Greif, Inc. (GEF) reported adjusted earnings per share (EPS) of 82 cents in second-quarter fiscal 2024 (ended Apr 30, 2024), which surpassed the Zacks Consensus Estimate of 77 cents. The bottom line fell 54% year over year. Results were impacted by elevated raw material, transportation and manufacturing costs, and higher SG&A expenses, reflecting increased compensation expenses and costs incurred for strategic investments. Including one-time items, EPS was 77 cents in the quarter compared with $1.90 in the ...

Paper Packaging & Services (PPS) Review ▪ Improving Containerboard and URB operating rates ▪ Executing on announced price increases and margin enhancement initiatives to offset rising OCC and other inflationary costs June 6, 2024 P.10 F I S C A L 2 0 2 4 E B I T D A G U I D A N C E ( $ M ) $610 Non-GAAP measures are intended to supplement and should be read together with our financial results. They should not be considered an alternative or subsitiute for, and sho superior to, our reported financial results ...

Shares of Greif have returned -0.3% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Greif performed in the just reported quarter in terms of the metr ...

Greif (GEF) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $1.77 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 6.49%. A quarter ago, it was expected that this industrial packaging company would post earnings of $0.20 per share when it actually produced earnings of $1.27, delivering a surprise of 535%. The sustainability of the stock ...

Core Points - Greif, Inc. announced a price increase of $50 to $70 per short ton for all grades of uncoated recycled paperboard (URB) products, effective from July 8, 2024 [1][2] - The price increase is attributed to rising costs in raw materials, energy, labor, and transportation, alongside increasing demand for URB products [2] Company Overview - Greif is a global leader in industrial packaging products and services, producing a wide range of products including steel, plastic, and fiber drums, intermediate bulk containers, and various types of paperboard [3] - The company operates over 248 facilities in 37 countries, employing more than 14,000 colleagues to serve both global and regional customers [3]

DELAWARE, Ohio, June 03, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that Jillian (Jill) Evanko has been appointed to its Board of Directors. Ms. Evanko is President and Chief Executive Officer of Chart Industries, Inc. (NYSE: GTLS). A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cbe43efa-f98d-4c88-aa78-4fe72f57884e "I am honored to join the Greif Board of D ...

Core Points - Greif, Inc. has declared quarterly cash dividends of $0.52 per share on its Class A Common Stock and $0.78 per share on its Class B Common Stock [1] - The dividends are scheduled to be payable on July 1, 2024, to stockholders of record as of June 18, 2024 [1] Company Overview - Greif is a global leader in industrial packaging products and services, aiming to be the best performing customer service company in the world [1] - The company produces a variety of products including steel, plastic, and fibre drums, intermediate bulk containers, reconditioned containers, jerrycans, containerboard, and specialty products [1] - Greif also provides filling, packaging, and other services across various industries and manages timber properties in the southeastern United States [1] - The company employs over 14,000 colleagues across more than 250 facilities in 37 countries [1]

DELAWARE, Ohio, June 03, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that Jillian (Jill) Evanko has been appointed to its Board of Directors. Ms. Evanko is President and Chief Executive Officer of Chart Industries, Inc. (NYSE: GTLS). "We are delighted to welcome Jill to the Greif Board of Directors," said Bruce Edwards, Chairman of the Greif Board of Directors. "Jill brings a wealth of experience in the manufacturing ...

DELAWARE, Ohio, May 29, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today the company has been named to Newsweek's list of the 2024 Top 100 Global Most Loved Workplaces. The results were determined after surveying more than 2 million employees from businesses with workforces varying in size from 30 to more than 10,000. The list recognizes companies that put respect, caring, and appreciation for their employees at the cent ...

DELAWARE, Ohio, May 29, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today the company has been named to Newsweek's list of the 2024 Top 100 Global Most Loved Workplaces. The results were determined after surveying more than 2 million employees from businesses with workforces varying in size from 30 to more than 10,000. The list recognizes companies that put respect, caring, and appreciation for their employees at the cente ...