| Stage | PNR | % of rev | HAYW | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $976M | 100.00% | $260M | 100.00% | PNR ×3.75 |
| Gross profit | $395M | 40.48% | $125M | 47.92% | HAYW +7.4pp |
| Operating income | $196M | 20.06% | $50M | 19.30% | PNR +0.8pp |
| Pre-tax income | $173M | 17.75% | $41M | 15.82% | PNR +1.9pp |
| Net income | $145M | 14.86% | $32M | 12.46% | PNR +2.4pp |
| Stage | PNR | HAYW | Gap · A − B |
|---|---|---|---|
| Revenue | $976M100.00% | $260M100.00% | PNR ×3.75 |
| Gross profit | 40.48%$395M | 47.92%$125M | HAYW +7.4pp |
| Operating income | 20.06%$196M | 19.30%$50M | PNR +0.8pp |
| Pre-tax income | 17.75%$173M | 15.82%$41M | PNR +1.9pp |
| Net income |
| 14.86%$145M |
| 12.46%$32M |
| PNR +2.4pp |
None
No disclosed counterparties: PNR.