Last €36.14 EUR
Change Today -0.77 / -2.10%
Volume 0.0
GR3 On Other Exchanges
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As of 2:08 AM 09/1/14 All times are local (Market data is delayed by at least 15 minutes).

greif inc-cl a (GR3) Snapshot

Open
€35.77
Previous Close
€36.92
Day High
€36.14
Day Low
€35.77
52 Week High
09/5/13 - €41.40
52 Week Low
02/6/14 - €34.94
Market Cap
1.8B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
25.6M
EX-Date
09/17/14
P/E TM
--
Dividend
€1.68
Dividend Yield
3.38%
Current Stock Chart for GREIF INC-CL A (GR3)

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greif inc-cl a (GR3) Details

Greif, Inc. produces and sells industrial packaging products worldwide. The company’s Rigid Industrial Packaging and Services segment provides rigid intermediate bulk containers, closure systems, transit protection products, water bottles, and reconditioned containers, as well as steel, fiber, and plastic drums; and container lifecycle, blending, filling and other packaging, logistics, and warehousing services. This segment sells its products to customers in the chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agricultural, pharmaceutical, mineral, and other industries. Its Flexible Products and Services segment offers flexible intermediate bulk containers and related services; and industrial and consumer shipping sacks and multiwall bag products, which are used to ship a range of industrial and consumer products, such as seed, fertilizers, chemicals, concrete, flour, sugar, feed, pet foods, popcorn, charcoal, and salt primarily in the agricultural, chemical, building products, and food industries. The company’s Paper Packaging segment provides containerboard, corrugated sheets, corrugated containers, and other corrugated products to customers in packaging, automotive, food, and building products industries. This segment’s corrugated container products are used to ship home appliances, small machinery, grocery products, building products, automotive components, books and furniture, and other applications. Its Land Management segment is engaged in the harvest and regeneration of timber properties; and sale of timberland and special use land. As of October 31, 2013, this segment owned approximately 252,475 acres of timber property in the southeastern United States and approximately 10,300 acres of timber property in Canada. The company was formerly known as Greif Bros. Corporation and changed its name to Greif, Inc. in 2001. Greif, Inc. was founded in 1877 and is headquartered in Delaware, Ohio.

13,085 Employees
Last Reported Date: 12/23/13
Founded in 1877

greif inc-cl a (GR3) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $934.6K
Senior Vice President and Group President of ...
Total Annual Compensation: $536.2K
Acting Chief Administrative Officer, Executiv...
Total Annual Compensation: $502.6K
Senior Vice President of People Services & Ta...
Total Annual Compensation: $346.4K
Compensation as of Fiscal Year 2013.

greif inc-cl a (GR3) Key Developments

Greif, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2014; Provides Earnings Guidance for the Full Year of 2014; Reports Asset Impairment Charges for the Third Quarter Ended July 31, 2014

Greif, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2014. For the quarter, the company reported net sales of $1,161.1 million against $1,129.7 million a year ago. Operating profit was $59.6 million against $96.7 million for the same period in the last year. Income before income tax expense and equity earnings of unconsolidated affiliates, net was $37.5 million against $73.5 million a year ago. Net income attributable to the company was $12.2 million against $46.7 million a year ago. Basic and diluted earnings per share attributable to company’s common shareholders of class A common stock were $0.21 against $0.80 a year ago. Basic and diluted earnings per share attributable to company’s common shareholders of class B common stock were $0.31 against $1.20 a year ago. EBITDA was $97.0 million compared to $132.2 million a year ago. Net cash provided by operating activities was $76.9 million against $79.7 million for the same period a year ago. Purchases of properties, plants and equipment and timber properties were $54.0 million against $27.1 million a year ago. Net debt at July 31, 2014 was $1,259.2 million. Free cash flow was $56.5 million against $58.5 million for the same period a year ago. Total EBITDA before special items was $117.0 million against $136.5 million for the same period a year ago. Operating profit before special items was $79.6 million compared with $101.0 million for the same period in the last year. The 2.8% increase in Net Sales were primarily due to the impact of a 3.0% increase in selling prices partially offset by a negative 0.2% impact from foreign currency translation. For the nine months, the company reported net sales of $3,296.2 million against $3,227.2 million a year ago. Operating profit was $207.4 million against $244.6 million for the same period in the last year. Income before income tax expense and equity earnings of unconsolidated affiliates, net was $138.4 million against $173.2 million a year ago. Net income attributable to the company was $77.5 million against $110.5 million a year ago. Basic and diluted earnings per share attributable to company’s common shareholders of class A common stock were $1.32 against $1.89 a year ago. Basic and diluted earnings per share attributable to company’s common shareholders of class B common stock were $1.98 against $2.83 a year ago. EBITDA was $319.7 million compared to $354.6 million a year ago, the $35.2 million decrease was primarily due to the factors previously described that impacted operating profit. Net cash provided by operating activities was $116.8 million against $118.7 million for the same period a year ago. Purchases of properties, plants and equipment and timber properties were $149.7 million against $83.1 million a year ago. Free cash flow was $37.3 million against $47.6 million for the same period a year ago. Total EBITDA before special items was $330.1 million against $362.5 million for the same period a year ago. Operating profit before special items was $217.8 million compared with $252.5 million a year ago. The company provided earnings guidance for the full year of 2014. The company expects class A earnings per share guidance of $1.98 to $2.08. This guidance excludes timberland gains of approximately $16.9 million or $0.20 per Class A share and potential future impairment charges. The company reported $15.4 million of asset impairment charges for the third quarter of 2014 compared with $2.3 million for the third quarter of 2013.

Greif, Inc. Declares Third Quarter 2014 Cash Dividend, Payable on October 1, 2014

The Board of Directors of Greif, Inc. declared quarterly cash dividends of $0.42 per share of Class A Common Stock and $0.63 per share of Class B Common Stock. The dividends are payable on October 1, 2014 to shareholders of record at close of business on September 19, 2014.

Greif Revises Earnings Guidance for the Fiscal Year Ending October 31, 2014

Greif revised earnings guidance for its fiscal year ending October 31, 2014. Earnings per Class A share, excluding timberland gains and further impairment charges, are expected to be $1.98 to $2.08 per Class A share for the 2014 fiscal year compared to the company's previous guidance of $2.48 to $2.80 per Class A share, excluding timberland gains.

 

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Industry Analysis

GR3

Industry Average

Valuation GR3 Industry Range
Price/Earnings 20.0x
Price/Sales 0.5x
Price/Book 1.8x
Price/Cash Flow 10.7x
TEV/Sales NM Not Meaningful
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