| Stage | AIT | % of rev | WFRD | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $1.1B | 100.00% | AIT ×1.13 |
| Gross profit | $392M | 30.38% | $374M | 32.72% | WFRD +2.3pp |
| Operating income | $144M | 11.12% | $153M | 13.39% | WFRD +2.3pp |
| Pre-tax income | $141M | 10.92% | $129M | 11.29% | WFRD +0.4pp |
| Net income | $110M | 8.55% | $125M | 10.94% | WFRD +2.4pp |
| Stage | AIT | WFRD | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $1.1B100.00% | AIT ×1.13 |
| Gross profit | 30.38%$392M | 32.72%$374M | WFRD +2.3pp |
| Operating income | 11.12%$144M | 13.39%$153M | WFRD +2.3pp |
| Pre-tax income | 10.92%$141M | 11.29%$129M | WFRD +0.4pp |
| Net income |
| 8.55%$110M |
| 10.94%$125M |
| WFRD +2.4pp |
No disclosed counterparties: AIT, WFRD.