Greif, inc. updates fiscal second quarter 2021 guidance

Delaware, ohio, may 20, 2021 /prnewswire/ -- greif, inc. (nyse: gef, gef.b), a global leader in industrial packaging products and services, announced today that it has revised its outlook for fiscal second quarter 2021. fiscal second quarter 2021 diluted class a earnings per share before adjustments is now expected to be in the range of $1.11 – $1.15 per share, compared to the company's previous guidance range of $0.96 – $1.06 per share.1 the improved guidance range is mainly due to stronger than anticipated volumes and selling prices in the global industrial packaging business and a slightly lower than anticipated tax rate, partially offset by higher than anticipated sg&a expense mainly due to higher incentive accruals.
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