v3.26.3
Business Segments
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting [Table Text Block]
Financial information for each reportable segment is presented in the following table:
THREE MONTHS ENDEDNINE MONTHS ENDED
SEPTEMBER 30SEPTEMBER 30
2026202520262025
Revenues from external customers
Americas$608.6 $732.7 $1,783.2 $2,139.1 
EMEA122.8 150.1 367.0 416.6 
JAPIC44.1 46.5 120.5 142.2 
Lift truck business775.5 929.3 2,270.7 2,697.9 
Bolzoni82.3 87.0 247.1 257.9 
  Eliminations(30.4)(37.2)(82.3)(109.7)
Total$827.4 $979.1 $2,435.5 $2,846.1 
Cost of Sales
Americas$514.1 $614.9 $1,503.3 $1,748.9 
EMEA114.4 137.8 339.7 376.6 
JAPIC40.5 42.3 111.4 132.5 
Lift truck business669.0 795.0 1,954.4 2,258.0 
Bolzoni64.5 65.6 186.8 196.6 
Eliminations(30.2)(37.4)(82.2)(110.3)
Total$703.3 $823.2 $2,059.0 $2,344.3 
Gross profit
Americas$94.5 $117.8 $279.9 $390.2 
EMEA8.4 12.3 27.3 40.0 
JAPIC3.6 4.2 9.1 9.7 
Lift truck business106.5 134.3 316.3 439.9 
Bolzoni17.8 21.4 60.3 61.3 
Eliminations(0.2)0.2 (0.1)0.6 
Total$124.1 $155.9 $376.5 $501.8 
Selling, general and administrative expenses
Americas$80.8 $95.7 $261.0 $297.3 
EMEA25.6 29.2 82.0 88.4 
JAPIC9.3 8.4 27.6 27.9 
Lift truck business115.7 133.3 370.6 413.6 
Bolzoni16.0 19.3 56.6 56.2 
Total$131.7 $152.6 $427.2 $469.8 
Adjustments(a)
Americas$1.5 $1.0 $4.8 $17.6 
EMEA— — — (1.6)
JAPIC— — — 0.9 
Lift truck business1.5 1.0 4.8 16.9 
Bolzoni— — — — 
Eliminations— — — — 
Total$1.5 $1.0 $4.8 $16.9 
THREE MONTHS ENDEDNINE MONTHS ENDED
SEPTEMBER 30SEPTEMBER 30
2026202520262025
Operating profit (loss)
Americas$12.2 $21.1 $14.1 $75.3 
EMEA(17.2)(16.9)(54.7)(46.8)
JAPIC(5.7)(4.2)(18.5)(19.1)
Lift truck business(10.7)— (59.1)9.4 
Bolzoni1.8 2.1 3.7 5.1 
     Eliminations(0.2)0.2 (0.1)0.6 
Total$(9.1)$2.3 $(55.5)$15.1 
Interest expense
Americas$6.6 $7.5 $20.8 $22.0 
EMEA0.3 0.2 0.7 0.6 
JAPIC0.4 0.3 0.9 0.9 
Eliminations(0.6)(0.2)(1.6)(0.6)
Lift truck business6.7 7.8 20.8 22.9 
Bolzoni0.7 0.5 2.0 1.6 
Eliminations(0.2)(0.3)(0.6)(0.9)
Total$7.2 $8.0 $22.2 $23.6 
Depreciation and amortization
Americas$4.9 $4.4 $13.7 $13.5 
EMEA2.1 2.3 6.3 6.6 
JAPIC1.7 1.5 5.1 4.8 
Lift truck business8.7 8.2 25.1 24.9 
Bolzoni2.7 3.1 8.5 9.2 
Total$11.4 $11.3 $33.6 $34.1 
Capital expenditures
Americas$(6.5)$(10.3)$(22.8)$(24.7)
EMEA(2.4)(2.7)(5.6)(7.1)
JAPIC(1.5)(0.1)(3.0)(2.4)
Lift truck business(10.4)(13.1)(31.4)(34.2)
Bolzoni(3.4)(1.4)(6.9)(4.7)
Total$(13.8)$(14.5)$(38.3)$(38.9)
(a) Consists of restructuring charges (reversals) recognized during the three and nine months ended September 30, 2026 and 2025 related to previously announced programs initiated in 2025 and 2024 and the strategic realignment of Nuvera Fuel Cells, LLC ("Nuvera") in 2025. See Note 14, Restructuring and Impairment Charges, of the Company's unaudited condensed consolidated financial statements for further discussion.
SEPTEMBER 30
2026
DECEMBER 31 2025
Total assets
Americas$1,547.4 $1,619.7 
EMEA645.0 668.7 
JAPIC286.9 263.2 
Eliminations(680.4)(667.6)
Lift truck business1,798.9 1,884.0 
Bolzoni321.5 325.3 
Eliminations(188.2)(188.7)
Total$1,932.2 $2,020.6