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) is a global industrial packaging leader providing steel, plastic, and fiber containers, containerboard solutions, and integrated supply chain services across 50+ countries. This news hub delivers official updates directly impacting the company's market position, financial performance, and strategic direction in the $120B+ global packaging industry.
Investors and industry professionals access curated press releases covering earnings announcements, facility expansions, sustainability initiatives, and partnership developments. Our aggregation ensures timely updates on operational milestones including acquisitions, product innovations, and leadership changes that shape Greif's role in industrial packaging and containerboard markets.
Key content categories include quarterly financial results, ESG progress reports, manufacturing technology upgrades, and regulatory filings. This resource eliminates information fragmentation by centralizing material developments affecting GEF's valuation and competitive positioning within rigid packaging and bulk container segments.
Bookmark this page for streamlined tracking of Greif's operational execution against industry benchmarks. Combine these verified updates with SEC filings and earnings call transcripts available through Stock Titan's financial research suite for comprehensive analysis.
Greif (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, has announced its quarterly dividend declaration. The company's Board of Directors has declared a quarterly cash dividend of $0.54 per share for Class A Common Stock and $0.81 per share for Class B Common Stock. These dividends will be paid on April 1, 2025, to stockholders of record as of March 17, 2025.
The company operates globally with over 14,000 employees across more than 250 facilities in 37 countries. Greif's product portfolio includes steel, plastic and fiber drums, intermediate bulk containers, reconditioned containers, containerboard, corrugated products, uncoated and coated recycled paperboard, and specialty products. They also manage timber properties in the southeastern United States.
Greif Inc (NYSE: GEF, GEF.B) has announced it will release its 2025 first quarter financial results after market close on Wednesday, February 26, 2025. The company will host a conference call on Thursday, February 27, 2025, at 8:30 a.m. ET to discuss the results.
The conference call will feature management's prepared remarks and a Q&A session. Conference call slides will be provided alongside the earnings release. Participants must register online to receive dial-in details and a unique conference code. Phone lines will open at 8:00 a.m. ET on February 27. A digital replay will be available two hours after the call on the company's investor website.
Greif is a global leader in industrial packaging products and services with over 14,000 employees across more than 250 facilities in 37 countries.
Greif (NYSE: GEF), a global industrial packaging company, announced the permanent closure of two production facilities. The company will cease operations of the Number 1 Paperboard Machine (A1) in Austell, GA, and close its containerboard and uncoated recycled paperboard (URB) mill in Fitchburg, MA. These strategic actions will impact approximately 140 positions and reduce the company's containerboard capacity by 100,000 tons and URB capacity by 90,000 tons.
The closure of A1, a non-integrated URB asset, is attributed to increased costs and declining demand in furniture, books, and binders markets. The Fitchburg mill closure decision was driven by high operating costs and required significant capital investment. Production will cease at A1 by the end of March 2025 and at Fitchburg by May 2025. The company will provide severance benefits and outplacement assistance to affected employees.
Greif Inc. (NYSE: GEF, GEF.B) is hosting its 2024 Investor Day in New York City on December 11, 2024, from 8:30 a.m. to 12:00 p.m. ET. The event features CEO Ole Rosgaard, CFO Larry Hilsheimer, and the Executive Leadership Team presenting an in-depth review of the company's Build to Last strategy and future growth plans. The event focuses on demonstrating how Greif is accelerating growth, profitability, and business resiliency. A live video webcast and presentation materials are available through a special Investor Day microsite, with a replay accessible on the Investor Relations webpage within 24 hours after the event.
Greif (NYSE: GEF, GEF.B) has unveiled ModCan™, a new modular packaging solution, at the Pack-Expo conference in Chicago. The innovative system features wedge-shaped components designed to fit inside a Greif 55-gallon drum, enabling safe shipment of multiple materials, chemicals, or waste components simultaneously without contamination risks.
The solution aims to optimize shipping efficiency by reducing the number of required shipments and enhancing safety by eliminating the need for material transfers. ModCan is particularly suitable for waste applications in specialty manufacturing, semiconductor operations, clean rooms, laboratories, and pharmaceutical production. The product was developed in collaboration with a chemical industry partner and is currently available in North America.
Greif Inc (NYSE: GEF) has issued a correction to its Fourth Quarter and Fiscal Year 2024 earnings release. The company revised its Q4 2024 net income, excluding adjustments, to $65.5 million from the previously reported $49.6 million. The correction was due to an error in the income tax expense related to '(gain) loss on disposal of businesses, net' which was incorrectly stated as $16.0 million.
The corrected Class A diluted earnings per share, excluding adjustments, is now $1.13, up from the previously reported $0.85. The revised earnings release was issued on December 4, 2024, at 10:59 PM ET, including updated financial schedules and corresponding text changes.
Greif reported Q4 and fiscal 2024 results with mixed performance. Q4 net income decreased 6.5% to $63.4 million ($1.08 per Class A share), while adjusted net income fell 29.3% to $65.5 million ($1.13 per Class A share). Q4 Adjusted EBITDA declined 2% to $197.6 million.
For fiscal 2024, net income dropped 27% to $262.1 million ($4.52 per Class A share), and Adjusted EBITDA decreased 15.6% to $694.2 million. The company's leverage ratio increased to 3.53x from 2.2x year-over-year.
The company announced a $100 million cost optimization initiative and will reorganize into four new reportable segments starting Q1 2025: Customized Polymer Solutions, Durable Metal Solutions, Sustainable Fiber Solutions, and Integrated Solutions.
Greif reported Q4 and fiscal 2024 results showing mixed performance. Q4 net income decreased 6.5% to $63.4 million ($1.08 per Class A share), while adjusted net income fell 46.4% to $49.6 million. Q4 Adjusted EBITDA declined 2% to $197.6 million.
For fiscal 2024, net income dropped 27% to $262.1 million, with Adjusted EBITDA decreasing 15.6% to $694.2 million. Total debt increased by $525.5 million to $2,740.6 million, with leverage ratio rising to 3.53x.
The company announced a $100 million cost optimization initiative and will reorganize into four new reportable segments starting Q1 2025. For fiscal 2025, Greif provided low-end guidance of $675 million in Adjusted EBITDA and $225 million in adjusted free cash flow.
Greif Inc (NYSE: GEF, GEF.B) has declared its quarterly cash dividends, with $0.54 per share for Class A Common Stock and $0.80 per share for Class B Common Stock. The dividends will be paid on January 1, 2025, to stockholders of record as of December 16, 2024.
Greif is a global industrial packaging company with over 14,000 employees across more than 250 facilities in 37 countries. The company produces various packaging solutions including steel, plastic and fibre drums, intermediate bulk containers, containerboard, and specialty products. They also manage timber properties in the southeastern United States.
Greif (NYSE: GEF) has announced it will release its 2024 fourth quarter financial results after market close on Wednesday, December 4, 2024. The company will host a conference call on Thursday, December 5, 2024, at 8:30 a.m. ET to discuss the results. The call will feature management's prepared remarks and a Q&A session. Conference call slides will be provided alongside the earnings release. Participants can register online to receive dial-in details, with phone lines opening at 8:00 a.m. ET. A digital replay will be available two hours after the call on the company's investor website.
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