DELAWARE, Ohio (December 4, 2019) – Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, today announced fiscal 2019 and fourth quarter results.
Fiscal Year Highlights Include (all results compared to the fiscal year 2018 unless otherwise noted):
• Reduced net debt by $178.1 million since April 30, 2019.
Fourth Quarter Highlights Include (all results compared to the fourth quarter 2018 unless otherwise noted):
"The global Greif team executed well despite a challenging industrial business environment in both the fourth quarter and fiscal 2019," said Pete Watson, Greif's President and Chief Executive Officer. "We achieved a step change in financial performance with the acquisition of Caraustar and advanced our focus on customer service excellence and disciplined operational execution around our global portfolio. As we look ahead to fiscal 2020, we are committed to managing those areas within our control to successfully navigate a continued uncertain global macro-economic environment."
Access the full release on the financial section of greif.com.