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Segments (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of Information by Reportable Segment

 


 

The following table shows information by reportable segment for the three and six months ended June 30, 2021 and 2020:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

185.3

 

 

$

149.6

 

 

$

325.4

 

 

$

305.8

 

EURAF

 

 

180.8

 

 

 

135.5

 

 

 

335.3

 

 

 

258.4

 

MEAP

 

 

97.5

 

 

 

43.2

 

 

 

157.2

 

 

 

93.3

 

Total

 

$

463.6

 

 

$

328.3

 

 

$

817.9

 

 

$

657.5

 

Segment Operating

   Income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

21.9

 

 

$

4.8

 

 

$

28.9

 

 

$

13.9

 

EURAF

 

 

5.7

 

 

 

(4.4

)

 

 

12.0

 

 

 

(4.8

)

MEAP

 

 

9.8

 

 

 

6.6

 

 

 

16.6

 

 

 

12.9

 

Total

 

$

37.4

 

 

$

7.0

 

 

$

57.5

 

 

$

22.0

 

Depreciation

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

3.4

 

 

$

4.0

 

 

$

7.3

 

 

$

8.0

 

EURAF

 

 

5.0

 

 

 

3.9

 

 

 

9.9

 

 

 

7.7

 

MEAP

 

 

0.5

 

 

 

0.5

 

 

 

1.0

 

 

 

1.0

 

Corporate

 

 

0.8

 

 

 

0.7

 

 

 

1.5

 

 

 

1.4

 

Total

 

$

9.7

 

 

$

9.1

 

 

$

19.7

 

 

$

18.1

 

Capital Expenditures

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Americas

 

$

2.1

 

 

$

1.2

 

 

$

2.9

 

 

$

1.5

 

EURAF

 

 

4.8

 

 

 

3.1

 

 

 

11.7

 

 

 

6.4

 

MEAP

 

 

0.5

 

 

 

0.1

 

 

 

0.7

 

 

 

0.1

 

Corporate

 

 

 

 

 

 

 

 

0.1

 

 

 

 

Total

 

$

7.4

 

 

$

4.4

 

 

$

15.4

 

 

$

8.0

 

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 and six months ended June 30, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Segment operating income

 

$

37.4

 

 

$

7.0

 

 

$

57.5

 

 

$

22.0

 

Unallocated corporate expenses

 

 

(10.7

)

 

 

(8.6

)

 

 

(20.1

)

 

 

(17.9

)

Total operating income (loss)

 

$

26.7

 

 

$

(1.6

)

 

$

37.4

 

 

$

4.1

 

Schedule of Net Sales by Geographic Area

Net sales by geographic area for the three and six months ended June 30, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

United States

 

$

165.2

 

 

$

133.5

 

 

$

286.5

 

 

$

276.2

 

Europe

 

 

176.7

 

 

 

133.5

 

 

 

324.9

 

 

 

253.0

 

Other

 

 

121.7

 

 

 

61.3

 

 

 

206.5

 

 

 

128.3

 

Total net sales

 

$

463.6

 

 

$

328.3

 

 

$

817.9

 

 

$

657.5

 

 

Schedule of Net Sales By Product

Net sales by product for the three and six months ended June 30, 2021 and 2020 are summarized as follows:

 

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

New crane sales

 

$

343.7

 

 

$

238.7

 

 

$

587.2

 

 

$

470.8

 

Used crane sales, aftermarket

     parts and other sales*

 

 

119.9

 

 

 

89.6

 

 

 

230.7

 

 

 

186.7

 

Total net sales

 

$

463.6

 

 

$

328.3

 

 

$

817.9

 

 

$

657.5

 

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