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Oct 31, 2020
Greif Q4 2020 Earnings Report
Greif reported a decrease in net income but an increase in adjusted free cash flow for Q4 2020.
Key Takeaways
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.
Net income decreased to $44.4 million, or $0.74 per diluted Class A share.
Net cash provided by operating activities increased to $200.4 million.
Adjusted free cash flow increased to $173.9 million.
The company was awarded a Gold Rating in sustainability performance for the third consecutive year by EcoVadis.
Forward Guidance
The Company is introducing a quarterly outlook given the continued market unpredictability caused by the COVID-19 pandemic. The Company will revert to annual guidance once the duration and economic impact of the pandemic is better understood.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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