Greif Boosts Modular Packaging Solution With Launch of ModCan

Greif, Inc. GEF has announced the launch of an innovative modular packaging solution, ModCan, which is currently available in North America. Greif expects ModCan to increase productivity and safety while shipping and storing dissimilar materials and waste.Benefits of GEF’s ModCanThe ModCan system utilizes an innovative wedge-shaped design that enables modular components to fit perfectly within a standard 55-gallon drum. This unique design allows multiple materials, chemicals, or waste components to be safely transported together. This eliminates the risk of contamination or exposure.ModCan’s design can reduce the number of shipments required by optimizing the available space inside a single drum. This boosts safety by limiting the need for material transfers or consolidations.These features make ModCan particularly valuable for waste management applications in industries such as specialty manufacturing, semiconductor operations and pharmaceutical production.Greif collaborated with a long-standing partner from the chemical industry to initially develop the concept and it was further refined with the support of an in-house innovation team. The launch was finally announced at the Pack-Expo conference in Chicago.GEF believes ModCan will revolutionize industrial waste management and other applications where various materials benefit from being shipped together safely and securely.Greif’s Other Recent Strategic MovesGreif has completed its business model optimization project and will report through four new reportable segments beginning in the first quarter of 2025 — Customized Polymer Solutions, Durable Metal Solutions, Sustainable Fiber Solutions and Integrated Solutions.Greif has also announced cost optimization efforts that will eliminate $100 million of structural costs from the business. This will be achieved through a combination of SG&A rationalization, network optimization and operating efficiency gain.GEF’s Fiscal 2024 PerformanceAdjusted EPS plunged 30% year over year to $4.31 in fiscal 2024 but beat the Zacks Consensus Estimate of $4.20. Including one-time items, EPS was $4.52 compared with $6.15 in the prior fiscal year.Greif reported sales of $5.45 billion, which beat the consensus estimate of $5.44 billion. Sales were up 4.4% from the prior fiscal year.Greif Stock Price PerformanceThe company’s shares have gained 10.7% in the past year compared with the industry’s 26% growth.Image Source: Zacks Investment ResearchGEF’s Zacks Rank & Stocks to ConsiderGEF currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks from the Industrial Products sector are Graham Corporation GHM, Federal Signal Corporation FSS and RBC Bearings Incorporated RBC. While GHM sports Zacks Rank #1 (Strong Buy), FSS and RBC each carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here.Graham has an average trailing four-quarter earnings surprise of 101.85%. The Zacks Consensus Estimate for GHM’s 2024 earnings is pinned at $1.03 per share, which indicates year-over-year growth of 145.2%. The company’s shares have gained 136.8% in a year.Federal Signal has an average trailing four-quarter earnings surprise of 11.8%. The Zacks Consensus Estimate for FSS’ 2024 earnings is pinned at $3.34 per share, which indicates year-over-year growth of 29.5%. The company’s shares have gained 40% in a year.The Zacks Consensus Estimate for RBC Bearings’ fiscal 2025 earnings is pegged at $9.80 per share. The company has a trailing four-quarter average earnings surprise of 2.5%. RBC shares have gained 37.5% in a year.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report RBC Bearings Incorporated (RBC): Free Stock Analysis Report Greif, Inc. (GEF): Free Stock Analysis Report Federal Signal Corporation (FSS): Free Stock Analysis Report Graham Corporation (GHM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks