Greif, Inc. produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services. This segment sells its products to customers in the chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agricultural, pharmaceutical and minerals, and other industries. The Paper Packaging & Services segment provides containerboards, corrugated sheets, corrugated containers, and other corrugated and specialty products to customers in the packaging, automotive, food, and building products markets. This segment's corrugated container products are used to ship various products, such as home appliances, small machinery, grocery products, automotive components, books, and furniture, as well as various other applications. The Flexible Products & Services segment offers flexible intermediate bulk containers comprising polypropylene-based woven fabric, as well as related services to the agricultural, food, and other industries. The Land Management segment engages in harvesting and regeneration of timber properties; and sale of timberland and special use land. As of October 31, 2020, this segment owned approximately 244,000 acres of timber property in the southeastern United States. The company was formerly known as Greif Bros. Corporation and changed its name to Greif, Inc. in 2001. Greif, Inc. was founded in 1877 and is based in Delaware, Ohio.
IPO Year:
Exchange: NYSE
Website: greif.com
Date | Price Target | Rating | Analyst |
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11/20/2024 | $93.00 | Buy | Sidoti |
7/19/2024 | Mkt Perform | Raymond James | |
6/17/2024 | $76.00 → $77.00 | Neutral → Buy | BofA Securities |
4/18/2024 | $71.00 | Hold | Truist |
1/11/2024 | $64.00 → $75.00 | Equal Weight → Overweight | Wells Fargo |
7/10/2023 | Under Perform → Neutral | Boenning & Scattergood | |
10/31/2022 | $72.00 → $62.00 | Market Perform → Underperform | BMO Capital Markets |
10/13/2022 | $80.00 → $67.00 | Buy → Underperform | BofA Securities |
9/6/2022 | $52.00 → $70.00 | Underperform → Market Perform | BMO Capital Markets |
9/6/2022 | $79.00 → $71.00 | Overweight → Equal Weight | Wells Fargo |
DELAWARE, Ohio, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B)), a global leader in industrial packaging products and services, is hosting an Investor Day in New York City today, Wednesday, December 11, 2024, starting at 8:30 a.m. (ET). The event is expected to conclude at approximately 12:00 p.m. (ET). Ole Rosgaard, Chief Executive Officer, Larry Hilsheimer, Chief Financial Officer, and the Greif Executive Leadership Team will provide an in-depth review of the Company's Build to Last strategy and future growth plans. "Our entire leadership team is excited to meet with investors for this in-depth strategic review." said Ole Rosgaard, President and Chief Executive Officer
DELAWARE, Ohio, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B)), a global leader in industrial packaging products and services, announced at the Pack-Expo conference in Chicago the launch of ModCan™, an innovative modular packaging solution designed to improve efficiency and safety in shipping and storing dissimilar materials and waste. Using a unique wedge-shaped design, the modular components are engineered to fit precisely into a Greif 55-gallon drum, allowing multiple materials, chemicals, or waste components to be shipped together without fear of contamination or exposure. By optimizing the available space inside a single drum, ModCan reduces the number of shipments
DELAWARE, Ohio, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B)), has issued a revised earnings release to correct an error in the previously issued press release titled "Greif Reports Fourth Quarter and Fiscal 2024 Results" (the "Prior Earnings Release") issued on December 4, 2024 at 04:01 PM ET. In the Prior Earnings Release, the fourth quarter 2024 net income, excluding the impact of adjustments, incorrectly presented a $16.0 million income tax expense related to "(gain) loss on disposal of businesses, net." This resulted in stating net income, excluding the impact of adjustments, for the period of $49.6 million and diluted Class A earnings per share, excluding the impa
DELAWARE, Ohio, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Correction: Fourth quarter 2024 net income, excluding the impact of adjustments, revised to $65.5 million and 2024 Class A diluted earnings per share, excluding adjustments, revised to $1.13. In the earnings release issued earlier today, the fourth quarter 2024 net income, excluding the impact of adjustments, incorrectly presented a $16.0 million income tax expense related to "(gain) loss on disposal of businesses, net". This resulted in stating net income, excluding the impact of adjustments, for the period of $49.6 million and diluted Class A earnings per share, excluding adjustments, for the period of $0.85. The corrected net income, ex
DELAWARE, Ohio, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B)), a world leader in industrial packaging products and services, today announced fourth quarter and fiscal 2024 results. Fiscal Fourth Quarter 2024 Financial Highlights: (all results compared to the fourth quarter 2023 unless otherwise noted) Net income decreased 6.5% to $63.4 million or $1.08 per diluted Class A share compared to net income of $67.8 million or $1.16 per diluted Class A share. Net income, excluding the impact of adjustments(1), decreased 46.4% to $49.6 million or $0.85 per diluted Class A share compared to net income, excluding the impact of adjustments, of $92.6 million or $1.59 per d
DELAWARE, Ohio, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B)), a global leader in industrial packaging products and services, announced today that its Board of Directors has declared quarterly cash dividends of $0.54 per share on its Class A Common Stock, and $0.80 per share on its Class B Common Stock. Dividends are payable on January 1, 2025, to stockholders of record at the close of business on December 16, 2024. About Greif, Inc. Greif is a global leader in industrial packaging products and services and is pursuing its vision: be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk contai
