UPDATE: Greif (GEF) Reports In-Line Q3 EPS, Updates FY Guidance
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Greif Reports Third Quarter 2017 Results
August 30, 2017 4:15 PM EDTDELAWARE, Ohio--(BUSINESS WIRE)-- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, announced third quarter 2017 results.
Third Quarter Highlights (all results compared to the third quarter 2016 unless otherwise noted):
Net sales increased by $116.8 million to $961.8 million. Gross profit increased by $10.6 million to $187.1 million. Operating profit increased by $17.9 million to $89.5 million and operating profit before special items1 increased by $10.6 million to $94.5 million, despite $2.0 million of professional fees related to tax planning expected to generate $3.0 million in recurring savings in fiscal 2017 and an... More