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Segments (Tables)
3 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

The following table shows information by reportable segment for the three months ended March 31, 2020 and 2019:

 

 

 

Three Months Ended

March 31,

 

 

 

2020

 

 

2019

 

Net Sales

 

 

 

 

 

 

 

 

Americas

 

$

156.2

 

 

$

206.1

 

EURAF

 

 

122.9

 

 

 

154.2

 

MEAP

 

 

50.1

 

 

 

57.7

 

Total

 

$

329.2

 

 

$

418.0

 

Segment Operating Income

 

 

 

 

 

 

 

 

Americas

 

$

9.1

 

 

$

15.2

 

EURAF

 

 

(0.4

)

 

 

3.4

 

MEAP

 

 

6.3

 

 

 

7.3

 

Total

 

$

15.0

 

 

$

25.9

 

Depreciation

 

 

 

 

 

 

 

 

Americas

 

$

4.0

 

 

$

3.6

 

EURAF

 

 

3.8

 

 

 

3.7

 

MEAP

 

 

0.5

 

 

 

0.7

 

Corporate

 

 

0.7

 

 

 

0.8

 

Total

 

$

9.0

 

 

$

8.8

 

Capital Expenditures

 

 

 

 

 

 

 

 

Americas

 

$

0.3

 

 

$

2.8

 

EURAF

 

 

3.3

 

 

 

0.8

 

MEAP

 

 

 

 

 

0.8

 

Corporate

 

 

 

 

 

 

Total

 

$

3.6

 

 

$

4.4

 

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 Statement of Operations for the three months ended March 31, 2020 and 2019 are summarized as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2020

 

 

2019

 

Segment operating income

 

$

15.0

 

 

$

25.9

 

Unallocated corporate expenses

 

 

(9.3

)

 

 

(9.3

)

Unallocated restructuring expense

 

 

 

 

 

(0.1

)

Unallocated other operating income

   (expense) - net

 

 

 

 

 

(0.3

)

Total operating income

 

$

5.7

 

 

$

16.2

 

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three months ended March 31, 2020 and 2019 are summarized as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2020

 

 

2019

 

United States

 

$

142.7

 

 

$

184.7

 

Europe

 

 

119.5

 

 

 

149.1

 

Other

 

 

67.0

 

 

 

84.2

 

Total

 

$

329.2

 

 

$

418.0

 

 

Schedule of Net Sales By Product

Net sales by product for the three months ended March 31, 2020 and 2019 are summarized as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2020

 

 

2019

 

Cranes

 

$

248.6

 

 

$

333.5

 

Aftermarket parts and other*

 

 

80.6

 

 

 

84.5

 

Total net sales

 

$

329.2

 

 

$

418.0

 

*Other consists of sales related to CraneCare services such as trainings and

   field service work.