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Last $28.77 USD
Change Today +0.89 / 3.19%
Volume 204.0K
As of 2:00 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

greif inc-cl a (GEF) Key Developments

Greif, Inc. Declares Third Quarter Cash Dividends on Its Class A Common Stock and $0.63 Per Share on Its Class B Common Stock, Payable on October 1, 2015

Greif, Inc. announced that its Board of Directors has declared quarterly cash dividends of $0.42 per share on its Class A Common Stock, and $0.63 per share on its Class B Common Stock. The dividends are payable on October 1, 2015, to shareholders of record at close of business on September 18, 2015.

Greif, Inc. Appoints DeeAnne Marlow as Senior Vice President, Human Resources

Greif, Inc. announced the appointment of DeeAnne Marlow as Senior Vice President, Human Resources. Marlow joins Greif as a member of the executive steering team reporting directly to Greif CEO David B. Fischer. Marlow joins Greif from global manufacturer Cummins Inc., where she oversaw a team of 140 HR professionals across five continents.

Greif, Inc.(NYSE:GEF) added to Russell 2000 Index

Greif, Inc. will be added to Russell 2000 Index

Greif, Inc.(NYSE:GEF) dropped from Russell 1000 Index

Greif, Inc. will be removed from Russell 1000 Index.

Greif, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2015; Provides Earnings Per Share Guidance for the Fiscal Year 2015

Greif, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended April 30, 2015. The company reported second quarter 2015 net income attributable to the corporation totaling $20.8 million, or $0.35 per diluted share compared to net income of $38.4 million or $0.65 per diluted share in the same period a year ago. On an adjusted basis EPS of $0.53 was down from $0.58 in second quarter of 2014. Total revenues of $915.9 million were down from $1.06 billion in the same period a year ago. The decrease in Net Sales were primarily due to the negative impact of foreign currency translation of 10.4%. Operating profit was $25.8 million for the second quarter of 2015 compared to $51.2 million for the second quarter of 2014. The decrease was primarily attributable to the negative impact of foreign currency translation, higher restructuring and non-cash asset impairment charges, and a loss on the sale of a business in North America. Operating profit excluding special items and the impact of divestitures was $49.4 million for the second quarter of 2015 versus $51.5 million for the second quarter of 2014. Operating profit before special items was $72.6 million against $71.9 million a year ago. EBITDA was $83.3 million against $116.3 million a year ago. Income before income tax expense and equity earnings of unconsolidated affiliates, net was $30.4 million against $56.5 million a year ago. Net income was $20.5 million against $37.1 million a year ago. Net cash provided by operating activities was $32.8 million against $103.7 million a year ago. Purchases of properties, plants and equipment were $30.6 million against $27.5 million a year ago. For the six months, the company reported net sales of $1,818.2 million against $2,067.0 million a year ago. Operating profit was $116.5 million against $150.5 million a year ago. Operating profit before special items was $114.9 million against $137.2 million a year ago. Income before income tax expense and equity earnings of unconsolidated affiliates, net was $76.1 million against $104.7 million a year ago. Net income was $48.7 million against $68.9 million a year ago. Net income attributable to the company was $50.9 million or $0.87 per class A and $1.29 per class B basic and diluted share against $69.1 million or $1.18 per class A and $1.76 per class B basic and diluted share a year ago. Net cash used in operating activities was $26.5 million against net cash provided by operating activities of $41.5 million a year ago. Purchases of properties, plants and equipment were $69.8 million against $62.0 million a year ago. Purchases of timber properties were $25.4 million against $33.7 million a year ago. Total EBITDA was $183.2 million against $224.1 million a year ago. Net debt as on April 30, 2015 was $1,148.7 million against $1,298.8 million as on April 30, 2014. For the fiscal 2015 adjusted class A earnings per share are now expected to be in the range of $1.65 to $1.75, 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.

 

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Industry Analysis

GEF

Industry Average

Valuation GEF Industry Range
Price/Earnings 18.2x
Price/Sales 0.3x
Price/Book 1.3x
Price/Cash Flow 9.8x
TEV/Sales NM Not Meaningful
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