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. reports developments in global industrial and performance packaging, including quarterly results, product pricing, dividends and portfolio changes. The company operates packaging businesses organized around Customized Polymer, Sustainable Fiber, Durable Metal and Innovative Closure Solutions, with products and services that include drums, intermediate bulk containers, recycled paperboard, tubes and cores, protective packaging, closures, accessories and related packaging services.
Recurring Greif news also covers Class A and Class B common stock dividends, earnings conference calls, segment presentation changes and the completed divestiture of the containerboard business, including the CorrChoice sheet feeder system, which is treated as discontinued operations in company reporting.
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.
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Greif, Inc. (NYSE: GEF, GEF.B) has finalized the divestiture of its Flexible Packaging joint venture (FPS) for $123 million to Gulf Refined Packaging. This strategic move aligns with Greif's Build to Last Strategy and aims to enhance financial strength through debt repayment. The transaction is expected to positively influence Greif's earnings guidance for Fiscal 2022. CEO Ole Rosgaard expressed gratitude to FPS employees and emphasized the importance of this divestiture for the company's future.