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Segments (Tables)
9 Months Ended
Sep. 30, 2018
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, 2018 and 2017:

 

 

Three Months Ended September 30, 2018

 

 

Three Months Ended September 30, 2017

 

 

Nine Months Ended September 30, 2018

 

 

Nine Months Ended September 30, 2017

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

224.1

 

 

$

207.2

 

 

$

614.3

 

 

$

488.1

 

EURAF

 

 

152.9

 

 

 

138.8

 

 

 

498.3

 

 

 

429.4

 

MEAP

 

 

73.1

 

 

 

53.4

 

 

 

218.9

 

 

 

182.3

 

Total

 

$

450.1

 

 

$

399.4

 

 

$

1,331.5

 

 

$

1,099.8

 

Segment Operating Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

17.8

 

 

$

11.1

 

 

$

35.2

 

 

$

(3.3

)

EURAF

 

 

1.6

 

 

 

1.0

 

 

 

13.1

 

 

 

2.3

 

MEAP

 

 

6.2

 

 

 

6.6

 

 

 

24.8

 

 

 

26.2

 

Total

 

$

25.6

 

 

$

18.7

 

 

$

73.1

 

 

$

25.2

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

3.5

 

 

$

3.5

 

 

$

10.6

 

 

$

11.7

 

EURAF

 

 

3.8

 

 

 

3.7

 

 

 

11.4

 

 

 

11.2

 

MEAP

 

 

0.9

 

 

 

1.0

 

 

 

2.9

 

 

 

2.8

 

Corporate

 

 

0.8

 

 

 

1.0

 

 

 

2.3

 

 

 

3.4

 

Total

 

$

9.0

 

 

$

9.2

 

 

$

27.2

 

 

$

29.1

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

2.4

 

 

$

1.8

 

 

$

7.3

 

 

$

9.3

 

EURAF

 

 

2.1

 

 

 

2.2

 

 

 

9.1

 

 

 

6.2

 

MEAP

 

 

0.9

 

 

 

1.1

 

 

 

2.6

 

 

 

1.3

 

Corporate

 

 

0.8

 

 

 

 

 

 

2.4

 

 

 

0.2

 

Total

 

$

6.2

 

 

$

5.1

 

 

$

21.4

 

 

$

17.0

 

 

Schedule of Reconciliation of the Company's Segment Operating Income (Loss)

A reconciliation of the Company’s segment operating income (loss) to the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2018 and 2017 was as follows:

 

 

 

Three Months Ended September 30, 2018

 

 

Three Months Ended September 30, 2017

 

 

Nine Months Ended September 30, 2018

 

 

Nine Months Ended September 30, 2017

 

Segment operating income

 

$

25.6

 

 

$

18.7

 

 

$

73.1

 

 

$

25.2

 

Unallocated corporate expenses

 

 

(8.3

)

 

 

(7.0

)

 

 

(26.5

)

 

 

(23.1

)

Restructuring expense

 

 

(0.4

)

 

 

(1.9

)

 

 

(3.9

)

 

 

(2.2

)

Total operating income (loss)

 

$

16.9

 

 

$

9.8

 

 

$

42.7

 

 

$

(0.1

)

 

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three and nine months ended September 30, 2018 and 2017 are as follows:

 

 

 

Three Months Ended September 30, 2018

 

 

Three Months Ended September 30, 2017

 

 

Nine Months Ended September 30, 2018

 

 

Nine Months Ended September 30, 2017

 

United States

 

$

208.5

 

 

$

184.7

 

 

$

556.3

 

 

$

434.9

 

Other North America

 

 

11.5

 

 

 

14.3

 

 

 

32.0

 

 

 

29.4

 

Europe

 

 

147.6

 

 

 

130.5

 

 

 

486.6

 

 

 

407.7

 

Asia

 

 

31.4

 

 

 

19.8

 

 

 

79.0

 

 

 

77.9

 

Middle East

 

 

20.2

 

 

 

25.1

 

 

 

91.3

 

 

 

71.8

 

Central and South America

 

 

3.6

 

 

 

7.6

 

 

 

24.2

 

 

 

19.7

 

Africa

 

 

5.3

 

 

 

8.3

 

 

 

11.7

 

 

 

21.7

 

Caribbean

 

 

0.5

 

 

 

0.6

 

 

 

1.8

 

 

 

4.1

 

Australia

 

 

21.5

 

 

 

8.5

 

 

 

48.6

 

 

 

32.6

 

Total

 

$

450.1

 

 

$

399.4

 

 

$

1,331.5

 

 

$

1,099.8

 

 

Schedule of Net Sales By Product

 


Net sales by product for the three and nine months ended September 30, 2018 and 2017 are as follows:

 

 

 

Three Months Ended September 30, 2018

 

 

Three Months Ended September 30, 2017

 

 

Nine Months Ended September 30, 2018

 

 

Nine Months Ended September 30, 2017

 

Cranes

 

$

362.3

 

 

$

320.1

 

 

$

1,079.0

 

 

$

863.1

 

Aftermarket parts and other*

 

 

87.8

 

 

 

79.3

 

 

 

252.5

 

 

 

236.7

 

Total net sales

 

$

450.1

 

 

$

399.4

 

 

$

1,331.5

 

 

$

1,099.8

 

*Other revenue consists of revenue related to miscellaneous CraneCare services such as trainings and field    service work.