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Business Segments

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Financial information for each reportable segment is presented in the following table:

			THREE MONTHS ENDED												SIX MONTHS ENDED
			JUNE 30												JUNE 30
			2025						2024						2025						2024
Revenues from external customers
Americas			$	707.5					$	881.5					$	1,406.4					$	1,651.4
EMEA			148.3						187.8						266.5						387.2
JAPIC			48.4						48.7						95.7						86.4
Lift truck business			904.2						1,118.0						1,768.6						2,125.0
Bolzoni			90.6						102.4						170.9						198.6
Eliminations			(38.2)						(52.3)						(72.5)						(99.0)
Total			$	956.6					$	1,168.1					$	1,867.0					$	2,224.6
Cost of Sales
Americas			$	577.6					$	681.9					$	1,134.0					$	1,276.0
EMEA			133.5						155.3						238.8						320.8
JAPIC			46.3						43.9						90.2						78.0
Lift truck business			757.4						881.1						1,463.0						1,674.8
Bolzoni			69.2						80.0						131.0						154.4
Eliminations			(38.2)						(52.3)						(72.9)						(99.6)
Total			$	788.4					$	908.8					$	1,521.1					$	1,729.6
Gross profit (loss)
Americas			$	129.9					$	199.6					$	272.4					$	375.4
EMEA			14.8						32.5						27.7						66.4
JAPIC			2.1						4.8						5.5						8.4
Lift truck business			146.8						236.9						305.6						450.2
Bolzoni			21.4						22.4						39.9						44.2
Eliminations			—						—						0.4						0.6
Total			$	168.2					$	259.3					$	345.9					$	495.0
Selling, general and administrative expenses
Americas			$	102.3					$	107.1					$	201.6					$	202.7
EMEA			30.1						27.7						59.2						56.4
JAPIC			9.6						10.5						19.5						19.6
Lift truck business			142.0						145.3						280.3						278.7
Bolzoni			19.0						18.4						36.9						36.9
Total			$	161.0					$	163.7					$	317.2					$	315.6
Adjustments(a)
Americas			$	15.9					$	—					$	16.6					$	—
EMEA			(0.3)						—						(1.6)						—
JAPIC			0.1						—						0.9						—
Lift truck business			15.7						—						15.9						—
Bolzoni			—						—						—						—
Eliminations			—						—						—						—
Total			$	15.7					$	—					$	15.9					$	—

			THREE MONTHS ENDED												SIX MONTHS ENDED
			JUNE 30												JUNE 30
			2025						2024						2025						2024
Operating profit (loss)
Americas			$	11.7					$	92.5					$	54.2					$	172.7
EMEA			(15.0)						4.8						(29.9)						10.0
JAPIC			(7.6)						(5.7)						(14.9)						(11.2)
Lift truck business			(10.9)						91.6						9.4						171.5
Bolzoni			2.4						4.0						3.0						7.3
Eliminations			—						—						0.4						0.6
Total			$	(8.5)					$	95.6					$	12.8					$	179.4
Interest expense
Americas			$	7.3					$	8.0					$	14.5					$	16.0
EMEA			0.3						0.7						0.4						1.3
JAPIC			0.3						0.3						0.6						0.6
Eliminations			(0.2)						(0.3)						(0.4)						(0.5)
Lift truck business			7.7						8.7						15.1						17.4
Bolzoni			0.6						0.5						1.1						0.9
Eliminations			(0.4)						(0.4)						(0.6)						(0.6)
Total			$	7.9					$	8.8					$	15.6					$	17.7
Depreciation and amortization
Americas			$	5.0					$	5.2					$	9.1					$	10.0
EMEA			2.2						2.1						4.3						4.2
JAPIC			1.6						2.0						3.3						3.9
Lift truck business			8.8						9.3						16.7						18.1
Bolzoni			3.0						3.1						6.1						6.0
Total			$	11.8					$	12.4					$	22.8					$	24.1
Capital expenditures
Americas			$	(8.3)					$	(8.4)					$	(14.4)					$	(14.4)
EMEA			(3.3)						(1.0)						(4.4)						(1.2)
JAPIC			(1.1)						(1.7)						(2.3)						(2.1)
Lift truck business			(12.7)						(11.1)						(21.1)						(17.7)
Bolzoni			(1.1)						(1.1)						(3.3)						(2.0)
Total			$	(13.8)					$	(12.2)					$	(24.4)					$	(19.7)

(a) Consists of restructuring charges (reversals) recognized during the three and six months ended June 30, 2025 related to programs initiated in 2024 and the strategic realignment of Nuvera in 2025. See Note 15, Restructuring and Impairment Charges, of the Company's unaudited condensed consolidated financial statements for further discussion.

			JUNE 30 2025						DECEMBER 31 2024
Total assets
Americas			$	1,936.9					$	1,938.6
EMEA			701.6						678.5
JAPIC			255.2						252.9
Eliminations			(929.9)						(928.3)
Lift truck business			1,963.8						1,941.7
Bolzoni			336.1						290.8
Eliminations			(224.8)						(203.3)
Total			2,075.1						2,029.2

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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