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  "docSlug": "798b531685a0",
  "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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  "pageNumber": 63,
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  "notes": "The slide uses a structured list format to present strategic recommendations for GCP.",
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      "kind": "list",
      "text": "Operating Expense / Capital Allocation (300bps Margin Improvement): Streamline organization, introduce automation, improve R&D productivity, review capital allocation.",
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      "text": "Gross Margin (300bps Margin Improvement): Review product demand, empower marketing, right-size SKUs, eliminate sole-sourced raw materials.",
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      "text": "Revenue Growth (3% - 5% Long-Term Growth Target): Restructure sales force, pivot customer service, clean up order entry, expand SCC portfolio, tier SBM offerings.",
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      "text": "EBIT margin: 600bps",
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      "text": "Source: GCP's public filings, Starboard estimates, analysis from leading consulting firm engaged in the evaluation of GCP's operations and performance, and interviews with industry experts.",
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      "text": "We Believe There Are Specific Operational Improvement Opportunities at GCP",
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