Quarterly ResultJul 31, 2026, 11:58 AM
Greif Q3 Net Income +156.7% to $78.8M; Leverage Ratio 1.1x
AI Summary
Greif, Inc. reported strong fiscal third-quarter 2026 results, with net income increasing 156.7% to $78.8 million and Adjusted EBITDA rising 24.7% to $183.4 million. The company significantly strengthened its balance sheet, reducing total debt by $1.69 billion and lowering its leverage ratio to 1.1x. Strategic actions included a 10.7% dividend increase, the announcement of a new $150 million share repurchase plan, and the acquisition of Envaplast to expand its polymer solutions business. Greif also achieved its $90 million cost optimization target early and reaffirmed its fiscal 2026 Adjusted EBITDA guidance range of $615 million to $635 million.
Key Highlights
- Net income increased 156.7% to $78.8 million ($1.37 per diluted Class A share).
- Adjusted EBITDA increased 24.7% to $183.4 million.
- Total debt decreased by $1,686.6 million to $1,030.4 million.
- Leverage ratio decreased to 1.1x from 3.1x.
- Quarterly dividend increased by 10.7% to $0.62 per Class A share and $0.93 per Class B share.
- Announced intention to begin executing on share repurchases under a new $150 million plan.
- Achieved $90 million cumulative run-rate savings on cost optimization program.
- Acquired Envaplast, a small polymer container producer, on June 2, 2026.
Price Impact
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