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  "documentTitle": "GCP Applied Technologies (GCP)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
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  "presentationDate": "2020-04-30 00:00:00",
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  "notes": "The slide uses a grid layout to show performance misses across multiple years and metrics.",
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      "text": "Performance comparison charts for EPS, Adj. EBIT, Adj. Free Cash Flow, and Revenue Growth",
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      "text": "Source: GCP's public filings. Note: Decline / increase is calculated as actual reported results relative to midpoint of initial management guidance. (1) Management guidance provided in March 2017 for FY 2017 excludes Darex divestiture.",
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      "text": "Management Guidance vs Actual Results",
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      "kind": "title",
      "text": "The Company Has a Long History of Downward Revisions and Misses",
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