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Segments (Tables)
12 Months Ended
Dec. 31, 2021
Segment Reporting [Abstract]  
Schedule of Results of Operations by Reportable Segment

The following table presents the Company’s results of operations by reportable segment for the year ended December 31, 2021 (amounts in millions):

 

 

 

Year Ended December 31, 2021

 

 

 

Material

Handling

 

 

Construction

Equipment

 

 

Corporate

 

 

Total

 

New and used equipment sales

 

$

258.3

 

 

$

310.5

 

 

$

 

 

$

568.8

 

Parts sales

 

 

65.4

 

 

 

113.1

 

 

 

 

 

 

178.5

 

Service revenue

 

 

94.6

 

 

 

70.9

 

 

 

 

 

 

165.5

 

Rental revenue

 

 

48.4

 

 

 

107.1

 

 

 

 

 

 

155.5

 

Rental equipment sales

 

 

0.8

 

 

 

143.7

 

 

 

 

 

 

144.5

 

Total revenue

 

$

467.5

 

 

$

745.3

 

 

$

 

 

$

1,212.8

 

Interest expense

 

 

8.2

 

 

 

13.9

 

 

 

1.9

 

 

 

24.0

 

Depreciation and amortization

 

 

19.3

 

 

 

76.5

 

 

 

 

 

 

95.8

 

Net income (loss)

 

$

10.2

 

 

$

(2.9

)

 

$

(30.7

)

 

$

(23.4

)

 

The following table presents the Company’s results of operations by reportable segment for the year ended December 31, 2020 (amounts in millions):

 

 

 

Year Ended December 31, 2020

 

 

 

Material

Handling

 

 

Construction

Equipment

 

 

Corporate

 

 

Total

 

New and used equipment sales

 

$

195.1

 

 

$

215.2

 

 

$

 

 

$

410.3

 

Parts sales

 

 

55.5

 

 

 

74.1

 

 

 

 

 

 

129.6

 

Service revenue

 

 

80.0

 

 

 

48.5

 

 

 

 

 

 

128.5

 

Rental revenue

 

 

42.4

 

 

 

76.4

 

 

 

 

 

 

118.8

 

Rental equipment sales

 

 

7.5

 

 

 

78.9

 

 

 

 

 

 

86.4

 

Total revenue

 

$

380.5

 

 

$

493.1

 

 

$

 

 

$

873.6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

5.2

 

 

 

11.1

 

 

 

7.5

 

 

 

23.8

 

Depreciation and amortization

 

 

21.1

 

 

 

53.9

 

 

 

 

 

 

75.0

 

Net income (loss)

 

$

7.1

 

 

$

(16.7

)

 

$

(14.4

)

 

$

(24.0

)

 

Summary of Identified Assets by Reportable Segment

The following table presents the Company’s identified assets by reportable segment for the period ending December 31, 2021 and 2020 (amounts in millions):

 

 

 

December 31,

2021

 

 

December 31,

2020

 

Segment assets:

 

 

 

 

 

 

 

 

Material handling

 

$

325.1

 

 

$

221.5

 

Construction equipment

 

 

655.8

 

 

 

523.4

 

Corporate

 

 

1.7

 

 

 

1.3

 

Total assets

 

$

982.6

 

 

$

746.2