Revenue: As of FY2026 Q2, the actual value is USD 1.073 B, missing the estimate of USD 1.101 B.EPS: As of FY2026 Q2, the actual value is USD 0.22.EBIT: As of FY2026 Q2, the actual value is USD 45.4 M.<h4>Fiscal Second Quarter 2026 Financial Highlights</h4><ul><li>Net Income: Net income decreased 32.3% to $12.6 million compared to $18.6 million in the prior year period. </li><li>Net Income (excluding adjustments): Net income, excluding the impact of adjustments, increased 57.5% to $62.7 million compared to $39.8 million in the prior year period. </li><li>Adjusted EBITDA: Adjusted EBITDA increased 7.5% to $156.8 million compared to $145.9 million in the prior year period. </li><li>Net Cash Provided by Operating Activities: Net cash provided by operating activities decreased by $5.8 million to $116.6 million. </li><li>Adjusted Free Cash Flow: Adjusted free cash flow increased by $92.7 million to $179.3 million. </li><li>Total Debt: Total debt was $1,005.9 million, a decrease of $1,769.3 million, primarily due to debt repayment of approximately $1,864.0 million from asset sales. </li><li>Net Debt: Net debt decreased by $1,802.7 million to $719.8 million. </li><li>Leverage Ratio: The leverage ratio decreased to 1.1x from 3.3x. </li></ul><h4>Strategic Actions and Operational Metrics</h4><ul><li>Cost Optimization: Greif, Inc. achieved $75.0 million of run-rate cost optimization by the end of the fiscal second quarter of 2026, up from $65.0 million reported at the end of the first quarter of fiscal 2026, progressing towards a full-year target range of $80 million to $90 million. </li><li>Share Repurchase Program: Greif, Inc. completed a $150.0 million share repurchase program on April 15, 2026, repurchasing a total of 1.8 million Class A shares and 0.4 million Class B shares. </li><li>Debt Refinancing: Greif, Inc. refinanced long-term debt to 2031 through $500.0 million of Term Loans and $800.0 million of available capacity on a revolving line of credit, securing debt at a quarter-to-date weighted-average interest rate of 3.14%. </li><li>Gallup Colleague Engagement Survey: Greif, Inc. completed the 2026 Gallup Colleague Engagement Survey with over 98% participation and an aggregate score of 91st percentile. </li><li>Sustainability Report: Greif, Inc. issued its 17th Annual Sustainability Report, highlighting key milestones achieved in 2025 and progress towards 2030 sustainability goals. </li><li>EBITDA Margins: EBITDA margins improved 110 basis points year-over-year and adjusted EBITDA margins were up 230 basis points sequentially from Q1 2026. </li><li>Capital Allocation: Approximately $85 million is allocated to maintenance capital expenditure (CapEx), with an additional $5 million to $10 million for safety, and the remainder for organic growth opportunities focused on the resin-based sector and small polymers. </li></ul><h4>Fiscal Second Quarter 2026 Segment Results</h4><ul><li>Customized Polymer Solutions<ul><li>Net sales increased by $22.3 million to $344.8 million. </li><li>Gross profit decreased by $2.7 million to $74.1 million. </li><li>Operating profit decreased by $15.3 million to $2.5 million. </li><li>Adjusted EBITDA increased by $2.4 million to $45.8 million. </li></ul></li><li>Durable Metal Solutions<ul><li>Net sales increased by $7.5 million to $380.4 million. </li><li>Gross profit increased by $5.5 million to $89.3 million. </li><li>Operating profit decreased by $2.1 million to $39.0 million. </li><li>Adjusted EBITDA increased by $11.6 million to $61.6 million. </li></ul></li><li>Sustainable Fiber Solutions<ul><li>Net sales decreased by $38.9 million to $321.8 million. </li><li>Gross profit decreased by $6.8 million to $71.3 million. </li><li>Operating loss increased by $8.0 million to -$10.2 million. </li><li>Adjusted EBITDA decreased by $5.5 million to $40.8 million. </li></ul></li><li>Innovative Closure Solutions<ul><li>Net sales increased by $3.5 million to $25.8 million. </li><li>Gross profit increased by $2.5 million to $12.3 million. </li><li>Operating profit increased by $0.1 million to $4.1 million. </li><li>Adjusted EBITDA increased by $2.4 million to $8.6 million. </li></ul></li></ul><h4>Tax Summary</h4><ul><li>The income tax rate for the second quarter was 27.1 percent, and the tax rate excluding the impact of adjustments was 25.5 percent. </li><li>For fiscal 2026, the expected tax rate ranges between 26.0 to 30.0 percent, and the tax rate excluding adjustments is expected to range between 28.0 to 32.0 percent. </li></ul><h4>Dividend Summary</h4><ul><li>On February 23, 2026, the Board of Directors declared quarterly cash dividends of $0.56 per share of Class A Common Stock and $0.84 per share of Class B Common Stock, totaling approximately $31.9 million. </li></ul><h4>Company Outlook</h4>For fiscal 2026, Greif, Inc. expects low-end Adjusted EBITDA guidance of $610 million and Adjusted free cash flow guidance of $315 million. This guidance reflects a conservative outlook due to a continued soft industrial environment and geopolitical developments, including the estimated direct disruptive impact from the Middle East conflict. The company anticipates revised volume assumptions, with Metal, Fiber, and Closures down mid-singles, and Polymers flat, alongside a $20 million lower working capital source offset by a lower expectation on cash taxes.

Greif-B | 8-K: FY2026 Q2 Revenue Misses Estimate at USD 1.073 B