Greif Q3 net income down 3.5% to $87.1M; adjusted EPS falls 41.6% to $1.03

GREIF, INC

Net income $87.1M ($1.50 diluted EPS), down 3.5% YoY; adjusted net income $59.6M ($1.03), down 41.6%.
Adjusted EBITDA $193.7M, down 14.5%; leverage ratio rose to 3.66x from 2.17x a year ago.
Completed divestment of Delta Petroleum July 31; proceeds used to reduce debt.
Quarterly dividend increased: Class A +2¢, Class B +3¢; Investor Day set for Dec 11, 2024.

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