Greif reports Q3 EPS $1.15, consensus $1.08
Reports Q3 revenue $1.01B, consensus $1.04B."Greif delivered solid third quarter results, with stronger year over year operating profit before special items, earnings and free cash flow," said Greif's President and Chief Executive Officer, Pete Watson. "Our Paper Packaging and Flexible Products segments continue to demonstrate strong results. Our Rigid Packaging segment experienced strong demand across much of the portfolio, but was impacted by the continuation of rising raw material costs and unique headwinds in certain regions of our global business. At the same time, the improved overall performance of our diversified portfolio leads us to increase our Fiscal 2018 Class A EPS before special items guidance range to $3.53 - $3.69. In addition, we are pleased that earlier this week our Board of Directors approved an increased quarterly dividend, which reflects our ongoing commitment to shareholder returns and the confidence we have in our global business."