Financial Performance & Divestments - The company divested its Containerboard Business for $1.8 billion[4] and Land Management for $462 million[8], resulting in gross proceeds of $2.3 billion[8] - Adjusted EBITDA increased by 7.4% from $92.1 million in Q4 2024 to $98.9 million in Q4 2025[23, 25] - Adjusted Free Cash Flow improved by 24.3% from $98.6 million to $122.6 million[23, 25] - The company initiates share repurchases of $150 million[34] Cost Optimization & Savings - The company is accelerating its cost optimization program, targeting $80-90 million in run-rate cost savings by the end of FY26[11] - The company is increasing its savings commitment to $120 million by the end of FY27[13, 14] - SG&A rationalization has yielded $35 million in cumulative savings[14] Segment Performance - Customized Polymer Solutions net sales increased from $199.0 million to $205.4 million, with gross profit margin improving from 20.0% to 22.2%[26] - Durable Metal Solutions net sales decreased from $259.5 million to $247.3 million, but gross profit margin improved from 19.2% to 20.3%[26] - Sustainable Fiber Solutions net sales decreased from $208.2 million to $196.6 million, but gross profit margin improved from 19.6% to 24.9%[26] FY26 Guidance - The company provides low-end 2026 guidance for Adjusted EBITDA of $630 million[29] and Adjusted Free Cash Flow of $315 million[29]

Core Insights - Greif, Inc. reported significant financial results for the two-month fourth quarter and eleven-month fiscal year 2025, highlighting a substantial decrease in net income and changes in operational performance due to the divestment of its Containerboard Business [1][2][3]. Financial Performance - For the two-month fiscal fourth quarter of 2025, net income decreased by 227.4% to $(43.3) million, or $(0.73) per diluted Class A share, compared to $34.0 million, or $0.58 per diluted Class A share in the same period of 2024 [6]. - Adjusted EBITDA for the fourth quarter increased by 7.4% to $98.9 million, while combined Adjusted EBITDA decreased by 3.7% to $122.7 million [6]. - For the eleven-month fiscal year, net income decreased by 93.2% to $15.1 million, or $0.28 per diluted Class A share, compared to $220.5 million, or $3.81 per diluted Class A share in the previous year [6]. - Adjusted EBITDA for the eleven-month period increased by 3.1% to $511.3 million, while combined Adjusted EBITDA rose by 10.9% to $702.6 million [6]. Operational Changes - The company divested its Containerboard Business for $1.8 billion, which is now classified as discontinued operations starting in Q3 2025 [2][3]. - The fiscal year-end was changed to September 30, resulting in an 11-month fiscal year for 2025 [3]. Debt and Cash Flow - Total debt decreased by $1,538.1 million to $1,202.5 million, and net debt decreased by $1,597.1 million to $945.8 million, leading to a leverage ratio reduction to 1.63x from 3.48x [7]. - Net cash provided by operating activities decreased by $376.5 million to a use of $244.7 million for the fourth quarter, while adjusted free cash flow increased by $24.0 million to $122.6 million [6]. Strategic Actions - The company achieved cost optimization run-rate savings of approximately $50 million by the end of fiscal year 2025 and increased its anticipated cost optimization commitment to $120 million [15]. - Plans for share repurchases in 2026 reflect confidence in the company's earnings power and operational leverage [9]. Market Outlook - The company noted a multi-year period of industrial contraction with no compelling demand inflection identified, leading to conservative guidance for fiscal 2026 [31][32]. - The low-end guidance for fiscal 2026 includes an estimated Adjusted EBITDA of $630 million and Adjusted Free Cash Flow of $315 million [32].

Core Points - Greif, Inc. has completed the sale of its timberlands business to Molpus Woodlands Group for approximately $462 million after adjustments [1][2] - The sale is part of Greif's strategy to achieve the highest return on invested capital and is expected to lower the company's leverage ratio below 1.2x, enhancing its balance sheet and providing significant interest savings for fiscal 2026 [2] Company Overview - Greif, Inc. is a global leader in performance packaging, operating in 40 countries and providing innovative and tailored solutions for various industries [3] - The company emphasizes customer service, operational excellence, and sustainability in its packaging solutions [3]

Core Viewpoint - Greif, Inc. has appointed Dennis Hoffman as Senior Vice President, General Counsel, and Corporate Secretary, succeeding Gary Martz, who will retire on November 30, 2025 [1][3]. Group 1: Leadership Transition - Dennis Hoffman brings extensive experience in corporate law, governance, mergers and acquisitions, joint ventures, and environmental compliance, having worked closely with Gary Martz for the past 15 years [2]. - Ole Rosgaard, President and CEO, expressed confidence in Hoffman's leadership and business orientation, stating he is well-suited to guide Greif's legal, compliance, and governance agenda [3]. - Gary Martz has served in his role for over two decades, significantly contributing to Greif's corporate governance and strategic transactions, and will assist in the transition until his retirement [3]. Group 2: Company Overview - Greif, founded in 1877, operates in 40 countries and is a leader in performance packaging, providing innovative and tailored solutions for various industries [4]. - The company emphasizes customer service, operational excellence, and sustainability, aiming to create lasting value for stakeholders [4].

