Greif Q2 net income falls 60% to $44.4M; adjusted EBITDA down 26% to $169.9M

GREIF, INC

Diluted EPS of $0.77 vs $1.90 YoY; adjusted EPS of $0.82 vs $1.77.
Operating cash flow declined $123.3M to $87.5M; adjusted free cash flow fell to $59.0M.
Total debt rose $626.9M to $2,916.1M; net debt $2,720.1M, leverage ratio 3.44x.
Completed Ipackchem acquisition on March 26, 2024; Investor Day set for Dec 11, 2024.
CEO says results exceeded expectations but impacted by negative price/cost in paper business.

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