Latest news with #GEF
Yahoo
14 hours ago
- Business
- Yahoo
Greif Earnings Beat Estimates in Q2, Revenues Increase 1% Y/Y
Greif, Inc. GEF reported adjusted earnings per share of $1.19 for second-quarter fiscal 2025, beating the Zacks Consensus Estimate of $1.08. The bottom line improved 43.4% year over one-time items, EPS was $1.22 in the quarter compared with $1.15 in the prior-year quarter. Revenues moved up 1.1% year over year to $1.39 billion. However, the top line missed the Zacks Consensus Estimate of $1.43 billion. (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.)The cost of sales rose 3.7% year over year to $1.07 billion. Gross profit amounted to $319.5 million, increasing 18.3% from the prior-year quarter. The gross margin came in at 23.1%, up from last year's 19.7%.Selling, general and administrative expenses were $173 million compared with the prior-year quarter's $167 million. Adjusted EBITDA rose 26% year over year to $214 million in the fiscal second quarter. The adjusted EBITDA margin was 15.4% compared with 12.4% in the year-ago quarter. Greif, Inc. price-consensus-eps-surprise-chart | Greif, Inc. Quote The company completed its previously announced business model optimization. Starting the first quarter of fiscal 2025, it is reporting results under four new in the Customized Polymer Solutions segment were $329 million, higher than the prior-year quarter's $286 million on contributions from recent acquisitions. Our model projected revenues of $351 million for the quarter. The segment's adjusted EBITDA amounted to $53 million compared with the year-ago quarter's $34.9 million. The reported figure beat our estimate of $39 Durable Metal Solutions segment's revenues fell 8.4% year over year to $379 million in the fiscal second quarter due to lower average selling prices. The figure missed our estimated revenues of $386 million. The segment's adjusted EBITDAwas $63.7 million, lower than the prior-year quarter's $64.5 million. We projected the segment's adjusted EBITDA to be $64 Sustainable Fiber Solutions segment's revenues grew 3.3% year over year to $599 million in the fiscal second quarter due to higher published containerboard and boxboard prices. The figure beat our estimated revenues of $561 million. The segment's adjusted EBITDA rose to $79.5 million from the prior-year quarter's $49.5 million. We projected the segment's adjusted EBITDA to be $58.5 Integrated Solutions segment's revenues totaled $78 million in the reported quarter compared with $92 million in the year-ago quarter. We projected the segment's revenues to be $67 million in the quarter. Adjusted EBITDA was $17.3 million compared with the year-earlier quarter's $20.8 million. Our projection for the quarter's adjusted EBITDA was $21 million. GEF reported cash and cash equivalents of $253 million at the end of second-quarter fiscal 2025 compared with $198 million at the end of fiscal 2024. Cash generated from operating activities totaled $136 million in the quarter under review compared with $87.5 million in the prior-year debt was $2.29 billion as of April 30, 2025, compared with $2.63 billion as of Oct. 31, June 2, Greif's board announced a quarterly cash dividend of 54 cents per share of Class A Common Stock and 81 cents per share of Class B Common Stock. The dividend will be paid out on July 1, 2025, to its shareholders of record at the close of business as of June 17, 2025. Greif expects the low end of the fiscal 2025 adjusted free cash flow to be $280 million. The low end of adjusted EBITDA is anticipated to be $725 million, up from the previously announced $710 million. The company's shares have lost 9.5% in a year compared with the industry's 8.4% decline. Image Source: Zacks Investment Research Greif currently carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Amcor Plc AMCR reported third-quarter fiscal 2025 (ended March 31, 2025) adjusted earnings per share of 18 cents, in line with the Zacks Consensus Estimate and the year-ago quarter's reported revenues dipped 2.3% year over year to $3.33 billion. The top line missed the Zacks Consensus Estimate of $3.49 SON came out with quarterly earnings of $1.38 per share, missing the Zacks Consensus Estimate of $1.39. The bottom line was 23% higher than earnings of $1.12 in the year-ago posted revenues of $1.71 billion for the quarter, missing the consensus estimate of $2.11 billion. This compares with year-ago revenues of $1.64 Corporation of America PKG reported adjusted earnings per share of $2.31 in the first quarter of 2025, beating the Zacks Consensus Estimate of $2.21. The bottom line increased 34% year over year. The figure was above the company's guidance of $ Corp's revenues in the first quarter rose 8.2% year over year to $2.141 billion. PKG's top line surpassed the Zacks Consensus Estimate of $2.140 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sonoco Products Company (SON) : Free Stock Analysis Report Packaging Corporation of America (PKG) : Free Stock Analysis Report Greif, Inc. (GEF) : Free Stock Analysis Report Amcor PLC (AMCR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Washington Post
