FRA:LW2 Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,979	1,804	1,570	1,151	520.29
Revenue Growth (YoY)	14.46%	14.88%	36.39%	121.30%	-
Cost of Revenue	1,313	1,187	1,015	757.66	389.8
Gross Profit	665.5	616.66	555.46	393.77	130.49
Selling, General & Admin	497.73	457.55	416.7	293.66	105.97
Amortization of Goodwill & Intangibles	51.22	50.77	42.91	30.68	10.4
Operating Expenses	567.38	524.44	472.66	330.88	116.37
Operating Income	98.12	92.22	82.8	62.89	14.12
Interest Expense	-57.77	-55.15	-42.77	-24.3	-16.74
Currency Exchange Gain (Loss)	-0.4	-0.4	-1.5	-0.9	-
Other Non Operating Income (Expenses)	-1.42	0.04	-1.48	0.23	-0.79
EBT Excluding Unusual Items	38.53	36.71	37.04	37.92	-3.41
Merger & Restructuring Charges	-2.8	-13.02	-15.14	-18.31	-2.65
Other Unusual Items	-5.84	-24.22	-23.91	-6.67	1.31
Pretax Income	29.89	-0.54	-2.01	12.94	-4.74
Income Tax Expense	41.1	6.8	6.96	5.53	0.31
Net Income	-11.21	-7.33	-8.97	7.41	-5.05
Net Income to Common	-11.21	-7.33	-8.97	7.41	-5.05
Shares Outstanding (Basic)	47	47	45	34	20
Shares Outstanding (Diluted)	47	47	45	35	20
Shares Change (YoY)	-1.26%	4.33%	27.88%	71.22%	-
EPS (Basic)	-0.24	-0.16	-0.20	0.22	-0.25
EPS (Diluted)	-0.25	-0.16	-0.20	0.21	-0.25
Free Cash Flow	59.73	17.41	77.61	-31.13	-3.46
Free Cash Flow Per Share	1.28	0.37	1.73	-0.89	-0.17
Gross Margin	33.63%	34.18%	35.37%	34.20%	25.08%
Operating Margin	4.96%	5.11%	5.27%	5.46%	2.71%
Profit Margin	-0.57%	-0.41%	-0.57%	0.64%	-0.97%
Free Cash Flow Margin	3.02%	0.97%	4.94%	-2.70%	-0.66%
EBITDA	174.88	163.3	143.75	106.49	32.1
EBITDA Margin	8.84%	9.05%	9.15%	9.25%	6.17%
D&A For EBITDA	76.76	71.09	60.95	43.6	17.98
EBIT	98.12	92.22	82.8	62.89	14.12
EBIT Margin	4.96%	5.11%	5.27%	5.46%	2.71%
Effective Tax Rate	137.50%	-	-	42.75%	-

Source: S&P Capital IQ. Standard template. Financial Sources.