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, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging, has declared increased quarterly cash dividends of $0.54 per share on Class A Common Stock and $0.81 per share on Class B Common Stock. The dividends are payable on October 1, 2024, to stockholders of record as of September 16, 2024.
CFO Larry Hilsheimer emphasized that this increase aligns with Greif's disciplined capital allocation framework, promoting strong cash conversion and steadily increasing shareholder returns. The company's Build to Last Strategy has demonstrated the ability to raise dividend yields while investing in long-term growth.
Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, has elected Andy Rose to its Board of Directors. Rose, currently the President and CEO of Worthington Enterprises, brings over 30 years of experience in manufacturing, distribution, and financial services industries. His appointment is expected to contribute valuable expertise as Greif executes its strategic plan and aims for growth.
Rose's career includes roles at Worthington Industries, MCG Capital , Peachtree Equity Partners, and Wachovia Capital Associates. He holds an MBA from Duke University and a bachelor's degree from the University of North Carolina. Rose also serves on the board of OhioHealth and is a member of The Ohio Business Roundtable and the Columbus Partnership.
Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging, has announced the sale of Delta Petroleum Company, Inc. to PSC Group Delta, a North American filling and logistics services business, was sold as part of Greif's strategic realignment. CEO Ole Rosgaard stated that while Delta is a solid business, it no longer aligns with Greif's core growth strategy of expanding into resin-based industrial products serving higher-growth and less cyclical end markets.
The transaction is expected to bring value to both parties, with the sale proceeds to be used to accelerate Greif's strategic vision. This move reflects Greif's focus on optimizing its portfolio and aligning with its long-term growth objectives in the industrial packaging sector.
Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, has announced the release date for its 2024 third quarter financial results. The company will report its earnings after market close on Wednesday, August 28, 2024, followed by a conference call on Thursday, August 29, 2024, at 8:30 a.m. ET.
Participants can access the call through an online registration link, which will provide dial-in details and a unique conference code. Greif will also provide conference call slides alongside its earnings press release. A digital replay of the call will be available on the company's investor relations website two hours after the call concludes.
Greif operates globally with over 14,000 employees across more than 250 facilities in 37 countries, serving both global and regional customers in various industries.
Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging, has announced its 2024 Investor Day to be held on December 11, 2024 in New York City. The event will feature presentations by CEO Ole Rosgaard, CFO Larry Hilsheimer, and the Executive Leadership Team.
Key highlights include:
- In-depth review of Greif's Build to Last strategy
- Discussion on value creation through the service profit chain
- Showcase of the Greif Business System's impact on company performance
- Q&A sessions with executives
A live webcast will be available, with presentation materials posted on the morning of the event. Formal invitations and registration details will be sent in the coming months.
Greif (NYSE: GEF), a leading industrial packaging company, announced a minimum 6% price increase on all tube and core and protective packaging products. This price adjustment will take effect on shipments starting July 15, 2024. The increase is driven by the higher costs of URB, the primary raw material used in these products.
Greif announced its fiscal second quarter 2024 results, highlighting a significant decline in financial performance compared to Q2 2023. Net income dropped 60.1% to $44.4 million, and adjusted EBITDA decreased by 25.7% to $169.9 million. Net cash from operating activities fell by $123.3 million to $87.5 million. Total debt rose by $626.9 million, largely due to the acquisition of Ipackchem, increasing the leverage ratio to 3.44x. Notably, Global Industrial Packaging saw a rise in net sales by $56.6 million, while Paper Packaging & Services experienced a slight increase of $6.0 million in net sales but a significant drop in gross profit by $45.4 million. Despite these challenges, Greif plans strategic initiatives and will host an Investor Day in New York City on December 11, 2024, to discuss future plans.
Greif (NYSE: GEF) announced a price increase for all grades of uncoated recycled paperboard (URB) by $50 to $70 per short ton. This change will take effect for new orders and shipments starting July 8, 2024. The price adjustment is driven by rising costs in raw materials, energy, labor, and transportation, along with growing demand for URB products.
Greif (NYSE: GEF, GEF.B) has appointed Jillian Evanko to its Board of Directors. Evanko, currently the President and CEO of Chart Industries (NYSE: GTLS), brings over 25 years of experience in the manufacturing and industrial sectors. She has held executive roles at Dover , Arthur Andersen, Honeywell, and Sony. Evanko holds an MBA from The University of Notre Dame and a BS in Business Administration from La Salle University. She has received multiple awards for her leadership, including the 2023 EY Entrepreneur of the Year Southeastern Finalist and the 2020 S&P Global Platts Energy Award for Chief Trailblazer. Greif's Chairman, Bruce Edwards, emphasized her proven track record in driving growth and profitability as key assets for the company's strategic goals.
Greif, a leader in industrial packaging, has declared a quarterly cash dividend of $0.52 per share for its Class A Common Stock and $0.78 per share for its Class B Common Stock. The dividends will be payable on July 1, 2024, to shareholders of record as of June 18, 2024. Greif, headquartered in Delaware, Ohio, operates over 250 facilities in 37 countries and employs more than 14,000 people.
The company offers a diverse range of packaging products and services, including steel, plastic, and fiber drums, intermediate bulk containers, containerboard, corrugated sheets, and more. Greif also manages timber properties in the southeastern United States.
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