No disclosed counterparties: WOR, ROCK.
| Stage | WOR | % of rev | ROCK | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $344M | 100.00% | $510M | 100.00% | ROCK ×1.48 |
| Gross profit | $91M | 26.43% | $132M | 25.92% | WOR +0.5pp |
| Operating income | $13M | 3.79% | $60M | 11.74% | ROCK +8.0pp |
| Pre-tax income | $56M | 16.17% | $38M | 7.45% | WOR +8.7pp |
| Net income | $43M | 12.38% | $8M | 1.61% | WOR +10.8pp |
| Stage | WOR | ROCK | Gap · A − B |
|---|---|---|---|
| Revenue | $344M100.00% | $510M100.00% | ROCK ×1.48 |
| Gross profit | 26.43%$91M | 25.92%$132M | WOR +0.5pp |
| Operating income | 3.79%$13M | 11.74%$60M | ROCK +8.0pp |
| Pre-tax income | 16.17%$56M | 7.45%$38M | WOR +8.7pp |
| Net income | 12.38%$43M | 1.61%$8M | WOR +10.8pp |