Q2 2026 Greif Inc Earnings Call Transcript
Key Points
- Greif Inc (GEF) achieved $75 million in savings, on track to meet their full-year target of $80 million to $90 million.
- The company ended the quarter with a leverage ratio of 1.1 times, marking the strongest balance sheet in its nearly 150-year history.
- EBITDA dollars improved by 7.5% year-over-year, with margins increasing by 110 basis points.
- Free cash flow improved by $93 million compared to Q2 2025, demonstrating strong cash generation capabilities.
- Greif Inc (GEF) completed a $150 million share repurchase program, with an additional $300 million authorized for future buybacks.
- The Middle East conflict caused intermittent shutdowns at facilities, resulting in an EBITDA loss of less than $5 million in Q2.
- Rising input costs due to the conflict have impacted the company's cost structure, although pricing actions are being taken to mitigate this.
- The company adjusted its full-year EBITDA guidance downward due to the disruptive impact of the Middle East conflict.
- Underlying industrial end-market demand remained consistent but soft, with no significant inflection points in sight.
- Volume assumptions for metals, fiber, and closures have been revised downward, reflecting mid-single-digit declines.
Good day and thank you for standing by. Welcome to the Greif Second Quarter 2026 Earnings Call.
At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session.
(Operator Instructions)
I would now like to hand the conference over to your first speaker today, Bill DâOnofrio, Vice President of Investor Relations and Corporate Development. Please go ahead.
Good morning and thank you for joining Greif's fiscal second quarter 2026 earnings conference call. Today, our CEO, Ole Rosgaard, will provide a strategy and market update, followed by our CFO, Larry Hilsheimer, with a review of our financial results and guidance.
Please turn to slide two.
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