Greif Q3 Earnings Miss Estimates, Sales Beat on Higher Volumes
GEFGreif(GEF) ZACKS·2024-08-30 01:37

Greif, Inc. (GEF) reported adjusted earnings per share (EPS) of 1.03inthird−quarterfiscal2024(endedJuly31,2024),missingtheZacksConsensusEstimateof1.03 in third-quarter fiscal 2024 (ended July 31, 2024), missing the Zacks Consensus Estimate of 1.17. The bottom line fell 41.1% year over year.Including one-time items, EPS was 1.50inthequartercomparedwith1.50 in the quarter compared with 1.55 in the prior-year quarter.Greif’s Sales Rise in Q3, Margins DipGEF’s sales moved up 9.3% year over year to 1.45billion.ThetoplinesurpassedtheZacksConsensusEstimateof1.45 billion. The top line surpassed the Zacks Consensus Estimate of 1.42 billion. The upside was mainly due to highe ...