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Greif Inc - GEF STOCK NEWS

Welcome to our dedicated news page for Greif (Ticker: GEF), a resource for investors and traders seeking the latest updates and insights on Greif.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Greif's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Greif's position in the market.

Rhea-AI Summary
Greif, Inc. plans to acquire I PACKCHEM Group SAS in a cash transaction valued at $538 million. IPACKCHEM is a global leader in premium barrier and non-barrier jerrycans and small plastic containers. The acquisition is expected to be immediately accretive to EBITDA margins and free cash flow. Estimated synergies of $7 million are expected within 18 months of ownership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
acquisition
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News
Rhea-AI Summary
Greif, Inc. plans to acquire IPACKCHEM Group SAS, a global leader in premium barrier and non-barrier jerrycans and small plastic containers, in a cash transaction valued at $538 million. IPACKCHEM generated sales of approximately $235 million and adjusted EBITDA of approximately $57 million in the last twelve months. The acquisition is expected to be completed by the end of the second quarter of Greif's 2024 fiscal year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
acquisition
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Rhea-AI Summary
Greif, Inc. to report 2023 Q4 financial results and hold conference call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.35%
Tags
earnings
Rhea-AI Summary
Greif, Inc. acquires Reliance Products, Ltd., a leading producer of high-performance barrier and conventional blow molded jerrycans and small plastic containers in Canada. The all-cash transaction reflects approximately 6.75x proforma adjusted EBITDA. The acquisition adds geographic breadth and a new barrier technology to Greif's portfolio. The impact on go-forward operations will be discussed in the Q4 earnings call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.29%
Tags
acquisition
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Rhea-AI Summary
Greif, Inc. has acquired 51% of the ownership interest in ColePak, LLC in an all-cash transaction. ColePak is the second largest supplier of paper partitions in North America. The acquisition adds a new product offering to Greif's portfolio and is expected to contribute to its growth. The ColePak margin profile is immediately accretive to Greif's portfolio. The financial results of ColePak will be reported in Greif's Q4 2023 results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
partnership acquisition
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News
Rhea-AI Summary
Greif, Inc. announces third quarter 2023 results with net income of $90.3 million, a decrease compared to the same quarter last year. Gross profit decreased by $39.9 million. Adjusted EBITDA decreased by $24.5 million. Total debt increased by $112.8 million. The company acquired a 51% ownership interest in ColePak, LLC. The quarterly dividend per share increased by $0.02 for Class A shares and $0.03 for Class B shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
earnings
Rhea-AI Summary
Greif, Inc. to report 2023 Q3 financial results on August 30, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
Tags
earnings
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Rhea-AI Summary
Greif, Inc. announces Q2 2023 results with a decrease in net income and adjusted EBITDA compared to Q2 2022. Net cash provided by operating activities and adjusted free cash flow increased. Total debt and net debt increased. The CEO highlights the success of the Build to Last strategy. Greif attends Interpack and focuses on sustainability and colleague engagement. The company signs a new senior secured credit agreement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.06%
Tags
earnings
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News
Rhea-AI Summary
Greif, Inc. declares quarterly cash dividends of $0.50 per share on Class A Common Stock and $0.75 per share on Class B Common Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.86%
Tags
dividends
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
Tags
earnings
Greif Inc

NYSE:GEF

GEF Rankings

GEF Stock Data

3.25B
27.51M
5.09%
84.94%
0.89%
Metal Can Manufacturing
Manufacturing
Link
US
Delaware

About GEF

greif is a world leader in industrial packaging products and services. we produce steel, plastic, fibre, flexible, corrugated and multiwall containers, intermediate bulk containers, containerboard and packaging accessories, and provide blending, filling, packaging and industrial packaging reconditioning services for a wide range of industries. we also manage timber properties in north america. we are strategically positioned in more than 50 countries to serve global as well as regional customers.