transport materials across warehouses and shipping hubs. The company distinguishes itself by offering a vertically integrated portfolio that includes both the vehicles and the specific attachments and energy technologies needed to customize them for different industries. Their goal is to provide a complete global support system for material handling that improves the efficiency and reliability of moving products through the supply chain.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Cleveland, Ohio
Founded
2012
Simplify's Take
What believers are saying
- Q1 2026 bookings rose 7% sequentially signaling stabilization after Q3 2025 cyclical low.
- Q4 2025 bookings surged 42% sequentially to $540 million indicating Americas demand recovery.
- Management projects modest full-year 2026 operating profit with second-half profitability return.
What critics are saying
- Toyota Industries erodes market share with low-cost modular forklifts in 6-12 months.
- KION Group's Linde captures 15-20% lighter-duty truck shift reducing higher-margin sales.
- 12x net debt-to-EBITDA ratio triggers covenant breach forcing asset sales in 12-24 months.
What makes Hyster-Yale Materials Handling unique
- Hyster-Yale launched modular product line targeting standard and value truck demand in EMEA and South America.
- Company maintains $1.41 billion backlog from Q1 2026 bookings of $580 million exceeding Q4 2025 levels.
- Restructuring programs target $85-100 million recurring annual savings by 2028 through cost reductions.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Hybrid Work Options
Tuition Reimbursement
Company News
Hyster-Yale Materials Handling, trading at $36.12 per share, has gained 5.8% over the past six months, outpacing the S&P 500's 3.5% return. However, analysts cite several concerns about the company's fundamentals. The company's five-year annualised revenue growth of 6% underperformed sector benchmarks. Additionally, Hyster-Yale broke even on free cash flow over the past five years, limiting capital return opportunities to shareholders. Most concerning is the company's debt position. With $376.7 million in debt against $123.2 million in cash, its 12× net-debt-to-EBITDA ratio indicates overleveraging. This high debt burden increases financial risk and could restrict future flexibility. Despite trading at 18.3× forward EV-to-EBITDA, analysts recommend avoiding the stock until the company improves profitability or reduces debt.
Hyster-Yale revenues drop 13% in 2025. Local News - 5 Mar 2026 (#1271) - Cleveland, OH, United States Thank you for visiting Forkliftaction News! This is Article 1 OF 2 US materials handling equipment manufacturer Hyster-Yale has released its Q4 and full year financial results revealing revenue declined in 2025 by 13%, which it has attributed in part, to the "major headwind" of tariffs. Full year revenue was USD3.77 billion, with an operating loss for 2025 recorded as USD22 million*, down 109% year-on-year (y-o-y). Hyster-Yale's forklift business revenues for Q4 were USD871 million, down 15% y-o-y and 6% quarter-on-quarter (q-o-q) "due to lower truck volumes across all product lines". In November, Hyster-Yale announced it was lowering production on the back of softer demand and Q3 revenues. "The total lift truck market contracted in Q4 2025 compared to the prior year across all geographic regions and classes," Hyster-Yale states of its Q4 and 2025 results. "However, North America showed growth over Q3 2025, which led to increased booking activity for the company. Reduced volumes reflected ongoing economic uncertainty, which dampened customer demand in previous quarters. "For the rest of the world, the total lift truck market contracted compared to the prior quarter. This reflects a more cautious customer approach amid ongoing economic uncertainty. "We believe many customers are deferring capital expenditures, resulting in delayed purchasing decisions and continued softening of lift truck order activity, particularly in higher duty cycle applications." Hyster-Yale also notes an "ongoing market shift" toward lighter-duty, lower-priced trucks leading to reduced shipment volumes for traditional models. It adds the shift is characterised by a trend towards more standard and value configurations within counterbalanced forklifts, with the impact most pronounced in the EMEA and South America regions. "In response to these evolving market dynamics, and to enhance its competitive position, the company has introduced a modular product specifically engineered to compete directly with both standard and value truck configurations," Hyster-Yale adds. Hyster-Yale business Bolzoni reported Q4 revenues of USD75.2 million, down 9% y-o-y and 14% quarter-on-quarter. The reduced revenues are attributed to softer demand in the sector, "particularly in the Americas". Hyster-Yale adds gross profit modestly improved with a favourable product mix in EMEA, despite reduced volumes and lower manufacturing overhead absorption. "However, operating results declined year-over-year as higher operating expenses, including the appreciation of the Euro versus the US dollar and increased employee-related costs, more than offset the gross profit improvement," the company continues. "Sequentially, Bolzoni's sales declined, mainly due to reduced volumes in the Americas, including lower component demand from the Lift Truck business," it adds. "As a result, operating profit also decreased quarter-over-quarter, driven by reduced volumes accompanied by lower manufacturing overhead absorption." Bolzoni recorded an operating loss in Q4 of USD4.8 million, down 9% y-o-y and 329% q-o-q. Hyster-Yale states, looking ahead, it expects bookings for materials handlings equipment to improve in 2026. "Although mixed demand signals warrant a prudent near-term outlook, the company anticipates that Q1 2026 will represent the trough of the current cycle, with production and shipments expected to steadily improve throughout the remainder of the year along with market conditions," Hyster-Yale states. *Correction from the publisher 5 March 2026: Forkliftaction has corrected the full year operating loss reported by Hyster-Yale for 2025 to USD22 million since the time of publication. The original story incorrectly stated the operating loss was USD22 billion.
Hyster-Yale reported fourth-quarter bookings rose 42% sequentially and 35% year-over-year to approximately $540 million, signalling potential demand recovery. However, revenue fell to $923 million and the company posted an adjusted operating loss of $16 million after absorbing $40 million in tariff costs. Full-year 2025 revenue declined to $3.8 billion with adjusted operating profit of $16 million, including roughly $100 million in gross tariff costs. Operating cash flow improved to $57 million in the fourth quarter through better inventory management. Management expects the first quarter of 2026 to mark the cycle's trough, with meaningfully stronger volumes in the second half. The company targets $85–$100 million in recurring annual savings by 2028 through restructuring programmes. Year-end backlog stood at $1.28 billion.
Hyster-Yale reported fourth quarter 2025 revenue of $923 million, down year-over-year, with an adjusted operating loss of $16 million. The company faced significant headwinds from tariffs, which cost $40 million in the quarter and approximately $100 million for the full year. Despite challenging market conditions, bookings strengthened significantly, rising 42% sequentially and 35% year-over-year. Operating cash flow improved to $57 million, driven by better inventory management. The positive bookings trend continued into early 2026. Full year 2025 revenue declined to $3.8 billion, with adjusted operating profit of $16 million after absorbing substantial tariff costs. CEO Rajiv Prasad noted sequential improvement in North America late in the year, suggesting potential early signs of demand recovery.
Hyster-Yale Materials Handling reported fourth-quarter revenue of $923.2 million, beating analyst estimates of $916.4 million but declining 13.5% year on year. The lift truck manufacturer posted a non-GAAP loss of $2.06 per share, significantly missing analyst expectations of a $1.23 loss. The company's operating margin fell to negative 4% from 4.9% in the prior-year quarter, though free cash flow margin remained steady at 6.1%. Over the past five years, Hyster-Yale's revenue has grown at a modest 6% compound annual growth rate, but sales have declined 4.3% annually over the last two years. Analysts forecast revenue will decline by 2.3% over the next 12 months. The company's market capitalisation stands at $697.6 million.