Greif Inc. (GEF) reported GAAP net income of $79 million or $1.35 per class A share for the fourth quarter, compared to $60 million or $1.03 per class A share in the prior year quarter.
Net income before special items was $90 million or $1.53 per class A share, compared to $75 million or $1.27 per class A share in the fourth quarter of 2008.
Net sales for the fourth quarter declined 23% to $761 million from $982 million in the previous year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.45 per share on revenue of $794.35 million for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2010, the company expects that Class A earnings per share, before special items, will be in the range of $4.00 to $4.25 per share. Street estimates earnings of $4.21 per share for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.