v3.26.1
Business Segments
 3 Months Ended
Mar. 31, 2026
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
 MARCH 31
 20262025
Revenues from external customers   
Americas$578.4 $698.9 
EMEA126.0 118.2 
JAPIC35.3 47.3 
Lift truck business739.7 864.4 
Bolzoni82.9 80.3 
  Eliminations(27.4)(34.3)
Total$795.2 $910.4 
Cost of Sales
Americas$484.7 $556.4 
EMEA117.4 105.3 
JAPIC33.3 43.9 
Lift truck business635.4 705.6 
Bolzoni62.4 61.8 
Eliminations(27.4)(34.7)
Total$670.4 $732.7 
 THREE MONTHS ENDED
 MARCH 31
 20262025
Gross profit
Americas$93.7 $142.5 
EMEA8.6 12.9 
JAPIC2.0 3.4 
Lift truck business104.3 158.8 
Bolzoni20.5 18.5 
Eliminations— 0.4 
Total$124.8 $177.7 
Selling, general and administrative expenses
Americas$93.8 $99.3 
EMEA27.7 29.1 
JAPIC9.1 9.9 
Lift truck business130.6 138.3 
Bolzoni20.6 17.9 
Total$151.2 $156.2 
Adjustments(a)
Americas$1.6 $0.7 
EMEA— (1.3)
JAPIC— 0.8 
Lift truck business1.6 0.2 
Bolzoni— — 
Eliminations— — 
Total$1.6 $0.2 
Operating profit (loss)
Americas$(1.7)$42.5 
EMEA(19.1)(14.9)
JAPIC(7.1)(7.3)
Lift truck business(27.9)20.3 
Bolzoni(0.1)0.6 
     Eliminations— 0.4 
Total$(28.0)$21.3 
Interest expense
Americas$6.8 $7.2 
EMEA0.2 0.1 
JAPIC0.2 0.3 
Eliminations(0.4)(0.2)
Lift truck business6.8 7.4 
Bolzoni0.6 0.5 
Eliminations(0.2)(0.2)
Total$7.2 $7.7 
 THREE MONTHS ENDED
 MARCH 31
 20262025
Depreciation and amortization
Americas$4.3 $4.1 
EMEA2.2 2.1 
JAPIC1.6 1.7 
Lift truck business8.1 7.9 
Bolzoni3.2 3.1 
Total$11.3 $11.0 
Capital expenditures
Americas$(6.0)$(6.1)
EMEA(2.3)(1.1)
JAPIC(0.4)(1.2)
Lift truck business(8.7)(8.4)
Bolzoni(1.1)(2.2)
Total$(9.8)$(10.6)
(a) Consists of restructuring charges (reversals) recognized during the three months ended March 31, 2026 and 2025 related to programs initiated in 2024. See Note 14, Restructuring and Impairment Charges, of the Company's unaudited condensed consolidated financial statements for further discussion.
MARCH 31
2026
DECEMBER 31 2025
Total assets
Americas$1,593.1 $1,619.7 
EMEA650.0 668.7 
JAPIC261.5 263.2 
Eliminations(676.5)(667.6)
Lift truck business1,828.1 1,884.0 
Bolzoni326.0 325.3 
Eliminations(196.0)(188.7)
Total1,958.1 $2,020.6