Commodities: Despite Damaging Weather, Greif Rises as Transformation Ends — Market Talk

17:26 ET – Greif says a three-year transformation initiative has been completed, with a renewed focus on customer service aimed at driving value, not just volume. The industrial-packaging products company also says that Hurricane Harvey cut into profit by $5.3 million, well above the $2.5 million the company previously estimated. Still Greif saw higher sales for the unit most affected by the storm. Shares rise 4% in after-hours trading. ([email protected]; @austenhufford)

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