XML 11 R4.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Total revenues $ 481.2 $ 488.1 $ 904.2 $ 929.7
Cost of revenues:        
Total cost of revenues 358.9 356.1 666.9 677.1
Gross profit 122.3 132.0 237.3 252.6
Selling, general and administrative expenses 102.3 114.5 209.0 229.1
Non-rental depreciation and amortization 7.6 7.2 15.1 14.1
Total operating expenses 109.9 121.7 224.1 243.2
Income from operations 12.4 10.3 13.2 9.4
Other (expense) income:        
Interest expense, floor plan payable – new equipment (2.9) (2.7) (6.1) (5.5)
Interest expense – other (19.4) (16.5) (38.1) (29.8)
Other income 0.8 1.0 1.7 1.9
Loss on extinguishment of debt   (6.7)   (6.7)
Gain on divestiture 4.3   4.3  
Total other expense, net (17.2) (24.9) (38.2) (40.1)
Loss before taxes (4.8) (14.6) (25.0) (30.7)
Income tax provision (benefit) 1.3 (2.7) 2.0 (6.9)
Net loss (6.1) (11.9) (27.0) (23.8)
Preferred stock dividends (0.7) (0.7) (1.5) (1.5)
Net loss available to common stockholders $ (6.8) $ (12.6) $ (28.5) $ (25.3)
Basic loss per share $ (0.21) $ (0.38) $ (0.87) $ (0.76)
Diluted loss per share $ (0.21) $ (0.38) $ (0.87) $ (0.76)
Basic weighted average common shares outstanding 33,002,869 33,239,620 32,903,008 33,174,158
Diluted weighted average common shares outstanding 33,002,869 33,239,620 32,903,008 33,174,158
New and Used Equipment Sales        
Revenues:        
Total revenues $ 265.6 $ 251.5 $ 487.3 $ 480.1
Cost of revenues:        
Total cost of revenues 228.5 211.9 416.6 404.3
Parts Sales        
Revenues:        
Total revenues 75.6 78.0 147.6 150.9
Cost of revenues:        
Total cost of revenues 50.7 50.9 98.3 99.2
Service Revenues        
Revenues:        
Total revenues 64.9 66.2 131.0 130.2
Cost of revenues:        
Total cost of revenues 26.1 26.9 52.5 53.9
Rental Revenues        
Revenues:        
Total revenues 46.3 53.7 88.6 102.2
Cost of revenues:        
Total cost of revenues 5.2 6.2 10.2 12.9
Rental Equipment Sales        
Revenues:        
Total revenues 28.8 38.7 49.7 66.3
Cost of revenues:        
Total cost of revenues 21.4 29.4 37.4 48.9
Rental Depreciation        
Cost of revenues:        
Total cost of revenues $ 27.0 $ 30.8 $ 51.9 $ 57.9