Segments (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Company's Operations by Segment, Including Revenue by Major Market

An analysis of the Company's operations by segment, including revenue by major market is as follows:

	For the Year Ended December 31, 2025
	Material Handling		Distribution			Corporate			Inter-company			Consolidated
Industrial	$	256,896	$	—		$	—		$	(292	)	$	256,604
Infrastructure		118,295		—			—			—			118,295
Vehicle		90,907		—			—			—			90,907
Consumer		80,031		—			—			—			80,031
Food and beverage		76,018		—			—			—			76,018
Auto aftermarket		—		203,887			—			—			203,887
Net sales		622,147		203,887			—			(292	)		825,742
Cost of sales		404,127		145,853			—			(292	)		549,688
Selling, general and administrative expenses (1) (3) (4)		80,800		55,614			35,987			—			172,401
Depreciation and amortization		13,991		2,570			886			—			17,447
Freight out		10,158		888			—			—			11,046
(Gain) loss on disposal of fixed assets		703		(99	)		—			—			604
Operating income (loss) (2)		112,368		(939	)		(36,873	)		—			74,556
Interest expense, net													29,421
Income before income taxes												$	45,135
Total assets		698,024		89,065			64,232			—			851,321
Capital additions, net		18,439		862			252			—			19,553
Depreciation and amortization (10)		35,426		2,966			3,208			—			41,600

	For the Year Ended December 31, 2024
	Material Handling		Distribution			Corporate			Inter-company			Consolidated
Industrial	$	240,910	$	—		$	—		$	(142	)	$	240,768
Infrastructure		102,692		—			—			—			102,692
Vehicle		107,178		—			—			—			107,178
Consumer		96,174		—			—			—			96,174
Food and beverage		74,701		—			—			—			74,701
Auto aftermarket		—		214,768			—			—			214,768
Net sales		621,655		214,768			—			(142	)		836,281
Cost of sales (5)		415,544		150,074			—			(142	)		565,476
Selling, general and administrative expenses (1) (6) (7)		80,728		57,498			35,802			—			174,028
Depreciation and amortization		14,304		2,926			847			—			18,077
Freight out		11,089		914			—			—			12,003
(Gain) loss on disposal of fixed assets		207		(7	)		1			—			201
Impairment charges (8)		22,016		—			—			—			22,016
Operating income (loss) (2)		77,767		3,363			(36,650	)		—			44,480
Interest expense, net													30,937
Income before income taxes												$	13,543
Total assets		712,046		99,193			49,576			—			860,815
Capital additions, net		22,276		1,272			887			—			24,435
Depreciation and amortization (10)		34,499		3,248			2,763			—			40,510

	For the Year Ended December 31, 2023
	Material Handling			Distribution			Corporate			Inter-company			Consolidated
Industrial	$	221,661		$	—		$	—		$	(67	)	$	221,594
Infrastructure		—			—			—			—			—
Vehicle		123,155			—			—			—			123,155
Consumer		92,380			—			—			—			92,380
Food and beverage		118,063			—			—			—			118,063
Auto aftermarket		—			257,875			—			—			257,875
Net sales		555,259			257,875			—			(67	)		813,067
Cost of sales		376,002			178,046			—			(67	)		553,981
Selling, general and administrative expenses (1) (6) (7) (9)		63,939			65,363			37,979			—			167,281
Depreciation and amortization		5,291			2,784			671			—			8,746
Freight out		10,122			727			—			—			10,849
(Gain) loss on disposal of fixed assets		(183	)		(12	)		—			—			(195	)
Operating income (loss) (2)		100,088			10,967			(38,650	)		—			72,405
Interest expense, net														6,349
Income before income taxes													$	66,056
Total assets		383,734			112,323			45,574			—			541,631
Capital additions, net		20,452			1,666			737			—			22,855
Depreciation and Amortization (10)		18,917			3,197			985			—			23,099

(1) The Company recognized $0.2 million, $(0.2) million and $3.2 million of expense (income) related to the estimated environmental reserve, net of expected insurance recoveries in the years ended December 31, 2025, 2024 and 2023, respectively, as described in Note 9. Environmental charges are not included in segment results and are shown with Corporate.

(2) The Company incurred $11.2 million, $7.5 million and $2.5 million of restructuring costs associated with the restructuring initiatives described in Note 6, for the years ended December 31, 2025, 2024, and 2023, respectively, of which $3.9 million, $3.9 million and $1.5 million are included in Material Handling, $3.1 million, $1.4 million and $0.9 million are included in Distribution's results and $4.2 million, $2.3 million and $0.2 million are included in Corporate's results, for the years ended December 31, 2025, 2024, and 2023, respectively.

(3) In the year ended December 31, 2025, the Company recognized a $1.6 million pre-tax pension settlement charge within the Material Handling segment, as described in Note 12.

(4) The Company recognized a $3.2 million recovery of purchased credit deteriorated assets for the year ended December 31, 2025, as described in Note 3. The recovery was recognized as a reduction to bad debt expense included in Selling, general and administrative within the Material Handling segment.

(5) The Company recognized $4.5 million of non-cash inventory step-up that was amortized to Cost of sales for the year ended December 31, 2024, related to the reporting of inventory at fair value in conjunction with the acquisition of Signature, as described in Note 3.

(6) The Company incurred $4.6 million and $3.1 million of acquisition related costs associated with the acquisitions of Signature and Mohawk, as described in Note 3, for the years ended December 31, 2024, and 2023, respectively, of which $4.3 million and $2.7 million are included in Corporate, for the years ended December 31, 2024, and 2023, respectively, $0.3 million is included in Material Handling's results, for the year ended December 31, 2024 and $0.4 million is included in Distribution's results, for the year ended December 31, 2023. Corporate costs also include $1.3 million of consulting costs to improve the Company's capabilities to screen and execute large acquisitions for the year ended December 31, 2023.

(7) The Company recognized $1.4 million of executive severance which is included in Corporate's results for the year ended December 31, 2024. In the year ended December 31, 2023 the Company recognized $0.7 million of executive severance, of which $0.4 million was recognized in the Distribution Segment related to severance and benefits and $0.3 million was recognized in Corporate related to charges for the acceleration of stock compensation.

(8) The Company recognized $22.0 million of non-cash impairment charges, as described in Note 4, for the year ended December 31, 2024, which are included in Material Handling's results.

(9) In the year ended December 31, 2023, the Company recognized a $10 million recovery of legal costs within the Material Handling Segment related to a settlement agreement with one of its insurers. $6.7 million of these recovered costs were originally incurred prior to 2023.

(10) Total depreciation and amortization inclusive of amounts within Cost of sales. Corporate depreciation and amortization includes amortization of deferred financing costs of $2.3 million, $1.9 million and $0.3 million in the years ended December 31, 2025, 2024 and 2023, respectively.