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, GEF.B) regularly issues news and updates as a global leader in industrial and performance packaging. Founded in 1877 and located in 40 countries, the company uses its news releases to describe developments across its Customized Polymer, Sustainable Fiber, Durable Metal and Integrated Solutions areas, as well as broader corporate actions.
Investors and followers of GEF news will see recurring announcements about quarterly and annual earnings results, including details on net income, Adjusted EBITDA, Adjusted free cash flow, net debt and leverage ratio. These earnings releases often discuss performance drivers in each segment, such as volumes, selling prices, product mix, raw material and manufacturing costs, and foreign currency translation impacts.
Greif also uses its news flow to highlight strategic portfolio moves. Recent press releases describe the agreement to divest, and subsequent completion of the sale of, its containerboard business to Packaging Corporation of America, as well as the agreement to sell and completion of the sale of its timberlands business to Molpus Woodlands Group. These items are framed in the context of capital efficiency, return on invested capital, debt reduction and portfolio shaping.
Other GEF news items include declarations of quarterly cash dividends on Class A and Class B shares, updates on cost optimization initiatives, guidance ranges for Adjusted EBITDA and Adjusted free cash flow, and leadership changes such as the appointment of a new Senior Vice President, General Counsel and Corporate Secretary. The company also announces the dates and access details for its earnings conference calls, including slide availability and replay information.
For readers tracking GEF news, this stream of earnings updates, dividend declarations, portfolio transactions and governance developments provides ongoing insight into how Greif manages its industrial and performance packaging business and communicates with shareholders.
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.
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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.
Greif, Inc. (NYSE: GEF, GEF.B) will release its Q2 2022 financial results on June 8, 2022, after market close, followed by a conference call on June 9, 2022, at 8:30 a.m. ET. This event will include management remarks and a Q&A session. Interested participants can register online to receive dial-in details. Greif, a leader in industrial packaging, aims for superior customer service and operates in over 35 countries, providing a range of packaging products and services. More information is available on their official website.
Greif, Inc. (NYSE: GEF, GEF.B) announced a $50 per ton price increase for all grades of uncoated recycled paperboard (URB) and coated recycled paperboard (CRB). This increase, effective June 6, 2022, is attributed to rising costs in transportation, energy, labor, and raw materials amid strong demand in the Greif paperboard network. The company continues to adapt to inflationary pressures while aiming to enhance its service offerings across over 35 countries.