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Oct 31, 2024
Greif Q4 2024 Earnings Report
Greif reported a solid fourth quarter and full year 2024 result, navigating an extended period of industrial contraction and making strides in its Build to Last strategy.
Key Takeaways
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.
Net income decreased 6.5% to $63.4 million, or $1.08 per diluted Class A share.
Adjusted EBITDA decreased 2.0% to $197.6 million.
Net sales increased in both Global Industrial Packaging and Paper Packaging & Services segments.
The company is targeting $100 million of structural cost optimization.
Revenue by Segment
Forward Guidance
The company provided low-end guidance based on the continuation of demand trends reflected in the past year, current price/cost factors in Paper Packaging and Services, and other identifiable discrete items.
Positive Outlook
- Adjusted EBITDA is expected to be $675 million.
- Adjusted free cash flow is expected to be $225 million.
Challenges Ahead
- Markets have experienced a multi-year period of industrial contraction.
- No compelling demand inflection on the horizon.
- Guidance is based on the continuation of demand trends reflected in the past year.
- Guidance is based on current price/cost factors in Paper Packaging and Services.
- Fiscal 2025 net income guidance is not provided due to the potential for variability and difficulty in forecasting certain items.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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