Greif (GEF) Q1 Earnings Beat Estimates, Sales Decline Y/Y
GEFGreif(GEF) Zacks Investment Research·2024-03-01 02:46

Greif, Inc. (GEF) reported adjusted earnings per share of 1.27forfirst−quarterfiscal2024,beatingtheZacksConsensusEstimateof20cents.Thebottomlineincreased201.27 for first-quarter fiscal 2024, beating the Zacks Consensus Estimate of 20 cents. The bottom line increased 20% year over year. Including one-time items, EPS was 1.75 in the quarter compared with 2.31intheprior−yearquarter.OperationalUpdateSalesmoveddown5.12.31 in the prior-year quarter. Operational Update Sales moved down 5.1% year over year to 1.20 billion due to lower volumes and average selling prices. However, the top line beat the Zacks Consensus Estimate of $1.19 billion. The cost of sales decli ...