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Our Company We provide outsourced sales, marketing, merchandising, sampling, and retailer support services to consumer packaged goods ( CPG ) manufacturers and retailers primarily across North America. Our services are designed to support distribution, retail execution, shopper engagement, and private brand development across both physical and digital commerce environments.
The business is unprofitable at the operating level (-3.57% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 0.7% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 35% versus the prior year, cash generation momentum has weakened. Net debt of $1.47B represents 26.6x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$3.59B
▼ -0.7% YoY
Net Income (TTM)
-$243M
▲ +30.3% YoY
Op. Margin
-3.00%
▲ +4.7pp YoY
ROIC
-3.77%
▲ +4.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$122M
▼ -35.4% YoY
Op. Cash Flow (TTM)
$125M
▼ -33.9% YoY
Net Debt
$1.40B
Cash & Equiv.
$144M
5Y CAGR: +2.3%
5Y CAGR: -29.4%
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