Greif (NYSE:GEF) reported quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.09 by 3.67 percent. This is a 28.93 percent decrease over earnings of $1.59 per share from the same period last year. The company reported quarterly sales of $1.417 billion which beat the analyst consensus estimate of $1.410 billion by 0.48 percent. This is a 8.34 percent increase over sales of $1.308 billion the same period last year.
In the earnings release issued earlier today, the fourth quarter 2024 net income, excluding the impact of adjustments, incorrectly presented a $16.0 million income tax expense related to "(gain) loss on disposal of businesses, net". This resulted in stating net income, excluding the impact of adjustments, for the period of $49.6 million and diluted Class A earnings per share, excluding adjustments, for the period of $0.85. The corrected net income, excluding the impact of adjustments, for the period is $65.5 million, and the corrected diluted Class A earnings per share, excluding adjustments, for the period is $1.13.
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