Greif Class A ( (GEF) ) has provided an announcement.
Greif, Inc. reported a significant decrease in net income for the fiscal first quarter of 2025, primarily due to a non-recurring income tax benefit in the previous year. Despite this, the company saw an increase in adjusted EBITDA and announced strategic actions including the divestment of timberland and closure of certain facilities to optimize costs. These actions are part of Greif’s efforts to manage current industrial challenges while aligning its portfolio for long-term growth, as highlighted by CEO Ole Rosgaard.
More about Greif Class A
Greif, Inc., based in Delaware, Ohio, is a global leader in industrial packaging products and services. The company focuses on providing customized polymer solutions, durable metal solutions, sustainable fiber solutions, and integrated solutions, catering to a wide range of industries.
YTD Price Performance: -5.36%
Average Trading Volume: 184,264
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.77B
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