| Stage | PPG | % of rev | RPM | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $4.4B | 100.00% | $2.2B | 100.00% | PPG ×1.96 |
| Gross profit | $1.8B | 40.52% | $914M | 41.25% | RPM +0.7pp |
| Operating income | $653M | 15.00% | $349M | 15.75% | RPM +0.8pp |
| Pre-tax income | $631M | 14.50% | $337M | 15.21% | RPM +0.7pp |
| Net income | $456M | 10.48% | $257M | 11.58% | RPM +1.1pp |
| Stage | PPG | RPM | Gap · A − B |
|---|---|---|---|
| Revenue | $4.4B100.00% | $2.2B100.00% | PPG ×1.96 |
| Gross profit | 40.52%$1.8B | 41.25%$914M | RPM +0.7pp |
| Operating income | 15.00%$653M | 15.75%$349M | RPM +0.8pp |
| Pre-tax income | 14.50%$631M | 15.21%$337M | RPM +0.7pp |
| Net income |
| 10.48%$456M |
| 11.58%$257M |
| RPM +1.1pp |