Core Points - Greif, Inc. will report its 2025 fourth quarter financial results on November 5, 2025, after market close [1] - A conference call to discuss the results will take place on November 6, 2025, at 8:30 a.m. ET [1] - The company will provide conference call slides along with the earnings press release [2] Conference Call Details - Participants can access the call through an online registration link, receiving a confirmation with dial-in details and a unique conference call code [3] - Phone lines will open at 8:00 a.m. ET on November 5, 2025 [3] - A digital replay of the conference call will be available two hours after the call on the company's website [3] Company Overview - Greif, founded in 1877, is a global leader in performance packaging, operating in 40 countries [4] - The company focuses on delivering innovative and tailored solutions for demanding industries, emphasizing customer service, operational excellence, and sustainability [4] - Greif's product offerings include Customized Polymer, Sustainable Fiber, Durable Metal, and Integrated Solutions [4]

Financial Performance - Adjusted EBITDA increased to $160.7 million compared to $157.0 million in Q3 FY24[15] - Adjusted EBITDA percentage improved to 14.2% from 13.5% in Q3 FY24[15] - Adjusted Class A Earnings Per Share increased to $1.03 from $0.92 in Q3 FY24[15] - Adjusted Free Cash Flow significantly increased to $170.7 million from $34.3 million in Q3 FY24[15] Portfolio Transformation - The company entered into a definitive agreement to divest the Containerboard business for $1.8 billion, expected to close effective August 31st, 2025[4] - The company also entered into a definitive agreement to divest the Land Management business for $462 million ($2,671/acre), anticipated October 1st[6,17] - Post-close, the anticipated proforma leverage ratio is less than 1.2x, targeting a range of 2.0 – 2.5x[6] Cost Optimization - The company achieved $20 million in run-rate savings as of Q3'25[6] - The company is committed to achieving $100 million in run-rate savings by 2027[6] - The company announced the closure of the Merced, CA steel and polymer plant as part of cost optimization efforts[6,17] Segment Performance - Customized Polymer Solutions net sales increased from $314.7 million to $339.8 million[18] - Durable Metal Solutions net sales decreased from $424.1 million to $399.8 million[18] - Sustainable Fiber Solutions net sales decreased from $325.6 million to $308.0 million[18] - Integrated Solutions net sales slightly increased from $86.2 million to $87.1 million[18] Guidance - The company provided 2025 Adjusted Free Cash Flow guidance of $305 - $315 million[22]

Core Insights - Greif, Inc. reported fiscal third quarter 2025 results, highlighting a significant decrease in net income primarily due to a prior year gain from divestiture [1][6] - The company is in the process of divesting its containerboard business for $1.8 billion, which will be classified as discontinued operations starting Q3 2025 [2][6] Financial Highlights - Net income decreased by 49.6% to $39.3 million or $0.67 per diluted Class A share compared to $78.0 million or $1.35 per diluted Class A share in Q3 2024 [6] - Adjusted EBITDA increased by 2.4% to $160.7 million compared to $157.0 million in the prior year [6] - Combined Adjusted EBITDA rose by 11% to $220.9 million from $199.4 million [6] - Net cash provided by operating activities increased by $123.1 million to $199.9 million [6] - Adjusted free cash flow increased by $136.4 million to $170.7 million [6] Segment Performance - Customized Polymer Solutions net sales increased by $25.1 million to $339.8 million, driven by higher volumes and selling prices [10] - Durable Metal Solutions net sales decreased by $24.3 million to $399.8 million, primarily due to lower volumes [14] - Sustainable Fiber Solutions net sales decreased by $17.6 million to $308.0 million, impacted by lower volumes [16] - Integrated Solutions net sales decreased by $13.4 million to $87.1 million, affected by the Delta Divestiture [18] Strategic Actions - The company achieved run-rate savings of $20 million from cost optimization initiatives by the end of Q3 2025, already at the midpoint of its $15 - $25 million target range [6] - A definitive agreement was signed for the sale of the timberlands business for $462 million, expected to close on October 1, 2025 [6] Dividend Information - The Board of Directors declared quarterly cash dividends of $0.56 per share for Class A Common Stock and $0.84 per share for Class B Common Stock, reflecting an increase from the previous quarter [22]

