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Greif posts 1Q profit

DELAWARE, Ohio (AP) _ Greif Inc. (GEF.B) on Wednesday reported fiscal first-quarter net income of $5.4 million, after reporting a loss in the same period a year earlier.

The Delaware, Ohio-based company said it had profit of 10 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 45 cents per share.

The industrial packaging company posted revenue of $820.9 million in the period.

Greif expects full-year earnings in the range of $2.78 to $3.08 per share.

Greif shares have increased roughly 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $73.45, more than doubling in the last 12 months.


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


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