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Segments (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Results of Operations by Reportable Segment | The following tables summarize key financial information by reportable segment:
| Year Ended December 31, 2024 |
| Material Handling |  |  | Construction Equipment |  |  | Master Distribution |  |  | Corporate and Other |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
New and used equipment sales | $ | 365.2 |  |  | $ | 574.4 |  |  | $ | 48.0 |  |  | $ | (0.6 | ) |  | $ | 987.0 |
Parts sales |  | 99.6 |  |  |  | 186.7 |  |  |  | 8.9 |  |  |  | (0.8 | ) |  |  | 294.4 |
Service revenues |  | 135.9 |  |  |  | 117.1 |  |  |  | 0.8 |  |  |  | — |  |  |  | 253.8 |
Rental revenues |  | 76.2 |  |  |  | 125.7 |  |  |  | 1.5 |  |  |  | — |  |  |  | 203.4 |
Rental equipment sales |  | 10.5 |  |  |  | 127.5 |  |  |  | — |  |  |  | — |  |  |  | 138.0 |
Total revenues |  | 687.4 |  |  |  | 1,131.4 |  |  |  | 59.2 |  |  |  | (1.4 | ) |  |  | 1,876.6 |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
New and used equipment sales |  | 300.2 |  |  |  | 503.3 |  |  |  | 35.9 |  |  |  | (1.5 | ) |  |  | 837.9 |
Parts sales |  | 62.6 |  |  |  | 129.5 |  |  |  | 5.0 |  |  |  | (0.9 | ) |  |  | 196.2 |
Service revenues |  | 56.2 |  |  |  | 48.8 |  |  |  | 0.9 |  |  |  | (0.1 | ) |  |  | 105.8 |
Rental revenues |  | 6.5 |  |  |  | 16.0 |  |  |  | — |  |  |  | — |  |  |  | 22.5 |
Rental equipment sales |  | 7.6 |  |  |  | 97.0 |  |  |  | — |  |  |  | — |  |  |  | 104.6 |
Selling, general and administrative expenses |  | 184.7 |  |  |  | 229.6 |  |  |  | 13.0 |  |  |  | 19.2 |  |  |  | 446.5 |
Other segment items(1) |  | (0.5 | ) |  |  | 3.0 |  |  |  | (0.3 | ) |  |  | (7.4 | ) |  |  | (5.2 | )
Segment adjusted EBITDA(2) |  | 70.1 |  |  |  | 104.2 |  |  |  | 4.7 |  |  |  | (10.7 | ) |  |  | 168.3 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  | 144.5 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | 81.3 |
Other(1) |  |  |  |  |  |  |  |  |  |  |  |  |  | 8.8 |
Loss before taxes |  |  |  |  |  |  |  |  |  |  |  |  | $ | (66.3 | )
Total assets, end of period | $ | 447.5 |  |  | $ | 898.1 |  |  | $ | 86.7 |  |  | $ | 48.1 |  |  | $ | 1,480.4 |
Capital expenditures |  | 42.5 |  |  |  | 27.2 |  |  |  | 0.2 |  |  |  | 0.6 |  |  |  | 70.5 |
Depreciation and amortization |  | 41.0 |  |  |  | 97.9 |  |  |  | 4.6 |  |  |  | 1.0 |  |  |  | 144.5 |
Interest expense |  | 24.2 |  |  |  | 48.5 |  |  |  | 4.5 |  |  |  | 4.1 |  |  |  | 81.3 |
| Year Ended December 31, 2023 |
| Material Handling |  |  | Construction Equipment |  |  | Master Distribution |  |  | Corporate and Other |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
New and used equipment sales | $ | 367.6 |  |  | $ | 597.9 |  |  | $ | 72.5 |  |  | $ | (12.1 | ) |  | $ | 1,025.9 |
Parts sales |  | 99.5 |  |  |  | 170.1 |  |  |  | 9.8 |  |  |  | (1.1 | ) |  |  | 278.3 |
Service revenues |  | 132.8 |  |  |  | 108.2 |  |  |  | 0.3 |  |  |  | — |  |  |  | 241.3 |
Rental revenues |  | 76.4 |  |  |  | 124.8 |  |  |  | 1.2 |  |  |  | — |  |  |  | 202.4 |
Rental equipment sales |  | 5.2 |  |  |  | 123.7 |  |  |  | — |  |  |  | — |  |  |  | 128.9 |
Total revenues |  | 681.5 |  |  |  | 1,124.7 |  |  |  | 83.8 |  |  |  | (13.2 | ) |  |  | 1,876.8 |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
New and used equipment sales |  | 294.3 |  |  |  | 515.5 |  |  |  | 54.4 |  |  |  | (10.6 | ) |  |  | 853.6 |
Parts sales |  | 61.8 |  |  |  | 117.5 |  |  |  | 5.0 |  |  |  | (1.1 | ) |  |  | 183.2 |
Service revenues |  | 57.3 |  |  |  | 45.9 |  |  |  | 0.2 |  |  |  | — |  |  |  | 103.4 |
Rental revenues |  | 9.7 |  |  |  | 15.1 |  |  |  | — |  |  |  | — |  |  |  | 24.8 |
