Segments (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Results of Operations by Reportable Segment

The following tables summarize key financial information by reportable segment:

	Three Months Ended March 31, 2025
	Material Handling		Construction Equipment		Master Distribution		Corporate and Other			Total
Revenues:
New and used equipment sales	$	78.4	$	126.7	$	14.8	$	1.8		$	221.7
Parts sales		24.3		45.3		2.4		—			72.0
Service revenues		34.1		31.8		0.2		—			66.1
Rental revenues		17.6		24.6		—		0.1			42.3
Rental equipment sales		3.5		17.4		—		—			20.9
Total revenues		157.9		245.8		17.4		1.9			423.0
Cost of revenues:
New and used equipment sales		63.1		112.3		11.0		1.7			188.1
Parts sales		15.3		30.9		1.4		—			47.6
Service revenues		13.3		12.6		0.5		—			26.4
Rental revenues		1.0		4.0		—		—			5.0
Rental equipment sales		2.5		13.5		—		—			16.0
Selling, general and administrative expenses		46.5		54.6		2.5		3.1			106.7
Other segment items(1)		0.6		0.9		0.5		(2.4	)		(0.4	)
Segment adjusted EBITDA(2)		15.6		17.0		1.5		(0.5	)		33.6
Depreciation and amortization											32.4
Interest expense											21.9
Other(1)											(0.5	)
Loss before taxes										$	(20.2	)
Total assets, end of period	$	442.2	$	933.8	$	87.6	$	40.9		$	1,504.5
Capital expenditures		6.3		7.3		—		0.1			13.7
Depreciation and amortization		10.6		20.6		0.9		0.3			32.4
Interest expense		6.3		12.8		1.4		1.4			21.9

	Three Months Ended March 31, 2024
	Material Handling		Construction Equipment		Master Distribution			Corporate and Other			Total
Revenues:
New and used equipment sales	$	94.1	$	126.1	$	9.1		$	(0.7	)	$	228.6
Parts sales		24.9		45.9		2.5			(0.4	)		72.9
Service revenues		33.8		30.1		0.1			—			64.0
Rental revenues		19.0		29.1		0.4			—			48.5
Rental equipment sales		2.5		24.4		0.7			—			27.6
Total revenues		174.3		255.6		12.8			(1.1	)		441.6
Cost of revenues:
New and used equipment sales		76.3		110.0		6.8			(0.7	)		192.4
Parts sales		15.5		31.7		1.5			(0.4	)		48.3
Service revenues		14.1		12.8		0.1			—			27.0
Rental revenues		2.7		4.0		—			—			6.7
Rental equipment sales		1.5		17.6		0.4			—			19.5
Selling, general and administrative expenses		48.9		57.2		4.0			4.5			114.6
Other segment items(1)		0.8		1.0		(0.9	)		(1.9	)		(1.0	)
Segment adjusted EBITDA(2)		14.5		21.3		0.9			(2.6	)		34.1
Depreciation and amortization												34.0
Interest expense												16.1
Other(1)												0.1
Loss before taxes											$	(16.1	)
Total assets, end of period	$	466.8	$	975.9	$	85.8		$	34.8		$	1,563.3
Capital expenditures		11.0		5.7		0.2			0.4			17.3
Depreciation and amortization		9.7		22.9		1.1			0.3			34.0
Interest expense		5.1		9.8		0.9			0.3			16.1

(1) Primarily includes other income (expense) and non-recurring items.

(2) See definition in Item 2 under Non-GAAP Financial Measures.