Titan Machinery(TITN) - 2024 Q4 - Earnings Call Transcript

Now on for some overall commentary across our segments. From a gross margin perspective, we expect equipment margins to normalize across all four of our segments as there is now ample supply of inventory available for sale on dealer lots. An additional impact on the agriculture side, as the U.S. net farm income is expected to decrease approximately 25%, which has started to impact demand for equipment purchases. As such, we expect incremental compression on equipment margins in this transitionary period. Th ...