v3.26.1
Divestitures
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
DIVESTITURES

NOTE 15 — DIVESTITURES

On March 1, 2026, the Company’s Material Handling segment entered into a definitive agreement and closed on the divestiture of its one location battery shop business in New England for $1.5 million in cash at closing, subject to fees and closing costs, resulting in a gain on the divestiture of $0.2 million disclosed in the line item “Loss (gain) on divestitures” in our Condensed Consolidated Statements of Operations. The Company allocated the proceeds from the divesture to reduce its outstanding senior indebtedness.

During the second quarter of 2026, the Company also recorded an insignificant working capital adjustment related to the 2025 divestiture of its Dock and Door business. We describe our 2025 divestitures in more detail in Note 15 of the consolidated financial statements in our Annual Report on Form 10-K.

See the Condensed Consolidated Statements of Cash Flows for the total cash inflow in “Proceeds from divestiture, net” and the gain (loss) on sale in “Loss (gain) on divestitures” for the cash flow impact of the divestiture activity.