| Stage | PNR | % of rev | NVT | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $976M | 100.00% | $1.5B | 100.00% | NVT ×1.55 |
| Gross profit | $395M | 40.48% | $543M | 35.84% | PNR +4.6pp |
| Operating income | $196M | 20.06% | $282M | 18.63% | PNR +1.4pp |
| Pre-tax income | $173M | 17.75% | $260M | 17.17% | PNR +0.6pp |
| Net income | $145M | 14.86% | $202M | 13.36% | PNR +1.5pp |
| Stage | PNR | NVT | Gap · A − B |
|---|---|---|---|
| Revenue | $976M100.00% | $1.5B100.00% | NVT ×1.55 |
| Gross profit | 40.48%$395M | 35.84%$543M | PNR +4.6pp |
| Operating income | 20.06%$196M | 18.63%$282M | PNR +1.4pp |
| Pre-tax income | 17.75%$173M | 17.17%$260M | PNR +0.6pp |
| Net income |
| 14.86%$145M |
| 13.36%$202M |
| PNR +1.5pp |
No disclosed counterparties: PNR, NVT.