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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.