DELAWARE, Ohio, Feb. 26, 2020 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, today announced first quarter 2020 results.
First Quarter Highlights include (all results compared to the first quarter of 2019 unless otherwise noted):
"Greif's performance in the first quarter was strong across all strategic priorities," said Pete Watson, Greif's President and Chief Executive Officer. "Adjusted EBITDA rose by 39% to $147.4 million, driven by strong performance in our Rigid Industrial Packaging & Services segment and the acquired Caraustar operations. Our internal customer satisfaction index score improved to an all-time high and we received several recognitions for our sustainability leadership. While we continue to face a challenging industrial market, our global Greif team is successfully managing those areas within our control to deliver strong performance."