DELAWARE, Ohio, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced that it has been recognized as a Top 100 Most Loved Workplace for the fourth consecutive year by Newsweek. "We are honored to be recognized as one of Newsweek's Top 100 Most Loved Workplaces for the fourth consecutive year," said Ole Rosgaard, Greif President and Chief Executive Officer. "This recognition is a testament to our employees' dedication ...

Core Viewpoint - Greif, Inc. has opened a new facility in Pasir Gudang, Johor, aimed at expanding its business and enhancing its packaging solutions while maintaining quality and sustainability standards [1][2]. Group 1: New Facility and Capabilities - The new factory in Pasir Gudang will produce Intermediate Bulk Containers for various industries, including food, chemicals, and lubricants, utilizing advanced manufacturing technologies [2]. - The facility is expected to contribute to regional growth by creating job opportunities, supported by Johor's robust infrastructure [3]. Group 2: Recent Investments - In March 2024, Greif acquired IPACKCHEM, a leader in premium barrier and non-barrier jerry cans, which is anticipated to positively impact Greif's EBITDA margin and free cash flow [4]. - In October 2023, the company acquired Reliance Products, enhancing its portfolio with high-performance barrier technologies [5]. Group 3: Financial Performance - For Q3 fiscal 2024, Greif reported adjusted EPS of $1.03, missing the consensus estimate of $1.17, with a year-over-year decline of 41.1% [6]. - Sales increased by 9.3% year-over-year to $1.45 billion, surpassing the consensus estimate of $1.42 billion, driven by higher volumes and recent acquisitions [6]. Group 4: Future Estimates - The Zacks Consensus Estimate for Q4 fiscal 2024 earnings is $1.07 per share, indicating a decline from the prior year's EPS of $1.56, with revenue expectations of $1.42 billion, reflecting an 8.4% growth year-over-year [7]. Group 5: Share Price Performance - Greif's shares have decreased by 11.5% over the past year, contrasting with the industry's growth of 23.1% [8].

Have you looked into how Greif (GEF) performed internationally during the quarter ending July 2024? Considering the widespread global presence of this industrial packaging company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must underst ...

Greif, Inc. (GEF) reported adjusted earnings per share (EPS) of $1.03 in third-quarter fiscal 2024 (ended July 31, 2024), missing the Zacks Consensus Estimate of $1.17. The bottom line fell 41.1% year over year. Including one-time items, EPS was $1.50 in the quarter compared with $1.55 in the prior-year quarter. Greif's Sales Rise in Q3, Margins Dip GEF's sales moved up 9.3% year over year to $1.45 billion. The top line surpassed the Zacks Consensus Estimate of $1.42 billion. The upside was mainly due to hi ...

Greif (GEF) reported $1.45 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 9.3%. EPS of $1.03 for the same period compares to $1.75 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.43 billion, representing a surprise of +1.85%. The company delivered an EPS surprise of -11.97%, with the consensus EPS estimate being $1.17. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...

Greif (GEF) came out with quarterly earnings of $1.03 per share, missing the Zacks Consensus Estimate of $1.17 per share. This compares to earnings of $1.75 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -11.97%. A quarter ago, it was expected that this industrial packaging company would post earnings of $0.77 per share when it actually produced earnings of $0.82, delivering a surprise of 6.49%. Over the last four quarters, t ...

Wall Street analysts forecast that Greif (GEF) will report quarterly earnings of $1.18 per share in its upcoming release, pointing to a year-over-year decline of 32.6%. It is anticipated that revenues will amount to $1.43 billion, exhibiting an increase of 7.8% compared to the year-ago quarter. Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their ...

DELAWARE, Ohio, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced it has sold Delta Petroleum Company, Inc. ("Delta"), a North American filling and logistics services business, to PSC Group LLC, a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries. "We are happy to have worked with the PSC Group in a transact ...

DELAWARE, Ohio, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced it has sold Delta Petroleum Company, Inc. ("Delta"), a North American filling and logistics services business, to PSC Group LLC, a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries. "We are happy to have worked with the PSC Group in a transact ...

Greif will provide conference call slides in combination with its third quarter earnings press release. The conference call will include management's prepared remarks and a question and answer session. About Greif Bill D'Onofrio 614-499-7233 bill.donofrio@greif.com DELAWARE, Ohio, July 31, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today it will report the company's 2024 third quarter financial results after the market c ...