Industrial Market

FY 2025

Expected moderate growth driven by global inventory replenishment for military applications and, to a lesser extent, for bulk container and organizational products. "

No guidance provided [N/A]

no current guidance

Infrastructure Market

FY 2025

Anticipated strong project spending supported by material conversion from wood matting, which should continue to support strong growth. "

No guidance provided [N/A]

no current guidance

Vehicle Market

FY 2025

Expected decline due to economic uncertainty driven by developing tariff impacts, including RV and marine sectors affected by high interest rates and tariff uncertainties. " "

No guidance provided [N/A]

no current guidance

Consumer Market

FY 2025

Stable sales of fuel containers and an expected return to a more normalized storm season. "

No guidance provided [N/A]

no current guidance

Food & Beverage Market

FY 2025

Projected stability, including the Agriculture sector. "

No guidance provided [N/A]

no current guidance

Automotive Aftermarket Distribution

FY 2025

Expected slight decline, with efforts to stabilize the business through improved cost structure, sales territory alignment, and digital sales strategy. "

No guidance provided [N/A]

no current guidance

Proactive Tariff Mitigation and Supply Chain Management

Q1 2025: Detailed discussion on proactive steps (pricing strategies, inventory buildup, alternative suppliers) amid tariff uncertainty. " " " " " Q4 2024: Emphasis on pulling inventory and proactive measures to mitigate tariffs. " " "

Not mentioned "

Focus has receded in Q2 2025, suggesting a potential strategic de‐emphasis or shift away from this topic.

Signature Business Growth and Integration Synergies

Q1 2025: Positive impact with increased net sales and synergy achievements. " " " Q4 2024: Highlighted strong growth (over 50% increase for Signature, record MegaDeck year). " Q3 2024: Noted as a key driver with significant synergies and margins improvements. " " " "

Not mentioned "

Previously a core growth driver, it is now absent in Q2 2025 discussions, indicating a reduced focus this period.

Distribution Business Performance and Turnaround Initiatives

Q1 2025: Cited declining sales with challenges in automotive aftermarket and outlined turnaround initiatives. " " " Q4 2024: Addressed steep revenue declines, integration mistakes, and strong turnaround actions. " " " Q3 2024: Mixed results with continued declines but noted initiatives and leadership changes. " " " " "

Detailed discussion on revenue declines, cost management and a mix of positive operational improvements "

A persistent and challenged segment; sentiment remains mixed with cautious optimism on turnaround efforts.

Cost‐Saving Initiatives and Portfolio Optimization

Q1 2025: Outlined cost targets (annualized $20 million savings) and portfolio adjustments. " " Q4 2024: Focused on restructuring measures and e-commerce enhancements with cost savings targets. " " " Q3 2024: Detailed additional cost-cutting tranches and portfolio focus on high-growth power brands. " " " " " "

Not mentioned "

A key initiative previously discussed is missing in Q2 2025, suggesting a temporary lull or shift in emphasis.

Macroeconomic Uncertainty and End‐Market Recovery Concerns

Q1 2025: Discussed tariff uncertainty, inflation, and their impact on RV/marine and automotive sectors. " " " Q4 2024: Addressed overall uncertainty affecting RV/marine and noted mixed market signals. " " " Q3 2024: Highlighted demand headwinds across RV, marine, food & beverage, and other sectors. " " "

Not mentioned "

Previously noted macroeconomic headwinds are not mentioned in Q2 2025, which could signal either an easing or a change in focus.

Material Handling Pricing Strategy and Customer Relationships

Q1 2025: Emphasized strategic pricing actions in key areas (Akro-Mils, Buckhorn) and the value of long-term customer relationships. " Q3 2024: Broader Material Handling discussion with limited focus on pricing details. " " " Q4 2024: No specific discussion noted.

Explicitly stated as “no longer emphasized” "

There has been a clear de‐emphasis in Q2 2025 compared to earlier periods, indicating a deliberate strategic shift.

Free Cash Flow and Liquidity Concerns

Q1 2025: Addressed lower free cash flow due to timing issues and inventory purchases, with strong liquidity reported. " " Q4 2024: Reported robust free cash flow generation and debt reduction, highlighting ample liquidity. " Q3 2024: Noted seasonal timing and receivable challenges affecting free cash flow, with stable cash on hand. "

Not mentioned "

Earlier liquidity concerns appear resolved; thus, the topic is omitted in Q2 2025, reinforcing a positive financial outlook.

Buckhorn Segment Underperformance

Q4 2024: Raised concerns about cyclical underperformance in Buckhorn due to seed box declines and market challenges. " " Q1 2025 & Q3 2024: No specific emerging issues noted.

Not mentioned "

An emerging concern noted in Q4 2024 is not raised in Q2 2025, leaving its future impact ambiguous.

Military Sales and Power Brand Expansion

Q1 2025: Highlighted strong military applications driving growth, particularly in the Scepter business. " " " Q4 2024: Noted significant growth in Scepter sales and military ammunition packaging. " " Q3 2024: Discussed rapid military sales growth and expectations for continued expansion. " " " "

Not mentioned "

While previously a new focus with high-growth potential, this topic is absent in Q2 2025, possibly indicating a temporary pause.

Persistent Market Headwinds in Key Sectors

Q1 2025: Discussed challenges in Food & Beverage and Automotive Aftermarket with subdued demand. " " Q4 2024: Detailed declines in seed box volume and distribution challenges, with significant market pressure. " " " Q3 2024: Reiterated headwinds across Food & Beverage and Automotive segments along with cost pressures. " " " "

Not mentioned "

Previously persistent headwinds are not mentioned in Q2 2025, which might suggest an improvement or a strategic re-prioritization.