DELAWARE, Ohio, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B)), a global leader in industrial packaging products and services, announced today it will report the company's 2024 fourth quarter financial results after the market closes on Wednesday, December 4, 2024. A conference call will be held on Thursday, December 5, 2024, at 8:30 a.m. ET to discuss the quarter results. Greif will provide conference call slides in combination with its third quarter earnings press release. The conference call will include management's prepared remarks and a question and answer session. Participants may access the call using the following online registration link. Registrants will rec
DELAWARE, Ohio, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, today announced that Vicki Avril-Groves will be retiring from the Greif Board of Directors effective November 1, 2024, due to personal reasons. She joined the Board in 2004 and has served on a variety of Board committees, including the Audit Committee as Chairperson for several years. "On behalf of the entire Board of Directors, I want to thank Vicki for her valuable insight and dedication to Greif over the past 20 years," said Bruce Edwards, Greif Board Chairman. "Vicki has provided valuable counsel and guidance helping the company grow and evo
DELAWARE, Ohio, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, today announced that it has been recognized as a Top 100 Most Loved Workplace for the fourth consecutive year by Newsweek. "We are honored to be recognized as one of Newsweek's Top 100 Most Loved Workplaces for the fourth consecutive year," said Ole Rosgaard, Greif President and Chief Executive Officer. "This recognition is a testament to our employees' dedication and commitment to creating a positive and inclusive work environment where everyone feels respected, inspired, and appreciated. I am proud of our entire team for their hard work and de
DELAWARE, Ohio, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today the signing of a virtual power purchase agreement (VPPA) with Endesa's renewal subsidiarity, Enel Green Power España (EGPE). The VPPA agreement signifies a critical advancement in Greif's long-term sustainability and climate goals, further reinforcing the company's commitment to reducing its environmental footprint. The solar VPPA is a significant step toward achieving Greif's climate target to reduce its Scope 1 and 2 greenhouse gas emissions by 28% by 2030, compared to a 2019 baseline. The renewable electricity generated by th
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DELAWARE, Ohio, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Correction: Fourth quarter 2024 net income, excluding the impact of adjustments, revised to $65.5 million and 2024 Class A diluted earnings per share, excluding adjustments, revised to $1.13. In the earnings release issued earlier today, the fourth quarter 2024 net income, excluding the impact of adjustments, incorrectly presented a $16.0 million income tax expense related to "(gain) loss on disposal of businesses, net". This resulted in stating net income, excluding the impact of adjustments, for the period of $49.6 million and diluted Class A earnings per share, excluding adjustments, for the period of $0.85. The corrected net income, ex
DELAWARE, Ohio, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B)), a world leader in industrial packaging products and services, today announced fourth quarter and fiscal 2024 results. Fiscal Fourth Quarter 2024 Financial Highlights: (all results compared to the fourth quarter 2023 unless otherwise noted) Net income decreased 6.5% to $63.4 million or $1.08 per diluted Class A share compared to net income of $67.8 million or $1.16 per diluted Class A share. Net income, excluding the impact of adjustments(1), decreased 46.4% to $49.6 million or $0.85 per diluted Class A share compared to net income, excluding the impact of adjustments, of $92.6 million or $1.59 per d
DELAWARE, Ohio, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B)), a global leader in industrial packaging products and services, announced today that its Board of Directors has declared quarterly cash dividends of $0.54 per share on its Class A Common Stock, and $0.80 per share on its Class B Common Stock. Dividends are payable on January 1, 2025, to stockholders of record at the close of business on December 16, 2024. About Greif, Inc. Greif is a global leader in industrial packaging products and services and is pursuing its vision: be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk contai
DELAWARE, Ohio, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B)), a global leader in industrial packaging products and services, announced today it will report the company's 2024 fourth quarter financial results after the market closes on Wednesday, December 4, 2024. A conference call will be held on Thursday, December 5, 2024, at 8:30 a.m. ET to discuss the quarter results. Greif will provide conference call slides in combination with its third quarter earnings press release. The conference call will include management's prepared remarks and a question and answer session. Participants may access the call using the following online registration link. Registrants will rec
DELAWARE, Ohio, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, today announced fiscal third quarter 2024 results. Fiscal Third Quarter 2024 Financial Highlights: (all results compared to the third quarter of 2023 unless otherwise noted) Net income decreased 3.5% to $87.1 million or $1.50 per diluted Class A share compared to net income of $90.3 million or $1.55 per diluted Class A share. Net income, excluding the impact of adjustments(1), decreased 41.6% to $59.6 million or $1.03 per diluted Class A share compared to net income, excluding the impact of adjustments, of $102.1 million or $1.75 per diluted Cl
