Driver-Based P&L
Revenue is tracking just under plan, but margin compression flows straight through to a $21M EBITDA miss versus plan.
Revenue
$2.41B
-2%vs $2.46B plan
Gross margin
22.9%
vs 23.6% plan
EBITDA
$273M
vs $294M plan
P&L — plan vs actual
$M · key lines
AI narrative
Why this matters
Revenue landed ~2% under plan and margin ran ~0.7pts light, compounding to a $21M EBITDA shortfall versus plan ($273M vs $294M). The gap traces to input-cost inflation and overtime; the bridge to the $313M board target layers pricing, mix, OT and procurement on top.
P&L detail
Plan vs actual vs prior year ($M)
| Line | Plan | Actual | Prior yr |
|---|---|---|---|
| Net revenue | 2460 | 2410 | 2280 |
| Cost of goods sold | -1880 | -1860 | -1760 |
| Gross margin | 580 | 552 | 522 |
| Operating expense | -286 | -279 | -271 |
| EBITDA | 294 | 273 | 251 |
| Operating income | 206 | 187 | 169 |