demand / volume
“The $5.6 million decrease was primarily due to $52.8 million attributable to lower volumes and impacts from the Soterra Divestiture, partially offset by $49.8 million positive foreign currency translation impacts.”
GEF 10-Q
Confirmed
Packaging & Home Improvement
23 names are moving together; 83% are participating in the current session.
1 observed Confirmed episode
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| VVV | Valvoline Inc. | Consumer Cyclical | -0.3% | 2/5 observed active sessions |
| MAS | Masco Corporation | Industrials | -2.1% | Group member |
| MAR | Marriott International | Consumer Cyclical | -3.5% | Group member |
| TILE | Interface, Inc. | Consumer Cyclical | -2.8% | Group member |
| HLT | Hilton Worldwide Holdings Inc. | Consumer Cyclical | -3.9% | 1/5 observed active sessions |
| NVR | NVR, Inc. | Consumer Cyclical | -0.4% | 2/5 observed active sessions |
| SMG | Scotts Miracle-Gro Company (The | Basic Materials | -2.3% | Group member |
| CCK | Crown Holdings, Inc. | Consumer Cyclical | -1.6% | 2/5 observed active sessions |
| SHW | Sherwin-Williams Company (The) | Basic Materials | -1.6% | 1/5 observed active sessions |
| AVY | Avery Dennison Corporation | Consumer Cyclical | -0.9% | 2/5 observed active sessions |
| GEF | Greif Inc. | Consumer Cyclical | -3.2% | 1/5 observed active sessions |
| OI | O-I Glass, Inc. | Consumer Cyclical | -0.9% | Group member |
| HD | Home Depot, Inc. (The) | Consumer Cyclical | -1.8% | Group member |
| H | Hyatt Hotels Corporation | Consumer Cyclical | -3.3% | 1/5 observed active sessions |
| SKY | Champion Homes, Inc. | Consumer Cyclical | -1.4% | 1/5 observed active sessions |
| SON | Sonoco Products Company | Consumer Cyclical | -4.0% | 2/5 observed active sessions |
| TOL | Toll Brothers, Inc. | Consumer Cyclical | -0.8% | Group member |
| ECL | Ecolab Inc. | Basic Materials | -0.9% | Group member |
| SITE | SiteOne Landscape Supply, Inc. | Industrials | -1.4% | 2/5 observed active sessions |
| LOW | Lowe's Companies, Inc. | Consumer Cyclical | -1.8% | 1/5 observed active sessions |
| OTIS | Otis Worldwide Corporation | Industrials | +0.6% | 1/5 observed active sessions |
| SLGN | Silgan Holdings Inc. | Consumer Cyclical | -0.0% | 1/5 observed active sessions |
| IHG | Intercontinental Hotels Group | Consumer Cyclical | -1.7% | Group member |
Why we believe this
Cohort
23 namesParticipation
83% this sessionObserved history
6 daily buildsFiling coverage
22/23 membersdemand / volume affecting revenue
“The increase in average number of days sales outstanding was primarily due to the impact of customer destocking, timing of collections and impact of foreign currency translation.”
AVY 10-Q
credit / rates affecting interest expense
“The decrease of net income was primarily due to higher SG&A expenses, partially offset by lower interest expense and lower tax expense.”
GEF 10-Q
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
PKG
SONcustomer · Not moving with the group now
Filing receipt · PKG / SON
“Segment net sales increased $775.9 million over the corresponding prior year quarter primarily as a result of $758.2 million of net sales, including the impact of foreig…”
SON · customer
CENTA
HDcustomer · Not moving with the group now
Filing receipt · CENTA / HD
“Home Depot, our second largest customer, represented approximately 16% of total net sales in fiscal 2025 and 17% in fiscal 2024.”
HD · customer
FBIN
HDcustomer · Not moving with the group now
Filing receipt · FBIN / HD
“Approximately 16% of 2025 net sales were to international markets, and sales to two of the Company’s customers, Lowe’s Companies, Inc.”
HD · customer
GPK
GEFsupplier · Not moving with the group now
Filing receipt · GPK / GEF
“In January 2023, the Company completed the acquisition of Tama Paperboard, LLC ("Tama"), a recycled paperboard manufacturing facility located in Tama, Iowa, from Greif P…”
GEF · supplier
GFF
HDcustomer · Not moving with the group now
Filing receipt · GFF / HD
“In 2025, Home Depot represented 10% of Griffon’s consolidated revenue, 9% of HBP's revenue and 12% of CPP's revenue.”
HD · customer
History
2026-07-07 → 2026-07-135 observed active sessions · 0% of active names held across the episode