XML 58 R46.htm IDEA: XBRL DOCUMENT v3.20.4
Business Segment Information (Tables)
3 Months Ended
Dec. 31, 2020
Segment Reporting [Abstract]  
Schedule of Net Sales by Product Lines and Reportable Segments

Selected financial information concerning the Company’s reportable segments and product lines is as follows (in millions):

 

 

 

Three Months Ended December 31,

 

 

 

2020

 

 

2019

 

 

 

External

Customers

 

 

Inter-

segment

 

 

Net

Sales

 

 

External

Customers

 

 

Inter-

segment

 

 

Net

Sales

 

Access Equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerial work platforms

 

$

278.0

 

 

$

 

 

$

278.0

 

 

$

306.0

 

 

$

 

 

$

306.0

 

Telehandlers

 

 

122.9

 

 

 

 

 

 

122.9

 

 

 

201.4

 

 

 

 

 

 

201.4

 

Other

 

 

161.5

 

 

 

1.3

 

 

 

162.8

 

 

 

210.5

 

 

 

 

 

 

210.5

 

Total Access Equipment

 

 

562.4

 

 

 

1.3

 

 

 

563.7

 

 

 

717.9

 

 

 

 

 

 

717.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Defense (a)

 

 

550.0

 

 

 

0.3

 

 

 

550.3

 

 

 

499.9

 

 

 

0.5

 

 

 

500.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fire & Emergency (a)

 

 

269.8

 

 

 

4.1

 

 

 

273.9

 

 

 

252.7

 

 

 

4.2

 

 

 

256.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Concrete placement

 

 

67.7

 

 

 

 

 

 

67.7

 

 

 

75.7

 

 

 

 

 

 

75.7

 

Refuse collection

 

 

102.3

 

 

 

 

 

 

102.3

 

 

 

115.9

 

 

 

 

 

 

115.9

 

Other

 

 

24.2

 

 

 

1.5

 

 

 

25.7

 

 

 

32.3

 

 

 

0.3

 

 

 

32.6

 

Total Commercial

 

 

194.2

 

 

 

1.5

 

 

 

195.7

 

 

 

223.9

 

 

 

0.3

 

 

 

224.2

 

Corporate and intersegment eliminations (a)

 

 

0.1

 

 

 

(7.2

)

 

 

(7.1

)

 

 

0.7

 

 

 

(5.0

)

 

 

(4.3

)

Consolidated

 

$

1,576.5

 

 

$

 

 

$

1,576.5

 

 

$

1,695.1

 

 

$

 

 

$

1,695.1

 

 

(a)

Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

 

Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments

 

 

Three Months Ended

December 31,

 

 

 

2020

 

 

2019

 

Operating income (loss):

 

 

 

 

 

 

 

 

Access Equipment (a)

 

$

24.9

 

 

$

69.0

 

Defense (b)

 

 

52.8

 

 

 

31.0

 

Fire & Emergency (b)

 

 

35.1

 

 

 

30.9

 

Commercial

 

 

11.9

 

 

 

17.8

 

Corporate

 

 

(28.8

)

 

 

(39.6

)

Consolidated

 

 

95.9

 

 

 

109.1

 

Interest expense, net of interest income

 

 

(11.4

)

 

 

(11.8

)

Miscellaneous other expense

 

 

(1.5

)

 

 

(0.4

)

Income before income taxes and losses of unconsolidated affiliates

 

$

83.0

 

 

$

96.9

 

 

(a)

Results for the three months ended December 31, 2020 include $4.8 million of restructuring costs and $3.2 million of other costs related to restructuring plans.

(b)

Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

 

 

Schedule of Identifiable Assets by Business Segments and by Geographical Areas

 

 

December 31,

2020

 

 

September 30,

2020

 

Identifiable assets:

 

 

 

 

 

 

 

 

Access Equipment:

 

 

 

 

 

 

 

 

U.S.

 

$

1,975.9

 

 

$

2,151.4

 

Europe, Africa and Middle East

 

 

408.0

 

 

 

383.4

 

Rest of the World

 

 

373.1

 

 

 

359.0

 

Total Access Equipment

 

 

2,757.0

 

 

 

2,893.8

 

Defense: (a)

 

 

 

 

 

 

 

 

U.S.

 

 

1,153.0

 

 

 

1,078.7

 

Rest of the World

 

 

5.3

 

 

 

7.2

 

Total Defense

 

 

1,158.3

 

 

 

1,085.9

 

Fire & Emergency - U.S. (a)

 

 

530.9

 

 

 

563.6

 

Commercial:

 

 

 

 

 

 

 

 

U.S.

 

 

336.7

 

 

 

370.7

 

Rest of the World

 

 

53.4

 

 

 

47.5

 

Total Commercial

 

 

390.1

 

 

 

418.2

 

Corporate - U.S. (b)

 

 

1,180.1

 

 

 

854.4

 

Consolidated

 

$

6,016.4

 

 

$

5,815.9

 

(a)

Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.

(b)

Primarily includes cash and short-term investments and the Company’s global headquarters.

 

Schedule of Net Sales by Geographical Areas

The following table presents net sales by geographic region based on product shipment destination (in millions):

 

 

Three Months Ended December 31, 2020

 

 

 

Access

Equipment

 

 

Defense

 

 

Fire &

Emergency

 

 

Commercial

 

 

Eliminations

 

 

Total

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

405.3

 

 

$

494.2

 

 

$

253.0

 

 

$

194.5

 

 

$

(7.1

)

 

$

1,339.9

 

Europe, Africa and Middle East

 

 

74.4

 

 

 

55.3

 

 

 

13.0

 

 

 

0.2

 

 

 

 

 

 

142.9

 

Rest of the World

 

 

84.0

 

 

 

0.8

 

 

 

7.9

 

 

 

1.0

 

 

 

 

 

 

93.7

 

Consolidated

 

$

563.7

 

 

$

550.3

 

 

$

273.9

 

 

$

195.7

 

 

$

(7.1

)

 

$

1,576.5

 

 

 

 

Three Months Ended December 31, 2019

 

 

 

Access Equipment

 

 

Defense (a)

 

 

Fire & Emergency (a)

 

 

Commercial

 

 

Eliminations (a)

 

 

Total

 

Net sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

$

547.1

 

 

$

492.9

 

 

$

238.4

 

 

$

218.6

 

 

$

(4.3

)

 

$

1,492.7

 

Europe, Africa and Middle East

 

 

74.2

 

 

 

6.0

 

 

 

0.4

 

 

 

0.4

 

 

 

 

 

 

81.0

 

Rest of the World

 

 

96.6

 

 

 

1.5

 

 

 

18.1

 

 

 

5.2

 

 

 

 

 

 

121.4

 

Consolidated

 

$

717.9

 

 

$

500.4

 

 

$

256.9

 

 

$

224.2

 

 

$

(4.3

)

 

$

1,695.1

 

(a)

Results have been reclassified to reflect the move of the airport snow removal vehicle business from the Fire & Emergency segment to the Defense segment.