Greif to Raise Paperboard Prices by $60/Ton, Packaging by 6.5% Amid Strong Demand
Summary
Greif announced a price increase of $60 per short ton for all grades of uncoated recycled paperboard (URB) products, effective July 6, 2026. Additionally, tube and core and protective packaging products will see a minimum 6.5% increase, effective July 13, 2026. These increases are driven by rising input and transportation costs, coupled with strengthening demand across end markets. This move indicates strong pricing power and is positive for the company's future revenue and margins, following recent news of a dividend increase and a new receivables financing facility.
At the time of this announcement, GEF was trading at $64.51 on NYSE in the Manufacturing sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $55.75 to $77.14. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.