Greif, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2022
August 31, 2022 at 04:15 pm EDT
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Greif, Inc. reported earnings results for the third quarter and nine months ended July 31, 2022. For the third quarter, the company reported sales was USD 1,622.1 million compared to USD 1,490.8 million a year ago. Net income was USD 141.8 million compared to USD 113 million a year ago.
For the nine months, sales was USD 4,853.7 million compared to USD 3,977.9 million a year ago. Net income was USD 277.2 million compared to USD 286.2 million a year ago.
Greif, Inc. is engaged in industrial packaging products and services. The Company principally manufactures rigid industrial packaging products, such as steel, fiber and plastic drums, rigid intermediate bulk containers, jerrycans and other small plastics, closure systems for industrial packaging products, transit protection products, water bottles and remanufactured and reconditioned industrial containers, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services. The Company produces and sells containerboard, corrugated sheets, corrugated containers and other corrugated products to customers in North America in industries, such as packaging, automotive, food and building products. The Company also produces and sells coated recycled paperboard and uncoated recycled paperboard, some of which are used to produce and sell industrial products (tubes and cores, construction products and protective packaging).