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 |
|---|---|---|---|
| 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 |
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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
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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, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, today announced first quarter 2024 results. First Quarter Financial Highlights include (all results compared to the first quarter of 2023 unless otherwise noted): Net income of $67.2 million or $1.17 per diluted Class A share decreased compared to net income of $89.9 million or $1.54 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $72.8 million or $1.27 per diluted Class A share increased compared to net income, excluding the impact of adjustments, of $61.9 million or $1.06 per diluted Class A share.Adjusted EB
DELAWARE, Ohio, Feb. 26, 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 April 1, 2024, to stockholders of record at the close of business on March 18, 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, Feb. 05, 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 first quarter financial results after the market closes on Wednesday, February 28, 2024. A conference call will be held on Thursday, February 29, 2024 at 8:30 a.m. ET to discuss the quarter results. Greif will provide conference call slides in combination with its first quarter earnings press release on February 28, 2024. The call on February 29, 2024 will include management's live remarks and a question and answer session. Participants may access the call using the following online registration
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
DELAWARE, Ohio, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, announced the opening of its new facility in Pasir Gudang, Johor, Malaysia. This significant milestone marks a new chapter in Greif's commitment to delivering high-quality packaging solutions while contributing to the local economy. The company's new facility in Pasir Gudang manufactures Intermediate Bulk Containers (IBCs), which are used in various industries such as food, chemicals, lubricants, flavors, and fragrances. Greif's reputation for excellence is highlighted by its ISO 9001:2015 certification, which reflects Greif's stringent quality
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, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))) , a global leader in industrial packaging products and services, announced that Andy Rose, President and CEO of Worthington Enterprises, has been elected to its Board of Directors. "We are thrilled to welcome Andy to the Board," said Bruce Edwards, Greif's Non-Executive Chairman. "Andy brings a wealth of experience in the manufacturing and distribution industries, as well as a proven track record of leading and growing successful businesses. His expertise will be invaluable as we execute our strategic plan and continue to drive growth for Greif." Mr. Rose has over 30 years of experience in the manufacturing
DELAWARE, Ohio, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE:GEF, GEF.B))), a global leader in industrial packaging products and services, today announced it has sold Delta Petroleum Company, Inc. ("Delta"), a North American filling and logistics services business, to PSC Group LLC, a North American leader in product handling, site logistics, railcar repair, and sustainability services for the petrochemical, refining, and marine industries. "We are happy to have worked with the PSC Group in a transaction that brings value to both parties," said Ole Rosgaard, President and Chief Executive Officer of Greif. "While Delta is a solid business that exemplifies our Legendary Customer Se
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
Raymond James analyst Matt Roberts initiates coverage on Greif (NYSE:GEF) with a Market Perform rating.
Truist Securities analyst Michael Roxland maintains Greif (NYSE:GEF) with a Hold and lowers the price target from $71 to $69.
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for Accenture plc (NYSE:ACN) from $379 to $320. Piper Sandler analyst Arvind Ramnani maintained a Neutral rating. Accenture shares gained 1.5% to close at $286.71 on Friday. See how other analysts view this stock. Goldman Sachs raised the price target for Toll Brothers, Inc. (NYSE:TOL) from $112 to $124. Goldman Sachs analyst Susan Maklari upgraded the stock from Sell to Neutral. Toll Brothers shares fell 1.2% to close at $119.32 on Friday. See how other analysts
B of A Securities analyst George Staphos upgrades Greif (NYSE:GEF) from Neutral to Buy and raises the price target from $76 to $77.
Greif, Inc. (NYSE:GEF) reported mixed results for its second quarter on Thursday. Greif posted adjusted earnings of 82 cents per share, missing market estimates of 85 cents per share. The company's quarterly sales came in at $1.371 billion versus expectations of $1.300 billion, according to data from Benzinga Pro. “We are excited to present another quarter of solid progress on our Build to Last Strategy, including completing our Ipackchem acquisition and achieving multiple other milestones on our Build to Last missions,” stated Ole Rosgaard, Chief Executive Officer of Greif. “These missions, enabled by operating excellence, are structurally improving our operating efficiency, creating
Wells Fargo analyst Gabe Hajde maintains Greif (NYSE:GEF) with a Overweight and raises the price target from $78 to $80.
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