XML 32 R22.htm IDEA: XBRL DOCUMENT v3.22.2.2
BUSINESS SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of business segment information Business segment information is presented below (in millions):
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2022202120222021
Net sales  
MP$457.9 $418.7 $1,391.3 $1,237.7 
AWP662.6 572.5 1,811.8 1,644.4 
Corporate and Other / Eliminations— 2.6 (3.0)14.6 
Total$1,120.5 $993.8 $3,200.1 $2,896.7 
Income (loss) from operations  
MP$66.8 $57.1 $210.8 $178.3 
AWP63.5 34.9 142.2 126.7 
Corporate and Other / Eliminations(9.5)(17.8)(53.8)(46.8)
Total$120.8 $74.2 $299.2 $258.2 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
 September 30,
2022
December 31,
2021
Identifiable assets  
MP$1,687.2 $1,648.0 
AWP (1)
2,023.8 1,870.8 
Corporate and Other / Eliminations(734.5)(655.3)
Total$2,976.5 $2,863.5 
(1)     Increase primarily due to higher inventory and fixed assets.
Revenue from External Customers by Geographic Areas
Geographic net sales information is presented below (in millions):
 
Three Months Ended
September 30, 2022
Three Months Ended
September 30, 2021
 MPAWPCorporate and Other / EliminationsTotalMPAWPCorporate and Other / EliminationsTotal
Net sales by region 
North America$189.9 $444.8 $7.4 $642.1 $159.8 $377.5 $8.3 $545.6 
Western Europe137.1 98.4 0.1 235.6 117.9 81.8 0.2 199.9 
Asia-Pacific95.0 65.9 0.5 161.4 95.5 80.5 0.5 176.5 
Rest of World (1)
35.9 53.5 (8.0)81.4 45.5 32.7 (6.4)71.8 
Total (2)
$457.9 $662.6 $— $1,120.5 $418.7 $572.5 $2.6 $993.8 

(1) Includes intercompany sales and eliminations.
(2)     Total sales include $568.6 million and $490.3 million for the three months ended September 30, 2022 and 2021, respectively, attributable to the U.S., the Company’s country of domicile.

 
Nine Months Ended
September 30, 2022
Nine Months Ended
September 30, 2021
 MPAWPCorporate and Other / EliminationsTotalMPAWPCorporate and Other / EliminationsTotal
Net sales by region 
North America$561.7 $1,226.8 $10.8 $1,799.3 $488.9 $1,066.7 $23.7 $1,579.3 
Western Europe431.8 293.0 0.3 725.1 379.8 265.8 0.4 646.0 
Asia-Pacific282.9 161.5 0.5 444.9 258.0 241.6 0.9 500.5 
Rest of World (1)
114.9 130.5 (14.6)230.8 111.0 70.3 (10.4)170.9 
Total (2)
$1,391.3 $1,811.8 $(3.0)$3,200.1 $1,237.7 $1,644.4 $14.6 $2,896.7 

(1) Includes intercompany sales and eliminations.
(2)     Total sales include $1.6 billion and $1.4 billion for the nine months ended September 30, 2022 and 2021, respectively, attributable to the U.S., the Company’s country of domicile.
Revenue from External Customers by Products and Services
Product type net sales information is presented below (in millions):
 
Three Months Ended
September 30, 2022
Three Months Ended
September 30, 2021
 MPAWPCorporate and Other / EliminationsTotalMPAWPCorporate and Other / EliminationsTotal
Net sales by product type
Aerial Work Platforms$— $505.5 $0.3 $505.8 $— $413.7 $0.2 $413.9 
Materials Processing Equipment277.3 — — 277.3 245.5 — — 245.5 
Specialty Equipment179.7 — 0.3 180.0 173.1 — 0.3 173.4 
Utility Equipment— 116.7 — 116.7 — 94.0 — 94.0 
Other (1)
0.9 40.4 (0.6)40.7 0.1 64.8 2.1 67.0 
Total$457.9 $662.6 $— $1,120.5 $418.7 $572.5 $2.6 $993.8 

(1)     Includes other product types, intercompany sales and eliminations.

 
Nine Months Ended
September 30, 2022
Nine Months Ended
September 30, 2021
 MPAWPCorporate and Other / EliminationsTotalMPAWPCorporate and Other / EliminationsTotal
Net sales by product type 
Aerial Work Platforms$— $1,344.5 $1.1 $1,345.6 $— $1,218.9 $0.8 $1,219.7 
Materials Processing Equipment826.6 — 0.5 827.1 735.4 — — 735.4 
Specialty Equipment562.4 — 1.0 563.4 501.7 — 1.8 503.5 
Utility Equipment— 343.3 — 343.3 — 281.7 0.6 282.3 
Other (1)
2.3 124.0 (5.6)120.7 0.6 143.8 11.4 155.8 
Total$1,391.3 $1,811.8 $(3.0)$3,200.1 $1,237.7 $1,644.4 $14.6 $2,896.7