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Segments (Tables)
3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

 

 

 

The following table shows information by reportable segment for the three months ended March 31, 2021 and 2020:

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

Net Sales

 

 

 

 

 

 

 

 

Americas

 

$

140.1

 

 

$

156.2

 

EURAF

 

 

154.5

 

 

 

122.9

 

MEAP

 

 

59.7

 

 

 

50.1

 

Total

 

$

354.3

 

 

$

329.2

 

Segment Operating Income

 

 

 

 

 

 

 

 

Americas

 

$

7.0

 

 

$

9.1

 

EURAF

 

 

6.3

 

 

 

(0.4

)

MEAP

 

 

6.8

 

 

 

6.3

 

Total

 

$

20.1

 

 

$

15.0

 

Depreciation

 

 

 

 

 

 

 

 

Americas

 

$

3.9

 

 

$

4.0

 

EURAF

 

 

4.9

 

 

 

3.8

 

MEAP

 

 

0.5

 

 

 

0.5

 

Corporate

 

 

0.7

 

 

 

0.7

 

Total

 

$

10.0

 

 

$

9.0

 

Capital Expenditures

 

 

 

 

 

 

 

 

Americas

 

$

0.8

 

 

$

0.3

 

EURAF

 

 

6.9

 

 

 

3.3

 

MEAP

 

 

0.2

 

 

 

 

Corporate

 

 

0.1

 

 

 

 

Total

 

$

8.0

 

 

$

3.6

 

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, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

Segment operating income

 

$

20.1

 

 

$

15.0

 

Unallocated corporate expenses

 

 

(9.4

)

 

 

(9.3

)

Total operating income

 

$

10.7

 

 

$

5.7

 

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three months ended March 31, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

United States

 

$

121.3

 

 

$

142.7

 

Europe

 

 

148.2

 

 

 

119.5

 

Other

 

 

84.8

 

 

 

67.0

 

Total net sales

 

$

354.3

 

 

$

329.2

 

 

Schedule of Net Sales By Product

Net sales by product for the three months ended March 31, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended

March 31,

 

 

 

2021

 

 

2020

 

New crane sales

 

$

243.5

 

 

$

232.1

 

Used crane sales, aftermarket parts and other

   sales*

 

 

110.8

 

 

 

97.1

 

Total net sales

 

$

354.3

 

 

$

329.2

 

*Other sales consist of miscellaneous services such as training and field service work.