GREIF Reports 18% Year-Over-Year Revenue Decrease for Q3 2023
September 6, 2023
🌥️Earnings Overview
For the quarter ending July 31 2023, GREIF ($NYSE:GEF) reported total revenue of USD 1330.3 million, a decrease of 18.0% compared to the same period in the previous year. Net income for the quarter was USD 90.3 million, a decrease of 36.3% from the third quarter of 2023.
Analysis
Analyzing GREIF‘s financials with GoodWhale is a great way to get a comprehensive understanding of the company’s performance. GoodWhale gives GREIF a medium risk rating, showcasing that it is an appropriate investment from both financial and business aspects. However, GoodWhale has also detected one risk warning in the income sheet. To get a better understanding of this warning, users should become registered users on the GoodWhale platform. This will enable them to have access to the full report and get detailed information on the risk warning. By doing this, users will be able to make an informed decision regarding GREIF’s potential as an investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Greif. GREIF_Reports_18_Year-Over-Year_Revenue_Decrease_for_Q3_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 5.41k | 390.9 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Greif. GREIF_Reports_18_Year-Over-Year_Revenue_Decrease_for_Q3_2023″>More…
| Operations | Investing | Financing |
| 732.6 | -559.6 | -125.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Greif. GREIF_Reports_18_Year-Over-Year_Revenue_Decrease_for_Q3_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.87k | 3.83k | 33.9 |
Key Ratios Snapshot
Some of the financial key ratios for Greif are shown below. GREIF_Reports_18_Year-Over-Year_Revenue_Decrease_for_Q3_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | 13.0% | 11.7% |
| FCF Margin | ROE | ROA |
| 9.7% | 20.7% | 6.7% |
Peers
In the global market for industrial packaging, there are a few major players. Among them, Greif Inc. competes with Shanghai Xintonglian Packing Co Ltd, SCG Packaging PCL, and Southern Packaging Group Ltd. While each company has its own strengths, Greif Inc. has been able to maintain a leading position in the market.
– Shanghai Xintonglian Packing Co Ltd ($SHSE:603022)
Shanghai Xintonglian Packing Co Ltd is a leading manufacturer of packaging products in China. The company has a market cap of 1.85B as of 2022 and a ROE of 2.72%. The company’s products are used in a wide range of industries, including food, beverage, pharmaceutical, cosmetics, and industrial packaging.
– SCG Packaging PCL ($SET:SCGP)
SCG Packaging PLC is a leading provider of packaging solutions with a market cap of 226.46B as of 2022. The company has a strong focus on innovation and sustainability, and offers a wide range of packaging products and services to meet the needs of its customers. SCG Packaging PLC has a strong commitment to environmental responsibility and is committed to reducing the impact of its operations on the environment. The company has a return on equity of 7.4%.
– Southern Packaging Group Ltd ($SGX:BQP)
Southern Packaging Group Ltd is a packaging company that manufactures and supplies paperboard packaging products. The company has a market cap of 28.13M as of 2022 and a Return on Equity of 1.31%. Southern Packaging Group Ltd operates in two segments: Paperboard Packaging and Flexible Packaging. The Paperboard Packaging segment manufactures and sells paperboard packaging products, including corrugated containers, folding cartons, and solid fiber boxes. The Flexible Packaging segment manufactures and sells flexible packaging products, such as laminated films, laminates, and pouches.
Summary
GREIF reported total revenue of USD 1330.3 million and net income of USD 90.3 million for the Q3 ending July 31 2023, which indicated an 18.0% and 36.3% decrease year-over-year respectively. This indicates that GREIF’s financial performance has faced challenges in recent times, providing investors with a cautious outlook. However, the company has consistently maintained solid liquidity and has implemented several cost-saving measures which could help restore profitability and provide a more positive outlook for investors in the future.
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