| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 1.1K | 7.8% | 15.3% |
| Total Income | 1.1K | 7.8% | 15.3% |
| Expenditure | 1.0K | 40.5% | 14.0% |
| PBT | 21.80 | 91.0% | 0.0% |
| Net Profit | 12.60 | 92.8% | 46.5% |
| OPM | 3.30% | 22.49pp | 1.43pp |
| NPM | 1.17% | 16.38pp | 0.49pp |
| EPS | — |
Greif Reports Fiscal Second Quarter 2026 Results
01 May 2026 · 1 May, 6:52 pm
Summary
Greif, Inc. reported fiscal second quarter 2026 results, with net income decreasing by 32.3% to $12.6 million. However, net income excluding adjustments increased by 57.5% to $62.7 million. Adjusted EBITDA saw a 7.5% increase to $156.8 million, and adjusted free cash flow increased significantly by $92.7 million to $179.3 million. The company has also strengthened its financial position by reducing total debt by $1,769.3 million and achieving $75.0 million in cost optimization.
Key Highlights
- 1
Net income decreased 32.3% to $12.6 million, or $0.22 per diluted Class A share, compared to the prior year.
- 2
Net income, excluding adjustments, increased 57.5% to $62.7 million, or $1.10 per diluted Class A share.
- 3
Adjusted EBITDA increased 7.5% to $156.8 million compared to $145.9 million in the prior year.
- 4
Adjusted free cash flow increased by $92.7 million to $179.3 million.
- 5
Total debt decreased by $1,769.3 million to $1,005.9 million due to debt repayment from the sales of the Containerboard Business and the timberlands business.
- 6
The company achieved $75.0 million of run-rate cost optimization by the end of the second quarter of fiscal 2026.
- 7
Greif completed its previously announced $150.0 million share repurchase program on April 15, 2026.
Management Comments
Ole Rosgaard
Greif delivered a resilient second quarter in a continued soft industrial environment. Demand remains subdued, and our results reflect the reality of the markets we serve. That said, we executed well on the factors within our control.
Ole G. Rosgaard
We continued to execute against our strategy during the second quarter with a particular focus on productivity and cost optimization, which remains a core driver of our margin improvements. I'm pleased to report that we have achieved $75 million of savings, putting us on track toward our full year target range of $80 million to $90 million.
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