Greif: Fiscal Q4 Earnings Snapshot

Associated Press Finance
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DELAWARE, Ohio (AP) — DELAWARE, Ohio (AP) — Greif Inc. (GEF) on Wednesday reported fiscal fourth-quarter profit of $67.8 million.

The Delaware, Ohio-based company said it had net income of $1.16 per share. Earnings, adjusted for asset impairment costs and restructuring costs, came to $1.56 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The industrial packaging company posted revenue of $1.31 billion in the period.

For the year, the company reported profit of $359.2 million, or $6.15 per share. Revenue was reported as $5.22 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GEF at https://www.zacks.com/ap/GEF

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