Greif Reports Fourth Quarter and Fiscal 2026 Results
Key Highlights
- ➤Fiscal 2026 adjusted EBITDA $625.7 million, up 11.7% year over year
- ➤Fiscal 2027 low-end guidance: adjusted EBITDA $645 million
- ➤Fiscal 2026 adjusted free cash flow $279.3 million, below recent guidance
- ➤Cost optimization reached $105 million, raised target to $150 million by fiscal 2027
- ➤Sweetwater mill closure marks strategic exit from Coated Recycled Board business
Expert Statements
Ole Rosgaard, Chief Executive Officer of Greif
“We delivered a strong fiscal 2026, growing adjusted EBITDA by nearly 12% despite continued weakness in global industrial markets”
Ole Rosgaard, Chief Executive Officer of Greif
“Our performance reflects the strength of our businesses and the actions our teams are taking to improve profitability, rather than relying on a market recovery.”
Ole Rosgaard, Chief Executive Officer of Greif
“We achieved $105 million in annual run-rate cost savings, exceeding our original commitment a year ahead of schedule.”
Ole Rosgaard, Chief Executive Officer of Greif
“This success gives us the confidence to increase our original cost optimization target by 50% to $150 million by the end of fiscal 2027.”
Ole Rosgaard, Chief Executive Officer of Greif
“Our sharpened portfolio is focused on core businesses where we hold leading market positions and see attractive opportunities for profitable growth.”
Ole Rosgaard, Chief Executive Officer of Greif
“With a lower cost base, stronger balance sheet and further improvements ahead, we are well positioned to grow earnings, increase cash flow and deliver lasting value to our shareholders, even without a meaningful recovery in industrial demand.”
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.
On June 30, 2025, we entered into a definitive agreement to divest our Containerboard Business, including our CorrChoice sheet feeder system. Beginning in the third quarter of fiscal 2025, the Containerboard Business has been reported as discontinued operations. Unless otherwise noted, all financial results and discussions in this press release relate to continuing operations. Additional information regarding the basis of presentation and changes in reportable segments is provided under "Basis of Presentation and Comparability".
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