SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2026

Segment Reporting [Abstract]

Segment Reporting

The tables below present information about certain operating results, separated by market segments, for the three and nine months ended September 30, 2026 and 2025 (amounts in thousands):

	Three months ended September 30, 2026
	Agriculture		Consumer		Earthmoving/Construction		Total
Net sales	$	156,878	$	120,900	$	57,399	$	335,177
Cost of sales	144,908		87,545		53,309		285,762
Gross profit	$	11,970	$	33,355	$	4,090	$	49,415
Selling, general and administrative expenses	12,718		17,474		5,090		35,282
Research and development expenses	1,281		774		419		2,474
Royalty expense	1,665		649		372		2,686
Restructuring and other charges	266		1,176		—		1,442
Segment (loss) profit	$	(3,960)	$	13,282	$	(1,791)	$	7,531
Corporate & unallocated expenses							(8,502)
Interest expense							(9,768)
Interest income							2,530
Foreign exchange loss							(707)
Other income							287
Loss from continuing operations before income taxes							$	(8,629)

	Nine months ended September 30, 2026
	Agriculture		Consumer		Earthmoving/Construction		Total
Net sales	$	518,619	$	397,148	$	180,853	$	1,096,620
Cost of sales	464,989		303,406		163,967		932,362
Gross profit	$	53,630	$	93,742	$	16,886	$	164,258
Selling, general and administrative expenses	40,770		55,283		14,373		110,426
Research and development expenses	4,114		2,685		1,252		8,051
Royalty expense	4,987		1,718		1,044		7,749
Restructuring and other charges	266		27,152		—		27,418
Segment profit	$	3,493	$	6,904	$	217	$	10,614
Corporate & unallocated expenses							(23,444)
Interest expense							(29,709)
Interest income							6,745
Foreign exchange loss							(1,103)
Other income							1,549
Loss from continuing operations before income taxes							$	(35,348)

	Three months ended September 30, 2025
	Agriculture		Consumer		Earthmoving/Construction		Total
Net sales	$	177,578	$	125,008	$	54,672	$	357,258
Cost of sales	154,152		95,694		51,338		301,184
Gross profit	$	23,426	$	29,314	$	3,334	$	56,074
Selling, general and administrative expenses	14,429		19,748		4,928		39,105
Research and development expenses	1,260		1,001		385		2,646
Royalty expense	2,173		839		433		3,445
Segment profit (loss)	$	5,564	$	7,726	$	(2,412)	$	10,878
Corporate & unallocated expenses							(7,158)
Interest expense							(9,727)
Interest income							2,707
Foreign exchange loss							(1,962)
Other loss							(2,504)
Loss from continuing operations before income taxes							$	(7,766)

	Nine months ended September 30, 2025
	Agriculture		Consumer		Earthmoving/Construction		Total
Net sales	$	548,804	$	374,744	$	163,223	$	1,086,771
Cost of sales	476,089		295,178		151,409		922,676
Gross profit	$	72,715	$	79,566	$	11,814	$	164,095
Selling, general and administrative expenses	40,886		57,997		13,429		112,312
Research and development expenses	3,683		2,603		1,097		7,383
Royalty expense	5,487		1,814		1,009		8,310
Segment profit (loss)	$	22,659	$	17,152	$	(3,721)	$	36,090
Corporate & unallocated expenses							(22,801)
Interest expense							(28,935)
Interest income							6,751
Foreign exchange loss							(4,750)
Other loss							(814)
Loss from continuing operations before income taxes							$	(14,459)

Schedule of Reconciliation of Revenue from Segments to Consolidated

Segment Reporting, Reconciliation of Other Item by Segment to Consolidated

Depreciation and amortization expense by segment were as follows as of the periods set forth below (amounts in thousands):

	Agricultural		Consumer		Earthmoving/Construction		Corporate & Unallocated		Total
Three months ended September 30, 2026	$	6,115	$	4,713	$	2,237	$	262	$	13,327
Nine months ended September 30, 2026	18,767		14,389		6,538		927		40,621
Three months ended September 30, 2025	$	6,546	$	4,609	$	2,016	$	362	$	13,533
Nine months ended September 30, 2025	19,633		13,327		5,846		1,038		39,844