Greif: Fiscal 4Q Earnings Snapshot
DELAWARE, Ohio (AP) _ Greif Inc. (GEF.B) on Wednesday reported fiscal fourth-quarter net income of $40.1 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Delaware, Ohio-based company said it had net income of 67 cents. Earnings, adjusted for non-recurring costs, were $1.08 per share.
The industrial packaging company posted revenue of $987.7 million in the period.
For the year, the company reported profit of $209.4 million, or $3.55 per share. Revenue was reported as $3.87 billion.
Greif expects full-year earnings in the range of $3.55 to $3.95 per share.
Greif shares have dropped 26 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.25, a decrease of 14 percent in the last 12 months.