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Greif projects adjusted EBITDA of $315 million for FY26.
Sees FY26 adjusted free cash flow $315M. The company said, "Our markets have now experienced a multi-year period of industrial contraction, and we have not identified any compelling demand inflection on the horizon. While we believe we are well positioned for an eventual recovery of the industrial economy, at this time we believe it is appropriate to continue to provide only low-end guidance based on the continuing demand trends reflected in the past year, current price/cost factors, other identifiable discrete items, and other identifiable discrete items which we will discuss during our fourth quarter earnings release call."
Greif announces Q4 adjusted EPS of 1 cent, falling short of consensus estimate of 6 cents.
Reports Q4 revenue $701.3M, consensus $714.38M. The company said, "On June 30, 2025, we entered into a definitive agreement to divest our containerboard business, including our CorrChoice sheet feeder system, in an all-cash transaction for $1.8 billion to Packaging Corporation of America. The transaction closed as of August 31, 2025. As a result, the Containerboard Business is presented as discontinued operations beginning in the third quarter of 2025. Unless otherwise noted, the discussions and disclosure tables throughout this press release relate only to our continuing operations. We have changed our fiscal year end to end on September 30, effective for the 2025 fiscal year. As a result, our fourth fiscal quarter of 2025 consists of a two-month period and our fiscal year of 2025 consists of an 11-month period, each ended September 30, 2025. Our discussions and disclosure tables compare both the two-month and eleven-month periods ended September 30, 2025, to the two-month and 11-month periods ended September 30, 2024, respectively."
Greif Finalizes Sale of Timberlands Division to Molpus Woodlands
Greif announced that it has completed the previously announced sale of its timberlands business to Molpus Woodlands Group, on behalf of clients, for approximately $462M after adjustments. "The closing of this sale reinforces the commitment of Greif to pursue the highest return on invested capital across our portfolio." said Ole Rosgaard, President and CEO of Greif. "Combined with the recently completed sale of our containerboard business, these cash proceeds are expected to put our leverage ratio below 1.2x, strengthening our balance sheet and providing significant interest savings heading into fiscal 2026."
Greif names Hoffman as General Counsel
Greif announced that Dennis Hoffman has been appointed Senior Vice President, General Counsel and Corporate Secretary. Hoffman succeeds Gary Martz, who will retire from Greif on November 30, 2025, as previously announced.
Greif Increases Dividends for Class A and Class B Shares
Greif announced that its board of directors has declared quarterly cash dividends of 56c per share on its Class A Common Stock, and 84c per share on its Class B Common Stock. Dividends are payable on October 1, 2025, to stockholders of record at the close of business on September 16, the company stated. "As highlighted in our 2024 Investor Day, regular dividend payments are an important part of our disciplined capital allocation framework. We are pleased to continue creating value for our shareholders by increasing our dividend and will remain diligent in executing on our holistic capital allocation strategy following the anticipated receipt of the proceeds from the Containerboard and Timberlands divestments," said Larry Hilsheimer, Greif's Executive Vice President and Chief Financial Officer. On July 1, Greif previously paid a quarterly cash dividend of 54c per share on its Class A Common Stock and 81c per share on its Class B Common Stock.
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