Greif Earnings Reports

Greif posted Q1 2025 revenue of $1.27 billion, reflecting a 5.0% increase year-over-year. However, net income declined 87.2% to $8.6 million due to a prior-year tax benefit. Adjusted EBITDA rose 5.9% to $145.1 million, supported by strong performance in the Sustainable Fiber Solutions segment. The company continues restructuring efforts, including divestitures and mill closures, to optimize its portfolio and reduce costs.

Greif, Inc. announced its fourth quarter and fiscal year 2024 results, with net income decreasing by 6.5% to $63.4 million, or $1.08 per diluted Class A share, compared to the previous year. Adjusted EBITDA decreased by 2.0% to $197.6 million. Despite a multi-year period of industrial contraction, the company reported increased net sales in both Global Industrial Packaging and Paper Packaging & Services segments.

Greif reported a decrease in net income by 3.5% to $87.1 million, or $1.50 per diluted Class A share. Adjusted EBITDA decreased by 14.5% to $193.7 million. Despite these decreases, the company saw positive volume momentum in all regions and completed the divestment of its US-based subsidiary Delta Petroleum Company.

Greif's fiscal second quarter 2024 results revealed a decrease in net income and adjusted EBITDA compared to the prior year. However, the company highlighted progress on its Build to Last Strategy, including the acquisition of Ipackchem, and noted signs of demand improvement in key regions.

Greif's first quarter 2024 results showed a decrease in net income and adjusted EBITDA compared to the previous year, but an increase in net income excluding certain adjustments. The company is focused on navigating a slow demand environment and making strategic improvements.

Greif reported fourth quarter results with net income decreasing to $67.8 million from $99.5 million in the prior year. Net sales also decreased to $1,308.4 million from $1,495.8 million. Despite these declines, the company highlighted its second-best year in history for Adjusted EBITDA and Adjusted Free Cash Flow.

Greif's Q3 2023 results showed a decrease in net income and net sales compared to Q3 2022, primarily due to lower volumes and average selling prices. However, the company's cost management actions and strategic initiatives led to strong earnings, margin, and free cash flow performance.

Greif reported a decrease in net income and adjusted EBITDA compared to the prior year, but achieved record second-quarter free cash flow. The company completed strategic acquisitions and maintained a strong customer satisfaction index.

Greif reported a net income of $89.9 million, or $1.54 per diluted Class A share, and adjusted EBITDA of $164.5 million. The company completed the acquisition of Lee Container Corporation and announced an agreement to increase its ownership interest in Centurion Container LLC.

Greif, Inc. announced third quarter 2022 results, featuring increased net income, adjusted EBITDA, net cash provided by operating activities, and record adjusted free cash flow.

Greif reported second quarter 2022 results with net income of $125.1 million, or $2.09 per diluted Class A share. Adjusted EBITDA increased to $251.0 million, and the company completed the divestment of its equity interest in the Flexible Products & Services joint venture. The company lowered overall interest rate by over 300 basis points.

Greif reported a strong first quarter in 2022, with net sales increasing to $1,564.3 million and adjusted EBITDA rising to $196.8 million. The company completed its CEO transition, announced the divestiture of its equity interest in the Flexible Products & Services joint venture, and increased its Fiscal Year 2022 guidance.

Greif reported strong fourth quarter and fiscal year 2021 results, achieving record net sales and profits for the full fiscal year. The company also advanced its financial priorities, increasing its dividend and reaching its targeted leverage ratio range.

Greif reported record net sales of $1,490.8 million, a $407.8 million increase compared to the previous year. Net income increased to $113.0 million, or $1.89 per diluted Class A share, compared to $20.7 million, or $0.35 per diluted Class A share in the same quarter last year. The company also achieved record Adjusted EBITDA of $237.8 million and reduced total debt by $370.0 million.

Greif delivered a strong second quarter with solid results across the company, driving improved earnings and free cash flow. The company also enhanced colleague engagement and customer service levels, advanced its commitment to sustainability and achieved a notable reduction in leverage.

Greif's first quarter results showed a decrease in net income and adjusted EBITDA compared to the same period last year, but volumes grew across most packaging substrates, particularly in the corrugated business. The company is implementing price increases to address cost inflation in raw materials and transportation. Greif is well positioned to benefit as the world recovers from the pandemic.

Greif's Q4 2020 results showed a decrease in net income compared to Q4 2019, but an increase in net cash provided by operating activities and adjusted free cash flow. The company highlighted its focus on customer service and operational execution amidst the COVID-19 pandemic.

Greif, Inc. announced its third quarter 2020 results, showing a decrease in net income and adjusted EBITDA compared to the previous year. The company generated free cash flow essentially flat to the prior year and paid down debt through stronger operating discipline and better working capital performance. The company reintroduced guidance for the fiscal year ending October 31, 2020.

Greif reported second-quarter results, with net income decreasing compared to the previous year, but adjusted EBITDA and free cash flow increased. The company completed the divestiture of the Consumer Packaging Business and announced the permanent closure of the Mobile, Alabama Uncoated Recycled Board Mill. Due to end market uncertainty, the company withdrew its fiscal 2020 adjusted Class A earnings per share and adjusted free cash flow guidance.

Greif reported strong first quarter 2020 results, with net sales increasing by $215.4 million to $1,112.4 million and gross profit increasing by $49.8 million to $222.6 million. Net income increased to $32.3 million, and adjusted EBITDA rose by 39% to $147.4 million. The company's performance was driven by strength in the Rigid Industrial Packaging & Services segment and the acquired Caraustar operations.