Quarterly ResultJul 29, 2026, 03:51 PM
Greif Q3 Net Income $77.8M, EPS $1.37; Soterra Divestiture Gain $216.2M
AI Summary
Greif, Inc. reported a strong third quarter for 2026, with net income attributable to the company increasing 42% to $77.8 million and net sales rising 3.5% to $1,165.6 million. Basic EPS for Class A common stock from continuing operations significantly grew to $1.39. The company also completed the Soterra Divestiture, realizing a $216.2 million gain, and the Containerboard Business Divestiture for $1,804.7 million. Additionally, Greif acquired Envaplast for $61.7 million, expanding its polymer container business.
Key Highlights
- Q3 2026 Net Income attributable to Greif, Inc. rose 42% to $77.8 million from $54.8 million YoY.
- Q3 2026 Net Sales increased 3.5% to $1,165.6 million from $1,125.9 million YoY.
- Basic EPS for Class A common stock (continuing operations) grew 162% to $1.39.
- Soterra Divestiture completed Oct 1, 2025, yielding a $216.2 million gain on sale.
- Containerboard Business Divestiture completed Aug 31, 2025, for $1,804.7 million.
- Envaplast Acquisition completed June 2, 2026, for $61.7 million.
- Cash dividends declared per Class A share increased to $0.62 from $0.54 YoY.
- Net cash provided by operating activities for nine months was $170.0 million.
Price Impact
More from GEF