| Stage | OIS | % of rev | MTW | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $170M | 100.00% | $595M | 100.00% | MTW ×3.50 |
| Gross profit | $40M | 23.38% | $123M | 20.69% | OIS +2.7pp |
| Operating income | $6M | 3.73% | $31M | 5.23% | MTW +1.5pp |
| Pre-tax income | $5M | 3.09% | $21M | 3.60% | MTW +0.5pp |
| Net income | $3M | 1.84% | $14M | 2.39% | MTW +0.6pp |
| Stage | OIS | MTW | Gap · A − B |
|---|---|---|---|
| Revenue | $170M100.00% | $595M100.00% | MTW ×3.50 |
| Gross profit | 23.38%$40M | 20.69%$123M | OIS +2.7pp |
| Operating income | 3.73%$6M | 5.23%$31M | MTW +1.5pp |
| Pre-tax income | 3.09%$5M | 3.60%$21M | MTW +0.5pp |
| Net income |
| 1.84%$3M |
| 2.39%$14M |
| MTW +0.6pp |
No disclosed counterparties: OIS, MTW.