Rental equipment sales |  | 3.4 |  |  |  | 91.1 |  |  |  | — |  |  |  | — |  |  |  | 94.5 |
Selling, general and administrative expenses |  | 187.8 |  |  |  | 211.6 |  |  |  | 12.3 |  |  |  | 18.6 |  |  |  | 430.3 |
Other segment items(1) |  | 1.5 |  |  |  | (0.6 | ) |  |  | (0.6 | ) |  |  | (4.7 | ) |  |  | (4.4 | )
Segment adjusted EBITDA(2) |  | 65.7 |  |  |  | 128.6 |  |  |  | 12.5 |  |  |  | (15.4 | ) |  |  | 191.4 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  | 132.6 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | 57.0 |
Other(1) |  |  |  |  |  |  |  |  |  |  |  |  |  | (0.7 | )
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2.5 |
Total assets, end of period | $ | 474.3 |  |  | $ | 947.6 |  |  | $ | 85.9 |  |  | $ | 63.1 |  |  | $ | 1,570.9 |
Capital expenditures |  | 45.2 |  |  |  | 28.2 |  |  |  | — |  |  |  | 1.2 |  |  |  | 74.6 |
Depreciation and amortization |  | 34.9 |  |  |  | 92.5 |  |  |  | 4.4 |  |  |  | 0.8 |  |  |  | 132.6 |
Interest expense |  | 18.1 |  |  |  | 33.1 |  |  |  | 3.4 |  |  |  | 2.4 |  |  |  | 57.0 |
| Year Ended December 31, 2022 |
| Material Handling |  |  | Construction Equipment |  |  | Master Distribution |  |  | Corporate and Other |  |  | Total |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
New and used equipment sales | $ | 305.2 |  |  | $ | 508.2 |  |  | $ | 5.0 |  |  | $ | (1.2 | ) |  | $ | 817.2 |
Parts sales |  | 84.4 |  |  |  | 149.0 |  |  |  | 1.6 |  |  |  | (0.2 | ) |  |  | 234.8 |
Service revenues |  | 112.1 |  |  |  | 94.4 |  |  |  | 0.1 |  |  |  | — |  |  |  | 206.6 |
Rental revenues |  | 63.5 |  |  |  | 116.6 |  |  |  | — |  |  |  | — |  |  |  | 180.1 |
Rental equipment sales |  | 5.5 |  |  |  | 127.6 |  |  |  | — |  |  |  | — |  |  |  | 133.1 |
Total revenues |  | 570.7 |  |  |  | 995.8 |  |  |  | 6.7 |  |  |  | (1.4 | ) |  |  | 1,571.8 |
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
New and used equipment sales |  | 242.9 |  |  |  | 436.7 |  |  |  | 4.6 |  |  |  | (1.0 | ) |  |  | 683.2 |
Parts sales |  | 52.8 |  |  |  | 103.7 |  |  |  | 1.0 |  |  |  | (0.1 | ) |  |  | 157.4 |
Service revenues |  | 49.5 |  |  |  | 41.2 |  |  |  | — |  |  |  | — |  |  |  | 90.7 |
Rental revenues |  | 6.1 |  |  |  | 16.3 |  |  |  | — |  |  |  | — |  |  |  | 22.4 |
Rental equipment sales |  | 3.3 |  |  |  | 99.7 |  |  |  | — |  |  |  | — |  |  |  | 103.0 |
Selling, general and administrative expenses |  | 164.9 |  |  |  | 178.8 |  |  |  | 1.5 |  |  |  | 17.1 |  |  |  | 362.3 |
Other segment items(1) |  | (4.9 | ) |  |  | 3.9 |  |  |  | — |  |  |  | (4.3 | ) |  |  | (5.3 | )
Segment adjusted EBITDA(2) |  | 56.1 |  |  |  | 115.5 |  |  |  | (0.4 | ) |  |  | (13.1 | ) |  |  | 158.1 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  | 112.0 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  | 31.8 |
Other(1) |  |  |  |  |  |  |  |  |  |  |  |  |  | 3.7 |
Income before taxes |  |  |  |  |  |  |  |  |  |  |  |  | $ | 10.6 |
Total assets, end of period | $ | 416.3 |  |  | $ | 775.5 |  |  | $ | 77.6 |  |  | $ | 21.2 |  |  | $ | 1,290.6 |
Capital expenditures |  | 38.0 |  |  |  | 36.8 |  |  |  | — |  |  |  | 1.9 |  |  |  | 76.7 |
Depreciation and amortization |  | 26.8 |  |  |  | 84.6 |  |  |  | 0.6 |  |  |  | — |  |  |  | 112.0 |
Interest expense |  | 11.7 |  |  |  | 17.7 |  |  |  | 0.5 |  |  |  | 1.9 |  |  |  | 31.8 |
(1) Primarily includes other income (expense) and non-recurring items. (2) See definition in Part II Item 7 under Non-GAAP Financial Measures.

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- 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 + Details
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