Greif Reports Strong Second Quarter 2021 Results; Reintroduces Fiscal 2021 Earnings Guidance
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Greif Inc (GEF) Tops Q2 EPS by 7c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
June 9, 2021 4:19 PM EDTGreif Inc (NYSE: GEF) reported Q2 EPS of $1.13, $0.07 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.26 billion.
Second Quarter Financial Highlights include (all results compared to the second quarter of 2020 unless otherwise noted)(1):
Net income of $149.8 million or $2.51 per diluted Class A share increased compared to net income of $11.4 million or $0.19 per diluted Class A share. Net income, excluding the impact of adjustments(2), of $67.3 million or $1.13 per diluted Class A share increased compared to net... More