Greif (GEF) Declares $0.42 Quarterly Dividend; 3.7% Yield
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Greif (GEF) Prelim. Q4 Revs Fall Short
December 10, 2014 4:49 PM ESTGreif (NYSE: GEF) announced preliminary select financial information for the fourth quarter and fiscal 2014.
For the fourth quarter of 2014, Greif expects to report net sales of $1,082 million (versus the consensus at $1.14 billion), operating profit of $93 million (based on preliminary estimates, with operating profit decreasing in the event non-cash impairment charges increase, as described below) and operating profit before special items of $118 million. Net sales before the effect of acquisitions, divestitures and currency fluctuations for the fourth quarter of 2014 remained flat compared to the fourth quarter 2013. For fiscal 2014, Greif expects to report net sales of $4,378... More
