Middle East conflict adds to Greif’s demand challenges

Years of soft demand dragged into Greif’s most recent quarter. “We don’t see an inflection point for the rest of the year,” said CEO Ole Rosgaard on a Wednesday earnings call covering the company’s fiscal second quarter, which ended March 31. “When a meaningful inflection of demand does occur, Greif will unlock significant operating leverage and earnings growth,” he said. New demand challenges also emerged in the quarter due to the war with Iran, which brought “direct impacts to our business,” Rosgaard said. 

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