Greif(GEF)
Search documents
Greif(GEF) - 2021 Q2 - Quarterly Report
2021-06-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-00566 _________________________________ GREIF, INC. (Exact name of registrant as specified in its charter) __ ...
Greif (GEF) Investor Presenation - Slideshow
2021-03-19 08:41
PACKAGING SUCCESS TOGETHER™ March 2021 Investor Presentation Safe harbor FORWARD-LOOKING STATEMENTS • This presentation contains certain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. The words "may," "will," "expect," "intend," "estimate," "anticipate," "aspiration," "objective," "project," "believe," "continue," "on track" or "target" or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward look ...
Greif(GEF) - 2021 Q1 - Earnings Call Transcript
2021-02-27 11:22
Greif, Inc. (NYSE:GEF) Q1 2021 Earnings Conference Call February 25, 2021 8:30 AM ET Company Participants Matt Eichmann – Vice President-Investor Relations, External Relations and Sustainability Pete Watson – Vice President and Chief Executive Officer Larry Hilsheimer – Executive Vice President and Chief Financial Officer Conference Call Participants Gabe Hajde – Wells Fargo Jesse Barone – BMO Capital Markets Matt Krueger – Baird Operator Ladies and gentlemen, thank you for standing by, and welcome to the G ...
Greif(GEF) - 2021 Q1 - Earnings Call Presentation
2021-02-26 19:40
PACKAGING SUCCESS TOGETHER™ FIRST QUARTER FISCAL 2021 EARNINGS CONFERENCE CALL FEBRUARY 25, 2021 Safe harbor FORWARD-LOOKING STATEMENTS • This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "may," "will," "expect," "intend," "estimate," "anticipate," "aspiration," "objective," "project," "believe," "continue," "on track" or "target" or the negative thereof and similar expressions, among others, identify forward-l ...
Greif(GEF) - 2021 Q1 - Quarterly Report
2021-02-25 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2021 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-00566 _________________________________ GREIF, INC. (Exact name of registrant as specified in its charter) ...
Greif(GEF) - 2020 Q4 - Annual Report
2020-12-17 22:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K _________________________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-00566 _________________________________________________ GREIF, INC. (Exact name of Registrant as specified in ...
Greif(GEF) - 2020 Q4 - Earnings Call Presentation
2020-12-10 19:06
PACKAGING SUCCESS TOGETHER™ FOURTH QUARTER AND FISCAL 2020 EARNINGS CONFERENCE CALL DECEMBER 10, 2020 Safe harbor FORWARD-LOOKING STATEMENTS • This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "may," "will," "expect," "intend," "estimate," "anticipate," "aspiration," "objective," "project," "believe," "continue," "on track" or "target" or the negative thereof and similar expressions, among others, identify forw ...
Greif(GEF) - 2020 Q4 - Earnings Call Transcript
2020-12-10 18:59
Financial Data and Key Metrics Changes - Fourth quarter net sales, excluding foreign exchange impact, fell by approximately 6% year-over-year due to demand softness in Rigid Industrial Packaging & Services (RIPS), divestiture of the Consumer Packaging Group, and lower containerboard and boxboard pricing [26] - Fourth quarter adjusted EBITDA decreased by roughly 17% compared to the prior year quarter primarily due to lower sales and a significant price cost squeeze in the paper business [27] - Adjusted Class A earnings per share for the fourth quarter fell to $0.78 from $1.24 in the prior year quarter, while fiscal year 2020 adjusted Class A earnings per share were $3.22, slightly above the guidance range provided in the third quarter [29][30] Business Segment Data and Key Metrics Changes - RIPS business saw global steel drum volumes decline by about 1% year-over-year, but on a per day basis, volumes rose by 1% [13][14] - Flexible Products & Services segment's fourth quarter sales were roughly flat year-over-year on a currency neutral basis, with adjusted EBITDA rising by $3 million due to higher gross profit [19] - Paper Packaging's fourth quarter sales fell by approximately $33 million year-over-year due to lower containerboard and boxboard prices, with adjusted EBITDA decreasing by about $31 million [20][21] Market Data and Key Metrics Changes - Demand for steel drums was strongest in China, with volumes rising by approximately 21%, while U.S. steel drum volumes fell nearly 12% due to weak demand for bulk and specialty chemicals [14][15] - The Americas region experienced the weakest conditions, contrasting with stronger demand in other global markets [15][62] - Food demand was lower year-over-year due to unfavorable harvesting conditions in southern Europe [18] Company Strategy and Development Direction - The company is focused on customer service excellence, operational execution, and safety, with improvements in Customer Satisfaction Index scores and Net Promoter Score [9] - Integration of Caraustar is on track, with approximately $63 million in identified synergies captured since the acquisition announcement, expecting at least $70 million in synergies over 36 months [10] - The company aims to maintain strong sustainability practices and was recognized for sustainability leadership with a gold rating from EcoVadis [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the improving demand environment as the world emerges from the COVID-19 pandemic, positioning the company well for future growth [47] - The company anticipates challenges in the first quarter due to seasonality and COVID-related uncertainties, but expects to benefit from industrial recovery in fiscal 2021 [33][79] - Management highlighted the importance of managing working capital and inventory levels tightly in response to current market conditions [78] Other Important Information - The company expects higher year-over-year freight costs and insurance premiums, which will impact cost of goods sold and SG&A [35] - Anticipated capital investments for the first quarter are expected to be in the range of $30 million to $40 million [44] - The company has a strong balance sheet with approximately $538 million of available borrowing capacity [43] Q&A Session Summary Question: Can you talk about the year-end incentive accrual and the expected $8 million drag in the upcoming quarter? - Management explained that the year-end incentive adjustment was an $8 million item that impacted the fourth quarter due to strong cash performance and health management during COVID [50] - The $8 million drag is a year-over-year item related to intercompany profit that will not build back up due to improved working capital management [51] Question: Why continue to provide fiscal '22 guidance despite reducing it? - Management believes investors want to understand the company's potential post-COVID and expects economic recovery by late '21 or early '22 [55] Question: What is the outlook for the RIPS business in North America? - Management noted that the RIPS business faced challenges due to end-use segment declines and trade tariffs, impacting steel drum production [62] Question: Can you clarify the impact of the price cost squeeze in the paper business? - Management detailed that the price cost squeeze was significant, with various factors contributing to the year-over-year decline in the paper business [66] Question: What are the expectations for volumes in fiscal Q1? - Management forecasts 1% to 2% growth in RIPS steel drum volumes globally and high single-digit growth in IBCs, while paper business is expected to maintain high backlogs and operating capacities [79]
Greif(GEF) - 2020 Q3 - Quarterly Report
2020-08-28 17:48
Commission File Number 001-00566 _________________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ FORM 10-Q _________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2020 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 GREIF, INC. (Exact name of registrant as specified in its charter) ___ ...
Greif(GEF) - 2020 Q3 - Earnings Call Transcript
2020-08-27 17:30
Greif, Inc. (NYSE:GEF) Q3 2020 Earnings Conference Call August 27, 2020 8:30 AM ET Company Participants Matt Eichmann - Investor Relations and Corporate Communications Peter Watson - President and Chief Executive Officer Larry Hilsheimer - Executive Vice President and Chief Financial Officer Conference Call Participants George Staphos - Bank of America Merrill Lynch Gabe Hajde - Wells Fargo Ghansham Panjabi - Baird Equity Research Mark Wilde - BMO Capital Markets Adam Josephson - KeyBanc Steven Chercover - ...