2 days ago
- Business
- Washington Post
Greif: Fiscal Q2 Earnings Snapshot
DELAWARE, Ohio — DELAWARE, Ohio — Greif Inc. (GEF) on Wednesday reported fiscal second-quarter profit of $47.3 million. The Delaware, Ohio-based company said it had profit of 82 cents per share. Earnings, adjusted for restructuring costs and asset impairment costs, came to $1.19 per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
Yahoo
2 days ago
- Business
- Yahoo
Greif: Fiscal Q2 Earnings Snapshot
DELAWARE, Ohio (AP) — DELAWARE, Ohio (AP) — Greif Inc. (GEF) on Wednesday reported fiscal second-quarter profit of $47.3 million. The Delaware, Ohio-based company said it had profit of 82 cents per share. Earnings, adjusted for restructuring costs and asset impairment costs, came to $1.19 per share. The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share. The industrial packaging company posted revenue of $1.39 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.43 billion. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on GEF at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mid East Info
08-05-2025
- Business
- Mid East Info
Beyond Expo 2025 Expands Global Influence With Groundbreaking Partnership With Asian Family Legacy Foundation And Greenwich Economic Forum
Strengthening Asia's Position in the Global Wealth and Investment Landscape BEYOND Expo, Asia's premier platform for technology and innovation, is proud to announce the BEYOND Wealth Summit 2025, co-hosted with the Asian Family Legacy Foundation (AFLF) and, for the first time, in partnership with Greenwich Economic Forum (GEF). This exclusive, invitation-only summit will take place on May 23-24, 2025, during BEYOND Expo 2025 (May 21-24) at The Venetian Macao Cotai Expo, bringing together 300+ global families, institutions, innovators, industry leaders and more. As the largest technology and innovation ecosystem expo in Asia, BEYOND Expo serves as a strategic bridge between Asia and the world, fostering dialogue among institutional investors, entrepreneurs, and BEYOND Wealth Summit, launched in 2024 as a collaboration between BEYOND Expo and the Asian Family Legacy Foundation (AFLF), has quickly become Asia's most exclusive platform for family offices, institutional investors, and financial leaders to exchange insights on multigenerational wealth, investment strategies, and the evolving global financial landscape. Building on its success, this year's edition marks a new milestone, expanding the event's international influence through a collaboration with Greenwich Economic Forum (GEF), one of the world's most influential conferences for the global private markets and alternative investment industry. GEF has welcomed some of the world's most influential LPs and family offices over the years, including Dalio Family Office and Philanthropies, Hong Kong Monetary Authority, Abu Dhabi Investment Authority, Australian Retirement Trust, HESTA (Australia), Tamasek, TIAA, GE Pension, IBM Retirement Trust, Rockefeller Foundation, Blue Pool Capital, Cornerstone Group Family Office, Quilvest (France), Declaration Partners, Howard Family Office, and The Li Family Office. Alongside its impressive roster of participating investors, GEF has hosted world-renowned speakers, including Ray Dalio, Founder and CIO Mentor of Bridgewater Associates; Alan Greenspan, Chairman of US Federal Reserve (1987-2006); Eddie Yue, Chief Executive of the Hong Kong Monetary Authority (HKMA); Michael Spence, Nobel Laureate Economist; Nouriel Roubini, Economist and Professor at NYU Stern; Cathie Wood, Founder, CEO and CIO of ARK Invest; David Rubenstein, Co-Founder & Co-Chairman of The Carlyle Group, and many others. The BEYOND Wealth Summit 2025 will provide a high-level platform for institutional investors, family offices, policymakers, and financial executives to discuss the evolving landscape of wealth and investment in Asia and beyond. The forum will feature expert panels, keynote speeches, and exclusive networking opportunities covering: The Future of Family Wealth Institutional Investing & Market Outlook Frontier Technology & Cutting-edge Innovation Global Asset Allocation Sustainable Impact and collaborative philanthropy Industry Spotlights Jason Ho, Co-founder of BEYOND Expo, stated, 'BEYOND Expo is a platform from Asia and for Asia — to create a global stage where the world can see the region's immense potential. Our partnership with AFLF has already strengthened the family office ecosystem, and now, with GEF joining us, we are elevating the dialogue on wealth and investment in Asia to an unprecedented level.' Dr. Gang Lu, Co-founder of BEYOND Expo, added, 'Wealth creation and preservation are evolving rapidly, and through this partnership, we are curating discussions that will define the next generation of investment strategies. BEYOND Expo continues to be the