Greif Reports Fourth Quarter and Fiscal 2026 Results
Greif reported fiscal 2026 results with FY net sales of $4.38 billion and adjusted EBITDA of $625.7 million, up 11.7%, while adjusted EPS rose 73.3% to $4.04. Q4 was messier on a GAAP basis: a $6.5 million net loss ($0.11 per diluted Class A share) driven by $36.5 million of impairments tied to the Sweetwater paperboard mill closure, though adjusted EPS improved to $0.87 from $0.58 and Q4 adjusted EBITDA slipped 3.1% to $163.0 million.
Key figures
- Guidance
- Fiscal 2027 low-end guidance: Adjusted EBITDA $645M, Adjusted free cash flow $290M
- Revenue Yoy
- 1.4% (FY26 net sales $4,376.8M vs $4,315.3M); Q4 net sales $1,143.6M vs $1,094.3M
- Net debt
- 800900000
- Total debt
- 1096300000
- Fy net income
- 261500000
- Leverage ratio
- 1.2x (down from 1.7x)
- Fy adjusted eps
- 4.04
- Fy adjusted fcf
- 279300000
- Q4 adjusted eps
- 0.87
- Fy adjusted ebitda
- 625700000
- Q4 adjusted ebitda
- 163000000
- Cost savings target
- $150 million cumulative run-rate by end of fiscal 2027
- Fy share repurchases
- 225200000
- Cost savings achieved
- $105 million cumulative run-rate by end of fiscal 2026
- Q4 impairment charges
- 36500000
- Fy adjusted ebitda yoy
- 11.7%
- Fy adjusted fcf change
- -$101.0 million, below most recent guidance range
- Fy adjusted net income
- 231900000
- Fy diluted eps class a
- 4.54
- Q4 adjusted ebitda yoy
- -3.1%
- Q4 adjusted eps prior year
- 0.58
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