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Jul 31, 2022
Greif Q3 2022 Earnings Report
Greif reported an outstanding third quarter financial result, remaining steadfast and execution-focused during a time of macroeconomic uncertainty, leading to a rock-solid balance sheet, record free cash flow generation, and EBITDA growth.
Key Takeaways
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.
Net income increased to $141.8 million or $2.36 per diluted Class A share.
Adjusted EBITDA increased to $251.0 million.
Net cash provided by operating activities increased by $114.4 million to $209.3 million.
Record adjusted free cash flow increased by $111.7 million to a source of $175.8 million.
Greif
Greif
Forward Guidance
Greif expects Class A earnings per share before adjustments to be between $7.90 and $8.10 and adjusted free cash flow to be between $415 and $445 million for fiscal year 2022.