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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Greif Inc | NYSE:GEF.B | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.28 | -0.44% | 63.39 | 64.15 | 62.50 | 64.15 | 4,066 | 21:03:41 |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 2015 (May 28, 2015)
GREIF, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-00566 | 31-4388903 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
425 Winter Road, Delaware, Ohio | 43015 | |
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code: (740) 549-6000
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Section 8 Other Events
Item 8.01. | Other Events. |
Attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference is a press release issued by Greif, Inc. on May 28, 2015.
Section 9 Financial Statements and Exhibits
Item 9.01. | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit No. |
Description | |
99.1 | Press release issued by Greif, Inc. on May 28, 2015. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GREIF, INC. | ||||||
Date: June 1, 2015 | By | /s/ Lawrence A. Hilsheimer | ||||
Lawrence A. Hilsheimer, Executive Vice President and Chief Financial Officer |
EXHIBIT INDEX
Exhibit No. |
Description | |
99.1 | Press release issued by Greif, Inc. on May 28, 2015. |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Greif, Inc. Revises Fiscal 2015 Earnings Guidance
Greif (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, today announced revised guidance for its fiscal year ending October 31, 2015. For the second quarter of 2015, adjusted earnings per Class A share, excluding gains and losses on the sales of businesses, timberland and property, plant and equipment, and acquisition related costs, as well as restructuring and impairment charges, are expected to be in line with the companys expectations. However, the 2015 fiscal year adjusted earnings are now expected to be $1.65 to $1.75 per Class A share, compared to the companys previous adjusted earnings guidance of $2.25 to $2.35 per Class A share.
While positive demand and gross margin trends in international operations emerged during the second quarter and the companys transformation actions have begun being realized, annual adjusted earnings are expected to be lower than previously forecasted. The principal factors contributing to this guidance revision are based on recent results and near term expectations on lower volumes and gross margins for the companys North American businesses, and the continuing impact of unfavorable foreign exchange rates.
The company plans to report its second quarter financial results on June 9, 2015, and conduct a conference call on June 10, 2015, at 10:00 AM ET to provide more detailed information.
About Greif
Greif is a world leader in industrial packaging products and services. The company produces steel, plastic, fibre, flexible, corrugated, multiwall and reconditioned containers, intermediate bulk containers, containerboard and packaging accessories, and provides blending, filling, packaging and industrial packaging reconditioning services for a wide range of industries. Greif also manages timber properties in North America. The company is strategically positioned in more than 50 countries to serve global as well as regional customers. Additional information is on the companys website at www.greif.com.
Forward-looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words may, will, expect, intend, estimate, anticipate, aspiration, objective, project, believe, continue, on track or target or the negative thereof and similar expressions, among others, identify forward-looking statements. All forward-looking statements are based on assumptions, expectations and other information currently available to management. Such forward-looking statements are subject to certain risks and uncertainties that could cause the companys actual results to differ materially from those forecasted, projected or anticipated, whether expressed or implied. The most significant of these risks and uncertainties are described in Part I of the companys Annual Report on Form 10-K for the fiscal year ended Oct. 31, 2014. The company undertakes no obligation to update or revise any forward-looking statements.
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Media: | Analyst: | |
Scott Griffin | Robert Lentz | |
Vice President, Corporate Communications | (614) 876-2000 | |
Greif, Inc. (740) 657-6516 |
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