Greif

Greif, Inc. engages in the production of industrial packaging products and services. It operates through the following segments: Global Industrial Packaging, Paper Packaging & Services, and Land Management. The Global Industrial Packaging segment involves the production of industrial packaging products, such as steel, fiber & plastic drums, rigid & flexible intermediate bulk containers, closure systems for industrial packaging products, transit protection products, water bottles, and remanufactured & reconditioned industrial containers. The segment services include container life cycle management, filling, logistics, warehousing, and other packaging services. The Paper Packaging & Services segment focuses on the production and sale of containerboard, corrugated sheets, corrugated containers, and other corrugated products to customers in North America. The Land Management segment relates to the management and sale of timber, which focuses on the active harvesting and regeneration of the United States timber properties. The company was founded by William Greif and Albert Vanderwyst in 1877 and is headquartered in Delaware, OH.

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Greif faces Q1 challenges but eyes growth through acquisitions

Greif's Q1 2023 earnings call highlighted progress in strategic initiatives but faced challenges in volume softness and cost pressures.
The company's focus on acquisitions, sustainability, and cost management underscored its commitment to long-term success.
Despite financial declines in net sales and EBITDA, improved free cash flow and a clear capital allocation strategy provide optimism.

Greif reports exceptional Q2 results, raises guidance amid challenges

Greif's Q2 performance exceeded expectations, driven by strong financials and sustainability efforts.
While facing challenges in certain business segments, the company's strengths in customer satisfaction and cost management shine through.
Revised guidance and positive outlook signal opportunities for growth and continued improvement in working capital.
Overall, Greif remains resilient, well-positioned, and focused on sustainable growth.

Greif exceeds Q3 earnings expectations, focuses on value and growth

Greif's Q3 2023 earnings call highlighted robust financial performance, exceeding guidance, and strategic initiatives to drive growth. Despite facing challenges in volume declines and margin improvements, the company remains focused on value pricing and customer service. With opportunities in strategic M&A and a strong financial position, Greif is well-positioned for continued success.

Greif reports strong fiscal 2023 results, eyes sustainable growth

Greif's fiscal 2023 performance reflects resilience amid challenges, with a focus on strategic investments and operational enhancements. While facing headwinds, the company remains committed to sustainable growth and operational efficiency, setting the stage for future success.

Greif reports $128M EBITDA in Q1, focuses on sustainability and growth

Greif's Q1 performance showed mixed results with global volume pressure and regional variations. The company's focus on sustainability and innovation, along with strategic investments, positions it well for future growth despite challenges in certain markets. Opportunities for expansion through acquisitions and improved cost management efforts provide a positive outlook.

Greif reports strong Q2 results, eyes APAC expansion for growth

Greif's Q2 performance reflects resilience amidst market challenges, driven by operational efficiency and strategic acquisitions. While facing short-term headwinds, the company remains focused on sustainable growth, customer service excellence, and capital deployment priorities. Opportunities in the APAC region and ongoing operational improvements position Greif for long-term success.

Greif reports robust Q3 earnings, poised for growth amidst challenges

Greif's Q3 performance reflects strong financial results and global growth momentum. The company's focus on polymer-based products, operational excellence, and customer service are key strengths driving its competitive advantage. While facing market uncertainties and operational changes, Greif remains committed to growth, debt reduction, and financial discipline to capitalize on opportunities.

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Greif, Inc. engages in the production of industrial packaging products and services. It operates through the following segments: Global Industrial Packaging, Paper Packaging and Services, and Land Management. The Global Industrial Packaging segment includes steel, fiber, and plastic drums, intermediate bulk containers, closure systems, transit protection products, water bottles, and remanufactured and reconditioned industrial containers. The Paper Packaging & Services segment focuses on the production and sale of containerboard, corrugated sheets, containers, and other products. The Land Management segment involves harvesting and regeneration of timber. The company was founded by William Greif and Albert Vanderwyst in 1877 and is headquartered in Delaware, OH.

DELAWARE, Ohio, Oct. 31, 2023 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Greif, Inc. (NYSE: GEF, GEF.B), please note that, in footnote (1), "within 48 months of planned ownership" should read "within 18 months of planned ownership." The corrected release follows:

CORRECTION - Greif Plans to Acquire IPACKCHEM

DELAWARE, Ohio, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Highlights IPACKCHEM is a global leader in premium barrier and non-barrier jerrycans and small plastic containers Platform investment supports future growth in EMEA and APAC, with unique barrier technology, best-in-class facilities across five continents, and strong technical and operational management Favorable exposure to secular growth markets in agriculture, specialty chemicals, flavor & fragrances, and pharmaceutical & medical diagnostics Financial profile is immediately accretive to EBITDA margins and free cash flow Compelling value at 9.4x last twelve months adjusted EBITDA of $57 million and 8.4x synergized1 EBITDA of $64 million for a global leader with nearly 25% EBITDA margins and 65% cash conversion Planned acquisition is fully aligned with Greif's enterprise strategy of growing into margin-accretive, resin-based products with strong circularity characteristics serving multiple end markets Note: all financials translated based on 1.05/1.00 EUR to USD exchange rate as of October 18, 2023(1) Estimated synergies of $7 million represent Greif low-end estimate for synergy capture within 48 months of planned ownership based on information available as of October 31, 2023; upside potential will be refined throughout that period and updates will be communicated as synergies are realized. Transaction Overview Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that it has entered into exclusive negotiations to acquire I PACKCHEM Group SAS, a global leader in premium barrier and non-barrier jerrycans and small plastic containers, from an affiliate of SK Capital Partners, in a cash transaction valued at $538 million.

