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Greif Inc - GEF STOCK NEWS

Welcome to our dedicated news page for Greif (Ticker: GEF), a resource for investors and traders seeking the latest updates and insights on Greif.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Greif's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Greif's position in the market.

News
Greif Prepares For Opening of New Manufacturing Facility in Dallas, Texas
Rhea-AI Summary
Greif, Inc. (NYSE: GEF, GEF.B) is preparing to open a new bulk corrugated manufacturing facility in Dallas, Texas, expanding its capacity and creating opportunities in the South and Southwest regions of the United States and Mexico. The state-of-the-art facility will focus on producing triple wall sheets and jumbo boxes for industrial and agricultural industries, equipped with highly automated machinery to meet customer demands efficiently.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
none
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News
Greif Named 2024 Gallup Exceptional Workplace Award Winner
Rhea-AI Summary
Greif, Inc. (GEF) receives the 2024 Gallup Exceptional Workplace Award for its highly engaged workforce and performance-oriented culture. The company emphasizes safety, inclusion, respect, and empowerment, setting a new global standard in workplace thriving.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.69%
Tags
none
-
News
Greif Completes Acquisition of Ipackchem
Rhea-AI Summary
Greif, Inc. completes the acquisition of Ipackchem Group SAS, adding new capabilities and market opportunities. The $538 million transaction is expected to drive incremental benefits, support future growth, and capture $7 million of synergies. The acquisition is set to be immediately accretive to EBITDA margins.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.45%
Tags
acquisition
News
Greif Reports First Quarter 2024 Results
Rhea-AI Summary
Greif, Inc. announced its first quarter 2024 results, showing a decrease in net income but an increase in adjusted net income. Adjusted EBITDA decreased, while net cash provided by operating activities and adjusted free cash flow also declined. Total debt and net debt increased, impacting the leverage ratio. The CEO highlighted solid financial results amidst a challenging environment and progress in their Build to Last mission. The company aims for a CSI score above 95.0 and introduced a new customer digital portal. A partnership with Ionkraft for innovative packaging solutions was also announced.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.74%
Tags
earnings
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News
Greif, Inc. Declares Quarterly Dividend
Rhea-AI Summary
Greif, Inc. (GEF) declares quarterly cash dividends of $0.52 per share for Class A Common Stock and $0.78 per share for Class B Common Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
dividends
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News
Greif, Inc. Announces 2024 First Quarter Earnings Release and Conference Call Dates
Rhea-AI Summary
Greif, Inc. (GEF) will report its 2024 first quarter financial results on February 28, 2024, followed by a conference call on February 29, 2024. The call will include management's live remarks and a question and answer session. Participants can access the call using an online registration link and a digital replay will be available on the company's website. Greif is a global leader in industrial packaging products and services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
earnings
News
Greif Announces New Partnership with the Columbus Blue Jackets NHL Franchise
Rhea-AI Summary
Greif, Inc. (GEF) announces a new corporate partnership with the Columbus Blue Jackets NHL franchise, including a fundraising platform for the Blue Jackets Foundation. The partnership aims to support educational, health, and social services initiatives, introducing the Greif Blocked Shots Platform to raise funds for the Foundation. Greif will donate $5 for every blocked shot during Blue Jackets games. The partnership also includes support for the Power Play Challenge program to combat childhood obesity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
Tags
partnership
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News
Greif and IonKraft Announce New Pilot-Project Partnership to Revolutionize Industrial Packaging  
Rhea-AI Summary
Greif, a world leader in industrial packaging products and services (NYSE: GEF, GEF.B), has announced a new pilot-project partnership with IonKraft, a barrier technology company specializing in plasma-based coatings. The collaboration aims to revolutionize the challenges of recyclability and sustainability in plastic jerrycan packaging that requires an additional barrier solution. IonKraft has developed a game-changing coating that utilizes a plasma-enhanced vapor deposition process to create a strong barrier that is non-reactive, chemically inert, and 100% recyclable. This partnership underscores Greif's commitment to providing innovative and sustainable packaging solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
partnership
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News
Greif Announces Price Increase for Uncoated Recycled Paperboard (URB), Tube and Core and Protective Packaging Products
Rhea-AI Summary
Greif, Inc. (NYSE: GEF, GEF.B) announced a $40 to $70 per short ton increase for all grades of uncoated recycled paperboard and a minimum 6.0 percent increase on all tube and core and protective packaging products. The URB price increase is in response to increased raw material, energy, labor, and transportation costs, as well as maintenance expenses and increasing demand across the Greif paperboard network. The tube and core and protective packaging products price increase is a consequence of the URB price increase, the primary raw material contained in those products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.36%
Tags
none
News
Greif Reports Fourth Quarter and Fiscal 2023 Results
Rhea-AI Summary
Greif, Inc. (NYSE: GEF, GEF.B) announced its fourth quarter and fiscal 2023 results, including a decrease in net income, adjusted EBITDA, net cash provided by operating activities, and adjusted free cash flow. The fiscal year also saw a decrease in net income, adjusted EBITDA, net cash provided by operating activities, and adjusted free cash flow, as well as an increase in total debt and net debt. The company's leverage ratio also increased. Greif completed the acquisition of Reliance Products, Ltd. and signed a definitive agreement to acquire Ipackchem Group SAS. The CEO expressed pride in the team's performance in the face of market headwinds and highlighted the second-best year in Greif's history for recorded Adjusted EBITDA and Adjusted Free Cash Flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.34%
Tags
earnings
Stock GEF logo
Greif Inc

NYSE:GEF

GEF Rankings

#1406 Ranked by Market Cap
#2247 Ranked by Stock Gains
#1027 Ranked by Dividends

GEF Stock Data

3.03B
27.55M
4.91%
85.25%
1.1%
Metal Can Manufacturing
Manufacturing
Link
US
Delaware

About GEF

greif is a world leader in industrial packaging products and services. we produce steel, plastic, fibre, flexible, corrugated and multiwall containers, intermediate bulk containers, containerboard and packaging accessories, and provide blending, filling, packaging and industrial packaging reconditioning services for a wide range of industries. we also manage timber properties in north america. we are strategically positioned in more than 50 countries to serve global as well as regional customers.