Greif Q3 2021 Earnings Report
Key Takeaways
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.
Record net sales of $1,490.8 million, an increase of $407.8 million compared to the third quarter of 2020.
Net income of $113.0 million or $1.89 per diluted Class A share increased compared to net income of $20.7 million or $0.35 per diluted Class A share.
Record Adjusted EBITDA of $237.8 million, an increase of $78.4 million compared to Adjusted EBITDA of $159.4 million.
Total debt decreased by $370.0 million to $2,267.6 million.
Greif
Greif
Greif Revenue by Segment
Forward Guidance
Greif increased fiscal year 2021 guidance for Class A earnings per share before adjustments and Adjusted Free Cash Flow.