Greif Q3 sales rise to $1.45 billion, but adjusted EBITDA falls 14.5%
Greif reported fiscal third-quarter 2024 results for the period ended July 31, 2024. Net sales rose to $1,454.2 million, but net income attributable to Greif fell 3.5% to $87.1 million, and adjusted EBITDA fell 14.5% to $193.7 million, while net debt rose $701.5 million to $2,715.3 million, which matters to shareholders because it increases financial leverage even as the company raised its quarterly dividend.
Key points
- Net sales increased to $1,454.2 million from $1,330.3 million a year earlier, mainly on higher average selling prices and volumes.
- Diluted earnings per Class A share were $1.50, versus $1.55 a year earlier; excluding adjustments, they were $1.03, versus $1.75.
- Net debt rose to $2,715.3 million and the leverage ratio increased to 3.66x from 2.17x in the prior-year quarter.
- The Board declared a quarterly dividend of $0.54 per Class A share, up 2 cents from the prior quarter, payable October 1, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 03, 2024.
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.