--- title: "Greif-B | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 1.166 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294535355.md" datetime: "2026-07-31T15:56:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294535355.md) - [en](https://longbridge.com/en/news/294535355.md) - [zh-HK](https://longbridge.com/zh-HK/news/294535355.md) --- # Greif-B | 8-K: FY2026 Q3 Revenue Beats Estimate at USD 1.166 B Revenue: As of FY2026 Q3, the actual value is USD 1.166 B, beating the estimate of USD 1.116 B. EPS: As of FY2026 Q3, the actual value is USD 1.35. EBIT: As of FY2026 Q3, the actual value is USD 107.6 M. ### Fiscal Third Quarter 2026 Financial Highlights #### Net Income - Net income increased by 156.7% to $78.8 million in the third quarter of fiscal 2026, compared to $30.7 million in the prior year period. - Net income, excluding the impact of adjustments, increased by 87.0% to $93.3 million, compared to $49.9 million in the prior year period. #### Adjusted EBITDA - Adjusted EBITDA increased by 24.7% to $183.4 million in the third quarter of fiscal 2026, compared to $147.1 million in the prior year period. - Adjusted EBITDA grew by approximately 25%. - Adjusted EBITDA margins were up over 260 basis points year-over-year and up 110 basis points sequentially from Q2 2026. #### Cash Flow - Net cash provided by operating activities decreased by $69.3 million to $77.8 million in the third quarter. - Adjusted free cash flow decreased by $86.7 million to $57.7 million in the third quarter. - For the nine months ended June 30, 2026, net cash provided by operating activities was $170.0 million, down from $286.1 million in the prior year period. - Free cash flow for the nine months ended June 30, 2026, was $51.5 million, compared to $193.2 million in the prior year period. - Adjusted free cash flow for the nine months ended June 30, 2026, was $196.0 million, compared to $207.6 million in the prior year period. - Greif, Inc. expects free cash flow conversion of around 50% for the current year. #### Debt and Leverage - Total debt was $1,030.4 million, reflecting a decrease of $1,686.6 million. - Net debt decreased by $1,689.9 million to $741.9 million. - The leverage ratio decreased to 1.1x from 3.1x. - Greif, Inc. intends for leverage to remain below 2.0x, with an expectation of below 1.5x in the near term. #### Operational Metrics - Greif, Inc. achieved $90 million in cumulative run-rate savings from its cost optimization program, reaching the high-end of its commitment for the fiscal year. - The company completed the growth-enabling strategic, bolt-on acquisition of Envaplast on June 2, 2026. - Envaplast primarily serves the Agrochemical end markets and has EBITDA margins well above 18% and free cash flow conversions exceeding 50%. - Greif, Inc. increased its quarterly dividend by 10.7%. - The company announced its intention to begin executing on share repurchases under a new plan, with an additional $150 million stock repurchase plan approved. - Greif, Inc. remains committed to delivering $120 million of annualized cost optimization on a run rate basis by the end of the next fiscal year. ### Fiscal Third Quarter 2026 Segment Results #### Customized Polymer Solutions - Net sales increased by $45.9 million to $383.8 million, driven by $29.9 million higher average selling prices, $8.5 million of positive foreign currency translation impacts, and higher volumes. - Gross profit increased by $20.2 million to $91.1 million. - Operating profit increased by $24.4 million to $32.8 million. - Adjusted EBITDA increased by $27.2 million to $64.3 million. - Volumes increased by 1.5%, led by strength in IBCs and large polymer containers. #### Durable Metal Solutions - Net sales increased by $13.3 million to $405.6 million, primarily due to $14.0 million of positive foreign currency translation impacts and $11.4 million of higher average selling prices, partially offset by $12.0 million attributable to lower volumes. - Gross profit increased by $2.8 million to $90.9 million. - Operating profit increased by $6.9 million to $52.7 million. - Adjusted EBITDA increased by $10.4 million to $64.0 million. #### Sustainable Fiber Solutions - Net sales decreased by $24.2 million to $346.5 million, primarily due to $15.3 million attributable to lower average selling prices, $5.3 million of impacts from the Soterra Divestiture, and lower volumes. - Gross profit decreased by $12.0 million to $73.1 million. - Operating profit increased by $8.9 million to $13.9 million. - Adjusted EBITDA decreased by $6.3 million to $42.5 million. - Net sales were lower year-over-year due to a mill closure, and margins were lower year-over-year. - Underlying converting demand was close to flat. #### Innovative Closure Solutions - Net sales increased by $4.7 million to $29.7 million, primarily due to higher average selling prices, higher volumes, and positive foreign currency translation impact. - Gross profit increased by $5.6 million to $17.5 million. - Operating profit increased by $4.0 million to $8.5 million. - Adjusted EBITDA increased by $5.0 million to $12.6 million. - Third-party demand increased mid-single digits, and total volumes increased high single digits. ### Outlook / Guidance Greif, Inc. updated its Adjusted EBITDA guidance for fiscal year 2026 to a range of $615 million to $635 million, representing approximately 10% to 13% EBITDA growth year-over-year. The company projects adjusted free cash flow to range from $305 million to $325 million for fiscal year 2026, with an expected conversion of approximately 50%. Greif, Inc. also reaffirmed its expectation to achieve at least $120 million of cumulative run-rate savings by the end of fiscal year 2027. ### Related Stocks - [GEF.B.US](https://longbridge.com/en/quote/GEF.B.US.md) ## Related News & Research - [Greif Bros. (NYSE:GEF.B) Sets New 52-Week High - Should You Buy?](https://longbridge.com/en/news/282064671.md) - [Greif Bros. (NYSE:GEF.B) Shares Pass Above 50-Day Moving Average - Time to Sell?](https://longbridge.com/en/news/279001285.md) - [GEF: Q3 2026 delivered strong profit growth and margin expansion amid portfolio transformation](https://longbridge.com/en/news/294250779.md) - [Greif (NYSE:GEF) Announces Earnings Results](https://longbridge.com/en/news/294115379.md) - [Greif fiscal Q3 revenue beats estimates on higher prices](https://longbridge.com/en/news/294108067.md)