Greif Inc (NYSE: GEF) reported Q3 EPS of $1.93, $0.40 better than the analyst estimate of $1.53. Revenue for the quarter came in at $1.49 billion versus the consensus estimate of $1.37 billion.

"The Greif team delivered an exceptional third quarter," said Pete Watson, Greif's President and Chief Executive Officer. "In addition to strong operating results, we achieved record financial performance, reduced our debt and made meaningful progress towards achieving our targeted leverage ratio. While we continue to face significant inflationary conditions, COVID-19 related constraints and labor availability challenges, our underlying end markets are strong and we are executing with discipline to offset challenges and deliver on our commitments. Looking ahead, Greif is well positioned for success as we continue to partner closely with our customers and drive enhanced value creation for our shareholders."

GUIDANCE:

Greif Inc sees FY2021 EPS of $5.10-$5.30, versus the consensus of $4.63.

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