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GEF Faces Earnings Per Share Drop Amid Revenue Increase

Navigating Declining EPS and Rising Revenue: A Snapshot of Greif Inc*s Financial Performance


Published / Modified Jun 07 2024
Goran Soko / CSIMarket.com


Over the past 5 days, shares of Greif Inc have shown a modest increase of 0.6%, bringing the year-to-date performance to a decline of -1.62%. Additionally, the company's shares currently trade only 9.4% above its 52-week low.
These recent performance indicators provide valuable insights into the financial standing of Greif Inc.

In the most recent fiscal period, the company announced declining earnings per share (EPS) despite experiencing an increase in revenue.
Comparing the figures to the previous year, revenue rose by 4.684% to reach $1.37 billion, up from $1.31 billion.
However, EPS dropped significantly by -59.47% to $0.77 per share, compared to $1.90 per share in the second quarter of 2023.


Despite this decline, Greif Inc's business continued to grow at a higher rate than many of its counterparts in the Miscellaneous Fabricated Products sector.
In the second quarter of 2024, most companies in the industry experienced a business rise of 2.22% relative to the same period in 2023.
In the preceding reporting period, Greif Inc recorded a revenue of $1.21 billion and a bottom line of $1.17 per share.

In the interval between February and April 30, 2024, Greif Inc reported net profits of $52.000 million.
This figure represents a significant decrease of -55.17% from the corresponding period in the previous year,
where net profits reached $116.000 million.
During this interval, the company focused on improving sales, resulting in a net margin of 3.8%. Operating earnings also saw a decline of -45.83% to $98.1 million, which led to a reduced operating margin of 7.16%, down from 13.84% in the second quarter of 2023.

Greif Inc, a global leader in industrial packaging products and services, communicated its fiscal second quarter 2024 results on June 5, 2024.
Despite the decline in EPS, the company remains committed to its business growth and enhancing sales in order to improve its financial performance moving forward.



Greif Inc's Price to sales ratio PS

Greif Inc's Price to earnings ratio PE



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Greif, Inc. Declares Quarterly Dividends, Demonstrating Commitment to Shareholders* Success and Industry Competitiveness

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Greif, Inc. Declares Quarterly Dividend Amidst Strong Stock Performance and Positive Market Outlook

GEF Faces Earnings Per Share Drop Amid Revenue Increase

Greif Inc*s First Quarter 2024 Results Show Income Decline, Revenue Deterioration

Greif Inc. Shows Impressive Growth Amidst Challenging Fiscal Quarter

Greif Inc*s Shocking Plunge: Earnings and Revenue Plummet by Over 30% in Just Three Months

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Facing challenging business enviroment, with rather steep -14.744 %, Revenues decrease, the Greif Inc all along the November to January 31 2023 time-frame

In spite of the very strong Revenues EPS faded the company amid the financial second quarter of 2022

Impressive quarter by the GEF during the August to October 31 2021 three months



Other GEF's news

Greif, Inc. Continues to Prioritize Shareholders with Declaration of Quarterly Dividend; Strong Performance in the Industrial Packaging Sector Sets Company Apart from Peers

Greif Inc.: A Paragon of Workplace Excellence Amidst Resilient Financial Landscape.

Greif Inc. Completes Acquisition of Ipackchem, Expanding Its Global Packaging Services

Greif, Inc. Declares Quarterly Dividends, Demonstrating Commitment to Shareholders* Success and Industry Competitiveness

Greif Inc. Partners with Columbus Blue Jackets NHL Franchise, Reports Challenging Q3 Performance

Greif and IonKraft Pioneer Sustainable Industrial Packaging Despite Revenue Deterioration

Defying Odds: Greif Inc. Ups the Ante with Price Hike Amid Revenue Decline and Market Share Reset

Greif, Inc. Declares Quarterly Dividend Amidst Strong Stock Performance and Positive Market Outlook

GEF Faces Earnings Per Share Drop Amid Revenue Increase

Greif Inc*s First Quarter 2024 Results Show Income Decline, Revenue Deterioration

Greif Inc. Shows Impressive Growth Amidst Challenging Fiscal Quarter

Greif Inc*s Shocking Plunge: Earnings and Revenue Plummet by Over 30% in Just Three Months

Greif Inc Defies Expectations, Bounces Back Strong with 23.38% Growth Amidst Challenging Quarter

Facing challenging business enviroment, with rather steep -14.744 %, Revenues decrease, the Greif Inc all along the November to January 31 2023 time-frame

In spite of the very strong Revenues EPS faded the company amid the financial second quarter of 2022

Impressive quarter by the GEF during the August to October 31 2021 three months



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