AP NEWS

Greif: Fiscal 1Q Earnings Snapshot

February 26, 2020 GMT

DELAWARE, Ohio (AP) _ Greif Inc. (GEF.B) on Wednesday reported fiscal first-quarter net income of $32.3 million.

On a per-share basis, the Delaware, Ohio-based company said it had net income of 55 cents. Earnings, adjusted for non-recurring costs, came to 64 cents per share.

The industrial packaging company posted revenue of $1.11 billion in the period.

Greif expects full-year earnings in the range of $3.55 to $3.91 per share.

Greif shares have declined 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $42.17, a decrease of 12% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GEF.B at https://www.zacks.com/ap/GEF.B