earnings
confidence high
sentiment positive
materiality 0.75
Greif reports record free cash flow, adjusted EBITDA up; announces $300M Lee Container acquisition
GREIF, INC
- Q4 adjusted EPS $1.83 vs $1.93 prior year; net income $99.5M vs $104.5M.
- Record full-year adjusted free cash flow of $506.3M; adjusted EBITDA $917.5M, up 20% YoY.
- Leverage ratio improved to 1.73x, below target range of 2.0x-2.5x.
- Announced $300M cash acquisition of Lee Container Corp., expected close December 2022.
- Repurchased ~$11M of Class B shares in Q4.