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 quarterly cash dividends of $0.44 per share for Class A Common Stock and $0.65 per share for Class B Common Stock, payable on January 1, 2021. Shareholders on record by December 18, 2020 will receive the dividends. Greif is a leader in industrial packaging, producing a wide range of products and services across over 40 countries, aiming to enhance customer service.
Greif, Inc. (NYSE: GEF, GEF.B) announced a new $225 million delayed draw term loan with a maturity date in 2026, aimed at refinancing existing senior notes. The loan will likely have an initial interest rate of approximately 2.5% per annum, expected to remain under 3% at maturity. Greif's Vice President stated that this financing enhances the company's financial flexibility. The term loan will be drawn in July 2021 to refinance Euro 200 million senior notes due that month, marking a significant step in Greif's financial strategy.
Greif, Inc. (NYSE: GEF, GEF.B) is set to announce its 2020 fourth-quarter financial results after market close on December 9, 2020. A conference call will follow on December 10, 2020, at 8:30 a.m. ET, which will include management remarks and a Q&A session. Participants can register via an online link, with phone lines opening at 8:00 a.m. ET on the call date. Greif specializes in industrial packaging, providing a range of products and services across over 40 countries.
Greif, Inc. (NYSE: GEF, GEF.B) has announced a $50 per ton price increase for all grades of uncoated recycled paperboard (URB), effective from November 9, 2020. This decision is driven by rising costs in transportation, insurance, labor, and chemicals, alongside a shifting supply-demand balance within the company's paperboard network. Greif is a leader in industrial packaging solutions, producing a range of products across more than 40 countries.
Greif, Inc. (NYSE: GEF, GEF.B) has achieved a Gold Rating in sustainability performance from EcoVadis for the third consecutive year, placing it in the top three percent of evaluated suppliers. EcoVadis assesses over 65,000 suppliers based on 21 CSR criteria across four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. Greif's President, Pete Watson, emphasized the company’s strong commitment to sustainability, which is integral to its business strategy. This acknowledgment highlights Greif’s ongoing efforts to enhance its sustainability practices.
Greif, a leader in industrial packaging, reported its Q3 2020 results, revealing a net income of $20.7 million ($0.35 per diluted Class A share), significantly down from $62.7 million ($1.06 per share) a year earlier. Adjusted EBITDA fell by $44.4 million to $159.4 million, with net cash from operations decreasing to $135 million. Total debt decreased by $240.9 million, reflecting improved working capital and cost discipline. Guidance was reintroduced for FY 2020, with expectations of continued uncertainty due to COVID-19's impact on markets.
Greif, Inc. (NYSE: GEF, GEF.B) has declared its quarterly cash dividends of $0.44 per share for Class A Common Stock and $0.66 for Class B Common Stock. These dividends will be payable on October 1, 2020, to stockholders of record as of September 17, 2020. Greif is known for its industrial packaging products and services and operates in over 40 countries. The company continues to pursue its vision of being the best customer service company in industrial packaging.
Greif, Inc. (NYSE: GEF, GEF.B) will report its 2020 third quarter financial results on August 26, 2020, after market close. A conference call is scheduled for August 27, 2020, at 8:30 a.m. ET, where management will discuss the results and engage in a Q&A session. Interested participants can register online for the call. Conference call slides will be provided alongside the earnings press release, and a digital replay will be available shortly after the call concludes.