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Broke on Nov 06, 2026 · measured target $65.23 (-10%). Details →
Nov 6, 5:14 PM ET
Greif reported fourth-quarter and fiscal 2026 results for the year ended September 30, 2026. Full-year net income rose to $261.5 million, and Adjusted EBITDA rose 11.7%, while fourth-quarter Adjusted EBITDA fell 3.1% to $163.0 million and Adjusted free cash flow of $279.3 million was below the company's most recent guidance range. The company also gave fiscal 2027 low-end guidance of $645 million Adjusted EBITDA and $290 million Adjusted free cash flow.
- Fiscal 2026 net income was $261.5 million, or $4.54 per diluted Class A share, versus $31.6 million, or $0.55, a year earlier.
- Fourth-quarter net loss narrowed to $6.5 million, or $0.11 per diluted Class A share, from a net loss of $24.3 million, or $0.42, a year earlier.
- Company will close its Sweetwater paperboard mill in Austell, GA, and has achieved $105 million in cumulative run-rate cost savings, with a new target of $150 million by the end of fiscal 2027.
- Fiscal 2027 low-end guidance: Adjusted EBITDA of $645 million and Adjusted free cash flow of $290 million.
Read the filing on SEC.gov ↗
Jul 31, 11:54 AM ET
Greif reported fiscal third-quarter 2026 results for the period ended June 30, 2026, with net income up 156.7% year over year and adjusted EBITDA up 24.7% to $183.4 million. The company also raised its quarterly dividend by 10.7%, cut net debt by $1,689.9 million to $741.9 million, and said it will begin executing share repurchases under a new plan.
- Net income of $78.8 million, or $1.37 per diluted Class A share, versus $30.7 million, or $0.53, a year earlier
- Adjusted EBITDA of $183.4 million, up 24.7% from $147.1 million; net sales of $1,165.6 million, up from $1,125.9 million
- Fiscal 2026 Adjusted EBITDA outlook of $615 million to $635 million and Adjusted free cash flow outlook of $305 million to $325 million
Read the filing on SEC.gov ↗
May 14, 5:09 PM ET
On May 11, 2026, Greif's U.S. subsidiaries replaced their $275 million receivables financing facility, which was set to mature May 15, 2026, with a $200 million facility led by PNC Bank, National Association, as agent. The filing says the prior facility was terminated by mutual consent with no material early termination penalty, and that the new facility's commitment termination date is May 11, 2027. The new facility is smaller than the one it replaced, and the company has guaranteed the subsidiaries' performance under it.
- Fourth Amended and Restated Transfer and Administration Agreement dated May 11, 2026, with PNC Bank, National Association, provides for a $200 million Receivables Facility.
- Existing Third Amended and Restated Transfer and Administration Agreement with Bank of America, N.A., provided for a $275 million facility; it was terminated May 11, 2026, with obligations satisfied by the new facility.
- Commitment termination date is May 11, 2027; Greif Funding may terminate at any time on five days' prior written notice.
- Facility bears variable interest tied to SOFR or a base rate plus a margin, payable monthly, and is secured by certain U.S. trade receivables.
Read the filing on SEC.gov ↗
May 1, 9:16 AM ET
Greif reported fiscal second-quarter 2026 results for the quarter ended March 31, 2026. Net income attributable to Greif fell 32.3% to $12.6 million, or $0.22 per diluted Class A share, while net income excluding adjustments rose 57.5% to $62.7 million, or $1.10 per share. The company reduced its low-end fiscal 2026 Adjusted EBITDA guidance, citing the Middle East conflict, so the weaker outlook offsets improved adjusted profit for shareholders.
- Net sales were $1,072.8 million, compared with $1,078.4 million a year earlier.
- Adjusted EBITDA rose 7.5% to $156.8 million; net debt was $719.8 million and the leverage ratio fell to 1.1x from 3.3x.
- Low-end fiscal 2026 guidance: Adjusted EBITDA of $610 million and adjusted free cash flow of $315 million.
- The $150.0 million share repurchase program was completed on April 15, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.