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v3.26.1

Business Segments | 6 Months Ended
--- | ---
Jun. 30, 2026
Segment Reporting [Abstract] |
Segment Reporting [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
| 2026 |  | 2025 |  | 2026 |  | 2025
Revenues from external customers |  |  |  |  |  |  |
Americas | $ | 596.2 |  |  | $ | 707.5 |  |  | $ | 1,174.6 |  |  | $ | 1,406.4 |
EMEA | 118.2 |  |  | 148.3 |  |  | 244.2 |  |  | 266.5 |
JAPIC | 41.1 |  |  | 48.4 |  |  | 76.4 |  |  | 95.7 |
Lift truck business | 755.5 |  |  | 904.2 |  |  | 1,495.2 |  |  | 1,768.6 |
Bolzoni | 81.9 |  |  | 90.6 |  |  | 164.8 |  |  | 170.9 |
Eliminations | (24.5) |  |  | (38.2) |  |  | (51.9) |  |  | (72.5) |
Total | $ | 812.9 |  |  | $ | 956.6 |  |  | $ | 1,608.1 |  |  | $ | 1,867.0 |
Cost of Sales |  |  |  |  |  |  |
Americas | $ | 504.5 |  |  | $ | 577.6 |  |  | $ | 989.2 |  |  | $ | 1,134.0 |
EMEA | 107.9 |  |  | 133.5 |  |  | 225.3 |  |  | 238.8 |
JAPIC | 37.6 |  |  | 46.3 |  |  | 70.9 |  |  | 90.2 |
Lift truck business | 650.0 |  |  | 757.4 |  |  | 1,285.4 |  |  | 1,463.0 |
Bolzoni | 59.9 |  |  | 69.2 |  |  | 122.3 |  |  | 131.0 |
Eliminations | (24.6) |  |  | (38.2) |  |  | (52.0) |  |  | (72.9) |
Total | $ | 685.3 |  |  | $ | 788.4 |  |  | $ | 1,355.7 |  |  | $ | 1,521.1 |
Gross profit |  |  |  |  |  |  |
Americas | $ | 91.7 |  |  | $ | 129.9 |  |  | $ | 185.4 |  |  | $ | 272.4 |
EMEA | 10.3 |  |  | 14.8 |  |  | 18.9 |  |  | 27.7 |
JAPIC | 3.5 |  |  | 2.1 |  |  | 5.5 |  |  | 5.5 |
Lift truck business | 105.5 |  |  | 146.8 |  |  | 209.8 |  |  | 305.6 |
Bolzoni | 22.0 |  |  | 21.4 |  |  | 42.5 |  |  | 39.9 |
Eliminations | 0.1 |  |  | — |  |  | 0.1 |  |  | 0.4 |
Total | $ | 127.6 |  |  | $ | 168.2 |  |  | $ | 252.4 |  |  | $ | 345.9 |
Selling, general and administrative expenses |  |  |  |  |  |  |
Americas | $ | 86.4 |  |  | $ | 102.3 |  |  | $ | 180.2 |  |  | $ | 201.6 |
EMEA | 28.7 |  |  | 30.1 |  |  | 56.4 |  |  | 59.2 |
JAPIC | 9.2 |  |  | 9.6 |  |  | 18.3 |  |  | 19.5 |
Lift truck business | 124.3 |  |  | 142.0 |  |  | 254.9 |  |  | 280.3 |
Bolzoni | 20.0 |  |  | 19.0 |  |  | 40.6 |  |  | 36.9 |
Total | $ | 144.3 |  |  | $ | 161.0 |  |  | $ | 295.5 |  |  | $ | 317.2 |
Adjustments(a) |  |  |  |  |  |  |
Americas | $ | 1.7 |  |  | $ | 15.9 |  |  | $ | 3.3 |  |  | $ | 16.6 |
EMEA | — |  |  | (0.3) |  |  | — |  |  | (1.6) |
JAPIC | — |  |  | 0.1 |  |  | — |  |  | 0.9 |
Lift truck business | 1.7 |  |  | 15.7 |  |  | 3.3 |  |  | 15.9 |
Bolzoni | — |  |  | — |  |  | — |  |  | — |
Eliminations | — |  |  | — |  |  | — |  |  | — |
Total | $ | 1.7 |  |  | $ | 15.7 |  |  | $ | 3.3 |  |  | $ | 15.9 |
| THREE MONTHS ENDED |  | SIX MONTHS ENDED
| JUNE 30 |  | JUNE 30
