GEF
Greif, Inc.69.43
-0.68-0.97%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Organic growth tactics detailed
Q&A largely reaffirmed prepared remarks and low-end guidance amid softer-than-expected Q1 volumes, but surfaced details on management's aggressive organic push: transforming commercial teams from farmers to hunters with new incentives yielding early customer wins, plus targeted growth CapEx in Europe, Africa mining, India, and Singapore. They highlighted SIOC barrier tech ramping with machines in France and more ahead, though minimal 2026 impact. Analysts pressed on volume ramp, housing dormancy, and fiber price/cost—management stayed confident via sequential improvements and cost cuts. Buyback commitment doubled to $300M targeting 2% annually. Hunters are hunting. Investors will eye volume inflection and organic execution.
Key Stats
Market Cap
4.03BP/E (TTM)
28.69Basic EPS (TTM)
2.42Dividend Yield
0.03%Recent Filings
8-K
Greif refinances $1.3B credit
Greif refinanced its credit facilities on February 27, 2026, with a new $900M agreement: $800M revolving (maturing 2031) and $100M term A-1 loan, plus a separate $400M CoBank term loan. Proceeds repaid prior agreements; covenants cap leverage at 4.0x (3.75x during collateral release). Lenders secured first liens on assets. Longer maturities extend liquidity runway.
8-K
Greif recasts 2025 quarters
Greif recast 2025 quarterly results under new fiscal year ending September 30—effective October 1, 2025—after divesting its Containerboard Business on August 31 and reshuffling products into Innovative Closure Solutions, Durable Metal Solutions, and Sustainable Fiber Solutions. Total net sales ranged $1,016.7M to $1,125.9M across recast quarters; Adjusted EBITDA climbed to $168.2M by Q4. Recasts aid segment clarity. No new results here.
8-K
Stockholders approve board, auditors
Greif stockholders overwhelmingly elected all ten board nominees at the February 23, 2026 annual meeting, with votes ranging 16-17 million FOR despite some withheld support for directors like Frank C. Miller (1.2M withheld). They ratified Deloitte & Touche as FY2026 auditors (19M FOR) and approved NEO compensation on advisory basis (17.2M FOR). Continuity intact.
8-K
EBITDA jumps 24%, leverage at 1.2x
Greif posted Q1 fiscal 2026 adjusted EBITDA up 24% to $122.5 million from continuing operations, fueled by $65 million in run-rate cost cuts amid muted demand. Leverage plunged to 1.2x after divesting timberlands; repurchased $130 million in shares. Reaffirming low-end FY2026 guidance of $630 million adjusted EBITDA. Cash flow burned in seasonally weak quarter.
10-Q
Q1 FY2026 results
Greif's Q1 FY2026 sales dipped 2.2% y/y to $994.8M amid lower volumes, yet gross profit edged up to $202.6M with margins expanding from 19.6% to 20.4% on lower raw material costs. Operating profit exploded to $256.6M from $34.1M, fueled by a $215.7M gain on the Soterra timberland divestiture closed October 1, 2025 for $462.0M; underlying Adjusted EBITDA rose 24% to $122.5M (not disclosed in the 10-Q). Diluted Class A EPS hit $2.97 from $0.39, reconciling to 26.5M shares. Debt fell to $655.1M long-term plus $288.9M short-term, with $243.5M cash; $128.1M share repurchases executed. Operating cash flow swung to $(24.4)M use. Soft industrial demand lingers.
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