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	HISTORICAL FINANCIALS
	All amounts in USD millions | 3-Year Historical | Source: Placeholder data
		FY 2023	FY 2024	FY 2025
	Income Statement
	Revenue	1,275	1,380	1,500
	COGS	(803)	(862)	(930)
	Gross Profit	472	518	570
	Gross Margin	37.0%	37.5%	38.0%
	SG&A	(159)	(169)	(180)
	R&D	(38)	(41)	(45)
	D&A	(70)	(75)	(80)
	EBITDA	205	233	265
	EBITDA Margin	16.1%	16.9%	17.7%
	EBIT	135	158	185
	Interest Expense	(30)	(28)	(28)
	Net Income	79	98	118
	Balance Sheet (Selected Items)
	Cash & Equivalents	95	110	120
	Accounts Receivable	155	168	185
	Inventory	135	145	155
	Other Current Assets	26	28	30
	Total Current Assets	411	451	490
	PP&E (Net)	780	810	850
	Total Assets	1,491	1,561	1,640
	Accounts Payable	88	95	102
	Other Current Liabilities	38	41	45
	Total Current Liabilities	126	136	147
	Total Debt	550	520	500
	Total Equity	715	795	893
	Cash Flow Summary
	Operating Cash Flow	165	190	215
	Capital Expenditures	(82)	(88)	(95)
	Free Cash Flow	83	102	120
	FCF Margin	6.5%	7.4%	8.0%
	FCF Yield	4.6%	5.2%	5.5%
	Key Ratios
	Revenue Growth (YoY)	N/A	8.2%	8.7%
	Gross Margin	37.0%	37.5%	38.0%
	EBITDA Margin	16.1%	16.9%	17.7%
	Net Margin	6.2%	7.1%	7.9%
	Debt / EBITDA	2.7x	2.2x	1.9x
	Note: Historical data is sample/placeholder. Replace with actual audited financials.