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GEF B — Greif News Story

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Greif fiscal Q3 revenue beats estimates on higher prices

Greif fiscal Q3 revenue beats estimates on higher prices


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.)

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