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Jul 31, 2024
Greif Q3 2024 Earnings Report
Greif's Q3 2024 results were reported, showcasing a solid quarter despite uncertain global markets, with positive volume momentum across all regions and progress in internal re-alignment of operating and commercial functions.
Key Takeaways
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.
Net income decreased 3.5% to $87.1 million or $1.50 per diluted Class A share.
Adjusted EBITDA decreased 14.5% to $193.7 million.
Net sales increased by $84.2 million to $846.0 million in Global Industrial Packaging.
Net sales increased by $39.7 million to $603.6 million in Paper Packaging & Services.
Revenue by Segment
Forward Guidance
Greif anticipates Adjusted EBITDA to be in the range of $675 to $725 million and Adjusted free cash flow to be between $175 to $225 million for fiscal year 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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