2024-06-14 05:11:38 ET
Summary
- GEF experienced weakening customer demand patterns in FY23, which is expected to continue in FY24, but has consistently reported robust profitability margins throughout the years.
- The firm has raised prices for the third time this year in response to rising raw material, energy, labour, and transportation costs.
- GEF's recent acquisitions, including Ipackchem, aim to drive growth in high-margin jerry can and small plastics markets. Gaining favourable exposure to stable end-markets.
Synopsis
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Greif: Another Price Increase? Good Greif