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Greif, Inc. - GEF STOCK NEWS

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. (GEF) is a global leader in industrial packaging products and services, with a history dating back to 1877. The company specializes in the production of a wide range of packaging solutions including steel, plastic, and fiber drums, intermediate bulk containers, and flexible products. Greif also manufactures containerboard, corrugated sheets, and a diverse array of specialty products.

Headquartered in Delaware, Ohio, Greif's operations are strategically positioned in over 35 countries, enabling the company to effectively serve both global and regional customers. Greif's three main business segments are Global Industrial Packaging, Paper Packaging and Services, and Land Management. These segments allow the company to address various market needs, from packaging and logistics to timber property management in North America.

In recent developments, Greif has partnered with IonKraft to explore innovative plasma-based coating technology aimed at improving the recyclability of industrial plastic packaging. Additionally, the company's new facility in Dallas, Texas, is set to expand its bulk corrugated business, bolstering its capacity to meet customer demands across the South and Southwest regions of the United States and Mexico.

Greif is also deeply committed to community initiatives and corporate social responsibility. The company has a longstanding tradition of supporting charitable organizations focused on education, health, and social services. Through collaborations such as the Greif Blocked Shots Platform, Greif is actively contributing to the well-being of communities in Central Ohio.

Financially, Greif continues to demonstrate robust performance. The company is scheduled to report its second-quarter financial results for 2024 on June 5, 2024, with a conference call to discuss the results the following day. The company remains focused on its vision to be the best-performing customer service company in the world, providing durable and sustainable packaging solutions across various industries.

News

Greif Announces New Partnership with the Columbus Blue Jackets NHL Franchise

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Greif, Inc. (GEF) announces a new corporate partnership with the Columbus Blue Jackets NHL franchise, including a fundraising platform for the Blue Jackets Foundation. The partnership aims to support educational, health, and social services initiatives, introducing the Greif Blocked Shots Platform to raise funds for the Foundation. Greif will donate $5 for every blocked shot during Blue Jackets games. The partnership also includes support for the Power Play Challenge program to combat childhood obesity.
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Greif and IonKraft Announce New Pilot-Project Partnership to Revolutionize Industrial Packaging  

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Greif, a world leader in industrial packaging products and services (NYSE: GEF, GEF.B), has announced a new pilot-project partnership with IonKraft, a barrier technology company specializing in plasma-based coatings. The collaboration aims to revolutionize the challenges of recyclability and sustainability in plastic jerrycan packaging that requires an additional barrier solution. IonKraft has developed a game-changing coating that utilizes a plasma-enhanced vapor deposition process to create a strong barrier that is non-reactive, chemically inert, and 100% recyclable. This partnership underscores Greif's commitment to providing innovative and sustainable packaging solutions.
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Greif Announces Price Increase for Uncoated Recycled Paperboard (URB), Tube and Core and Protective Packaging Products

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Greif, Inc. (NYSE: GEF, GEF.B) announced a $40 to $70 per short ton increase for all grades of uncoated recycled paperboard and a minimum 6.0 percent increase on all tube and core and protective packaging products. The URB price increase is in response to increased raw material, energy, labor, and transportation costs, as well as maintenance expenses and increasing demand across the Greif paperboard network. The tube and core and protective packaging products price increase is a consequence of the URB price increase, the primary raw material contained in those products.
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Greif Reports Fourth Quarter and Fiscal 2023 Results

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Greif, Inc. (NYSE: GEF, GEF.B) announced its fourth quarter and fiscal 2023 results, including a decrease in net income, adjusted EBITDA, net cash provided by operating activities, and adjusted free cash flow. The fiscal year also saw a decrease in net income, adjusted EBITDA, net cash provided by operating activities, and adjusted free cash flow, as well as an increase in total debt and net debt. The company's leverage ratio also increased. Greif completed the acquisition of Reliance Products, Ltd. and signed a definitive agreement to acquire Ipackchem Group SAS. The CEO expressed pride in the team's performance in the face of market headwinds and highlighted the second-best year in Greif's history for recorded Adjusted EBITDA and Adjusted Free Cash Flow.
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Greif, Inc. Declares Quarterly Dividend

