IBM: an Inverted
Business Model?

Software growth improves
Can it compete in AI/Cloud?

PCA Packaging
volume picks up

Double-digit price increases.
Integrating Greif business,

Packaging Corp (inc.Boise) the US #3 packaging & papermaker reported improved results in Q3'26. Complacent ceo Mark Kowzlan commented '“We achieved an all-time quarterly record in total corrugated shipments in our legacy corrugated operations".. Full analysis here, first.... from 1600ET

P&G: Pressure on!
Growth  s t a l l s

Volumes and Prices flatten
in hygiene & healthcare

Procter & Gamble, the giant $87Bn in sales home & business care brand maker, reported slower Q1'27 results with volumes and prices flat. New CEO Shailesh Jerjurikar complacently commented "We believe the best path to balanced growth is to double down on our strategy"? Full report analysis here, first from 1100ET tomorrow 

Will Stutz  s t a l l
MillerKnoll growth?

Long serving CFO expected
to prioritize cost reductions?

Miller Knoll the recently relegated #2 US furnituremaker has confirmed that long serving CFO Jeff Stutz has been appointed CEO. The chairman said "He's the right leader to focus on accelerating sales, improving profitability and creating value for our shareholders" No mention of workspace innovation to drive future growth? Full report analysis here, first...

H y g i e n e  supply
leaders less healthy

Volumes in decline. Prices up!
Who's winning market share?

Hygiene, Foodservice & Packaging (HyPac) is the #1 business supply category alongside tech. Progressive business suppliers have pivoted into HyPac services. Proficiency Index Q3'26 reports analysis to date: CEO's seem complacent, lacking transparency by not splitting lower volumes from higher prices; denying soft consumer demand v WallSt AI Bubble euphoria? Full analysis here, first: 3M, Bunzl,K-C and Motion

Kyocera resumes
MPS acq'n action

Brand printermakers to follow

example to lift flagging sales?

Japanese printermaker Kyocera has acquired a Canadian MPS provider. We've checked the recent history of the Top 7 global brand manufacturers and believe this is the first acquisition of a channel player, resuming a popular tend in the 2010-2020 era? Will it spur the others in a declining market? Full story here, first....

Motion's modest 
volume growth 

Plans afoot to split NAPA
Auto from Industrial supply

Genuine Parts (GPC) the $24Bn+ parent of NAPA auto care & Motion industrial supplies, reported improved but slow organic growth performance in Q3'26. CEOWill Stengel commented "our performance demonstrates the strength of our market leading businesses". But, gains were modest and primarily price increases?  Report analysis here, first....

MMM's mundane 
marginal gains?

Can it reset growth culture?
Beset by $Bn+ PFAS claims

3M the once mighty innovation machine's reported flat volumes in Q3'26. Demand in safety, industrial was positive but transport, consumer & office was down. Complacent CEO Bill Brown claimed "We delivered solid sales growth, continued margin expansionh". No real evidence yet after 2 poor years? Full analysis here, first...

Bunzl's baffling
growth strategy?

Tiny acquis'ns activity. Flat 
volume lifted by price rises 

Bunzl, the $15Bn international business supplies distributor reported disappointing results for Q3'26. Real volume trends are flat especially in US/EU markets. CEO Frank van Zanten in Q2 commented complacently  "Good underlying growth in volume and management of inflation". Really? Full analysis here, first...

Lindenmeyr lands
Midwest paper co.

Mighty CNG on acquisition
trail after 4yrs of inactivity

Central National Gottesman Inc. (CNG), the $11Bn distributor of paper and packaging announced its Lindenmeyr Munroe merchanting arm will acquire a Nebraska-based paper and hygiene supplies reseller. President Peter Harding said "It supports our strategy of expanding in established markets". Full story here, first....