XML 11 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues:    
Total revenues $ 410.5 $ 423.0
Cost of revenues:    
Total cost of revenues 301.2 308.0
Gross profit 109.3 115.0
Selling, general and administrative expenses 108.2 106.7
Non-rental depreciation and amortization 6.8 7.5
Total operating expenses 115.0 114.2
(Loss) income from operations (5.7) 0.8
Other (expense) income:    
Interest expense, floor plan payable – new equipment (2.0) (3.2)
Interest expense – other (17.5) (18.7)
Other income 1.7 0.9
Gain on divestiture 0.2  
Total other expense, net (17.6) (21.0)
Loss before taxes (23.3) (20.2)
Income tax (benefit) expense (3.8) 0.7
Net loss (19.5) (20.9)
Preferred stock dividends (0.8) (0.8)
Net loss available to common stockholders $ (20.3) $ (21.7)
Basic loss per share $ (0.62) $ (0.65)
Diluted loss per share $ (0.62) $ (0.65)
Basic weighted average common shares outstanding 32,617,531 33,167,370
Diluted weighted average common shares outstanding 32,617,531 33,167,370
New and Used Equipment Sales    
Revenues:    
Total revenues $ 206.9 $ 221.7
Cost of revenues:    
Total cost of revenues 175.7 188.1
Parts Sales    
Revenues:    
Total revenues 71.2 72.0
Cost of revenues:    
Total cost of revenues 47.6 47.6
Service Revenues    
Revenues:    
Total revenues 63.6 66.1
Cost of revenues:    
Total cost of revenues 25.3 26.4
Rental Revenues    
Revenues:    
Total revenues 38.6 42.3
Cost of revenues:    
Total cost of revenues 4.0 5.0
Rental Equipment Sales    
Revenues:    
Total revenues 30.2 20.9
Cost of revenues:    
Total cost of revenues 25.1 16.0
Rental Depreciation    
Cost of revenues:    
Total cost of revenues $ 23.5 $ 24.9