Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced results for its fiscal third quarter, which ended July 31, 2010.
Michael J. Gasser, chairman and chief executive officer, said, "We are pleased with our strong third quarter results, which were driven by improved sales volumes across all our businesses and geographic regions compared to the same quarter last year. Operating profit margin increased by more than 1 percentage point due to higher sales volumes, cost controls and productivity improvements. In addition, the quarterly results benefited from permanent cost savings that were achieved during fiscal 2009 and further savings realized this year."