| Stage | FUL | % of rev | EPAC | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $938M | 100.00% | $186M | 100.00% | FUL ×5.05 |
| Gross profit | $312M | 33.22% | $87M | 47.07% | EPAC +13.8pp |
| Operating income | $140M | 14.88% | $34M | 18.48% | EPAC +3.6pp |
| Pre-tax income | $101M | 10.79% | $31M | 16.76% | EPAC +6.0pp |
| Net income | $79M | 8.44% | $24M | 13.17% | EPAC +4.7pp |
| Stage | FUL | EPAC | Gap · A − B |
|---|---|---|---|
| Revenue | $938M100.00% | $186M100.00% | FUL ×5.05 |
| Gross profit | 33.22%$312M | 47.07%$87M | EPAC +13.8pp |
| Operating income | 14.88%$140M | 18.48%$34M | EPAC +3.6pp |
| Pre-tax income | 10.79%$101M | 16.76%$31M | EPAC +6.0pp |
| Net income |
| 8.44%$79M |
| 13.17%$24M |
| EPAC +4.7pp |
No disclosed counterparties: FUL, EPAC.