Greif Stock Earnings Reports

Q1 FY2026 highlights: Greif delivered solid results despite a muted industrial backdrop—adjusted EBITDA rose 24% year-over-year and margins expanded 260 basis points to 12.3%. Volumes were down mid-single digits overall, with pockets of strength (small plastics/IBCs) and continued softness in metals and fiber converting. Management reaffirmed full-year guidance: $630 million adjusted EBITDA and $315 million adjusted free cash flow with an expected ~50% cash conversion. Cost optimization progress is a key driver: run-rate savings are $65 million (targeting $80–90 million by year-end). Balance sheet and capital allocation: leverage is low (around 1.2x), $130 million of a $150 million repurchase was completed in Q1, and the Board approved a new $300 million buyback authorization (targeting up to ~2% of shares annually). Management is prioritizing high-return organic growth (growth CapEx in small-format plastics and select regions), continuing structural transformation (commercial organization changes), and selective tuck-in M&A. New product/technology ramps (SIOC barrier technology) are underway but not yet material to 2026 results.