Greif Reports Third Quarter 2020 Results

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Go back to Greif Reports Third Quarter 2020 Results

Greif Inc (GEF) Reports In-Line Q3 EPS, Revenues Miss; Offers FY20 EPS Guidance Below Consensus

August 26, 2020 4:36 PM EDT

Greif Inc (NYSE: GEF) reported Q3 EPS of $0.85, in-line with the analyst estimate of $0.85. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $1.13 billion.

Third Quarter Highlights include (all results compared to the third quarter of 2019 unless otherwise noted):

Net income of $20.7 million or $0.35 per diluted Class A share decreased compared to net income of $62.7 million or $1.06 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $50.1 million... More