Segments (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Schedule of Results of Operations by Reportable Segment

The following tables present the Company’s results of operations by reportable segment for the three months ended September 30, 2023:

	Three Months Ended September 30, 2023
	Material Handling		Construction Equipment		Master Distribution		Corporate and Other			Total
New and used equipment sales	$	89.8	$	150.8	$	15.2	$	(2.2	)	$	253.6
Parts sales		24.4		42.9		2.5		(0.3	)		69.5
Service revenues		33.2		27.3		0.1		—			60.6
Rental revenues		19.6		34.1		0.3		—			54.0
Rental equipment sales		1.6		26.9		—		—			28.5
Total revenues	$	168.6	$	282.0	$	18.1	$	(2.5	)	$	466.2
Interest expense		4.9		8.7		0.9		0.7			15.2
Depreciation and amortization		8.6		25.0		1.1		0.3			35.0
Income (loss) before taxes		4.8		0.8		0.3		(5.8	)		0.1

The following table presents the Company’s results of operations by reportable segment for the nine months ended September 30, 2023:

	Nine Months Ended September 30, 2023
	Material Handling		Construction Equipment		Master Distribution		Corporate and Other			Total
New and used equipment sales	$	267.5	$	412.1	$	57.3	$	(9.1	)	$	727.8
Parts sales		75.8		126.4		7.9		(0.9	)		209.2
Service revenues		99.1		81.1		0.3		—			180.5
Rental revenues		56.2		90.2		0.7		—			147.1
Rental equipment sales		3.9		86.8		—		—			90.7
Total revenues	$	502.5	$	796.6	$	66.2	$	(10.0	)	$	1,355.3
Interest expense		13.2		23.2		2.5		2.0			40.9
Depreciation and amortization		25.4		67.0		3.2		0.5			96.1
Income (loss) before taxes		12.8		3.7		5.1		(17.7	)		3.9

The following table presents the Company’s results of operations by reportable segment for the three months ended September 30, 2022:

	Three Months Ended September 30, 2022
	Material Handling		Construction Equipment		Corporate and Other			Total
New and used equipment sales	$	83.7	$	126.4	$	—		$	210.1
Parts sales		22.3		39.5		—			61.8
Service revenues		29.6		24.7		—			54.3
Rental revenues		17.7		32.5		—			50.2
Rental equipment sales		2.0		26.6		—			28.6
Total revenues	$	155.3	$	249.7	$	—		$	405.0
Interest expense		3.1		4.8		0.6			8.5
Depreciation and amortization		7.2		22.4		—			29.6
Income (loss) before taxes		4.6		5.7		(4.9	)		5.4

The following table presents the Company’s results of operations by reportable segment for the nine months ended September 30, 2022:

	Nine Months Ended September 30, 2022
	Material Handling		Construction Equipment		Corporate and Other			Total
New and used equipment sales	$	222.7	$	356.3	$	—		$	579.0
Parts sales		61.6		111.9		—			173.5
Service revenues		83.2		71.0		—			154.2
Rental revenues		44.7		86.8		—			131.5
Rental equipment sales		4.2		100.8		—			105.0
Total revenues	$	416.4	$	726.8	$	—		$	1,143.2
Interest expense		8.0		12.1		1.3			21.4
Depreciation and amortization		18.6		62.5		—			81.1
Income (loss) before taxes		13.5		9.9		(12.6	)		10.8

Summary of Identified Assets by Reportable Segment

The following table presents the Company’s identified assets by reportable segment as of September 30, 2023 and December 31, 2022:

	September 30, 2023		December 31, 2022
Segment assets:
Material Handling	$	463.8	$	416.3
Construction Equipment		904.5		775.5
Master Distribution		85.2		77.6
Corporate and Other		26.9		21.2
Total assets	$	1,480.4	$	1,290.6