Core Insights - Greif, Inc. (GEF) reported adjusted earnings per share (EPS) of $1.19 for Q2 fiscal 2025, exceeding the Zacks Consensus Estimate of $1.08, marking a year-over-year increase of 43.4% [1][10] - Total revenues increased by 1.1% year over year to $1.39 billion, although this fell short of the Zacks Consensus Estimate of $1.43 billion [2][10] - The gross margin improved to 23.1%, up from 19.7% in the prior year, with gross profit rising 18.3% to $319.5 million [2][10] Financial Performance - Selling, general and administrative expenses rose to $173 million from $167 million in the prior year [3] - Adjusted EBITDA increased by 26% year over year to $214 million, with an adjusted EBITDA margin of 15.4%, compared to 12.4% in the previous year [3][10] - Cash and cash equivalents at the end of Q2 fiscal 2025 were $253 million, up from $198 million at the end of fiscal 2024, with cash generated from operating activities totaling $136 million compared to $87.5 million in the prior year [9] Segment Performance - Customized Polymer Solutions segment revenues were $329 million, up from $286 million year over year, with adjusted EBITDA of $53 million, exceeding estimates [5] - Durable Metal Solutions segment revenues decreased by 8.4% year over year to $379 million, with adjusted EBITDA of $63.7 million, slightly lower than the previous year [6] - Sustainable Fiber Solutions segment revenues grew by 3.3% year over year to $599 million, with adjusted EBITDA rising to $79.5 million from $49.5 million in the prior year [7] - Integrated Solutions segment revenues fell to $78 million from $92 million year over year, with adjusted EBITDA of $17.3 million compared to $20.8 million in the previous year [8] Outlook - Greif raised its fiscal 2025 adjusted EBITDA low-end forecast to $725 million from $710 million [10][12] - The company expects the low end of fiscal 2025 adjusted free cash flow to be $280 million [12] Dividend Announcement - Greif's board announced a quarterly cash dividend of 54 cents per share for Class A Common Stock and 81 cents per share for Class B Common Stock, payable on July 1, 2025 [11] Stock Performance - Greif's shares have declined by 9.5% over the past year, compared to an 8.4% decline in the industry [13]

Financial Performance - Adjusted EBITDA for Q2 2025 was $213.9 million, compared to $169.7 million in Q2 FY24[17] - Adjusted EBITDA percentage increased to 15.4% in Q2 2025 from 12.4% in Q2 FY24[17] - Adjusted Class A Earnings Per Share increased to $1.19 in Q2 2025 from $0.83 in Q2 FY24[17] - Adjusted Free Cash Flow increased to $109.6 million in Q2 2025 from $59.0 million in Q2 FY24[17] - The company is raising the low-end guidance for Adjusted EBITDA to $725 million (previously $710 million) and Adjusted Free Cash Flow to $280 million (previously $245 million)[23] Segment Performance - Customized Polymer Solutions net sales increased to $329.3 million in Q2 2025 from $285.6 million in Q2 2024[20] - Durable Metal Solutions net sales decreased to $378.9 million in Q2 2025 from $413.7 million in Q2 2024[20] - Sustainable Fiber Solutions net sales increased to $599.1 million in Q2 2025 from $580.1 million in Q2 2024[20] - Integrated Solutions net sales increased to $78.4 million in Q2 2025 from $76.4 million in Q2 2024[20] Cost Optimization - The company is on pace to meet its 2025 run-rate cost commitment of $100 million[7] - The company has a savings commitment of $15-25 million for FY25 run-rate[7] - The company achieved $10 million in year-end run-rate savings as of Q2 2025[7] Other Key Points - The company anticipates a maximum annual impact of $10 million in cost before mitigating actions due to global trade monitoring[16]

Core Viewpoint - Greif, Inc. (GEF) is expected to report second-quarter fiscal 2025 financial results on June 4, with total revenues projected at $1.43 billion, reflecting a 4% increase year-over-year, and earnings estimated at $1.08 per share, indicating a 31.7% rise from the previous year [1][5]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for total revenues in Q2 is $1.43 billion, a 4% increase from the prior year's quarter [1]. - Earnings per share are estimated at $1.08, representing a 31.7% increase year-over-year [1][5]. - Earnings estimates have decreased by 2.7% over the past 60 days [1]. Earnings Surprise History - Greif's earnings have surpassed Zacks Consensus Estimates in two of the last four quarters, with an average surprise of -11.67% [2][3]. Segment Performance - Customized Polymer Solutions segment is projected to see a revenue increase of 23.1% to $351.5 million in Q2, driven by a 2.2% volume growth and a 2.1% favorable pricing impact [9][10]. - Durable Metal Solutions segment is expected to decline by 6.7% in revenue to $386 million, with a projected 2% drop in volumes [12]. - Sustainable Fiber Solutions segment is anticipated to grow 4.1% in revenue to $603.8 million, supported by a 1.1% volume increase and a 3.1% favorable pricing impact [14]. - Integrated Solutions segment is projected to decline by 11.7% in revenue to $80.8 million, impacted by unfavorable pricing and foreign currency effects [15]. Adjusted EBITDA Projections - Adjusted EBITDA for Q2 is forecasted to rise by 10.8% to $188 million, aided by efficiency gains and SG&A rationalization [5][16]. Stock Performance - Greif's stock has decreased by 13.9% over the past year, compared to a 10.8% decline in the industry [19].