Greif Q1 Earnings Call Highlights

Hilsheimer noted that adjusted free cash flow in the first quarter was lower than the prior year primarily because the prior-year period included cash flow from businesses that have since been divested. Excluding that factor, he said Greif’s “core cash engine and continuing operations improved year-over-year,” supported by EBITDA growth, lower interest expense after deleveraging, and reduced maintenance capital following the company’s containerboard sale.Chief Financial Officer Larry Hilsheimer said adjuste ...