earnings
confidence high
sentiment positive
materiality 0.75
Greif Q3 net income rises to $141.8M ($2.36 EPS); adjusted EBITDA $251M; launches $150M buyback
GREIF, INC
- Net income $141.8M ($2.36 diluted Class A EPS) vs $113.0M ($1.89) a year ago; adjusted net income $141.7M ($2.35).
- Adjusted EBITDA $251.0M vs $237.8M; adjusted free cash flow $175.8M (record); operating cash flow $209.3M.
- Leverage ratio improved to 1.99x from 2.12x sequentially and 2.80x prior year; total debt down $208.9M to $2,058.7M.
- Board authorized $150M share repurchase program; initiated $150.0M buyback.