Core Insights - GPO Plus, Inc. has achieved an annualized revenue run rate of approximately $6.3 million, representing a nearly 6x increase since entering the Direct Store Delivery (DSD) market in April 2023 [1] Company Overview - GPO Plus, Inc. is an AI-powered distributor that is transforming distribution to gas stations and convenience stores through its innovative technology-driven DSD model [1] Market Performance - The company entered the DSD market through the acquisition of Betterment Retail Solutions, which has significantly contributed to its revenue growth [1]

Core Insights - The Fund underperformed the MSCI World ex USA Index for the quarter but has outperformed the benchmark since inception [5] - Consumer discretionary and materials sectors were the largest contributors to performance, while industrials and communication services were the largest detractors [5] - Geographically, the portfolio is heavily weighted towards Europe ex U.K. (68.4%), followed by the U.K. (11.5%) and Asia ex Japan (9.3%) [5] Performance Analysis - Kering was the top contributor during the quarter, driven by leadership changes and improving revenue trends [7] - CNH Industrial was the top detractor, facing weak results and soft demand, particularly in the U.S., but management expects a rebound in 2025 [8] Portfolio Activity - Six new positions were added to the Fund, while nine were exited during the quarter [9] - New purchases included Bunzl, which is expected to return to stable growth despite recent execution issues [10] - Dassault Systèmes, a leader in virtual twin technology, is viewed as a high-quality investment opportunity despite a nearly 40% decline in share price [11] Company Highlights - FEMSA, a diversified Latin American conglomerate, is well-positioned for growth through strategic divestments and share buybacks [12] - Hexagon has upgraded its management team and is expected to see improvements in return on capital employed and cash flow [13] - Siemens Healthineers is positioned for profitable growth in medical technology, with a favorable product cycle and turnaround in its diagnostics business [16] Investment Returns - The Fund's average annualized total returns show strong performance across various time frames, with the Institutional Class returning 26.51% year-to-date [18]

Group 1 - The article highlights a three-day summit in New York City that connects over 500 investors, executives, and founders focused on advancing capitalism for good [1] - GPO Plus, Inc. (OTCQB: GPOX) is an AI-powered distributor that is revolutionizing distribution to gas stations and convenience stores through its innovative technology-driven Direct Store Delivery (DSD) model [1] - GPOX is a featured sponsor of the summit, indicating its commitment to the themes discussed at the event [1]

Group 1 - Wesco International will hold its third quarter 2025 earnings conference call on October 30, 2025, at 10:00 a.m. ET [1] - The company provides dial-in details for live access and replay access for the earnings call [1] - A live audio webcast of the earnings presentation will be available on Wesco's investor relations website [1] Group 2 - Wesco International is a FORTUNE 500® company headquartered in Pittsburgh, Pennsylvania, with approximately $22 billion in annual sales in 2024 [2] - The company specializes in business-to-business distribution, logistics services, and supply chain solutions, offering a diverse portfolio of products and services [2] - Wesco employs around 20,000 people and operates over 700 sites in approximately 50 countries, providing a local presence and a global network for its customers [2]

Core Insights - The current tariff environment has significantly impacted corporate financial results and finance departments' planning and forecasting capabilities across various industries [1] Group 1: Impact on Profitability and Forecasting - A survey of 942 finance leaders revealed that 59% reported a moderate impact on profitability due to tariffs, while 64% indicated that tariffs affected their ability to prepare timely and reliable forecasts [2] - In the United States, 76% of respondents reported at least a moderate impact on forecasting, compared to 60% in Europe and 46% in Asia-Pacific [3] Group 2: Industry-Specific Effects - Financial services, consumer packaged goods, and retail sectors reported the highest levels of impact on profitability, with 70% of U.S.-based companies experiencing at least a moderate impact [4] - Manufacturing and distribution organizations are identified as the most affected industries regarding tariff-related forecasting issues [3] Group 3: Supply Chain Adjustments - Companies are addressing supply chain concerns by enhancing communication with suppliers (60%) and increasing third-party risk management oversight (52%) [4] - A significant portion of companies are sourcing materials locally (39%) and diversifying their supply chains across multiple regions (35%), while 51% have made no changes to their outsourcing or offshoring strategies [5] Group 4: Role of CFOs - CFOs are positioned to act as the "voice of reason" in discussions with shareholders and board members regarding the impact of tariffs on costs and profit margins [5] - Strong cross-functional collaboration is necessary for addressing questions related to tariffs, including cost of goods sold and pricing adjustments [6]

Core Insights - Ripplr, a distribution and logistics startup, has raised INR 200.3 Cr (approximately $22.6 Mn) from existing investors, led by Sojitz Corporation, with participation from 3one4 Capital and Trifecta Capital [1][5] - The startup provides a tech-enabled distribution platform for FMCG and ecommerce brands, assisting in warehouse onboarding, store onboarding, and price management [4][5] - Ripplr's logistics division manages last-mile delivery fleets, offers cold chain solutions, and provides vehicle tracking services [4] Investment Details - Sojitz Corporation invested INR 191.6 Cr by allotting 3.1 Lakh Series C1 CCPS shares at an issue price of INR 6,119 each [2] - 3one4 Capital and Trifecta Capital contributed INR 8.3 Cr and INR 63.9 Lakh, respectively, to the funding round [1][3] Financial Performance - Ripplr's net loss increased by 43.5% to INR 89.15 Cr in FY24, compared to INR 62.09 Cr in the previous fiscal year [6] - Operating revenue grew by 38.9% to INR 1,028.38 Cr from INR 740.22 Cr in FY23 [6] Clientele and Market Position - Ripplr serves notable brands such as Colgate, Britannia, and Dabur, and has clients in its logistics business including BigBasket, Blinkit, and Croma [5] - The company competes with other players like Udaan and ElasticRun, as well as traditional distributors [5]

Q2 2025 Financial Performance - Net sales decreased by 48% to $2096 million compared to Q2 2024[10, 22] - Adjusted operating income decreased by 209% to $228 million, with the adjusted operating income margin decreasing by 220 basis points to 109%[10, 22] - Adjusted net income decreased by 215% to $114 million, and diluted EPS decreased by 205% to $031[10] - The company generated strong free cash flow of $247 million, an increase of $148 million from the previous year[10] Segment Results - Material Handling net sales decreased by 44% to $1586 million, and adjusted operating income decreased by 109% to $289 million[31] - Distribution net sales decreased by 60% to $510 million, and adjusted operating income decreased by 444% to $16 million[33] Strategic Initiatives and Outlook - The company is launching a strategic review of Myers Tire Supply (MTS), which represents $189 million in sales over the last twelve months (LTM)[13] - The company is consolidating rotational molding production capacity by idling two of nine facilities, expecting at least $3 million in annual savings[15] - The company is tracking to achieve $20 million in cost savings by the end of 2025, primarily in SG&A[15, 41] - The company maintains a capital expenditure target of 3% of sales, focusing on high-growth opportunities[16, 39]