| Stage | TER | % of rev | TDY | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.3B | 100.00% | $1.7B | 100.00% | TDY ×1.29 |
| Gross profit | $771M | 59.06% | $739M | 43.88% | TER +15.2pp |
| Operating income | $402M | 30.78% | $347M | 20.61% | TER +10.2pp |
| Pre-tax income | $404M | 30.96% | $347M | 20.58% | TER +10.4pp |
| Net income | $348M | 26.63% | $273M | 16.19% | TER +10.4pp |
| Stage | TER | TDY | Gap · A − B |
|---|---|---|---|
| Revenue | $1.3B100.00% | $1.7B100.00% | TDY ×1.29 |
| Gross profit | 59.06%$771M | 43.88%$739M | TER +15.2pp |
| Operating income | 30.78%$402M | 20.61%$347M | TER +10.2pp |
| Pre-tax income | 30.96%$404M | 20.58%$347M | TER +10.4pp |
| Net income | 26.63%$348M | 16.19%$273M | TER +10.4pp |
None
No disclosed counterparties: TER.