DELAWARE, Ohio, June 9, 2021 /PRNewswire/ -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, today announced second quarter 2021 results.
Second Quarter Financial Highlights include (all results compared to the second quarter of 2020 unless otherwise noted)(1):
Strategic Actions and Announcements
"Greif delivered a strong second quarter, with solid results across the company and meaningful progress against our strategy," said Pete Watson, Greif's President and Chief Executive Officer. "In addition to strong underlying business performance that drove improved earnings and free cash flow, we enhanced colleague engagement and customer service levels, advanced our commitment to sustainability and achieved a notable reduction in our leverage. With improved visibility into customer demand patterns, we are reintroducing annual guidance for fiscal 2021 and are well positioned to benefit from a growing global economy."