By Davit Kirakosyan

Greif Inc (NYSE:) shares rose more than 5% after-hours following the company’s reported , with EPS of $2.41 coming in better than the consensus estimate of $1.71. Its revenue was $1.67billion, surpassing the consensus estimate at $1.51billion.

Ole Rosgaard is President and Chief Executive officer of Greif. “Our results for the second quarter are a testimony to our team’s continued execution focus and customer service focus in overcoming significant ongoing headwinds like inflation, supply chains, and pandemics to produce another quarter with record results.” This level of execution is an example of Build to Last in action and is fittingly leading-in to the upcoming Investor Day in New York City on June 23, where we will discuss that strategy and future growth in greater detail for our Company. We look forward to seeing you at the event.

The full 2022-year earnings per share (EPS) are expected to be in the $7.45-$7.75 range, as opposed to $6.61 consensus.