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Business Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule of Net Sales by Product Lines and Reportable Segments | Selected financial information relating to the Company’s reportable segments and product lines is as follows (in millions):
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
|  | External Customers |  |  | Inter- segment |  |  | Net Sales |  |  | External Customers |  |  | Inter- segment |  |  | Net Sales |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Access |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerial work platforms |  | $ | 591.0 |  |  | $ | — |  |  | $ | 591.0 |  |  | $ | 602.0 |  |  | $ | — |  |  | $ | 602.0 |
Telehandlers |  |  | 373.4 |  |  |  | — |  |  |  | 373.4 |  |  |  | 341.4 |  |  |  | — |  |  |  | 341.4 |
Other |  |  | 273.1 |  |  |  | — |  |  |  | 273.1 |  |  |  | 249.8 |  |  |  | — |  |  |  | 249.8 |
Total Access |  |  | 1,237.5 |  |  |  | — |  |  |  | 1,237.5 |  |  |  | 1,193.2 |  |  |  | — |  |  |  | 1,193.2 |
Defense |  |  | 534.6 |  |  |  | 2.3 |  |  |  | 536.9 |  |  |  | 512.8 |  |  |  | 0.3 |  |  |  | 513.1 |
Vocational |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fire apparatus |  |  | 327.2 |  |  |  | — |  |  |  | 327.2 |  |  |  | 288.4 |  |  |  | — |  |  |  | 288.4 |
Refuse collection |  |  | 147.3 |  |  |  | — |  |  |  | 147.3 |  |  |  | 141.9 |  |  |  | — |  |  |  | 141.9 |
Other |  |  | 297.2 |  |  |  | 0.7 |  |  |  | 297.9 |  |  |  | 131.7 |  |  |  | 0.7 |  |  |  | 132.4 |
Total Vocational |  |  | 771.7 |  |  |  | 0.7 |  |  |  | 772.4 |  |  |  | 562.0 |  |  |  | 0.7 |  |  |  | 562.7 |
Eliminations |  |  | — |  |  |  | (3.0 | ) |  |  | (3.0 | ) |  |  | 0.1 |  |  |  | (1.0 | ) |  |  | (0.9 | )
Consolidated |  | $ | 2,543.8 |  |  | $ | — |  |  | $ | 2,543.8 |  |  | $ | 2,268.1 |  |  | $ | — |  |  | $ | 2,268.1 |
Schedule of Income (Loss) from Continuing Operations by Product Lines and Reportable Segments |
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Operating income (loss): |  |  |  |  |  |
Access |  | $ | 208.1 |  |  | $ | 135.0 |
Defense |  |  | 11.3 |  |  |  | 1.7 |
Vocational |  |  | 80.1 |  |  |  | 28.1 |
Corporate and intersegment eliminations |  |  | (39.8 | ) |  |  | (34.0 | )
Consolidated |  |  | 259.7 |  |  |  | 130.8 |
Interest expense, net of interest income |  |  | (20.8 | ) |  |  | (7.2 | )
Miscellaneous income (expense), net |  |  | (2.0 | ) |  |  | 5.8 |
Income before income taxes and losses of unconsolidated affiliates |  | $ | 236.9 |  |  | $ | 129.4 |
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 March 31, 2024 |
|  | Access |  |  | Defense |  |  | Vocational |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 1,031.9 |  |  | $ | 460.8 |  |  | $ | 754.2 |  |  | $ | (3.0 | ) |  | $ | 2,243.9 |
Europe, Africa and Middle East |  |  | 106.0 |  |  |  | 75.9 |  |  |  | 10.1 |  |  |  | — |  |  |  | 192.0 |
Rest of the World |  |  | 99.6 |  |  |  | 0.2 |  |  |  | 8.1 |  |  |  | — |  |  |  | 107.9 |
Consolidated |  | $ | 1,237.5 |  |  | $ | 536.9 |  |  | $ | 772.4 |  |  | $ | (3.0 | ) |  | $ | 2,543.8 |
|  | Three Months Ended March 31, 2023 |
|  | Access |  |  | Defense |  |  | Vocational |  |  | Eliminations |  |  | Total |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America |  | $ | 948.6 |  |  | $ | 427.6 |  |  | $ | 553.4 |  |  | $ | (0.9 | ) |  | $ | 1,928.7 |
Europe, Africa and Middle East |  |  | 136.7 |  |  |  | 85.3 |  |  |  | 1.7 |  |  |  | — |  |  |  | 223.7 |
Rest of the World |  |  | 107.9 |  |  |  | 0.2 |  |  |  | 7.6 |  |  |  | — |  |  |  | 115.7 |
Consolidated |  | $ | 1,193.2 |  |  | $ | 513.1 |  |  | $ | 562.7 |  |  | $ | (0.9 | ) |  | $ | 2,268.1 |

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