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Greif (GEF) investor relations material
Greif Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Entered 2026 with strong momentum, executing the Build to Last strategy, delivering solid Q1 results, and significant cost optimization and share repurchases.
Net income for Q1 2026 surged to $182.9 million, primarily due to a $216.2 million gain from the Soterra/timberlands divestiture.
Adjusted EBITDA grew 24% year-over-year to $122.5 million, with margin up 260 basis points.
The Containerboard Business was divested in August 2025 for $1.8 billion; results now reflect only continuing operations.
Financial highlights
Adjusted EBITDA rose to $122.5 million from $98.8 million year-over-year; margin improved from 9.7% to 12.3%.
Adjusted Class A EPS increased 140% to $0.48, driven by higher EBITDA and lower interest expense.
Adjusted free cash flow was a use of $41.0 million, impacted by the absence of divestment contributions.
Leverage ratio improved to 1.2x from 3.6x year-over-year.
Cash and cash equivalents at quarter-end were $243.5 million.
Outlook and guidance
2026 low-end guidance reaffirmed: Adjusted EBITDA of $630 million and Adjusted Free Cash Flow of $315 million.
Management expects continued softness in the industrial economy, with no significant demand inflection anticipated for the year.
Tax rate for 2026 expected between 26.0% and 30.0% (excluding adjustments: 28.0%–32.0%).
Operating cash flows and credit facilities are expected to be sufficient to fund liquidity needs for at least 12 months.
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Mixed results in 3Q, but key segments are recovering and record 4Q is expected. - SH
Sales rose but higher costs and flat state funding drove a significant operating loss. - APTUS
AUM up 21% YoY, profit up 26%, ROE at 20.2%, and strong asset quality and liquidity. - 1803
Profits and margins soared, with forecasts and dividends raised on robust order growth. - 7988
Operating profit margin held at 14.4% with higher dividends and a positive FY2025 outlook. - 4188
Net income surged on asset sales, but profit guidance was cut due to restructuring costs. - 4183
Sales and profits fell, guidance was cut, and major shareholder returns were announced. - NDA
FY 2025/26 EBT guidance raised as strong metal prices offset lower TC/RCs and higher costs. - 5411
Profits and revenue fell year-over-year, but India JV targets future overseas growth. - KESKOB
Profit and revenue rose in all divisions in 2025, with a positive outlook for 2026.
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