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Segments (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the three and nine months ended September 30, 2022 and 2021:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

238.5

 

 

$

190.6

 

 

$

680.6

 

 

$

516.0

 

EURAF

 

 

160.3

 

 

 

150.0

 

 

 

548.5

 

 

 

485.3

 

MEAP

 

 

55.9

 

 

 

63.9

 

 

 

181.8

 

 

 

221.1

 

Total

 

$

454.7

 

 

$

404.5

 

 

$

1,410.9

 

 

$

1,222.4

 

Segment Operating
   Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

22.2

 

 

$

15.3

 

 

$

46.4

 

 

$

44.2

 

EURAF

 

 

(14.2

)

 

 

(5.4

)

 

 

(2.2

)

 

 

6.6

 

MEAP

 

 

7.5

 

 

 

6.5

 

 

 

28.6

 

 

 

23.1

 

Total

 

$

15.5

 

 

$

16.4

 

 

$

72.8

 

 

$

73.9

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

8.6

 

 

$

3.6

 

 

$

27.6

 

 

$

10.9

 

EURAF

 

 

4.8

 

 

 

4.9

 

 

 

14.8

 

 

 

14.8

 

MEAP

 

 

0.4

 

 

 

0.6

 

 

 

1.7

 

 

 

1.6

 

Corporate

 

 

0.7

 

 

 

0.7

 

 

 

2.1

 

 

 

2.2

 

Total

 

$

14.5

 

 

$

9.8

 

 

$

46.2

 

 

$

29.5

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

8.1

 

 

$

2.9

 

 

$

13.3

 

 

$

5.8

 

EURAF

 

 

6.5

 

 

 

3.7

 

 

 

16.9

 

 

 

15.4

 

MEAP

 

 

0.4

 

 

 

0.3

 

 

 

1.6

 

 

 

1.0

 

Corporate

 

 

 

 

 

 

 

 

 

 

 

0.1

 

Total

 

$

15.0

 

 

$

6.9

 

 

$

31.8

 

 

$

22.3

 

Schedule of Reconciliation of the Company's Segment Operating Income

A reconciliation of the Company’s segment operating income to operating income in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2022 and 2021 are summarized as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Segment operating income

 

$

15.5

 

 

$

16.4

 

 

$

72.8

 

 

$

73.9

 

Unallocated corporate expenses

 

 

(7.9

)

 

 

(9.1

)

 

 

(29.3

)

 

 

(29.2

)

Total operating income

 

$

7.6

 

 

$

7.3

 

 

$

43.5

 

 

$

44.7

 

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three and nine months ended September 30, 2022 and 2021 are summarized as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

United States

 

$

218.8

 

 

$

158.7

 

 

$

610.0

 

 

$

445.2

 

Europe

 

 

157.7

 

 

 

147.4

 

 

 

532.8

 

 

 

472.3

 

Other

 

 

78.2

 

 

 

98.4

 

 

 

268.1

 

 

 

304.9

 

Total net sales

 

$

454.7

 

 

$

404.5

 

 

$

1,410.9

 

 

$

1,222.4

 

Schedule of Net Sales By Product

New machine and non-new machine sales for the three and nine months ended September 30, 2022 and 2021 are summarized as follows:

 

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

New machine sales

 

$

327.1

 

 

$

304.2

 

 

$

1,014.8

 

 

$

898.6

 

Non-new machine sales

 

 

127.6

 

 

 

100.3

 

 

 

396.1

 

 

 

323.8

 

Total net sales

 

$

454.7

 

 

$

404.5

 

 

$

1,410.9

 

 

$

1,222.4