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Greif raises prices, boosts imports in packaging expansion

China 2894 Earnings 666 India 466 Italy 61 Materials - Packaging 44 Quote Watch 437 U.S. 5193

Greif, a packaging company, released FQ3 earnings covering the three months to July 31. The firm reported a 37.7% year-over-year increase in revenues that surpassed analyst expectations by 7.4%, while Panjiva data associated with the firm showed a 112.2% year-over-year increase in volumes. The company is benefiting from strong demand but facing headwinds in supply chain disruptions and inflation, CEO Peter Watson noted, continuing that they were “actively executing on price increases in response to robust demand and cost inflation.” The company has been moving sourcing as well, Panjiva d...

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