BriefIQ Markets · 8-K

Strong quarterly profit growth, deleveraging and shareholder returns offset mixed demand and weaker cash flow

SEC filed 31-Jul-2026 BriefIQ published 31-Jul-2026 16:06

Key Facts

Fiscal third-quarter net income increased to $78.8 million, or $1.37 per diluted Class A share, from $30.7 million, or $0.53 per diluted Class A share.
Adjusted third-quarter results improved, with adjusted EBITDA of $183.4 million and adjusted net income of $93.3 million, or $1.61 per diluted Class A share.
Greif reported $77.8 million of net cash provided by operating activities and $57.7 million of adjusted free cash flow; management noted that comparative adjusted free cash flow included the Containerboard Business.
Debt and leverage declined materially: net debt was $741.9 million and the leverage ratio was 1.1x, compared with 3.1x in the prior comparison period.
Greif increased its quarterly dividend by 10.7% and announced its intention to begin executing share repurchases under its existing authorizations.
The cost optimization program reached $90 million of cumulative run-rate savings, and Greif reaffirmed its expectation to achieve at least $120 million by the end of fiscal year 2027.

The board increased the quarterly dividend by 10.7%; quarterly dividends of $0.62 per Class A share and $0.93 per Class B share, totaling approximately $35.2 million, were paid by July 1, 2026.
Greif completed its bolt-on acquisition of Envaplast on June 2, 2026; the business primarily serves agrochemical markets.
Greif achieved $90 million of cumulative run-rate cost-optimization savings, the high end of its fiscal-year commitment, and reaffirmed its expectation of at least $120 million by the end of fiscal 2027.

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