Segments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2025
	Material Handling			Construction Equipment		Master Distribution		Corporate and Other			Total
Revenues:
New and used equipment sales	$	81.9		$	167.0	$	17.6	$	(0.9	)	$	265.6
Parts sales		23.7			49.1		3.0		(0.2	)		75.6
Service revenues		33.3			31.3		0.3		—			64.9
Rental revenues		17.5			28.8		—		—			46.3
Rental equipment sales		4.3			24.5		—		—			28.8
Total revenues		160.7			300.7		20.9		(1.1	)		481.2
Cost of revenues:
New and used equipment sales		67.6			147.4		14.2		(0.7	)		228.5
Parts sales		14.7			34.0		2.2		(0.2	)		50.7
Service revenues		14.0			11.9		0.2		—			26.1
Rental revenues		1.3			3.9		—		—			5.2
Rental equipment sales		2.5			18.9		—		—			21.4
Selling, general and administrative expenses		44.0			52.4		2.9		3.0			102.3
Other segment items(1)		(0.2	)		0.5		0.3		(2.1	)		(1.5	)
Segment adjusted EBITDA(2)		16.8			31.7		1.1		(1.1	)		48.5
Depreciation and amortization												34.6
Interest expense												22.3
Other(1)												(3.6	)
Loss before taxes											$	(4.8	)
Total assets, end of period	$	436.0		$	878.6	$	85.6	$	35.8		$	1,436.0
Capital expenditures		5.6			8.2		—		0.1			13.9
Depreciation and amortization		10.5			22.9		1.0		0.2			34.6
Interest expense		6.4			12.8		1.3		1.8			22.3

	Three months ended June 30, 2024
	Material Handling		Construction Equipment		Master Distribution			Corporate and Other			Total
Revenues:
New and used equipment sales	$	90.2	$	145.5	$	14.4		$	1.4		$	251.5
Parts sales		26.9		49.2		2.4			(0.5	)		78.0
Service revenues		35.7		30.3		0.2			—			66.2
Rental revenues		20.0		33.3		0.4			—			53.7
Rental equipment sales		2.8		36.6		(0.7	)		—			38.7
Total revenues		175.6		294.9		16.7			0.9			488.1
Cost of revenues:
New and used equipment sales		73.3		126.7		10.8			1.1			211.9
Parts sales		16.7		33.5		1.2			(0.5	)		50.9
Service revenues		14.3		12.4		0.2			—			26.9
Rental revenues		2.0		4.3		(0.1	)		—			6.2
Rental equipment sales		1.8		28.0		(0.4	)		—			29.4
Selling, general and administrative expenses		46.6		57.7		3.7			6.5			114.5
Other segment items(1)		0.7		1.1		(0.4	)		(3.4	)		(2.0	)
Segment adjusted EBITDA(2)		20.2		31.2		1.7			(2.8	)		50.3
Depreciation and amortization												38.0
Interest expense												19.2
Other(1)												7.7
Loss before taxes											$	(14.6	)
Total assets, end of period	$	480.4	$	974.3	$	94.5		$	42.1		$	1,591.3
Capital expenditures		13.3		7.1		—			0.1			20.5
Depreciation and amortization		10.4		26.2		1.3			0.1			38.0
Interest expense		5.9		11.8		1.0			0.5			19.2

	Six Months Ended June 30, 2025
	Material Handling		Construction Equipment		Master Distribution		Corporate and Other			Total
Revenues:
New and used equipment sales	$	160.3	$	293.7	$	32.4	$	0.9		$	487.3
Parts sales		48.0		94.4		5.4		(0.2	)		147.6
Service revenues		67.4		63.1		0.5		—			131.0
Rental revenues		35.1		53.4		—		0.1			88.6
Rental equipment sales		7.8		41.9		—		—			49.7
Total revenues		318.6		546.5		38.3		0.8			904.2
Cost of revenues:
New and used equipment sales		130.7		259.7		25.2		1.0			416.6
Parts sales		30.0		64.9		3.6		(0.2	)		98.3
Service revenues		27.3		24.5		0.7		—			52.5
Rental revenues		2.3		7.9		—		—			10.2
Rental equipment sales		5.0		32.4		—		—			37.4
Selling, general and administrative expenses		90.5		107.0		5.4		6.1			209.0
Other segment items(1)		0.4		1.4		0.8		(4.5	)		(1.9	)
Segment adjusted EBITDA(2)		32.4		48.7		2.6		(1.6	)		82.1
Depreciation and amortization											67.0
Interest expense											44.2
Other(1)											(4.1	)
Loss before taxes										$	(25.0	)
Total assets, end of period	$	436.0	$	878.6	$	85.6	$	35.8		$	1,436.0
Capital expenditures		11.9		15.5		—		0.2			27.6
Depreciation and amortization		21.1		43.5		1.9		0.5			67.0
Interest expense		12.7		25.6		2.7		3.2			44.2

	Six Months Ended June 30, 2024
	Material Handling		Construction Equipment		Master Distribution			Corporate and Other			Total
Revenues:
New and used equipment sales	$	184.3	$	271.6	$	23.5		$	0.7		$	480.1
Parts sales		51.8		95.1		4.9			(0.9	)		150.9
Service revenues		69.5		60.4		0.3			—			130.2
Rental revenues		39.0		62.4		0.8			—			102.2
Rental equipment sales		5.3		61.0		—			—			66.3
Total revenues		349.9		550.5		29.5			(0.2	)		929.7
Cost of revenues:
New and used equipment sales		149.6		236.7		17.6			0.4			404.3
Parts sales		32.2		65.2		2.7			(0.9	)		99.2
Service revenues		28.4		25.2		0.3			—			53.9
Rental revenues		4.7		8.3		(0.1	)		—			12.9
Rental equipment sales		3.3		45.6		—			—			48.9
Selling, general and administrative expenses		95.5		114.9		7.7			11.0			229.1
Other segment items(1)		1.5		2.1		(1.3	)		(5.3	)		(3.0	)
Segment adjusted EBITDA(2)		34.7		52.5		2.6			(5.4	)		84.4
Depreciation and amortization												72.0
Interest expense												35.3
Other(1)												7.8
Loss before taxes											$	(30.7	)
Total assets, end of period	$	480.4	$	974.3	$	94.5		$	42.1		$	1,591.3
Capital expenditures		24.3		12.8		0.2			0.5			37.8
Depreciation and amortization		20.1		49.1		2.4			0.4			72.0
Interest expense		11.0		21.6		1.9			0.8			35.3

(1) Primarily includes other income (expense), non-recurring or non-cash items, and items not necessarily indicative of our underlying operating performance.

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