| Stage | AIR | % of rev | DLR | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $918M | 100.00% | $1.9B | 100.00% | DLR ×2.10 |
| Gross profit | $176M | 19.20% | $1.9B | 100.00% | DLR +80.8pp |
| Operating income | $69M | 7.55% | $467M | 24.28% | DLR +16.7pp |
| Pre-tax income | $55M | 6.03% | $491M | 25.53% | DLR +19.5pp |
| Net income | $40M | 4.37% | $458M | 23.78% | DLR +19.4pp |
| Stage | AIR | DLR | Gap · A − B |
|---|---|---|---|
| Revenue | $918M100.00% | $1.9B100.00% | DLR ×2.10 |
| Gross profit | 19.20%$176M | 100.00%$1.9B | DLR +80.8pp |
| Operating income | 7.55%$69M | 24.28%$467M | DLR +16.7pp |
| Pre-tax income | 6.03%$55M | 25.53%$491M | DLR +19.5pp |
| Net income |
| 4.37%$40M |
| 23.78%$458M |
| DLR +19.4pp |
No disclosed counterparties: DLR.
None