Quarterly ResultApr 29, 2026, 04:48 PM
GEF Q1 Net Income $12.6M; 6-Month EPS $3.28 on Soterra Divestment Gain
AI Summary
GREIF, INC. reported Q1 2026 net income of $12.6 million, or $0.22 basic EPS for Class A common stock, a decrease from Q1 2025. However, for the six months ended March 31, 2026, net income attributable to Greif, Inc. surged to $187.2 million, or $3.28 basic EPS for Class A, significantly up from the prior year. This increase was primarily driven by a $216.2 million gain from the Soterra land management assets divestiture. The company also completed the Containerboard Business divestiture and refinanced its debt through new 2026 Credit Agreements.
Key Highlights
- Soterra Divestiture closed Oct 1, 2025, yielding $462M and a $216.2M gain.
- Containerboard Business Divestiture completed Aug 31, 2025, for $1,804.7M.
- New 2026 Credit Agreements refinanced $919.4M debt on Feb 27, 2026.
- 6-month Net Income $187.2M, up from $61.9M YoY.
- 6-month Class A Basic EPS $3.28, up from $1.07 YoY.
- Q1 2026 Net Sales $1,072.8M, down from $1,078.4M YoY.
- Q1 2026 Net Income $12.6M, down from $39.9M YoY.
- Share repurchases totaled $147.2M for the six months.