Annual Budget
budgeted income statement · whole dollarsFYDivision
read-only — sum of 5 divisions
Consolidated plan · FY2026On plan
Revenue
$84M
Gross profit
$20.1M
23.9%
Operating profit
$6.7M
8.0%
Net income (pre-tax)
$6.14M
7.3%
Overhead % of sales
16.0%
M&S / Labor
0.78
dual-rate split
Income statement by division
Net profit goal $7M · −$860,000 vs plan| Income statement | IC&E | Specialist | Scaffolding | Mechanical | FME | Consolidated |
|---|---|---|---|---|---|---|
| Revenue | $11,000,000 | $14,000,000 | $18,000,000 | $34,000,000 | $7,000,000 | $84,000,000 |
| Materials | $4,800,000 | $4,200,000 | $2,400,000 | $9,000,000 | $1,200,000 | $21,600,000 |
| Subcontracts | $2,200,000 | $900,000 | $600,000 | $1,500,000 | $400,000 | $5,600,000 |
| Labor (fully burdened) | $2,400,000 | $5,200,000 | $9,500,000 | $14,000,000 | $3,600,000 | $34,700,000 |
| Other direct costs | $200,000 | $300,000 | $500,000 | $800,000 | $200,000 | $2,000,000 |
| Total direct cost | $9,600,000 | $10,600,000 | $13,000,000 | $25,300,000 | $5,400,000 | $63,900,000 |
| Gross profit | $1,400,000 | $3,400,000 | $5,000,000 | $8,700,000 | $1,600,000 | $20,100,000 |
| Gross margin | 12.7% | 24.3% | 27.8% | 25.6% | 22.9% | 23.9% |
| Overhead (indirect / SG&A) | $1,500,000 | $2,100,000 | $3,400,000 | $5,200,000 | $1,200,000 | $13,400,000 |
| Operating profit | ($100,000) | $1,300,000 | $1,600,000 | $3,500,000 | $400,000 | $6,700,000 |
| Operating margin | -0.9% | 9.3% | 8.9% | 10.3% | 5.7% | 8.0% |
| Interest & other expense, net | $60,000 | $90,000 | $120,000 | $250,000 | $40,000 | $560,000 |
| Net income before taxes | ($160,000) | $1,210,000 | $1,480,000 | $3,250,000 | $360,000 | $6,140,000 |
| Net margin | -1.5% | 8.6% | 8.2% | 9.6% | 5.1% | 7.3% |
| Target net profit (goal) | $800,000 | $1,200,000 | $1,500,000 | $3,000,000 | $500,000 | $7,000,000 |
| Variance to goal | ($960,000) | $10,000 | ($20,000) | $250,000 | ($140,000) | ($860,000) |