THOR Investor Day 2022
Reconciliation of Non-GAAP Measures
European Segment EBITDA
Fiscal Year Ending
($ in thousands)
July 31, 2020
Income Before Income Taxes
$
9,850
Fiscal Year Ending
July 31, 2021
116,576
TTM Ending
April 30, 2022
80,121
Add Back:
Interest Expense, Net
4,783
Depreciation and Amortization
EBITDA
$
103,671
118,304
4,555
127,432
2,744
$
248,563 $
133,160
216,025
EBITDA is a non-GAAP performance measure included to illustrate and improve comparability of the Company's results from period to period. EBITDA is defined as net income before
net interest expense, income tax expense and depreciation and amortization. The Company considers this non-GAAP measure in evaluating and managing the Company's operations
and believes that discussion of results adjusted for these items is meaningful to investors because it provides a useful analysis of ongoing underlying operating trends. The adjusted
measures are not in accordance with, nor are they a substitute for, GAAP measures, and they may not be comparable to similarly titled measures used by other companies.
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THOR Investor Day 2022
THOR
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