As the companies start to report 2024Q4 results, AKAnomics Inc is tracking 130 US Industrials/Materials/Consumer Discretionary companies. Within that group, we see a skew towards revenue misses (see blog), and previously commented on slowing pricing in Chemicals and Transportation (see blog).
For Paper & Packaging sector (13 names within our tracking list), we are noting a large dispersion in revenue growth estimates, and a somewhat tighter band in revenue surprise. The quarter is characterized by a small average positive change in revenue growth of ~0.5%, driven by M&A.

Barring an outlier, we generally see the negative changes in volume growth offsetting pricing growth for the sector.

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