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GEF News
GEF Events
Greif Declares Quarterly Cash Dividend of $0.62 per Share
Greif announced that its board of directors has declared quarterly cash dividends of 62c per share on its Class A common stock, and 93c per share on its Class B common stock. Dividends are payable on July 1 to stockholders of record at the close of business on June 17.
Company Adjusts FY26 Free Cash Flow Outlook to At Least $315M
Backs FY26 adjusted free cash flow view at least $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, both in the current year and in the past year, and current price/cost factors. As a result of current and anticipated consequences of the Middle East conflict, we have reduced our low-end annual Adjusted EBITDA guidance. Call-in details are provided below."
Greif Reports Q2 Revenue of $1.07B, Below Consensus
Reports Q2 revenue $1.07B, consensus $1.1B. The company said, "Greif delivered a resilient second quarter in a continued soft industrial environment. Demand remains subdued, and our results reflect the reality of the markets we serve. That said, we executed well on the factors within our control. Adjusted EBITDA increased 7.5% with margin expansion, and we generated strong adjusted free cash flow of $179 million reflecting disciplined operations and a structurally stronger cash generation profile. We have also significantly strengthened our financial position. At 1.1x leverage, our balance sheet provides flexibility to invest in the business, return capital to shareholders, and navigate ongoing uncertainty from a position of strength. Our strategy remains consistent. We are building for organic growth through operational execution, commercial discipline, and continuous improvement, while complementing that with targeted tuck-in M&A, where we will remain selective and focused on value. We are not yet seeing a demand inflection, and geopolitical developments, including the ongoing conflict in the Middle East, continue to weigh on industrial activity. As a result, we are taking a more conservative outlook and managing the business accordingly, with a focus on cost control, cash generation, and disciplined execution. The actions we have taken over the past year are strengthening Greif structurally. We are a more focused, more resilient, and more cash-generative company, better positioned to outperform through the cycle."
S&P 500 Rises for Fifth Consecutive Day, Tech Stocks Lead
The S&P 500 closed higher for the 5th consecutive session on Tuesday, with Tech and Utilities as the top performing sectors, and while the index continues to flirt with the 7,000 level, a breach remains elusive. This may finally change on Wednesday however, as the earnings calendar finally arrived for the Tech heavyweights with reports from notable Hardware names, and the results have not disappointed. Afterhours, Texas Instrumentsis up over 8% and Seagateis up 8% following results, while Western Digitalis up 6% and Sandiskis up 3% in sympathy. Futures are also pointing higher - S&P e-minis are up 0.1% and Nasdaq 100 contract is up 0.3%,In commodities, precious metals are on offense one againafter a day of consolidation with gold above $5,160 and Silver above $112 as President Trump was explicit in his comments that he is not concerned with weaker US Dollar over the past few days. In commodities, WTI Crude Oil is also adding to gains above $62 per barrel level in the wake of API inventories data showing a modest draw after two weeks of relatively large builds.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Strideup 31.2%F5, Inc.up 10.4%Texas Instrumentsup 8.5%Seagateup 7.8%; Western Digital Corporationup 5.8%; Sandisk Corporationup 3.4% in sympathyNextpowerup 7.8%ALSO HIGHER -LegalZoom.comup 4.5% after S&P SmallCap 600 admissionAmerican Healthcare REITup 4.0% after S&P MidCap 400 admissionAmneal Pharmaceuticalsup 3.6% after S&P SmallCap 600 admissionApellis Pharmaceuticalsup 3.6% after S&P SmallCap 600 admissionDutch Brosup 2.9% after S&P MidCap 400 admissionDOWN AFTER EARNINGS -Qorvodown 10.1%Greifdown 3.3%Logitech International S.A.down 1.3%ALSO LOWER -Venu Holdingdown 18.3% after equity offeringStandardAerodown 4.3% after equity offering
Greif Q1 Revenue at $994.8M, Below Consensus
Reports Q1 revenue $994.8M, consensus $1.01B. "Greif entered fiscal 2026 with strong momentum," said Ole Rosgaard, President and CEO of Greif Inc. "We delivered a 24.0 percent year-over-year increase in Adjusted EBITDA, expanded margins across the business, and executed meaningful cost reductions, all in a muted demand environment. At the same time, we reduced leverage to 1.2x while returning approximately $130.0 million to shareholders through disciplined share repurchases. This performance underscores the strength of our portfolio, the effectiveness of our operating model, and our ability to convert execution into results. Our strategy is working, and we are positioned to continue delivering durable earnings and cash flow improvement."
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