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. reported first-quarter 2023 results, showcasing net income of $89.9 million or $1.54 per diluted Class A share, a substantial increase from $10.3 million or $0.18 per share in Q1 2022. However, net income excluding adjustments fell to $61.9 million from $75.6 million. Adjusted EBITDA was $164.5 million, down $32.3 million. Operating cash flow rose to $32.9 million, while total debt decreased by $67.5 million to $2.229 billion. Greif has completed the acquisition of Lee Container and plans to increase its stake in Centurion Container. The net sales for Global Industrial Packaging and Paper Packaging decreased significantly, indicating challenges in customer demand.
Greif, Inc. (NYSE: GEF, GEF.B) announces significant leadership changes as
On February 28, 2023, Greif, Inc. (NYSE: GEF, GEF.B) announced its Board of Directors declared quarterly cash dividends of $0.50 per share on Class A Common Stock and $0.75 on Class B Common Stock. The dividends are payable on April 1, 2023, to stockholders of record by the close of business on March 17, 2023. Greif operates globally in over 35 countries, providing a wide range of industrial packaging solutions and services.
Greif, Inc. (NYSE: GEF, GEF.B) announced its 2023 first quarter financial results will be released after market close on March 1, 2023. A conference call is scheduled for March 2, 2023, at 8:30 a.m. ET to discuss the results, featuring management remarks and a question and answer session. Conference call slides will accompany the earnings press release. Participants can register online to access the call and receive a confirmation with dial-in details. Greif is a leading provider of industrial packaging products and services, operating in over 35 countries.
Greif, Inc. (NYSE: GEF, GEF.B) announced the receipt of two prestigious awards recognizing its commitment to sustainability and corporate social responsibility. The company achieved an 'A-' rating for climate change from CDP, placing it in the 'Leadership' category. Additionally, Greif was named one of America's Most Responsible Companies by Newsweek for the fourth consecutive year. These accolades highlight Greif's dedication to reducing greenhouse gas emissions and managing environmental risks while adhering to best practices.
Greif announced the completion of its $300 million acquisition of Lee Container, enhancing its industrial packaging portfolio. The deal is expected to generate at least $6 million in synergies over the next 24 months. Lee Container will contribute positively to Greif's margins, cash flow, and earnings, with immediate diversification benefits. This strategic acquisition aligns with Greif's M&A strategy and aims to enhance growth in less cyclical markets.
Greif, Inc. (NYSE: GEF, GEF.B) announced its fourth quarter and fiscal year 2022 results, showcasing a net income of $99.5 million ($1.67/share) in Q4 and $376.7 million ($6.30/share) for the full year. Adjusted EBITDA increased to $218.7 million in Q4 and $917.5 million for the year. The company reported an increase in net cash provided by operating activities to $286.6 million in Q4 and $657.5 million for the year. Total debt decreased by $309.5 million, improving the leverage ratio to 1.73x. Greif also announced the acquisition of Lee Container Corporation for $300 million.
Greif, Inc. (NYSE: GEF, GEF.B) announced a quarterly cash dividend of $0.50 per share on its Class A Common Stock and $0.74 per share on Class B Common Stock. These dividends are set to be paid on January 1, 2023, to stockholders on record as of December 16, 2022. This announcement underscores Greif's commitment to returning value to shareholders while maintaining its position as a leader in industrial packaging products and services.
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