NYSE:GEFPackaging
Greif Uses Low Leverage And Timberland Sale To Fuel Buybacks
Greif (NYSE:GEF) approved a new $300 million share repurchase authorization.
The company reported leverage at historically low levels after recent debt reduction efforts.
Greif plans to sell a timberland portfolio, with proceeds expected to be used for further debt reduction.
Greif, a global producer of industrial packaging and related services, operates at the intersection of manufacturing, logistics, and materials handling, areas that often track broader industrial activity. For...