Some information on companies reporting to today

Alright after a big of digging, sharing some info thats hopefully helpful. These correlations are computed from 3 months of daily returns between the reporting company and its SEC-disclosed relationships (suppliers, customers, competitors, partners). | Reporting Ticker | Company | MCap | Time | Related Ticker | Relationship | 3m Correlation | |:---:|:---|:---:|:---:|:---:|:---|:---:| | \*\*SON\*\* | Sonoco Products | $5.1B | AMC | CCK | Competitor (packaging) | \*\*0.59\*\* | | \*\*SON\*\* | Sonoco Products | $5.1B | AMC | AMCR | Competitor (packaging) | -0.05 | | \*\*TNC\*\* | Tennant Co | $1.5B | -- | GGG | Supplier | \*\*0.78\*\* | | \*\*TNC\*\* | Tennant Co | $1.5B | -- | PNR | Supplier | \*\*0.52\*\* | | \*\*TNC\*\* | Tennant Co | $1.5B | -- | GM | Supplier | \*\*0.46\*\* | | \*\*TNC\*\* | Tennant Co | $1.5B | -- | RR | Competitor | 0.18 | | \*\*TNC\*\* | Tennant Co | $1.5B | -- | ZONE | Competitor | 0.12 | | \*\*AHH\*\* | Armada Hoffler Properties | $708M | AMC | TROW | Customer (HQ tenant) | 0.22 | | \*\*AHH\*\* | Armada Hoffler Properties | $708M | AMC | AAUC | Customer | -0.04 | \*\*How to read this:\*\* A 0.78 correlation between TNC and GGG means their daily returns moved together 78% of the time over 3 months. If TNC reports a surprise, GGG could move in sympathy. Some Interesting Findings \### Board-Supplier Interlock: TNC and GGG \*\*Mark W. Sheahan\*\* sits on both the Tennant Co (TNC) board and the Graco (GGG) board. GGG is also a supplier to TNC, and they have a \*\*0.78 price correlation\*\*. If TNC earnings reveal anything about industrial demand, GGG is directly exposed both operationally and at the governance level. \### RHLD: $1.6B Market Cap, 7 Employees Resolute Holdings (RHLD) has a Sloan ratio of -1,697 (pretty extreme!). The company has only 7 employees managing a $1.6B market cap. Three board members have cross-board exposure: \- Roger Fradin also on VRT (Vertiv) and JBI \- Jane J. Thompson also on NAVI (Navient) \- Joseph J. DeAngelo also on VRT (Vertiv) \### AHH: T. Rowe Price HQ Is Their Tenant Armada Hoffler (AHH) is building T. Rowe Price's (TROW) global headquarters at Harbor Point in Baltimore a 553,000 sq ft office with 20,200 sq ft retail. AHH reports AMC Monday. Any update on construction/leasing directly impacts both companies \### SON: Packaging Sector Read-Through Sonoco (SON) competes directly with Crown Holdings (CCK) at 0.59 correlation and Amcor (AMCR). Also has a relationship with Toppan Holdings (private, Japanese packaging giant) who bought SON's TFP business. SON's earnings could set the tone for the whole packaging sector. \### Shared Auditors OTTR and TNC both use Deloitte & Touche LLP the only shared auditor pair among Monday reporters. \## Full Monday Earnings List | Ticker | Company | MCap(M) | Time | EPS Est | In Coverage | Flags | |:---:|:---|---:|:---:|:---:|:---:|:---| | OTTR | Otter Tail Corp | 3,645 | AMC | 1.16 | Yes | | | BRDCY | Bridgestone | 32,404 | -- | -- | No | | | SSSGY | SARTORIUS | 7,976 | -- | -- | No | | | FRMI | Fermi Inc. | 5,686 | -- | -- | No | | | SON | Sonoco Products | 5,060 | AMC | 1.01 | Yes | | | AERO | Grupo Aeromexico | 2,524 | AMC | 0.46 | No | | | RNW | ReNew Energy Global | 1,941 | BMO | -0.12 | No | | | RHLD | Resolute Holdings | 1,608 | -- | -- | Yes | Sloan -1697 | | TNC | Tennant Co | 1,479 | -- | 1.68 | Yes | | | INR | Infinity Natural Resources | 960 | -- | 0.65 | No | | | GEMI | Gemini Space Station | 788 | -- | -0.84 | No | | | AHH | Armada Hoffler Properties | 708 | AMC | 0.26 | Yes | |