Greif Full Year 2024 Earnings: In Line With Expectations

Greif (NYSE:GEF) Full Year 2024 Results

Key Financial Results

• Revenue: US$5.45b (up 4.4% from FY 2023).
• Net income: US$268.8m (down 25% from FY 2023).
• Profit margin: 4.9% (down from 6.9% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$5.71 (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$624.7m (78% of total expenses). Explore how GEF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Packaging industry in the US.

Performance of the American Packaging industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Greif that you need to be mindful of.

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