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Activist investor Eminence Capital, a 4.2% owner, publicly demands Graphic Packaging Holding Company reinstate its former CEO and calls for the chairman's resignation.
Ferguson Enterprises reported a 15.9% year-over-year increase in earnings per share, yet its stock fell 2.4% in premarket trading. The decline reflects broader investor anxiety over economic affordability and potential slowdowns, despite robust performance in the company's nonresidential sector.
German chemicals firm Wacker Chemie is cutting over 1,500 jobs by 2027 to save €150 million annually. The move is a direct response to sustained high energy costs and intense competition from Chinese producers, reflecting a wider crisis in European industry.
Graphic Packaging is implementing cost-cutting measures to save $60 million by 2026. However, it will incur $20 million in charges and is lowering its 2025 Adjusted EPS and EBITDA guidance, reflecting near-term operational pressures.