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GEF-B - Greif, Inc.

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Greif, Inc.

GEF-B

NYSE

Greif, Inc. engages in the production and sale of industrial packaging products and services worldwide. It operates in three segments: Global Industrial Packaging; Paper Packaging & Services; and Land Management. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries. This segment also offers flexible intermediate bulk containers and related services to the agriculture, construction, and food industries. The Paper Packaging & Services segment produces and sells containerboards, corrugated sheets and containers, and other corrugated and specialty products to customers in the packaging, automotive, food, and building products markets; and produces and sells coated and uncoated recycled paperboard, and recycled fiber. This segment's corrugated container products are used to ship various products, such as home appliances, small machinery, grocery products, automotive components, books, and furniture, as well as various other applications. The Land Management segment engages in harvesting and regeneration of timber properties; and sale of timberland and special use properties. As of October 31, 2021, this segment owned approximately 175,000 acres of timber properties in the southeastern United States. The company was formerly known as Greif Bros. Corporation and changed its name to Greif, Inc. in 2001. Greif, Inc. was founded in 1877 and is headquartered in Delaware, Ohio.

65.05 USD

0.67 (1.03%)

Latest GEF-B News

GlobeNewsWire

Feb 5, 2024

Greif, Inc. Announces 2024 First Quarter Earnings Release and Conference Call Dates

DELAWARE, Ohio, Feb. 05, 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 first quarter financial results after the market closes on Wednesday, February 28, 2024. A conference call will be held on Thursday, February 29, 2024 at 8:30 a.m. ET to discuss the quarter results.

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Seeking Alpha

Feb 1, 2024

Greif: Performance And Expectations Are Worsening, But The Share Price Remains High

Revenues keep decreasing as volumes are weak, but the IPACKCHEM acquisition should give them a boost in fiscal 2024. Gross profit and EBITDA margins remain high, and despite a recent contraction, recent product price raises should stabilize them. The debt profile has improved significantly in recent years, although debt will increase in fiscal 2024 as a result of the IPACKCHEM acquisition.

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Seeking Alpha

Sep 27, 2023

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

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.

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Seeking Alpha

Jul 7, 2023

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

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.

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Seeking Alpha

Apr 28, 2023

Greif Inc: A Company With Untapped Potential

The low PE ratio is what attracted me to investigate the company further. Upon digging deeper, I noticed the company is generating very decent unlevered free cash flow and has a decent balance sheet.

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Benzinga

Jun 23, 2022

Greif Adopts $150M Stock Buyback Program

Greif Inc (NYSE: GEF) has entered into a $75 million accelerated share repurchase agreement (ASR) with Bank of America, N.A. Also, the company plans to repurchase an aggregate of $75 million shares of its Class A and Class B stock in open market purchases.

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Benzinga

Jun 9, 2022

Why Greif Shares Are Trading Higher Today

Greif Inc. (NYSE: GEF) shares are trading higher after the company reported better-than-expected second-quarter adjusted earnings per share and sales results. The company also issued full-year 2022 adjusted earnings per share guidance above analyst estimates.

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Benzinga

Jun 8, 2022

Why Greif Shares Are Surging After Hours Today

Greif, Inc (NYSE: GEF) reported second-quarter net sales growth of 24.4% year-over-year to $1.67 billion, beating the consensus of $1.51 billion. Global Industrial Packaging net sales increased by $173.7 million to $971.7 million, and Paper Packaging & Services n et sales increased.

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Zacks Investment Research

Apr 4, 2022

Here's Why Greif (GEF) is a Strong Value Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

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Zacks Investment Research

Apr 4, 2022

Greif (GEF) Exits Flexible Packaging JV, Wraps Up 50% Stake Sale

Greif's (GEF) divestment will help it focus on expanding its Build to Last Strategy.

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