| 2026 |  | 2025 |  | 2026 |  | 2025
Operating profit (loss) |  |  |  |  |  |  |
Americas | $ | 3.6 |  |  | $ | 11.7 |  |  | $ | 1.9 |  |  | $ | 54.2 |
EMEA | (18.4) |  |  | (15.0) |  |  | (37.5) |  |  | (29.9) |
JAPIC | (5.7) |  |  | (7.6) |  |  | (12.8) |  |  | (14.9) |
Lift truck business | (20.5) |  |  | (10.9) |  |  | (48.4) |  |  | 9.4 |
Bolzoni | 2.0 |  |  | 2.4 |  |  | 1.9 |  |  | 3.0 |
Eliminations | 0.1 |  |  | — |  |  | 0.1 |  |  | 0.4 |
Total | $ | (18.4) |  |  | $ | (8.5) |  |  | $ | (46.4) |  |  | $ | 12.8 |
Interest expense |  |  |  |  |  |  |
Americas | $ | 7.4 |  |  | $ | 7.3 |  |  | $ | 14.2 |  |  | $ | 14.5 |
EMEA | 0.2 |  |  | 0.3 |  |  | 0.4 |  |  | 0.4 |
JAPIC | 0.3 |  |  | 0.3 |  |  | 0.5 |  |  | 0.6 |
Eliminations | (0.6) |  |  | (0.2) |  |  | (1.0) |  |  | (0.4) |
Lift truck business | 7.3 |  |  | 7.7 |  |  | 14.1 |  |  | 15.1 |
Bolzoni | 0.7 |  |  | 0.6 |  |  | 1.3 |  |  | 1.1 |
Eliminations | (0.2) |  |  | (0.4) |  |  | (0.4) |  |  | (0.6) |
Total | $ | 7.8 |  |  | $ | 7.9 |  |  | $ | 15.0 |  |  | $ | 15.6 |
Depreciation and amortization |  |  |  |  |  |  |
Americas | $ | 4.5 |  |  | $ | 5.0 |  |  | $ | 8.8 |  |  | $ | 9.1 |
EMEA | 2.0 |  |  | 2.2 |  |  | 4.2 |  |  | 4.3 |
JAPIC | 1.8 |  |  | 1.6 |  |  | 3.4 |  |  | 3.3 |
Lift truck business | 8.3 |  |  | 8.8 |  |  | 16.4 |  |  | 16.7 |
Bolzoni | 2.6 |  |  | 3.0 |  |  | 5.8 |  |  | 6.1 |
Total | $ | 10.9 |  |  | $ | 11.8 |  |  | $ | 22.2 |  |  | $ | 22.8 |
Capital expenditures |  |  |  |  |  |  |
Americas | $ | (10.3) |  |  | $ | (8.3) |  |  | $ | (16.3) |  |  | $ | (14.4) |
EMEA | (0.9) |  |  | (3.3) |  |  | (3.2) |  |  | (4.4) |
JAPIC | (1.1) |  |  | (1.1) |  |  | (1.5) |  |  | (2.3) |
Lift truck business | (12.3) |  |  | (12.7) |  |  | (21.0) |  |  | (21.1) |
Bolzoni | (2.4) |  |  | (1.1) |  |  | (3.5) |  |  | (3.3) |
Total | $ | (14.7) |  |  | $ | (13.8) |  |  | $ | (24.5) |  |  | $ | (24.4) |
(a) Consists of restructuring charges (reversals) recognized during the three and six months ended June 30, 2026 and 2025 related to programs initiated in 2025 and 2024 and the strategic realignment of Nuvera in 2025. See Note 14, Restructuring and Impairment Charges, of the Company's unaudited condensed consolidated financial statements for further discussion.
| JUNE 30 2026 |  | DECEMBER 31 2025
Total assets |  |  |
Americas | $ | 1,557.7 |  |  | $ | 1,619.7 |
EMEA | 630.0 |  |  | 668.7 |
JAPIC | 270.2 |  |  | 263.2 |
Eliminations | (675.1) |  |  | (667.6) |
Lift truck business | 1,782.8 |  |  | 1,884.0 |
Bolzoni | 326.7 |  |  | 325.3 |
Eliminations | (181.3) |  |  | (188.7) |
Total | $ | 1,928.2 |  |  | $ | 2,020.6 |

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