Greif, Inc. Q2 2026 Earnings Release

Greif, Inc. announced its fiscal second quarter 2026 financial results, reporting a decrease in net income to $12.6 million ($0.22 per diluted Class A share) from $18.6 million ($0.32 per diluted Class A share) in the prior year quarter. However, net income excluding certain adjustments increased by 57.5% to $62.7 million ($1.10 per diluted Class A share). Adjusted EBITDA saw a 7.5% increase, reaching $156.8 million, driven by effective cost optimization measures and value-based pricing strategies. The company reported a significant strengthening of its balance sheet, with total debt decreasing substantially due to the divestiture of its containerboard business and timberlands. The leverage ratio improved to 1.1x from 3.3x. Greif completed a $150 million share repurchase program and refinanced its long-term debt, securing favorable interest rates. The company is maintaining a conservative outlook due to ongoing geopolitical developments, particularly the conflict in the Middle East, which has led to a revision of its full-year Adjusted EBITDA guidance downwards. Despite a challenging industrial environment, Greif emphasizes its focus on operational execution, cost control, and disciplined capital deployment, prioritizing organic growth, dividend increases, and share repurchases.