Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Lift truck business | 3,359.6 | 2,897.4 | 2,672.9 | 3,124.2 | 2,998.4 | 2,723.8 | 2,460.9 | 2,575.6 |
| Bolzoni | 355.7 | 347.8 | 283.7 | 345.4 | 349.0 | 312.5 | 115.6 | |
| Nuvera | 3.4 | 0.7 | 3.9 | 10.1 | 17.0 | 3.7 | 2.5 | 2.5 |
| Total revenues | 3,548.3 | 3,075.7 | 2,812.1 | 3,291.8 | 3,179.1 | 2,885.2 | 2,569.7 | 2,578.1 |
| Revenue growth [+] | 15.4% | 9.4% | -14.6% | 3.5% | 10.2% | 12.3% | -0.3% | -6.8% |
| Lift truck business | 16.0% | 8.4% | -14.4% | 4.2% | 10.1% | 10.7% | -4.5% | -6.9% |
| Bolzoni | 2.3% | 22.6% | -17.9% | -1.0% | 11.7% | 170.3% | | |
| Nuvera | 385.7% | -82.1% | -61.4% | -40.6% | 359.5% | 48.0% | 0.0% | |
| Cost of goods sold | 3,114.4 | 2,712.3 | 2,346.7 | 2,750.0 | 2,682.1 | 2,382.6 | 2,142.2 | 2,147.3 |
| Gross profit | 433.9 | 363.4 | 465.4 | 541.8 | 497.0 | 502.6 | 427.5 | 430.8 |
| Gross margin | 12.2% | 11.8% | 16.5% | 16.5% | 15.6% | 17.4% | 16.6% | 16.7% |
| Selling, general and administrative | 473.0 | 450.1 | 415.5 | 487.9 | 458.2 | 428.5 | 394.6 | 327.3 |
| Equity in earnings | 11.0 | 11.7 | 6.6 | 9.3 | 10.0 | 28.0 | 7.1 | 6.1 |
| EBITDA [+] | 15.3 | -28.8 | 99.4 | 106.5 | 92.8 | 144.9 | 79.1 | 138.5 |
| EBITDA growth | -153.1% | -129.0% | -6.7% | 14.8% | -36.0% | 83.2% | -42.9% | -10.7% |
| EBITDA margin | 0.4% | -0.9% | 3.5% | 3.2% | 2.9% | 5.0% | 3.1% | 5.4% |
| Depreciation and amortization | 43.4 | 46.2 | 42.9 | 43.3 | 44.0 | 42.8 | 39.1 | 28.9 |
| EBIT [+] | -28.1 | -75.0 | 56.5 | 63.2 | 48.8 | 102.1 | 40.0 | 109.6 |
| EBIT growth | -62.5% | -232.7% | -10.6% | 29.5% | -52.2% | 155.3% | -63.5% | -12.6% |
| EBIT margin | -0.8% | -2.4% | 2.0% | 1.9% | 1.5% | 3.5% | 1.6% | 4.3% |
| Non-recurring items | | 65.6 | | | | | | |
| Interest expense, net [+] | 28.4 | 15.5 | 12.4 | 18.5 | 13.6 | 11.0 | 4.7 | 3.2 |
| Interest expense | 28.4 | 15.5 | 13.7 | 19.8 | 16.0 | 14.6 | 6.7 | 4.7 |
| Interest income | | | 1.3 | 1.3 | 2.4 | 3.6 | 2.0 | 1.5 |
| Other income (expense), net [+] | -5.9 | 1.2 | -1.9 | 3.2 | 1.4 | 2.7 | 3.0 | -1.9 |
| Other | -5.9 | 1.2 | -0.6 | 4.5 | 3.8 | 6.3 | 5.0 | -0.4 |
| Pre-tax income | -62.4 | -154.9 | 42.2 | 47.9 | 36.6 | 93.8 | 38.3 | 104.5 |
| Income taxes | 9.2 | 28.3 | 3.7 | 11.3 | 2.3 | 44.9 | -4.0 | 29.4 |
| Tax rate | | | 8.8% | 23.6% | 6.3% | 47.9% | | 28.1% |
| Minority interest | | | | 0.8 | -0.4 | 0.3 | -0.5 | 0.4 |
| Net income | -71.6 | -183.2 | 38.5 | 35.8 | 34.7 | 48.6 | 42.8 | 74.7 |
| Net margin | -2.0% | -6.0% | 1.4% | 1.1% | 1.1% | 1.7% | 1.7% | 2.9% |
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| Basic EPS [+] | ($4.24) | ($10.89) | $2.30 | $2.15 | $2.10 | $2.95 | $2.61 | $4.58 |
| Growth | -61.1% | -574.6% | 6.7% | 2.5% | -29.0% | 13.1% | -42.9% | -30.7% |
| Diluted EPS [+] | ($4.24) | ($10.89) | $2.29 | $2.14 | $2.09 | $2.94 | $2.61 | $4.57 |
| Growth | -61.1% | -575.3% | 7.1% | 2.4% | -29.0% | 13.0% | -43.0% | -30.6% |
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| Dividends per share [+] | $1.29 | $1.29 | $1.27 | $1.26 | $1.23 | $1.20 | $1.17 | $1.13 |
| Growth | 0.4% | 1.2% | 0.6% | 2.4% | 2.5% | 2.8% | 3.5% | 5.1% |
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| Shares outstanding (basic) [+] | 16.9 | 16.8 | 16.8 | 16.6 | 16.5 | 16.4 | 16.4 | 16.3 |
| Growth | 0.5% | 0.3% | 0.8% | 0.6% | 0.6% | 0.4% | 0.4% | -1.8% |
| Shares outstanding (diluted) [+] | 16.9 | 16.8 | 16.8 | 16.7 | 16.6 | 16.5 | 16.4 | 16.4 |
| Growth | 0.5% | 0.1% | 0.4% | 0.7% | 0.5% | 0.5% | 0.4% | -1.9% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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