Greif, Inc. Announces Highlights of 2017 Investor Day
June 28 2017 - 4:15PM
Business Wire
Greif, Inc. (NYSE: GEF, GEF.B), a global industrial packaging
solutions provider, today announced highlights of the Company’s
2017 Investor Day.
Highlights include:
- A 2020 operating profit before special
items range of $425 million - $465 million
- A 2020 free cash flow range of $230
million - $270 million
- The introduction of Greif’s “Path to
Growth” plan, which highlights the process, strategy and
acquisition priorities the Company has in place to profitability
grow
- Presentations by operational leaders
about plans to further pursue customer service excellence; advance
Greif’s value over volume focus; and further cement the Company’s
focus on disciplined operational execution
Management also announced authorization by the Company’s Board
of Directors to repurchase up to four million shares of
Class A Common Stock or Class B Common Stock or any
combination of the foregoing, but there are no immediate plans to
execute open market transactions.
Greif’s Investor Day 2017 was webcasted and is available for
replay on Greif’s website at http://investor.greif.com under the
“events calendar” tab. For further information, please contact
Greif’s investor relations department at the contact information
listed below.
About Greif, Inc.
Greif is a global leader in industrial packaging products and
services and is pursuing its vision to become the world’s best
performing customer service company in industrial packaging. The
Company produces steel, plastic, fibre, flexible, corrugated, and
reconditioned containers, intermediate bulk containers,
containerboard and packaging accessories, and provides filling,
packaging and industrial packaging reconditioning services for a
wide range of industries. Greif also manages timber properties in
the southeastern United States. The Company is strategically
positioned with production facilities in over 40 countries to serve
global as well as regional customers. Additional information is on
the Company’s website at www.greif.com.
Forward-Looking Statements
This release contains certain forward-looking information 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 information
currently available to management. Such forward-looking statements
are subject to certain risks and uncertainties that could cause
events and the Company’s actual results to differ materially from
those expressed or implied. Please see the disclosure regarding
forward-looking statements immediately preceding Part I of the
Company’s Annual Report on the most recently filed Form 10-K. The
Company assumes no obligation to update any forward-looking
statements. No reconciliation of operating profit before special
items and free cash flow, which are non-GAAP financial measures, is
included in this release due to the high variability and difficulty
in making accurate forecasts and projections of some of the
excluded information and assumptions.
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version on businesswire.com: http://www.businesswire.com/news/home/20170628005123/en/
Investor Relations Contact:Greif, Inc.Matt Eichmann,
740-549-6067Vice President, Investor Relations and Corporate
CommunicationsMatt.Eichmann@greif.com
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