Greif fiscal Q3 revenue beats estimates on higher prices
GEF•Dividend increase and share repurchases
The company raised its quarterly dividend by 10.7% and plans to start share repurchases.
Fiscal Q3 results beat revenue estimates
Greif said fiscal third-quarter revenue rose and beat analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q3 Revenue | Beat | $1.17 bln | $1.09 bln (4 Analysts) |
| Q3 Net Income | $81.60 mln | ||
| Q3 Gross Profit | $272.60 mln | ||
| Q3 Operating Profit | $107.90 mln |
Fiscal 2026 outlook and business conditions
Greif expects fiscal 2026 adjusted EBITDA between $615 mln and $635 mln.
The company forecasts fiscal 2026 adjusted free cash flow of $305 mln to $325 mln.
Greif said industrial demand remains subdued and geopolitical uncertainty continues to create volatility.
Higher prices and cost cuts drove profit growth
Adjusted net income and adjusted EBITDA increased sharply year over year, driven by higher prices and cost cuts.
- Revenue growth in Customized Polymer Solutions and Durable Metal Solutions was mainly driven by higher average selling prices.
- The company achieved $90 mln in cumulative run-rate savings on its cost optimization program, supporting margin expansion.
