Welcome to our dedicated page for Greif news (Ticker: GEF), a resource for investors and traders seeking the latest updates and insights on Greif stock.
Greif Inc (NYSE: GEF) is a global industrial packaging leader providing steel, plastic, and fiber containers, containerboard solutions, and integrated supply chain services across 50+ countries. This news hub delivers official updates directly impacting the company's market position, financial performance, and strategic direction in the $120B+ global packaging industry.
Investors and industry professionals access curated press releases covering earnings announcements, facility expansions, sustainability initiatives, and partnership developments. Our aggregation ensures timely updates on operational milestones including acquisitions, product innovations, and leadership changes that shape Greif's role in industrial packaging and containerboard markets.
Key content categories include quarterly financial results, ESG progress reports, manufacturing technology upgrades, and regulatory filings. This resource eliminates information fragmentation by centralizing material developments affecting GEF's valuation and competitive positioning within rigid packaging and bulk container segments.
Bookmark this page for streamlined tracking of Greif's operational execution against industry benchmarks. Combine these verified updates with SEC filings and earnings call transcripts available through Stock Titan's financial research suite for comprehensive analysis.
Greif, Inc. (NYSE: GEF, GEF.B) reported impressive third-quarter 2022 results, with net income rising to $141.8 million ($2.36 per share) from $113.0 million ($1.89 per share) year-over-year. Adjusted EBITDA of $251.0 million increased by $13.2 million, while net cash from operating activities surged by $114.4 million to reach $209.3 million. The company’s total debt decreased by $208.9 million, improving its leverage ratio to 1.99x. A $150 million share repurchase program was initiated, and the Board declared quarterly dividends of $0.50 for Class A and $0.75 for Class B shares, payable on October 1, 2022.
Greif, Inc. (NYSE: GEF, GEF.B) announced the election of Roel Vestjens to its Board of Directors on August 31, 2022. Vestjens, current President and CEO of Belden Inc., brings extensive experience in global leadership roles across sales, marketing, operations, and general management. His appointment is expected to enhance the Board's expertise and bring valuable insights to Greif. The company aims to be the best performing customer service company globally, specializing in industrial packaging products and services across over 35 countries.
Greif, Inc. (NYSE: GEF, GEF.B) announced a quarterly cash dividend of $0.50 for Class A Common Stock and $0.75 for Class B Common Stock, marking an 8.7% increase from previous dividends. The dividends are payable on October 1, 2022, to stockholders of record by September 16, 2022. This increase reflects Greif's commitment to shareholder value, complemented by a recent share repurchase program. The company aims to enhance recurring dividends while maintaining strong operational performance in the industrial packaging sector.
Greif, Inc. (NYSE: GEF, GEF.B) announced it will release its 2022 third quarter financial results on August 31, 2022, after market close. A conference call will follow on September 1, 2022, at 8:30 a.m. ET, allowing management to discuss results and answer questions. Participants can register for the call online and will receive confirmation details via email. Greif, a leader in industrial packaging, operates in over 35 countries and provides a diverse range of products and services, including steel, plastic, and fiber drums.
Greif, a leader in industrial packaging, announced a $150 million share repurchase program, including a $75 million accelerated share repurchase (ASR) agreement with Bank of America. This will initially buy back approximately 1 million Class A shares. The remaining shares will be repurchased via open market purchases over 12 to 18 months, showing the company's commitment to returning cash to shareholders. CEO Ole Rosgaard emphasized confidence in Greif's stock value and its long-term strategy during this announcement.
Greif, Inc. (NYSE: GEF, GEF.B) announced the details for its Investor Day on June 23, 2022, which will be held at Convene, New York City. The event will kick off at 8:30 am EDT and conclude by 11:30 am EDT, featuring a presentation on the company’s Build to Last strategy by CEO Ole Rosgaard. CFO Larry Hilsheimer will discuss Greif's financial position and business segments. The event will be available for live streaming, and a replay will be accessible post-event. For more details, visit Greif’s investor website.
Greif, Inc. (NYSE: GEF, GEF.B) reported its second quarter 2022 results, revealing a net income of $125.1 million ($2.09 per diluted Class A share), down from $149.8 million ($2.51 per diluted Class A share) a year earlier, affected by a prior year timberland sale gain. Adjusted EBITDA increased to $251.0 million, up $74.4 million from last year. The company's debt decreased by $213.5 million to $2.1 billion, with a leverage ratio improvement to 2.12x. Additionally, quarterly dividends of $0.46 and $0.69 for Class A and Class B shares were declared, payable on July 1, 2022.
Greif, Inc. (NYSE: GEF, GEF.B) has announced quarterly cash dividends of $0.46 per share for Class A Common Stock and $0.69 for Class B Common Stock. The dividends are set to be paid on July 1, 2022, to stockholders on record as of June 17, 2022. This move reflects Greif's commitment to return value to its shareholders while maintaining its operational strategy as a leader in industrial packaging.
FAQ
What is the current stock price of Greif (GEF)?
What is the market cap of Greif (GEF)?