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Greif, Inc. (NYSE: GEF, GEF.B) declares quarterly cash dividends of $0.52 per share on its Class A Common Stock and $0.77 per share on its Class B Common Stock. The dividends are payable on January 1, 2024, to stockholders of record at the close of business on December 18, 2023.
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Greif, Inc. Attends Baird Global Industrial Conference; Reaffirms Fiscal Year 2023 Guidance

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Greif, Inc. (NYSE: GEF, GEF.B) reaffirms fiscal 2023 guidance of Adjusted EBITDA of $790-820 million, attributing performance to in-line expectations for Paper Packaging & Services and Global Industrial Packaging. GIP volumes remained soft with no positive inflections through October, while PPS experienced continued volume weakness and rising costs. Q4 financial results will be reported on December 6, 2023, with a conference call on December 7, 2023.
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CORRECTION - Greif Plans to Acquire IPACKCHEM

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Greif, Inc. plans to acquire I PACKCHEM Group SAS in a cash transaction valued at $538 million. IPACKCHEM is a global leader in premium barrier and non-barrier jerrycans and small plastic containers. The acquisition is expected to be immediately accretive to EBITDA margins and free cash flow. Estimated synergies of $7 million are expected within 18 months of ownership.
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Greif Plans to Acquire IPACKCHEM

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Greif, Inc. plans to acquire IPACKCHEM Group SAS, a global leader in premium barrier and non-barrier jerrycans and small plastic containers, in a cash transaction valued at $538 million. IPACKCHEM generated sales of approximately $235 million and adjusted EBITDA of approximately $57 million in the last twelve months. The acquisition is expected to be completed by the end of the second quarter of Greif's 2024 fiscal year.
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Greif, Inc. Announces 2023 Fourth Quarter Earnings Release and Conference Call Dates

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Greif, Inc. to report 2023 Q4 financial results and hold conference call
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Greif Inc. Acquires Reliance Products Ltd.

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Greif, Inc. acquires Reliance Products, Ltd., a leading producer of high-performance barrier and conventional blow molded jerrycans and small plastic containers in Canada. The all-cash transaction reflects approximately 6.75x proforma adjusted EBITDA. The acquisition adds geographic breadth and a new barrier technology to Greif's portfolio. The impact on go-forward operations will be discussed in the Q4 earnings call.
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FAQ

What is the current stock price of Greif (GEF)?

The current stock price of Greif (GEF) is $60.32 as of December 20, 2024.

What is the market cap of Greif (GEF)?

The market cap of Greif (GEF) is approximately 3.5B.

What does Greif, Inc. specialize in?

Greif, Inc. specializes in industrial packaging products and services, including steel, plastic, and fiber drums, intermediate bulk containers, and flexible products.

In how many countries does Greif operate?

Greif operates in over 35 countries, serving both global and regional customers.

What are the main business segments of Greif?

The main business segments of Greif are Global Industrial Packaging, Paper Packaging and Services, and Land Management.

What recent partnership has Greif entered into?

Greif has partnered with IonKraft to explore plasma-based coating technology aimed at improving the recyclability of industrial plastic packaging.

What is the purpose of the new facility in Dallas, Texas?

The new facility in Dallas, Texas, aims to expand Greif's capacity in the bulk corrugated business, serving the South and Southwest regions of the United States and Mexico.

What community initiatives is Greif involved in?

Greif supports various community initiatives, including the Greif Blocked Shots Platform, which raises funds for education, health, and social services in Central Ohio.

When will Greif report its second-quarter financial results for 2024?

Greif will report its second-quarter financial results for 2024 on June 5, 2024, with a conference call scheduled for June 6, 2024.

What types of products does Greif manufacture?

Greif manufactures steel, plastic, and fiber drums, intermediate bulk containers, flexible products, containerboard, corrugated sheets, and various specialty products.

How does Greif contribute to sustainability?

Greif contributes to sustainability through innovative solutions like the IonKraft plasma-based coating technology, aimed at improving the recyclability of plastic packaging.

Where is Greif headquartered?

Greif is headquartered in Delaware, Ohio.

Stock GEF logo
Greif, Inc.

NYSE:GEF

GEF Rankings

#1531 Ranked by Market Cap
#877 Ranked by Dividends

GEF Stock Data

3.52B
29.74M
4.9%
86.84%
1.2%
Packaging & Containers
Metal Shipping Barrels, Drums, Kegs & Pails
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United States of America
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