DELAWARE, Ohio, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today that its Board of Directors has declared quarterly cash dividends of $0.54 per share on its Class A Common Stock, and $0.81 per share on its Class B Common Stock. "In-line with our disciplined capital allocation framework, which promotes strong cash conversion that ensures robust and steadily increasing shareholder return, our Board has once again raised our quarterly dividend," said Larry Hilsheimer, Greif's Executive Vice President and Chief Financial Officer. "Our dividend is a critical part of our value creation. Our executio
DELAWARE, Ohio, July 31, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today it will report the company's 2024 third quarter financial results after the market closes on Wednesday, August 28, 2024. A conference call will be held on Thursday, August 29, 2024, at 8:30 a.m. ET to discuss the quarter results. Greif will provide conference call slides in combination with its third quarter earnings press release. The conference call will include management's prepared remarks and a question and answer session. Participants may access the call using the following online registration link. Registrants will receiv
DELAWARE, Ohio, June 05, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, today announced fiscal second quarter 2024 results. Fiscal Second Quarter 2024 Financial Highlights: (all results compared to the second quarter of 2023 unless otherwise noted) Net income decreased 60.1% to $44.4 million or $0.77 per diluted Class A share compared to net income of $111.2 million or $1.90 per diluted Class A share. Net income, excluding the impact of adjustments(1), decreased 53.9% to $47.9 million or $0.82 per diluted Class A share compared to net income, excluding the impact of adjustments, of $103.8 million or $1.77 per dilut
DELAWARE, Ohio, June 03, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today that its Board of Directors has declared quarterly cash dividends of $0.52 per share on its Class A Common Stock, and $0.78 per share on its Class B Common Stock. The dividends are payable on July 1, 2024, to stockholders of record at the close of business on June 18, 2024. About Greif Greif is a global leader in industrial packaging products and services and is pursuing its vision: be the best performing customer service company in the world. The Company produces steel, plastic and fibre drums, intermediate bulk containers, r
DELAWARE, Ohio, April 30, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today it will report the company's 2024 second quarter financial results after the market closes on Wednesday, June 5, 2024. A conference call will be held on Thursday, June 6, 2024, at 8:30 a.m. ET to discuss the quarter results. Greif will provide conference call slides in combination with its second quarter earnings press release. The conference call will include management's prepared remarks and a question and answer session. Participants may access the call using the following online registration link. Registrants will receive a
DELAWARE, Ohio, June 03, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced today that Jillian (Jill) Evanko has been appointed to its Board of Directors. Ms. Evanko is President and Chief Executive Officer of Chart Industries, Inc. (NYSE:GTLS). "We are delighted to welcome Jill to the Greif Board of Directors," said Bruce Edwards, Chairman of the Greif Board of Directors. "Jill brings a wealth of experience in the manufacturing and industrial sectors, as well as a proven track record of driving growth and profitability. Her expertise will be invaluable as we continue to execute our strategic plan and delive
NEWARK, Ohio, May 21, 2024 (GLOBE NEWSWIRE) -- Park National Corporation's (NYSE:PRK) (Park) board of directors announced today that they elected Karen Morrison and Kelly Gratz to serve as directors effective July 1, 2024. Both will also join the board of directors of The Park National Bank, Park's banking subsidiary, effective on the same date. These elections expand Park's board to 16 directors, including one director emeritus. "Karen and Kelly bring wisdom and a variety of experiences to Park," said Park Chair and Chief Executive Officer David Trautman. "We're fortunate they are willing to offer their considerable talents to us as we continue to grow and find new ways to serve our stak
DELAWARE, Ohio, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a world leader in industrial packaging products and services, is excited to announce a new corporate partnership with the Columbus Blue Jackets National Hockey League (NHL) franchise through 2026. The partnership includes a new fundraising platform for the Blue Jackets Foundation, supporting their community initiatives, and contributing to the team's hockey-themed wellness curriculum. Founded in 1877, Greif has a longstanding tradition of supporting charitable organizations focused on education, health, and social services. This new collaboration introduces the Greif Blocked Shots Platform, aiming to raise
Sidoti initiated coverage of Greif with a rating of Buy and set a new price target of $93.00
Raymond James initiated coverage of Greif with a rating of Mkt Perform
BofA Securities upgraded Greif from Neutral to Buy and set a new price target of $77.00 from $76.00 previously
Truist initiated coverage of Greif with a rating of Hold and set a new price target of $71.00
Wells Fargo upgraded Greif from Equal Weight to Overweight and set a new price target of $75.00 from $64.00 previously
Boenning & Scattergood upgraded Greif from Under Perform to Neutral
BMO Capital Markets downgraded Greif from Market Perform to Underperform and set a new price target of $62.00 from $72.00 previously
BofA Securities downgraded Greif from Buy to Underperform and set a new price target of $67.00 from $80.00 previously
BMO Capital Markets upgraded Greif from Underperform to Market Perform and set a new price target of $70.00 from $52.00 previously
Wells Fargo downgraded Greif from Overweight to Equal Weight and set a new price target of $71.00 from $79.00 previously
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