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AI brief of an SEC Form 8-K · Greif (GEF)

Greif cuts low-end FY2026 EBITDA guidance to $610 million as Q2 net income falls

Mixed Impact 4 of 5 guidance Written later

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.

Key points

  • 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.

The filing

CompanyGreif (GEF)
Form8-K, current report
Filed with the SECMay 1, 2026, 9:16 AM ET
Accession number0001628280-26-029130

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing 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 May 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.