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Operating Income by Segment
Shows each segment’s profit after operating expenses, revealing which parts of the company actually generate operating earnings and which require subsidies or restructuring. Helps assess operational efficiency, the payoff from investments, and which segments are likely to drive overall profitability or need management attention.America’s lift‑truck business drove the 2023–early‑2024 rebound but has become volatile as mix shifts to lower‑priced trucks and tariff headwinds squeeze margins; EMEA and JAPIC swung from recovery into steep losses in 2024–2025, highlighting regional tariff and demand sensitivity. The elimination of Nuvera’s drag (operating results go to zero) suggests a realignment that materially de‑risks the consolidated P&L. Management’s improving bookings and new modular products point to a back‑loaded recovery, but tariff timing and shipment lags mean H1 pain before the H2 profit inflection they forecast.
Date | Eliminations | Lift Truck, Americas | Lift Truck, EMEA | Lift Truck, JAPIC | Bolzoni | Nuvera |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $100.00K | $3.60M | -$18.40M | -$5.70M | $2.00M | $0.00 |
Mar 31, 2026 | $0.00 | -$1.70M | -$19.10M | -$7.10M | -$100.00K | $0.00 |
Dec 31, 2025 | $1.10M | -$7.00M | -$19.40M | -$7.10M | -$4.80M | $0.00 |
Sep 30, 2025 | $200.00K | $21.10M | -$16.90M | -$4.20M | $2.10M | $0.00 |
Jun 30, 2025 | $0.00 | $11.70M | -$15.00M | -$7.60M | $2.40M | $0.00 |
Mar 31, 2025 | $400.00K | $52.40M | -$14.90M | -$7.30M | $600.00K | -$9.90M |
Dec 31, 2024 | -$300.00K | $71.80M | -$11.80M | -$14.70M | -$4.40M | -$8.30M |
Sep 30, 2024 | -$300.00K | $52.70M | -$9.60M | -$4.10M | $6.20M | -$11.80M |
Jun 30, 2024 | $0.00 | $104.00M | $4.80M | -$5.70M | $4.00M | -$11.50M |
Mar 31, 2024 | $600.00K | $89.60M | $5.20M | -$5.50M | $3.30M | -$9.40M |