$GEF (Greif, Inc.)

$GEF {{ '2016-06-09T13:17:52+0000' | timeago}} • Webcast

Justin Bergner from Gabelli asks about guidance and if the company is changing its underlying macro assumptions as it relates to global growth. $GEF said that on the global macro economic thing, it does not have a major influence on the guidance range. $GEF has a moderately improved path in the US, but that's recent.

$GEF {{ '2017-06-28T20:46:48+0000' | timeago}} • Announcement

$GEF announced highlights of its 2017 Investor Day. The highlights include a 2020 operating profit before special items range of $425-465MM, and a 2020 free cash flow range of $230-270MM. Also, the BoD authorized to repurchase up to 4MM shares of class A or class B common stock or any combination of the foregoing.

$GEF {{ '2017-06-08T14:21:00+0000' | timeago}} • Webcast

$GEF said that on the guidance of $215MM of free cash flow in 2H17, which is higher than the past six years of cash flow for second half, the company said it has also guided for improved earnings in 2H17. Therefore, the company expects its operating profit going up significantly in 2H17 and expects to turn that to cash.

$GEF {{ '2017-06-08T13:50:05+0000' | timeago}} • Webcast

$GEF commented that on footprint optimization in Germany, the company has finished with the plant closure in 3Q17. Subsequently the company is going to evaluate the market and its ability to meet customers needs at the right levels.

$GEF {{ '2017-06-08T13:03:45+0000' | timeago}} • Webcast

$GEF's 2Q17 gross profit increased by 4.7%, while the operating profit before special items grew by 7% YoY. Free cash flow for the quarter totaled $41.2MM, about $28MM lower YoY, driven by higher working capital.

$GEF {{ '2017-06-07T20:47:34+0000' | timeago}} • Announcement

In 2Q17, $GEF's net sales in Rigid Industrial Packaging & Services increased by $34.7MM to $624.3MM. While net sales in Paper Packaging & Services grew to $188.7MM, that from Flexible Products & Services slid to $66.6MM. In Land management, net sales were up by $1.2MM to $7.8MM, due primarily to an increase in timber sales and consulting revenues.

$GEF {{ '2017-06-07T20:44:45+0000' | timeago}} • Announcement

$GEF narrowed its range for FY17 Class A adjusted EPS guidance to $2.84-3.02. The company also narrowed FY17 free cash flow guidance to $180-200MM as a result of capital expansion projects recently approved due to confidence in cash flow.

$GEF {{ '2017-06-07T20:42:47+0000' | timeago}} • Announcement

Packaging products and services company $GEF posted 5.7% rise in 2Q17 net sales to $887.4MM. Net income was $36MM or $0.61 per Class A share, compared to $31.4MM or $0.53 per Class A share a year ago. Excluding the impact of special items, net income was $0.67 per diluted Class A share.

$GEF {{ '2017-06-06T17:59:22+0000' | timeago}} • Announcement

$GEF 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 July 1, 2017, to shareholders of record at the close of business on June 19, 2017.

$GEF {{ '2017-03-01T14:48:28+0000' | timeago}} • Announcement

$GEF's BoD 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 April 1, 2017, to shareholders of record at close of business on March 17, 2017.

$GEF {{ '2017-02-28T19:47:13+0000' | timeago}} • Announcement

$GEF's BoD 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 April 1, 2017, to shareholders of record on March 17, 2017.

$GEF {{ '2016-12-07T12:13:15+0000' | timeago}} • Announcement

$GEF's BoD declared quarterly cash dividends of $0.42 per share on its class A common stock and $0.62 per share on its class B common stock. The dividends are payable on Jan. 1, 2017 to shareholders of record on Dec. 19, 2016.

$GEF {{ '2016-09-01T15:11:10+0000' | timeago}} • Webcast

DA Davidson analyst Steven Chercover questions whether restructuring costs would decline materially in 2017 after divestitures. $GEF says that it expects restructuring charges to mitigate in 1Q18 as it continues to focus on how to streamline the organization. $GEF expects further charges at a lower level than it has been running through 2017.

$GEF {{ '2016-09-01T15:05:09+0000' | timeago}} • Webcast

Gabelli & Company analyst Justin Bergner questions about adjusted tax rate and whether it will be reduced continuing into FY16 & beyond. $GEF says that the tax benefits was about $0.17 for the year, but it also fell in 3Q16. This drove a significant drop in the quarterly tax rate. In the next year or two, recurring tax rate would be between 35-40%.

$GEF {{ '2016-09-01T14:50:37+0000' | timeago}} • Webcast

Wells Fargo analyst Christopher Manuel questions about volume metrics in the drum business within North America and Europe. $GEF says that in EMEA, in the last two weeks of July, it saw significant departure in volume, which lasted until first week of Aug. But now the volume trends are back to normal.

$GEF {{ '2016-09-01T14:36:08+0000' | timeago}} • Webcast

Key Banc analyst Adam Josephson asks if $GEF is announcing a $50 a ton price increase along with other producers on containerboard and the reason behind it. $GEF says it has announced a $50 a ton price increase on all containerboard grades effective Oct. 1. The company has had inflationary costs eroding its earnings.

$GEF {{ '2016-09-01T14:25:02+0000' | timeago}} • Webcast

Maker of industrial packaging systems $GEF said that 3Q16 free cash flow expansion, which is a result of improved operations, more disciplined capital spending and improved working capital efficiencies, continue to improve $GEF's journey towards customer service excellence. $GEF increased and narrowed its 2016 Class A EPS guidance to $2.36-2.56.

$GEF {{ '2016-08-31T21:38:45+0000' | timeago}} • Announcement

$GEF said its BoD declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.63 per share of Class B Common Stock. Dividends are payable on October 1, 2016, to stockholders of record at the close of business on September 19, 2016.

$GEF {{ '2016-08-31T21:37:48+0000' | timeago}} • Announcement

For 2016, $GEF expects earnings of $2.36 - $2.56 per share. The company expects to spend $95 - $110MM in capex during the period. Restructuring expenses are expected to be $20-$30MM.

$GEF {{ '2016-08-31T21:34:21+0000' | timeago}} • Announcement

$GEF said 3Q16 net sales decreased $85.0MM to $845.0MM. Sales were negatively impacted by weakness in agricultural markets in Europe and North America.

$GEF {{ '2016-08-31T21:32:50+0000' | timeago}} • Announcement

$GEF, which makes industrial packaging products, reported a higher 3Q16 profit, helped by lower asset impairment charges compared to the year-ago period. The company reported earnings of $46.1MM or $0.78 per share compared to net income of $8.6MM or $0.15 per share a year ago.

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