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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 488.1 $ 468.4 $ 929.7 $ 889.1
Cost of revenues:        
Total cost of revenues 356.1 341.6 677.1 641.0
Gross profit 132.0 126.8 252.6 248.1
General and administrative expenses 114.5 105.2 229.1 209.2
Non-rental depreciation and amortization 7.2 5.4 14.1 10.6
Total operating expenses 121.7 110.6 243.2 219.8
Income from operations 10.3 16.2 9.4 28.3
Other (expense) income:        
Interest expense, floor plan payable – new equipment (2.7) (1.9) (5.5) (3.4)
Interest expense – other (16.5) (11.8) (29.8) (22.3)
Other income 1.0 0.2 1.9 1.2
Loss on extinguishment of debt (6.7)   (6.7)  
Total other expense, net (24.9) (13.5) (40.1) (24.5)
(Loss) income before taxes (14.6) 2.7 (30.7) 3.8
Income tax (benefit) provision (2.7) 0.3 (6.9) 0.4
Net (loss) income (11.9) 2.4 (23.8) 3.4
Preferred stock dividends (0.7) (0.7) (1.5) (1.5)
Net (loss) income available to common stockholders $ (12.6) $ 1.7 $ (25.3) $ 1.9
Basic (loss) income per share $ (0.38) $ 0.05 $ (0.76) $ 0.06
Diluted (loss) income per share $ (0.38) $ 0.05 $ (0.76) $ 0.06
Basic weighted average common shares outstanding 33,239,620 32,368,112 33,174,158 32,296,067
Diluted weighted average common shares outstanding 33,239,620 32,731,422 33,174,158 32,581,469
New and Used Equipment Sales        
Revenues:        
Total revenues $ 251.5 $ 254.6 $ 480.1 $ 474.2
Cost of revenues:        
Total cost of revenues 211.9 210.3 404.3 389.3
Parts Sales        
Revenues:        
Total revenues 78.0 71.3 150.9 139.7
Cost of revenues:        
Total cost of revenues 50.9 47.5 99.2 92.9
Service Revenues        
Revenues:        
Total revenues 66.2 59.7 130.2 119.9
Cost of revenues:        
Total cost of revenues 26.9 25.4 53.9 50.5
Rental Revenues        
Revenues:        
Total revenues 53.7 49.6 102.2 93.1
Cost of revenues:        
Total cost of revenues 6.2 6.2 12.9 12.3
Rental Equipment Sales        
Revenues:        
Total revenues 38.7 33.2 66.3 62.2
Cost of revenues:        
Total cost of revenues 29.4 24.6 48.9 45.5
Rental Depreciation        
Cost of revenues:        
Total cost of revenues $ 30.8 $ 27.6 $ 57.9 $ 50.5