John Dunigan

you talked about the headwind from the logistics share gains that you had last year, but I think you mentioned that you did not really see any of that giveback in Q1

is there an ability to drive inventories lower to better match the current demand environment?

the collaboration, when when will that start flowing through? Is that more of a 2026 event?

is this the type of business that will be pretty reliant on these larger, maybe global types of sporting events?

you could just quantify how much the FX supported earnings in 1Q

The comparable EMEA earnings came in quite a bit better than we expected. It sounded like Benepack wasn't much of a contributor