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News Breaks
August 25, 2014
07:52 EDTGEFGreif cuts FY14 EPS view to $1.98-$2.08 from $2.48-$2.80
Consensus is $2.81. Greif announced revised guidance for its fiscal year ending October 31, 2014. Earnings per Class A share, excluding timberland gains and further impairment charges, are expected to be $1.98 to $2.08 per Class A share for the 2014 fiscal year compared to the company’s previous guidance of $2.48 to $2.80 per Class A share, excluding timberland gains. Subsequent to the second quarter 2014, the company continued to take actions to strengthen its business portfolio. Certain of these actions resulted in non-cash asset impairment charges of $15.4M, as well as $33M of non-cash allocations of goodwill for divestitures reducing book gains and generating no tax benefits. The company has incurred and anticipates higher SG&A expenses for the remainder of the fiscal year and slightly lower than expected results from operations.
News For GEF From The Last 14 Days
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January 21, 2015
09:16 EDTGEFGreif sees FY17 sales $4.32B-$4.407B
Greif forecasts net sales to grow 2.0-3.0% in both 2016 and 2017. Sees FY17 gross profit margin 20%, up from 19.1% in FY14. Sees FY17 EBITDA ex-items $570M-$579M.
09:15 EDTGEFGreif sees FY15 EBITDA ex-items $429.9M
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January 20, 2015
09:54 EDTGEFGreif to host investor day
Investor Day to be held in New York on January 21 at 9 am. Webcast Link
January 16, 2015
10:01 EDTGEFOn The Fly: Analyst Downgrade Summary
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06:26 EDTGEFGreif downgraded to Underperform from Market Perform at BMO Capital

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