Greif fiscal Q3 revenue beats estimates on higher prices

Greif

28/07/2026 21:15

Overview
US industrial packaging firm's fiscal Q3 revenue rose and beat analyst expectations
Adjusted net income and adjusted EBITDA increased sharply yr/yr, driven by higher prices and cost cuts
Company raised quarterly dividend by 10.7% and plans to start share repurchases

Outlook
Greif expects fiscal 2026 adjusted EBITDA between $615 mln and $635 mln
Company forecasts fiscal 2026 adjusted free cash flow of $305 mln to $325 mln
Greif says industrial demand remains subdued and geopolitical uncertainty continues to create volatility

Result Drivers
HIGHER SELLING PRICES - Revenue growth in Customized Polymer Solutions and Durable Metal Solutions was mainly driven by higher average selling prices
COST OPTIMIZATION - Company achieved $90 mln cumulative run-rate savings on cost optimization program, supporting margin expansion
FOREIGN CURRENCY IMPACT - Positive foreign currency translation contributed to higher net sales in several segments

Company press release: ID:nGNX6bQ9S1

Key Details
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
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the non-paper containers & packaging peer group is "buy."
Wall Street's median 12-month price target for Greif Inc is $75.00, about 6.6% below its July 27 closing price of $80.33
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
July 28 - Illinois Tool Works raises annual profit forecast on strong industrial demand
July 27 - Nucor beats quarterly results on strong pricing, demand
July 28 - France's Verallia H1 revenue falls on lower selling prices

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)