Titan Machinery(TITN) - 2024 Q2 - Earnings Call Presentation

Six Months Revenue Analysis 11 Balance Sheet Highlights ▪ $596 Million Outstanding Floorplan Payables on$781 Million Floorplan Lines of Credit Q4 FY22 Q2 FY24 3.5 FY2024 Outlook Segment Revenue 15 16 (1)Absorption is calculated in a given period by dividing our gross profit from sales of parts, service and rental fleet activity by our operating expenses, less commission expense on equipment sales, plus $5.7 million gain on the MT/WY divestiture in FY22 and$1.4 million gain on the ND divestiture in FY23, i ...