Last $39.37 USD
Change Today -0.56 / -1.40%
Volume 303.1K
As of 8:04 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

greif inc-cl a (GEF) Key Developments

Greif, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended October 31, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Greif, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended October 31, 2014. For the quarter, the company reported net sales of $1,048.1 million against $1,094.2 million a year ago. This decrease was primarily due to the negative impact from foreign currency translation of 2.5%, a decrease in selling prices of 0.3% and a decrease in volumes of 1.4%. Income before income tax expense and equity earnings of unconsolidated affiliates, net was $14.3 million against $73.0 million a year ago. Operating profit was $37.5 million against $97.9 million a year ago. Net income attributable to the company was $8.7 million against $38.0 million a year ago. Basic and diluted earnings per share attributable to company’s common shareholders of class A common stock were $0.15 against $0.65 a year ago. Basic and diluted earnings per share attributable to company’s common shareholders of class B common stock were $0.22 against $0.97 a year ago. EBITDA was $73.0 million against $133.8 million a year ago. The $60.8 million decrease was primarily due to the same factors that impacted operating profit. Net cash provided by operating activities was $145.0 million against $131.6 million for the same period a year ago. Free cash flow was $194.7 million for the fourth quarter of 2014 compared with free cash flow of $98.8 million for the fourth quarter of 2013. The increase in free cash flow was due to the sale of select non-core assets and the improvement of cash generated by operations. For the year, the company reported net sales of $4,239.1 million against $4,219.9 million a year ago. Income before income tax expense and equity earnings of unconsolidated affiliates, net was $158.0 million against $243.4 million a year ago. Operating profit was $249.3 million against $341.6 million a year ago. Net income attributable to the company was $91.5 million against $144.7 million a year ago. Basic and diluted earnings per share attributable to company’s common shareholders of class A common stock were $1.56 against $2.47 a year ago. Basic and diluted earnings per share attributable to company’s common shareholders of class B common stock were $2.33 against $3.70 a year ago. EBITDA was $395.6 million against $486.1 million a year ago. Net cash provided by operating activities was $261.3 million against $250.3 million for the same period a year ago. Purchases of properties, plants and equipment and timber properties were $194.7 against $145.4 million a year ago. Net debt as on October 31, 2014 was $1,068.0 million against $1,203.2 million as on October 31, 2012. The company provided earnings guidance for the fiscal 2015. Fiscal 2015 adjusted Class A earnings per share is expected to be in the range of $2.25 to $2.35, excluding gains and losses on the sales of businesses, timberland and property, plant and equipment, and acquisition related costs, as well as restructuring and impairment charges.

Greif, Inc. announced delayed annual 10-K filing

On 12/30/2014, Greif, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Greif, Inc. - Analyst/Investor Day

To update on goals and specific initiatives

Greif, Inc. Provides Earnings and Impairment Guidance for the Fourth Quarter and Full Year Ended October 31, 2014

Greif, Inc. provided earnings and impairment guidance for the fourth quarter and full year ended October 31, 2014. For the fourth quarter of 2014, Greif expects to report net sales of $1,082 million, operating profit of $93 million (based on preliminary estimates, with operating profit decreasing in the event non-cash impairment charges increase) 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 the fiscal 2014, the company expects to report net sales of $4,378 million, operating profit of $298 million (based on preliminary estimates, with operating profit decreasing in the event non-cash impairment charges increase) and operating profit before special items of $341 million. For the fourth quarter, the company expects non-cash asset impairment charges of $19.5 million. For the fiscal 2014, the company expects non-cash asset impairment charges of $42.0 million.

Greif, Inc. Declares Fourth Quarter 2014 Dividends, Payable on January 1, 2015

The board of directors of Greif, Inc. declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.62 per share of Class B Common Stock. The dividends are payable on January 1, 2015 to shareholders of record at close of business on December 19, 2014.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
GEF:US $39.37 USD -0.56

GEF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Boise Cascade Co $41.09 USD +1.64
Cascades Inc C$7.87 CAD 0.00
Domtar Corp C$48.59 CAD 0.00
Silgan Holdings Inc $51.43 USD -0.63
SPX Corp $84.26 USD +1.56
View Industry Companies
 

Industry Analysis

GEF

Industry Average

Valuation GEF Industry Range
Price/Earnings 20.8x
Price/Sales 0.4x
Price/Book 1.7x
Price/Cash Flow 11.2x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact GREIF INC-CL A, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.