Greif reports $261.5M fiscal 2026 net income, plans Georgia mill closure
The Delaware, Ohio-based packaging manufacturer furnished full-year results to the SEC following its fourth-quarter earnings release.
Delaware, Ohio-based industrial packaging manufacturer Greif, Inc. furnished its fourth-quarter and fiscal 2026 results to the Securities and Exchange Commission on Nov. 6, following its Nov. 3 earnings release. According to the SEC filing, the Delaware County manufacturer maintains its principal executive offices at 425 Winter Road in Delaware, Ohio. For fiscal 2026, Greif reported continuing-operations net sales of $4,376.8 million.
Fiscal 2026 net income increased to $261.5 million, or $4.54 per diluted Class A share, compared to $31.6 million, or $0.55 per diluted Class A share, in fiscal 2025. Company-defined adjusted EBITDA increased 11.7% to $625.7 million, while company-defined net income excluding adjustments rose to $231.9 million, or $4.04 per diluted share. Company-defined adjusted free cash flow reached $279.3 million, falling below internal company guidance primarily due to elevated inventory balances and higher resin costs.
In the fourth quarter, Greif recorded continuing-operations net sales of $1,143.6 million, a net loss of $6.5 million, and company-defined adjusted EBITDA of $163.0 million. Looking ahead to fiscal 2027, Greif projected low-end adjusted EBITDA of $645 million. In its earnings release, Greif also announced a strategic exit from its Coated Recycled Board business with the closure of its Sweetwater paperboard mill in Austell, Georgia.
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Greif Form 8-K filed Nov. 6, 2026 (Items 2.02, 7.01, 9.01)
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Delaware, Ohio-based industrial packaging manufacturer Greif, Inc. furnished its fourth-quarter and fiscal 2026 results to the Securities and Exchange Commission on Nov. 6, following its Nov. 3 earnings release.
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Greif Form 8-K filed Nov. 6, 2026 (Items 2.02, 7.01, 9.01)
According to the SEC filing, the Delaware County manufacturer maintains its principal executive offices at 425 Winter Road in Delaware, Ohio.
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Principal executive offices: 425 Winter Road, Delaware, Ohio 43015.
Supporting evidence (6)
Delaware, Ohio-based industrial packaging manufacturer Greif, Inc. furnished its fourth-quarter and fiscal 2026 results to the Securities and Exchange Commission on Nov. 6, following its Nov. 3 earnings release.
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DELAWARE, Ohio, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, today announced fourth quarter and fiscal 2026 results.
Fiscal 2026 net income increased to $261.5 million, or $4.54 per diluted Class A share, compared to $31.6 million, or $0.55 per diluted Class A share, in fiscal 2025.
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Fiscal Year 2026 Financial Highlights: (all results compared to the fiscal year 2025 and both periods reflect only continuing operations unless otherwise noted): Net income increased to $261.5 million or $4.54 per diluted Class A share compared to net income of $31.6 million or $0.55 per diluted Class A share.
Company-defined adjusted EBITDA increased 11.7% to $625.7 million, while company-defined net income excluding adjustments rose to $231.9 million, or $4.04 per diluted share.
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Net income, excluding the impact of adjustments, increased 73.3% to $231.9 million or $4.04 per diluted Class A share compared to net income, excluding the impact of adjustments, of $133.8 million or $2.31 per diluted Class A share.Adjusted EBITDA increased 11.7% to $625.7 million compared to Adjusted EBITDA of $560.0 million.
Company-defined adjusted free cash flow reached $279.3 million, falling below internal company guidance primarily due to elevated inventory balances and higher resin costs.
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Adjusted free cash flow decreased by $101.0 million to $279.3 million, below our most recent guidance range, primarily due to elevated inventory balances and higher resin costs, reflecting our strategic decision to ensure continuity of supply for customers amid Middle East supply disruptions.
In its earnings release, Greif also announced a strategic exit from its Coated Recycled Board business with the closure of its Sweetwater paperboard mill in Austell, Georgia.
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DELAWARE, Ohio, Nov. 03, 2026 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a world leader in industrial packaging products and services, today announced fourth quarter and fiscal 2026 results.
In its earnings release, Greif also announced a strategic exit from its Coated Recycled Board business with the closure of its Sweetwater paperboard mill in Austell, Georgia.
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Announced strategic exit of Coated Recycled Board business with the closure of our Sweetwater paperboard mill in Austell, GA.
Greif Exhibit 99.1 — Q4 and fiscal 2026 earnings release (issued Nov. 3, 2026)
Supporting evidence (3)
For fiscal 2026, Greif reported continuing-operations net sales of $4,376.8 million.
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Greif Exhibit 99.1 — Q4 and fiscal 2026 earnings release (issued Nov. 3, 2026) Continuing ops: Q4 net sales $1,143.6M; Q4 net loss $6.5M / $(0.11) diluted Class A; adj. net income $49.1M / $0.87; adj. EBITDA $163.0M. FY2026 net sales $4,376.8M; net income $261.5M / $4.54; adj. net income $231.9M / $4.04; adj. EBITDA $625.7M (+11.7%). FY2027 low-end guidance adj. EBITDA $645M, adj. FCF $290M.
In the fourth quarter, Greif recorded continuing-operations net sales of $1,143.6 million, a net loss of $6.5 million, and company-defined adjusted EBITDA of $163.0 million.
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Continuing ops: Q4 net sales $1,143.6M; Q4 net loss $6.5M / $(0.11) diluted Class A; adj. net income $49.1M / $0.87; adj. EBITDA $163.0M.
Looking ahead to fiscal 2027, Greif projected low-end adjusted EBITDA of $645 million.
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Greif Exhibit 99.1 — Q4 and fiscal 2026 earnings release (issued Nov. 3, 2026) Continuing ops: Q4 net sales $1,143.6M; Q4 net loss $6.5M / $(0.11) diluted Class A; adj. net income $49.1M / $0.87; adj. EBITDA $163.0M. FY2026 net sales $4,376.8M; net income $261.5M / $4.54; adj. net income $231.9M / $4.04; adj. EBITDA $625.7M (+11.7%). FY2027 low-end guidance adj. EBITDA $645M, adj. FCF $290M.