Quarterly ResultJul 28, 2026, 04:05 PM
Greif Q3 Net Income Up 156.7% to $78.8M; Adjusted EBITDA +24.7%
AI Summary
Greif, Inc. announced strong fiscal third quarter 2026 results, with net income from continuing operations increasing 156.7% to $78.8 million and Adjusted EBITDA rising 24.7% to $183.4 million. The company significantly reduced its total debt by $1,686.6 million to $1,030.4 million, lowering its leverage ratio to 1.1x. Strategic actions include a 10.7% increase in the quarterly dividend, plans for share repurchases, achieving $90 million in cost savings, and completing the acquisition of Envaplast.
Key Highlights
- Net income from continuing operations increased 156.7% to $78.8 million.
- Adjusted EBITDA rose 24.7% to $183.4 million.
- Diluted Class A EPS from continuing operations was $1.37, up from $0.53.
- Total debt decreased by $1,686.6 million to $1,030.4 million, reducing leverage to 1.1x.
- Quarterly dividend increased by 10.7% to $0.62 per Class A share.
- Company announced intention to begin executing share repurchases.
- Achieved $90 million cumulative run-rate savings on cost optimization program.
- Completed bolt-on acquisition of Envaplast on June 2, 2026.
- Fiscal 2026 Adjusted EBITDA outlook is $615-$635 million.
Price Impact
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