Greif (GEF) Tops Q1 EPS by 8c; Updates FY16 EPS Outlook
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Greif Reports First Quarter 2016 Results
March 7, 2016 6:47 AM ESTDELAWARE, Ohio--(BUSINESS WIRE)-- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, announced first quarter 2016 results. Pete Watson, President and Chief Executive Officer, stated We are pleased to report improved first quarter results. Our gross profit margin expanded significantly versus a year ago led by our Rigid Industrial Packaging business, despite challenging market conditions impacting our Paper Packaging business. While we have much more to accomplish, we are confident in our strategy to create value for both our customers and shareholders.
Highlights for the first quarter 2016 include:
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