Greif Plans to Acquire IPACKCHEM

DELAWARE, Ohio, Oct. 10, 2023 (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 2023 fourth quarter financial results after the market closes on Wednesday, December 6, 2023. A conference call will be held on Thursday, December 7, 2023 at 8:30 a.m. ET to discuss the quarter results.

Greif, Inc. Announces 2023 Fourth Quarter Earnings Release and Conference Call Dates

Greif (GEF) acquires Canada-based company Reliance Products to boost geographical footprints and industrial packaging portfolio.

Greif (GEF) Buys Reliance Products to Boost Packaging Portfolio

DELAWARE, Ohio , Oct. 2, 2023 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it has acquired Reliance Products, Ltd. ("Reliance Products" or "Reliance"), a leading producer of high-performance barrier and conventional blow molded jerrycans and small plastic containers in Canada.

Greif Inc. Acquires Reliance Products Ltd.

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Packaging is a global industry, which no single company dominates. It is cyclical, sensitive to recessions, and earnings can vary considerably by year. Greif's business is capital-intensive and benefits from a low interest rate environment.

Greif: The High Yield Class B Shares Are A Compelling Buy

Greif Ranked Among 100 U.S. Companies for Outstanding Employee Sentiment and Satisfaction DELAWARE, Ohio , Sept. 20, 2023 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, is honored to be recognized as a Top 100 Most Loved Workplaces by Newsweek for the third consecutive year.

Greif Named to Newsweek's List of the Top 100 Most Loved Workplaces for 2023

The heavy selling pressure might have exhausted for Greif (GEF) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

After Plunging -5% in 4 Weeks, Here's Why the Trend Might Reverse for Greif (GEF)

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Greif, Inc. (NYSE:GEF ) Q3 2023 Results Conference Call August 31, 2023 8:30 AM ET Company Participants Matt Leahy - Vice President of Corporate Development and Investor Relations Ole Rosgaard - President and Chief Executive Officer Larry Hilsheimer - Chief Financial Officer Conference Call Participants Michael Hoffman - Stifel Ghansham Panjabi - Baird George Staphos - Bank of America Gabe Hadi - Wells Fargo Operator Good day, and thank you for standing by. Welcome to the Greif Third Quarter 2023 Earnings Conference Call [Operator Instructions].

Greif, Inc. (GEF) Q3 2023 Earnings Call Transcript

Greif (GEF) Q3 results reflect the impacts of lower volume and lower average selling prices across its segments.

Greif (GEF) Q3 Earnings Beat, Sales Miss on Low Volumes

DELAWARE, Ohio , Aug. 30, 2023 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced it has acquired 51% of the ownership interest in ColePak, LLC in an all-cash transaction funded through Greif's existing credit facility.  ColePak is the second largest supplier of paper partitions in North America and has a compelling future growth path in that unique product niche.

Greif Partners with ColePak, LLC by Acquiring 51% Ownership Interest

DELAWARE, Ohio , Aug. 30, 2023 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced third quarter 2023 results. Third Quarter Financial Highlights include (all results compared to the third quarter of 2022 unless otherwise noted): Net income of $90.3 million or $1.55 per diluted Class A share decreased compared to net income of $141.8 million or $2.36 per diluted Class A share.

Greif Reports Third Quarter 2023 Results

Greif's (GEF) third-quarter fiscal 2023 results are likely to reflect the impacts of lower volumes across its segments.

Greif (GEF) to Report Q3 Earnings: What's in the Offing?

Greif (GEF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Greif (GEF) to Report a Decline in Earnings: What to Look Out for

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DELAWARE, Ohio , July 28, 2023 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today it will report the company's 2023 third quarter financial results after the market closes on Wednesday, August 30, 2023. A conference call will be held on Thursday, August 31, 2023 at 8:30 a.m.

Greif, Inc. Announces 2023 Third Quarter Earnings Release and Conference Call Dates

Greif, Inc. (GEF) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, GEF's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

Greif (GEF)'s Technical Outlook is Bright After Key Golden Cross

Investors interested in stocks from the Containers - Paper and Packaging sector have probably already heard of Greif (GEF) and AptarGroup (ATR). But which of these two stocks is more attractive to value investors?

GEF vs. ATR: Which Stock Is the Better Value Option?

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Low consumer spending amid inflationary pressures and supply-chain snarls dampens the near-term prospects for the Zacks Containers-Paper and Packaging industry. However, the likes of ATR, SON, GEF and KRT are poised well to tackle the challenges.

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Greif, Inc. is a packaging solutions company that has outperformed the market despite mixed financial performance, with shares remaining cheap on a forward basis. The company's revenue for the first half of 2023 fiscal year declined by 20.2% compared to the previous year, but net income increased from $135.4m to $201.1m. Despite some weakening, Greif is still considered a good investment due to its attractive pricing and performance relative to similar firms.

Greif, Inc. Still Offers Upside Even As Financial Performance Deteriorates

Greif (GEF) reported earnings 30 days ago. What's next for the stock?

Why Is Greif (GEF) Down 3.4% Since Last Earnings Report?

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Investors interested in stocks from the Containers - Paper and Packaging sector have probably already heard of Greif (GEF) and AptarGroup (ATR). But which of these two stocks offers value investors a better bang for their buck right now?

News for Greif Stock (GEF)