- Details
- 9 May 23
- Updated: 11 May 23
Aramark arriving
back to normal?
Uniforms set for spin off?
Facilities services rebound
Aramark the $16Bn business services provider in Food, FM & uniforms reported a powerhouse recovery from depressed revenues during the Covid lockdown. CEO John Zillmer's plans to "elevate the hospitality culture" and transform customer orientation are underway.
- Details
- 9 May 23
- Updated: 9 May 23
Veritiv's volume
crashes by 30%
Packaging demand weaker.
Advent-Imperial takeover?
Veritiv, the leading US paper & packaging wholesaler, terminal tailspin accelerated saved by high price inflation. CEO Sal Abbate has driven a new packaging strategy, but demand weakened markedly in Q1'23. . The 3yr 8X rise in market cap supports ongoing takeover speculation. Who's interested ...the saga continues?
- Details
- 9 May 23
- Updated: 11 May 23
Sylvamo sink saved
by huge price hikes
Management diverts attn
away from falling volumes
Top international packaging maker International Paper, spun off its papermaking unit in Oct'21, now renamed Sylvamo. New ceoJean-Michel Ribiéras' opaque report distracted from sinking volumes, by priding itself on "outstanding" price inflated sales and profits,
- Details
- 9 May 23
- Updated: 9 May 23
Brother prints
higher prices
Domino, sewing machines
& Network sales strong
Brother International the $6Bn document services & printermaker, reported an inflationary price fueled recovery in Full Year Report ended 31 Mar'23. CEO Tosh Kolke commented on the recovery from supply constraints and declining US and European markets
- Details
- 8 May 23
- Updated: 9 May 23
HON-Allsteel: Biz
demand slowdown
Demand down 40% v 2019
Complacent commentary
HNI (HON + AllSteel) the $2.7Bn US furnituremaker, reported a reversal in demand recovery in office markets in Q1'23. CEO Jeff Lorenger commented complacently given the slow return to corporate offices, hurting contract demand; and added details of the Kimball acquisition
- Details
- 8 May 23
- Updated: 9 May 23
BradyIFS bounces
back with acq #18
Chases Imperial and Envoy
in US hygiene roll up race
The rapid rollup of the hygiene & packaging market has slowsd down this year. Advent's Imperial Dade has made 5 acquisitions; FEMSA's Envoy 6 and stalled, whilst it considers sale options; now BradyIFS only its second this year. CEO Ken Sweder just announced acq #18 in Florida expanding further beyond $1.3Bn+ sales
- Details
- 8 May 23
- Updated: 11 May 23
Energizer losing
big battery power
Double-digit volume drop
offset by hi-price inflation
Energizer the personal care & battery supplier to businesses, lost major market share in Q2'23 after a strong recovery during the WFH/Hybrid slowdown It also performed poorly in autocare with large volume falls offset partly by high price increases.
- Details
- 8 May 23
- Updated: 12 May 23
Ricoh resurgent
rhetoric runs dry
MPS plunge induced by
hybrid work, price abated
Ricoh, a leading printer brand maker, is planning its future under the 'Resurgent' tag. Given sliding demand in its core printer sales, can it truly transform itself into a digital managed services powerhouse? Higher prices offset its sales volume decline
- Details
- 5 May 23
- Updated: 5 May 23
Printermkrs' pricing
offset lower volume
Canon, Epson, Kyo, Ricoh,
Konica & Brother analyses
The big 6 Japanese printermakers expect to report similar volume falls offset by plunging volumes in Q1'23 from pre Covid norm in Q1'20. So how can these major brands reinvent themselves? We analyse results and comment on plans. Updated for Canon, Epson, Konica results analysis today. Next week Brother, Ricoh & Kyocera.
- Details
- 4 May 23
- Updated: 11 May 23
Mondi's massive
margin price hikes
Packaging+Paper inflation
offset lower sales volumes
Mondi Group, the €9Bn in sales international paper & packaging maker reported inflated packaging and paper sales boosted by high price hikes in Q1'23. ceo Andrew King commented on its innovative, sustainable activity whilst playing down the volume decline and inflationary effect on doubling profits
