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) 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.