No disclosed counterparties: MIDD, ALH.
| Stage | MIDD | % of rev | ALH | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $876M | 100.00% | $477M | 100.00% | MIDD ×1.84 |
| Gross profit | $335M | 38.27% | $190M | 39.83% | ALH +1.6pp |
| Operating income | $148M | 16.87% | $106M | 22.16% | ALH +5.3pp |
| Pre-tax income | $126M | 14.43% | $88M | 18.42% | ALH +4.0pp |
| Net income | $55M | 6.26% | $69M | 14.40% | ALH +8.1pp |
| Stage | MIDD | ALH | Gap · A − B |
|---|---|---|---|
| Revenue | $876M100.00% | $477M100.00% | MIDD ×1.84 |
| Gross profit | 38.27%$335M | 39.83%$190M | ALH +1.6pp |
| Operating income | 16.87%$148M | 22.16%$106M | ALH +5.3pp |
| Pre-tax income | 14.43%$126M | 18.42%$88M | ALH +4.0pp |
| Net income |
| 6.26%$55M |
| 14.40%$69M |
| ALH +8.1pp |