place where global leaders and decision-makers come together to drive impactful change.' Michael Zhu, Chair of the Board of Directors at the Asian Family Legacy Foundation, commented, 'Our collaboration with BEYOND Expo has catalyzed a powerful dialogue on wealth, legacy, and investment in Asia and BEYOND Wealth Summit has quickly established itself as a must-attend event for global leading families, and we are thrilled to build upon this success in 2025 with even deeper insights and broader participation.' Jim Aiello, Co-founder of GEF, remarked, 'At the Greenwich Economic Forum, we are fortune to have been able to bring together over the years many of world's top investors, managers, policymakers, economists and other thought leaders, and we are excited to continue expanding our community to Macao. The collaboration with BEYOND Expo and Asian Family Legacy Foundation this year in Macao is a wonderful moment, helping offer access to the region's most dynamic investment opportunities and a strategic gateway for global capital flows.' Last year, the BEYOND Wealth Summit brought together over 150 global family offices to explore global asset allocation, frontier tech investments, and multigenerational wealth through expert panels, keynote speeches, and interactive breakout sessions. With the continued collaboration of Asian Family Legacy Foundation and the addition of GEF, the 2025 edition is set to attract an even more prominent international audience. In addition, BEYOND Expo 2025 offers exclusive summits and events tailored for investors and GPs alike throughout the expo period, from May 21-24, including the Global Investment Summit, Investor Lounge, Gala Dinner, Charity Poker Night, and the new BEYOND Global Charity Golf Tournament, which combines high-level networking with meaningful cause. These exclusive events provide a platform for GPs and investors to engage with industry experts, network with peers, and explore new investment opportunities. To register for the BEYOND Wealth Summit 2025: View the full schedule of BEYOND Wealth Summit speakers and events, and to request an invitation, please visit: To register for the Investor Pass at BEYOND Expo 2025 – GPs and investors: Secure your Investor Pass now to take advantage of the early-bird offer. Don't miss this opportunity to connect and network with peers, LPs, and the broader tech and innovation community. Book your pass at The BEYOND International Technology Innovation Expo (BEYOND Expo) is Asia's leading annual technology event. Serving as a dynamic platform since 2021, BEYOND Expo not only showcases global technological innovations but also provides a unique opportunity to foster innovation upgrades across diverse industries and regions. BEYOND Expo has attracted participation from Asia's Fortune 500 companies, multinational corporations, unicorn companies, and emerging startups. Through a multifaceted approach involving expos, summits, and various activities, BEYOND Expo has successfully cultivated an innovative ecosystem, propelling collective development in the Asia-Pacific region and the global technology innovation industry. Established in Hong Kong, the Asian Family Legacy Foundation is focused on fostering a circle of trust for world's distinguished families. We facilitate meaningful dialogues to navigate the complexities of wealth and legacy, fostering impactful connections. Our mission is to deepen family bonds and instill a sense of shared legacy through giving back, with a commitment to integrity, responsibility, and innovation. We aim to blend tradition with modernity, creating a lasting family legacy that contributes to a rich cultural and societal future. About Greenwich Economic Forum
The Hindu
22-04-2025
- Science
- The Hindu
M.S. Ramaiah Memorial Lecture held in Bengaluru
Ramaiah Institute of Technology (RIT), to mark the 103rd birth anniversary of Dr. M.S. Ramaiah, hosted the Dr. M.S. Ramaiah Memorial Lecture on Monday, April 21. The event gathered dignitaries, academicians, and members of the Gokula Education Foundation (GEF) to honour the founder's contributions to education and national development. V. Narayanan, Secretary, Department of Space and Chairman, ISRO, delivered the memorial lecture titled 'Indian Space Programme – Pride of the Nation: Past Success, Present Efforts and Future Endeavours.' He discussed the Indian space programme, key milestones such as the Chandrayaan missions, and future goals focused on innovation, sustainability, and collaboration. M.R. Jayaram, Chairman of GEF (Medical) and Chancellor of RUAS, spoke on the progress since independence and the role of Ramaiah institutions. M.R. Seetharam, Chairman of GEF, delivered the presidential address, highlighting the foundation's ongoing work. The programme included GEF Trustees who paid tribute to Dr. Ramaiah's vision. The lecture reflected the founder's mission to promote education, discipline, and self-reliance. The event ended with a vote of thanks to all participants.
