Greif Analysts Increase Their Forecasts After Q2 Results
Greif Analysts Increase Their Forecasts After Q2 Results
Greif, Inc. (NYSE:GEF) reported mixed results for its second quarter on Thursday.
格瑞夫公司（紐交所：GEF）週四發佈了第二季度的業務信息，結果參差不齊。
Greif posted adjusted earnings of 82 cents per share, missing market estimates of 85 cents per share. The company's quarterly sales came in at $1.371 billion versus expectations of $1.300 billion, according to data from Benzinga Pro.
格瑞夫公司發佈了每股調整後的盈利爲82美分，未達到市場的預期每股盈利爲85美分。根據來自Benzinga Pro的數據，公司季度銷售額爲13.71億美元，高於預期的13億美元。
"We are excited to present another quarter of solid progress on our Build to Last Strategy, including completing our Ipackchem acquisition and achieving multiple other milestones on our Build to Last missions," stated Ole Rosgaard, Chief Executive Officer of Greif. "These missions, enabled by operating excellence, are structurally improving our operating efficiency, creating significant operating leverage as we saw continued signs of demand improvement in many of our key regions and end markets during the quarter. On the demand side, our second quarter results exceeded our expectations, however results were impacted by significant negative price or cost in our paper business from the continued delayed recognition of announced price increases. For the time being, we continue to monitor and manage the improving demand alongside our customers, while strictly managing costs to ensure value creation."
格瑞夫首席執行官Ole Rosgaard表示：“我們很高興再次展示我們的持久發展策略取得了穩步進展，包括完成Ipackchem收購和在我們的持久使命中實現了多個其他里程碑。這些使命由卓越運營帶動，正不斷提高我們的運營效率，創造重大的運營槓桿，而本季度我們在許多關鍵地區和細分市場看到了持續需求的跡象。從需求方面來看，我們的第二季度業績超出了我們的預期，但業績受到我們紙張業務中持續推遲宣佈的價格上漲所帶來的顯著負面影響。目前，我們將繼續與客戶一起監測和管理改善的需求情況，同時嚴格控制成本，以確保創造價值。”
Greif said it sees FY24 adjusted EBITDA of $675 million to $725 million.
格瑞夫表示，預計FY24的調整後EBITDA爲6.75億美元至7.25億美元。
Greif shares fell 2.6% to close at $61.38 on Thursday.
格瑞夫股票週四下跌2.6％，收於61.38美元。
These analysts made changes to their price targets on Greif after the company reported quarterly results.
在公司發佈季度業績後，這些分析師對格瑞夫的價格目標進行了更改。
- B of A Securities raised the price target on Greif from $75 to $76. B of A Securities analyst George Staphos maintained a Neutral rating.
- Wells Fargo increased Greif price target from $78 to $80. Wells Fargo analyst Gabe Hajde maintained an Overweight rating on the stock.
- 美銀證券將格瑞夫的價格目標從75美元上調至76美元。美銀證券分析師George Staphos維持中立評級。
- 富國銀行將格瑞夫的價格目標從78美元上調至80美元。富國銀行分析師Gabe Hajde維持股票的超配評級。
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譯文內容由第三人軟體翻譯。