Greif (NYSE:GEF) Full Year 2024 Results
Key Financial Results
- Revenue: US$5.45b (up 4.4% from FY 2023).
- Net income: US$262.1m (down 27% from FY 2023).
- Profit margin: 4.8% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$5.57 (down from US$7.63 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Greif Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
The primary driver behind last 12 months revenue was the Global Industrial Packaging segment contributing a total revenue of US$3.12b (57% of total revenue). Notably, cost of sales worth US$4.38b amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$634.5m (78% of total expenses). Explore how GEF's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are down 4.7% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Greif (1 is concerning!) that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:GEF
Greif
Engages in the production and sale of industrial packaging products and services worldwide.
Very undervalued established dividend payer.
