earnings
confidence high
sentiment negative
materiality 0.85
Greif Q4 net income down 6.5% to $63.4M, EPS $1.08; FY adjusted EBITDA -15.6%; announces $100M cost cut plan
GREIF, INC
- Q4 net income $63.4M ($1.08 diluted EPS) vs $67.8M ($1.16) last year; adjusted EPS $1.13 vs $1.59.
- FY net income $262.1M ($4.52 EPS) vs $359.2M ($6.15); adjusted EBITDA $694.2M, down 15.6%.
- Total debt $2,740.6M, leverage ratio 3.53x vs 2.2x a year ago; net debt $2,542.9M.
- Announced target to eliminate $100M of structural costs via SG&A rationalization, network optimization, operational efficiency.
- Segment structure changes to four new segments (Customized Polymer, Durable Metal, Sustainable Fiber, Integrated) starting Q1 2025.